News & Updates

News Update

17

Oct 2025

Oct 17, 2025 • 5 min read

SBP Cancels License of Muhammadi Exchange Company

The State Bank of Pakistan (SBP) has revoked the authorization of M/s Muhammadi Exchange Company (Pvt.) Ltd. to conduct...

Read Full Article

News Update

17

Oct 2025

Oct 17, 2025 • 5 min read

Floods in 2025 Cost Pakistan’s Economy $2.9 Billion

Federal Minister for Planning and Development Ahsan Iqbal announced on Friday that recent floods have caused an estimate...

Read Full Article

News Update

17

Oct 2025

Oct 17, 2025 • 5 min read

Rupee Edges Higher Against Dollar, Weakens Against Euro and Swiss Franc

Pakistani rupee recorded a slight gain against the US dollar in the inter-bank market on Friday, closing at Rs. 281.10,...

Read Full Article

News Update

17

Oct 2025

Oct 17, 2025 • 5 min read

Pak-Qatar Family Takaful to Launch $3.9 Million IPO in Pakistan Next Month

A Qatari-backed Shariah-compliant insurance company is preparing to launch an initial public offering (IPO) in Pakistan...

Read Full Article

News Update

17

Oct 2025

Oct 17, 2025 • 5 min read

Flood 2025: Govt Defers Electricity Bills Till December, Approves Installment Plan Till Next June

The government has announced a major relief package for flood-affected agricultural and commercial electricity consumers...

Read Full Article

News Update

17

Oct 2025

Oct 17, 2025 • 5 min read

Gold Rally Lifts Pakistan’s Reserves to Near Record Highs

Soaring gold prices in 2025 have delivered a windfall for Pakistan’s external finances, with the country’s gold reserves...

Read Full Article

News Update

17

Oct 2025

Oct 17, 2025 • 5 min read

Astrik and Grant Thornton Partner with JS Bank to Automate IFRS 9 Expected Credit Loss (ECL) & Effective Interest Rate (EIR) Framework

Astrik, in partnership with Grant Thornton, has officially signed an engagement letter with JS Bank to develop and imple...

Read Full Article

News Update

17

Oct 2025

Oct 17, 2025 • 5 min read

NAB to Seize Malik Riaz’s Mall Near Centaurus in Islamabad

An accountability court in Karachi has formally ordered the seizure of Bahria Town owner Malik Riaz’s Mall of Islamabad...

Read Full Article

News Update

17

Oct 2025

Oct 17, 2025 • 5 min read

Gold Prices in Pakistan Near Rs. 500,000 Per Tola After Massive Single-Day Gain

Gold prices in Pakistan soared to new all-time highs on Friday, mirroring gains in the international market. In the loca...

Read Full Article

News Update

17

Oct 2025

Oct 17, 2025 • 5 min read

Govt Admits Cellular Service Problems Persist in Several Regions

The government has officially acknowledged that cellular service disruptions persist in parts of the country, even thoug...

Read Full Article

News Update

17

Oct 2025

Oct 17, 2025 • 5 min read

Pakistan’s Reko Diq Project Gets Boost as Japan’s JBIC Joins Lender Group

The Japan Bank for International Cooperation (JBIC) has formally agreed to join the Reko Diq lender group, signaling ren...

Read Full Article

News Update

17

Oct 2025

Oct 17, 2025 • 5 min read

Pakistan Exempts 57 Items From Origin Certificate Rule

The Ministry of Commerce has exempted 57 items from the Certificate of Origin (COO) requirement for trade with Iran, a d...

Read Full Article

News Update

17

Oct 2025

Oct 17, 2025 • 5 min read

Nestlé Pakistan Delivers Strong Growth in Q3 2025  

Nestlé Pakistan delivered a strong growth of 19.2% for the third quarter ended September 30, 2025, benefiting from a low...

Read Full Article

News Update

17

Oct 2025

Oct 17, 2025 • 5 min read

Gold Prices Surge Rs. 54,800 per Tola in a Month as Imports Stay Frozen

Gold prices in Pakistan have surged by nearly Rs. 54,800 per tola in just one month, driven by a complete halt in import...

Read Full Article

News Update

17

Oct 2025

Oct 17, 2025 • 5 min read

Pakistan’s Bank Deposits-to-GDP Ratio Falls to Lowest Among Peers: SBP

Pakistan’s deposits-to-GDP ratio has dropped to its lowest level among peer economies, according to a new report by the...

Read Full Article

News Update

17

Oct 2025

Oct 17, 2025 • 5 min read

Gold Surges Past $4,300, Set for Best Week Since 2008 Amid Banking, Trade Jitters

Gold soared to a fresh all-time high above $4,300 an ounce on Friday, capping its strongest weekly rally in more than 17...

Read Full Article

News Update

17

Oct 2025

Oct 17, 2025 • 5 min read

Largest Muslim Country to Buy Rafale Killer J-10C Jets in $9 Billion Deal

Indonesia has announced plans to purchase China’s J-10 fighter jets, a move that would make it the second country after...

Read Full Article

News Update

17

Oct 2025

Oct 17, 2025 • 5 min read

Finance Minister Seeks Stronger Economic Partnerships with U.S, China, and Japan at IMF–World Bank Meetings

Finance Minister Senator Muhammad Aurangzeb expanded Pakistan’s international economic outreach on Thursday, holding key...

Read Full Article

News Update

17

Oct 2025

Oct 17, 2025 • 5 min read

Industries Threaten Shutdown Over Soaring Gas Bills

Pakistan’s industrial sector is facing another crisis as factory owners in Karachi announced plans to shut down operatio...

Read Full Article

News Update

17

Oct 2025

Oct 17, 2025 • 5 min read

Internet and Solar Panels Likely to Get More Expensive After New IMF Demands

With the rejection of proposals to increase taxes on fertilizers and agricultural pesticides, Pakistan and the Internati...

Read Full Article

News Update

17

Oct 2025

Oct 17, 2025 • 5 min read

Mari Energies Announces Oil and Gas Discovery

Mari Energies Limited has announced a significant oil and gas discovery at its Mari Ghazij CF-B1 exploration well, locat...

Read Full Article