News & Updates

News Update

03

Nov 2025

Nov 03, 2025 • 5 min read

Govt Abolishes 54,000 Jobs to Save Rs. 56 Billion

A total of 54,000 government posts have been abolished under the federal government’s right-sizing initiative, resulting...

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News Update

03

Nov 2025

Nov 03, 2025 • 5 min read

Rupee Continues to Post Marginal Gains 28th Day in a Row Against US Dollar

The Pakistani rupee (PKR) closed in green against the US Dollar (USD) 28th day in a row on Monday. Meanwhile, it posted...

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News Update

03

Nov 2025

Nov 03, 2025 • 5 min read

Pakistan Plans Major Revamp of Port Qasim to Deliver Half of $100 Billion Revenue Target

Port Qasim is set for one of the biggest upgrades in its history as the government targets the port to contribute half o...

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News Update

03

Nov 2025

Nov 03, 2025 • 5 min read

Govt Plans to Exit Power Purchase Business And Eliminate Circular Debt

Energy Minister Awais Leghari on Monday announced that the government will stop buying electricity directly from produce...

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News Update

03

Nov 2025

Nov 03, 2025 • 5 min read

FBR Chairman Reveals Plan to Go After Pakistan’s Richest to Recover Trillions in Unpaid Taxes

Pakistan’s economic team has unveiled new structural reforms to recover trillions in unpaid taxes from top income earner...

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News Update

03

Nov 2025

Nov 03, 2025 • 5 min read

PM Shehbaz to Decide Fate of Rs. 170 Billion ADB Road Project Soon

Prime Minister Shehbaz Sharif has received the inquiry report on alleged irregularities in the Rs. 170 billion CAREC (Ce...

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News Update

03

Nov 2025

Nov 03, 2025 • 5 min read

Pakistan’s Inflation Rises to Highest Level in A Year

Pakistan’s annual inflation increased by 6.2 percent on a year-on-year (YoY) basis in October 2025 as compared to 5.6 pe...

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News Update

03

Nov 2025

Nov 03, 2025 • 5 min read

Pakistan’s Newest Domestic Airline Announces Date for First Flight

Air Karachi, Pakistan’s newest airline, will launch its flight operations on March 23, 2026. The announcement follows th...

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News Update

03

Nov 2025

Nov 03, 2025 • 5 min read

Pakistan Sets New All-Time High Monthly Tobacco Exports Record

Pakistan has set a new monthly export record of $34 million in September 2025, according to the latest data by the State...

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News Update

03

Nov 2025

Nov 03, 2025 • 5 min read

Gold Prices Rise Again in Pakistan

Gold prices in Pakistan climbed on Monday, mirroring an uptick in the international market. In the local market, the pri...

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News Update

03

Nov 2025

Nov 03, 2025 • 5 min read

CCP Calls For National Steel Policy To End Market Distortions

The Competition Commission of Pakistan has called for a national steel policy and stronger governance after identifying...

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News Update

03

Nov 2025

Nov 03, 2025 • 5 min read

Fauji Cement and KAPCO to Jointly Acquire 84% Stake in Attock Cement

Fauji Cement Company Limited (FCCL) has announced that its board has approved a joint acquisition, alongside Kot Addu Po...

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News Update

03

Nov 2025

Nov 03, 2025 • 5 min read

Pakistan Could Earn $2.25 Billion Annually from Carbon Trading

Pakistan can earn up to $2.25 billion a year from carbon trading, if only 10 to 15 percent of its emissions are sold as...

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News Update

03

Nov 2025

Nov 03, 2025 • 5 min read

World Bank Urges Pakistan to Overhaul Trade Policy, Embrace Flexible Exchange Rate to Boost Exports

The World Bank has called on Pakistan to overhaul its preferential trade agreements, adopt a market-driven exchange rate...

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News Update

03

Nov 2025

Nov 03, 2025 • 5 min read

LUMS and HBL Join Hands to Develop Commercial Financing Schemes for Accelerating Electric Mobility in Pakistan

LUMS and Habib Bank Limited (HBL) have signed an MoU to collaborate on developing commercial financing schemes for LUMS’...

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News Update

03

Nov 2025

Nov 03, 2025 • 5 min read

Govt Mulls Rs. 300 Billion Cut in Development Budget Amid Revenue Shortfall

The government is considering a major reduction of Rs. 300 billion in development funds for the current fiscal year, sou...

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News Update

03

Nov 2025

Nov 03, 2025 • 5 min read

HUBCO’s Thar Coal Plants Reach Project Completion Under CPEC, Set to Reward Shareholders

The Hub Power Company Ltd (HUBCO) has announced the official completion of two major coal-fired power projects in Thar,...

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News Update

03

Nov 2025

Nov 03, 2025 • 5 min read

Sindh Farmers Target German Companies With €1 Million Legal Action

A group of farmers from Sindh has launched legal action seeking about €1 million in damages from two major German corpor...

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News Update

03

Nov 2025

Nov 03, 2025 • 5 min read

FBR Takes Action Against Fintech Executive Who Owns Luxury Cars

The Federal Board of Revenue (FBR) is intensifying its crackdown on tax evasion, targeting high-profile social media inf...

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News Update

02

Nov 2025

Nov 02, 2025 • 5 min read

IESCO Reportedly Asks Solar Power Customers to Buy New Electricity Meter Worth Rs. 52,000

IESCO solar power consumers have been left alarmed after receiving electricity bills directing them to replace their exi...

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News Update

02

Nov 2025

Nov 02, 2025 • 5 min read

Rupee Devaluation Should Have Improved Exports But It Didn’t

Pakistan’s steep currency depreciation over the last four decades has not helped exports because the rupee has never bee...

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