News & Updates

2024-10-31 00:00:00
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Profit-Taking Continues as PSX Loses Over 1,300 Points

The 100-Index of the Pakistan Stock Exchange (PSX) continued its bearish trend on Thursday, losing 1...
2024-10-31 00:00:00
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Janana De Malucho Textile Mills Shuts Down Operations Due to Costly Electricity, Cotton Shortage

Janana De Malucho Textile Mills Limited (PSX: JDMT) has decided to stop production activities citing...
2024-10-31 00:00:00
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SECP Issues Position Paper to Enable Startup Friendly Ecosystem

Recognizing the importance of a strong Startup friendly eco system in Pakistan, the Securities and E...
2024-10-31 00:00:00
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FBR Launches Advance Stock Register System to Stop Tax Evasion

The Federal Board of Revenue (FBR) has launched an advanced Stock Register system via the Informatio...
2024-10-31 00:00:00
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Govt Posts Highest Ever Petroleum Levy Collection for First Quarter of Any Fiscal Year

The federal government has managed to collect the highest-ever petroleum development levy (PDL) in t...
2024-10-31 00:00:00
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Rupee Takes Small Hits 4th Day in a Row Against US Dollar

The Pakistani rupee (PKR) posted small losses 4th day in a row against the US Dollar (USD) today aft...
2024-10-31 00:00:00
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KSE-100 Index Posts 2024’s Highest Monthly Return in October 2024

The Pakistan Stock Exchange (PSX) posted the highest-ever monthly gain in points in 11 months in Oct...
2024-10-31 00:00:00
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Wafi Energy Becomes Majority Shareholder of Shell Pakistan Limited

Wafi Energy Holding Limited (Wafi Energy) becomes the majority shareholder of Shell Pakistan Limited...
2024-10-31 00:00:00
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PM Shehbaz, Qatari PM Discuss Trade, Investment Cooperation 

Prime Minister Shehbaz Sharif on Thursday met his Qatari counterpart Sheikh Mohammed bin Abdulrahman...
2024-10-31 00:00:00
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Only 22% CSR Funds of Petroleum Companies Used for Social Welfare

The National Assembly Standing Committee on Energy on Thursday was informed that just 22 percent of...
2024-10-31 00:00:00
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Gold Price in Pakistan Eases After Hitting Record High

The price of gold in Pakistan dropped slightly on Thursday from the record high of Rs. 287,900 per t...
2024-10-31 00:00:00
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Climate Change Could Cut Pakistan’s GDP by 21% by 2070: ADB

Climate change could cut Pakistan’s gross domestic product (GDP) by 21.1 percent by 2070 under a hig...
2024-10-31 00:00:00
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Hubco to Install EV Charging Stations on Motorways, Highways, Major Cities

The Hub Power Company Limited (PSX: HUBC) has announced plans to install electric charging stations...
2024-10-31 00:00:00
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Pakistan Posts Fiscal Surplus For the First Time in 21 Years

Pakistan has reported a fiscal surplus of Rs. 1.7 trillion or 1.4 percent of GDP and a primary surpl...
2024-10-31 00:00:00
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Govt to Launch New Package Next Month to Revive Construction Industry

Prime Minister Shahbaz Sharif is preparing a construction package to revive Pakistan’s construction...
2024-10-31 00:00:00
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K-Electric Consumers Likely to Get Tiny Relief in Upcoming Electricity Bills

K-Electric has requested the National Electric Power Regulatory Authority (NEPRA) to pass a reductio...
2024-10-31 00:00:00
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Govt Has Abolished 6,770 Posts At Ministries So Far

The federal government has abolished 4,816 positions from Grade 1 to Grade 22 across various ministr...
2024-10-31 00:00:00
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Pakistan in Poor Shape Ahead of First IMF Review

Pakistan’s economic framework is out of balance as it prepares for the first review of its $7 billio...
2024-10-31 00:00:00
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Mari Petroleum Posts Rs. 19.2 Billion Profit for Q1 FY25

Mari Petroleum Company Limited (PSX: MARI) announced its financial result today, posting a profit af...
2024-10-31 00:00:00
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SBP Launches Business Idea Competition to Promote Women Entrepreneurship

In order to promote women entrepreneurship, the State Bank of Pakistan (SBP) has launched a competit...

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