News & Updates

News Update

20

Aug 2025

Aug 20, 2025 • 5 min read

ECC Approves Uniform Application of Fuel Charges Adjustment Across Pakistan

The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved a proposal of the Power Division for the un...

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News Update

20

Aug 2025

Aug 20, 2025 • 5 min read

Govt Approves Rs. 5.8 Billion Relief Package for Flood Victims

The Economic Coordination Committee (ECC) of the Cabinet on Tuesday accorded in-principle approval to a proposal submitt...

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News Update

20

Aug 2025

Aug 20, 2025 • 5 min read

Pakistan’s IT Exports Hit Record High Level of Over $350 Million in July

Pakistan’s information and communication technology (ICT) exports continued their upward trajectory, reaching $354 milli...

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News Update

20

Aug 2025

Aug 20, 2025 • 5 min read

FBR Forms Committee to Resolve Tax Issues of Foreign Investors

The Federal Board of Revenue (FBR) has constituted a committee for resolution of tax disputes of foreign investors and r...

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News Update

20

Aug 2025

Aug 20, 2025 • 5 min read

Finance Ministry Lowers Markup Rate for Development Loans

The Ministry of Finance has notified the markup rates for development loans and advances for the fiscal year 2024-25, sh...

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News Update

20

Aug 2025

Aug 20, 2025 • 5 min read

Moody’s Upgrades Ratings of 5 Major Pakistani Banks

Moody’s Investors Service has upgraded the local and foreign-currency long-term deposit ratings of five leading Pakistan...

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News Update

19

Aug 2025

Aug 19, 2025 • 5 min read

Pakistan Posts Current Account Deficit of $254 Million in July

Pakistan’s current account balance posted a deficit of $254 million in July 2025, compared to a deficit of $348 million...

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News Update

19

Aug 2025

Aug 19, 2025 • 5 min read

Pakistani Rupee Hits 3-Month High Against US Dollar

The Pakistani Rupee (PKR) on Tuesday appreciated by 05 paisa against the US Dollar (USD) in the interbank trading and cl...

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News Update

19

Aug 2025

Aug 19, 2025 • 5 min read

PSX Settles Just Below 150,000 Mark as Rally Continues

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index continued with bullish trend on Tuesday, gaining 1,574 point...

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News Update

19

Aug 2025

Aug 19, 2025 • 5 min read

PSX Crosses Record 150,000 Points in Intraday Trade

Prime Minister Muhammad Shehbaz Sharif on Tuesday expressed satisfaction over the performance of the Pakistan Stock Exch...

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News Update

19

Aug 2025

Aug 19, 2025 • 5 min read

PSO Posts Profit After Tax of Rs. 20.9 Billion in FY25

Pakistan State Oil (PSO), the nation’s trusted energy partner, successfully navigated complex market dynamics to achieve...

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News Update

19

Aug 2025

Aug 19, 2025 • 5 min read

Gold Rate in Pakistan Posts Slight Drop After Yesterday’s Increase

Gold prices in Pakistan dropped on Tuesday, following a decline in the international market. In the local market, the pr...

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News Update

19

Aug 2025

Aug 19, 2025 • 5 min read

Pakistani Call Centers Fetch Over $320 Million Export Earnings in FY25

Pakistan’s call centers maintained solid growth and expansion within the operations and revenues, which earned over $300...

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News Update

19

Aug 2025

Aug 19, 2025 • 5 min read

Fauji Foundation, KAPCO Submit Binding Offer to Acquire Majority Stake in Attock Cement

Kot Addu Power Company Limited (PSX: KAPCO) Tuesday said it has submitted a binding offer, along with Fauji Foundation (...

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News Update

19

Aug 2025

Aug 19, 2025 • 5 min read

Multiple Investors Submit Offers as Attock Cement Share Sale Progresses

Attock Cement Pakistan Limited (PSX: ACPL) Tuesday said that Pharaon Investment Group Limited, Holding S.A.L. sale of it...

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News Update

19

Aug 2025

Aug 19, 2025 • 5 min read

Pakistan Launches Upgraded Payment and Settlement System

The State Bank of Pakistan (SBP) has launched its upgraded payment and settlement system, PRISM+, advancing the country’...

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News Update

19

Aug 2025

Aug 19, 2025 • 5 min read

Govt Planning Major Change to Used Car Import Schemes

The government is considering combining the personal baggage and gift schemes for used imported cars, currently availabl...

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News Update

19

Aug 2025

Aug 19, 2025 • 5 min read

Electric Bikes Could Soon Become Much More Expensive in Pakistan

The federal government has rejected the Engineering Development Board’s (EDB) request for tax exemptions on imported par...

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News Update

19

Aug 2025

Aug 19, 2025 • 5 min read

FBR Introduces Electronic Foreign Income and Assets Declaration for Resident Individuals

The Federal Board of Revenue (FBR) has made it mandatory for the owners of immovable properties abroad to file “Electron...

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News Update

19

Aug 2025

Aug 19, 2025 • 5 min read

Systems Limited Profit Soars by 60% in Q2

Systems Limited (PSX: SYS) has posted a profit after tax (PAT) of Rs. 2,651 million (EPS: Rs. 1.81) in 2QCY25 compared t...

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News Update

19

Aug 2025

Aug 19, 2025 • 5 min read

Sitara Chemical Industries Announces Key Appointments

Sitara Chemical Industries Limited (PSX: SITC) has appointed Ahmad Hassan as chairman of the company. In a notice to the...

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