News & Updates

News Update

30

Sep 2025

Sep 30, 2025 • 5 min read

Gul Ahmed Shuts Down Export Apparel Segment

Gul Ahmed Textile Mills Limited, one of Pakistan’s leading textile companies, has announced the immediate closure of its...

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News Update

30

Sep 2025

Sep 30, 2025 • 5 min read

OGDCL Receives Rs. 7.72 Billion in 3rd Interest Payment Under Circular Debt Plan

Oil & Gas Development Company Limited (OGDCL) has announced the receipt of its third interest payment installment from P...

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News Update

30

Sep 2025

Sep 30, 2025 • 5 min read

FBR Under Pressure as Tax Return Filings Fall to Less Than Half of Last Year

The Federal Board of Revenue (FBR) is facing mounting pressure as it struggles to meet its tax collection targets, with...

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News Update

30

Sep 2025

Sep 30, 2025 • 5 min read

No Major Economic Setback from Floods in Pakistan: IMF

The International Monetary Fund (IMF) does not expect Pakistan’s recent floods to derail the country’s economic growth o...

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News Update

30

Sep 2025

Sep 30, 2025 • 5 min read

Finnish Firm Metso to Supply Equipment for Reko Diq, Train Pakistani Workforce

Finnish mineral technology giant Metso has cemented its role as a key equipment supplier for the landmark Reko Diq proje...

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News Update

30

Sep 2025

Sep 30, 2025 • 5 min read

FBR’s IRIS Portal Glitches Leave Taxpayers Stranded

The Federal Board of Revenue’s (FBR) IRIS portal remained inaccessible for most of Monday, leaving taxpayers and tax pra...

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News Update

30

Sep 2025

Sep 30, 2025 • 5 min read

SBP Named Resolution Authority to Oversee Failing Banks and Safeguard Depositors

The State Bank of Pakistan (SBP) has taken a major step to strengthen the country’s financial stability regime by establ...

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News Update

29

Sep 2025

Sep 29, 2025 • 5 min read

All You Need to Know About Cost Sharing Scheme for Electric Bikes and Rickshaws/Loaders

The federal government has rolled out a major new initiative to promote electric vehicles, announcing a ‘Cost Sharing Sc...

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News Update

29

Sep 2025

Sep 29, 2025 • 5 min read

Cigarette Material Smuggling Soars in Pakistan

Recent seizures by the Federal Board of Revenue (FBR) at the Sost border with China and the Torkham border with Afghanis...

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News Update

29

Sep 2025

Sep 29, 2025 • 5 min read

Bulls Dominate as KSE-100 Crosses 163,000 Mark for First Time

The Pakistan Stock Exchange (PSX) continued its bullish run on Monday, with the benchmark index climbing 1,590 points, o...

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News Update

29

Sep 2025

Sep 29, 2025 • 5 min read

Massive Cutbacks Loom for NTC, PSEB and Ignite in Govt’s Downsizing Drive

The government has started a downsizing drive, targeting major departments under the Ministry of Information Technology...

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News Update

29

Sep 2025

Sep 29, 2025 • 5 min read

Aik by BankIslami and PTCL Strengthen Pakistan’s Digital Banking Ecosystem with Cloud-Based Solutions

Aik, Pakistan’s first Islamic digital banking platform, has entered into a strategic partnership with Pakistan Telecommu...

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News Update

29

Sep 2025

Sep 29, 2025 • 5 min read

Ghandhara Automobiles Posts Record Profit, Announces First-Ever Dividend

Ghandhara Automobiles Limited (GAL) has reported its highest-ever annual profit after tax (PAT) of Rs. 4,096 million for...

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News Update

29

Sep 2025

Sep 29, 2025 • 5 min read

President Trump Pledges Full Support for Pakistan’s Trade and Investment: PM Shehbaz

Prime Minister Shehbaz Sharif has described his meeting with President Donald Trump in Washington D.C. as highly constru...

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News Update

29

Sep 2025

Sep 29, 2025 • 5 min read

Gold Prices Hit Record High in Pakistan, Cross Rs. 400,000 per Tola

Gold prices in Pakistan surged sharply on Monday, crossing Rs. 400,000 per tola for the first time in history. In the lo...

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News Update

29

Sep 2025

Sep 29, 2025 • 5 min read

Income Tax Filing Deadline to be Extended? FBR Clears the Air

The Federal Board of Revenue (FBR) has dismissed reports circulating on social and mainstream media suggesting an extens...

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News Update

29

Sep 2025

Sep 29, 2025 • 5 min read

Mandviwalla Mauser Plastic Industries Approves Rs. 250 Million Expansion Plan

Mandviwalla Mauser Plastic Industries Limited has announced a major expansion plan, with the Board of Directors approvin...

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News Update

29

Sep 2025

Sep 29, 2025 • 5 min read

Senior Bureaucrat Reportedly Spends Rs. 25 Crore on Daughter’s Wedding

A high-profile wedding in Pakistan has reportedly sparked outrage after reports revealed that the daughter of a senior g...

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News Update

29

Sep 2025

Sep 29, 2025 • 5 min read

Govt to Increase Petrol Prices on October 1

Petroleum product prices in Pakistan are expected to rise once again starting on October 1, 2025. Sources told ProPakist...

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News Update

29

Sep 2025

Sep 29, 2025 • 5 min read

JS Bank SpendStory: Pakistan’s First Personalized Credit Card Expenditure Breakdown

JS Bank, one of the fastest growing banks in Pakistan, has introduced SpendStory, an innovative feature that brings cred...

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News Update

29

Sep 2025

Sep 29, 2025 • 5 min read

Big Bird Proposes Rs. 1.5 Billion Loan-to-Equity Swap for Directors

The Board of Directors of Big Bird has decided to seek shareholder approval for a proposal to convert outstanding direct...

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