News & Updates

2024-08-01 00:00:00
Admin

Pakistan’s Trade Deficit Widens by Nearly 20% in July

Pakistan’s trade deficit surged by nearly 20 percent in the first month of the new fiscal year (FY25...
2024-08-01 00:00:00
Admin

Power Markets a Monopoly in Many Middle-Income Countries: World Bank

The World Bank has said that power markets are still a monopoly in many middle-income countries. The...
2024-08-01 00:00:00
Admin

Chinese IPP Conveys Concern to Govt Over Overdue Receivables

Federal Minister for Finance Muhammad Aurangzeb and Minister for Power Sardar Awais Leghari held a m...
2024-08-01 00:00:00
Admin

SBP Reserves Post Increase of $75 Million After Major Decline Last Week

The foreign exchange reserves held by the State Bank of Pakistan (SBP) posted an increase of $75 mil...
2024-08-01 00:00:00
Admin

CCP Recovers Rs. 32 Million From Cartels for Violating Competition Law

The Competition Commission of Pakistan (CCP) has made notable progress in its ongoing battle against...
2024-08-01 00:00:00
Admin

ZLK Islamic Financial Services and Dubai Islamic Bank Pakistan Join Hands to Broaden Shariah Compliant Investment Opportunities

In a landmark collaboration, ZLK Islamic Financial Services, Pakistan’s premier Shariah-compliant br...
2024-08-01 00:00:00
Admin

Ishaq Dar Lays Foundation Stone of New SECP Head Office Building

The Deputy Prime Minister of Pakistan and Federal Senior Minister for Foreign Affairs, Senator Muham...
2024-08-01 00:00:00
Admin

Pakistani Rupee Suddenly Halts 3-Day Losing Streak Against US Dollar

The Pakistani rupee (PKR) reversed losses against the US Dollar today after opening trade at 278 in...
2024-08-01 00:00:00
Admin

Gold Rate in Pakistan Breaks All Previous Records

The price of gold in Pakistan rose on Thursday to hit a new all-time high. According to data issued...
2024-08-01 00:00:00
Admin

MSCI Likely to Add 4 More PSX Companies to its Indices

MSCI is scheduled to announce its Quarterly Index Review (QIR) on August 12, 2024, and any changes i...
2024-08-01 00:00:00
Admin

Pakistan’s Inflation Rate Slows to Lowest Level in Nearly 3 Years

Pakistan’s Consumer Price Index (CPI) based inflation slowed to 11.1 percent on a year-on-year basis...
2024-08-01 00:00:00
Admin

IT Ministry Dissolves Steering Committee Formed Over Pending Dues of LDI Companies

The Ministry of Information Technology and Telecommunication has dissolved the Steering Committee fo...
2024-08-01 00:00:00
Admin

Bank Alfalah Reports Substantial Growth and Robust Digital Advancements in H1 2024

The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on August 01, 2024, appro...
2024-08-01 00:00:00
Admin

Hascol Losses Reduce by 75% in Q1 2024

Hascol Petroleum Limited has announced its financial results for the three months ended 31 March 202...
2024-08-01 00:00:00
Admin

IMF-Backed Reforms in Taxation, Privatization, SOEs Now Unavoidable: Finance Minister

The government now has no other choice but to proceed with crucial reforms in taxation, privatizatio...
2024-08-01 00:00:00
Admin

5 Chinese Firms Bid to Help Pakistan Raise Funds Via Panda Bonds

Five Chinese firms submitted bids to Pakistan to raise funds through Panda bonds as the country move...
2024-08-01 00:00:00
Admin

SBP Refuses to Protect Banks From Losses in PIA Privatization

The State Bank of Pakistan (SBP) has refused to give a waiver for Rs. 268 billion in commercial bank...
2024-08-01 00:00:00
Admin

Govt Extends Electricity Bill Payment Due Dates After DISCOs Accused of Overbilling

The federal government has extended the due dates of electricity bills by 10 days after several comp...
2024-07-31 00:00:00
Admin

Govt Cuts Prices of Petrol and Diesel

The federal government has announced a cut in the prices of petrol and high-speed diesel. According...
2024-07-31 00:00:00
Admin

FBR Abolishes Sales Tax on Auction of Used Cars

The Federal Board of Revenue (FBR) has abolished 18 percent sales tax on auction of serviceable old...

Sign Up for Your Free 1st Accounting Consultation