News & Updates

News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

Seven Listings on PSX Generate Over Rs. 8 Billion in 2024 

Pakistan Stock Exchange (PSX) saw an increase in offerings in 2024, with the bourse witnessing 7 Initial Public Offering...

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News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

World Bank Cancels $500-600 Million Loan to Pakistan Over Unmet Energy Conditions

The World Bank has canceled $500-600 million in loans to Pakistan due to its failure to meet key conditions like revisin...

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News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

Toyota Indus Motor Company to Suspend Production Again

Indus Motor Company Limited (PSX: INDU) will temporarily suspend operations from 16 December to 31 December 31, 2024, th...

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News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

Price of Diesel Likely to Decrease This Week

MS petrol and High-Speed Diesel (HSD) prices are expected to see their prices change on Sunday. The federal government i...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

Leading Islamic Banks Host AAOIFI Chairperson to Discuss Islamic Finance Standards

Islamic banks of Pakistan, hosted a gathering in honour of H.E. Shaikh Ebrahim Bin Khalifa Al-Khalifa, Chairman Board of...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

Third Highest-Ever Single-Day Gain Propels PSX Past 114,000 Milestone 

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) gained 3,370.63 points on Thursday to close at an all-t...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

SBP Reserves Sustain $12 Billion Level After Marginal Increase

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increase by $13 million on a weekly basis accordi...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

Senior Official Fined for Withholding Information of Alcohol Sales and Permits 

The Pakistan Information Commission (PIC) has imposed a fine equivalent to ten days’ salary on the Director of Excise an...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

SBP Set to Launch New Platform for Investing Directly in Govt Securities

The State Bank of Pakistan (SBP) is set to launch a new platform, InvestPak, that will allow individuals and corporation...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

Symmetry Group Signs Up Six More Clients

Symmetry Group Limited (PSX: SYM) has signed six new clients in exchange for provision of digital services, the company...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

US Company Wants to Launch Cargo Service in Pakistan

A U.S.-based company, Barron Air, has announced plans to launch a cargo air service in Pakistan. The company has approac...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

British Firm Haleon to Start Manufacturing Its Famous Multivitamins in Pakistan

British firm Haleon’s unit in Pakistan will make multivitamin brand Centrum in the country, the company’s CEO Farhan Muh...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

Islamic Finance and Capital Markets Will Help Pakistan Achieve Stability: FM

Federal Minister for Finance and Revenue Muhammad Aurangzeb has said that Islamic finance and Islamic capital markets ca...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

European Software Giant Plans to Expand Operations in Pakistan

Relational, a European-based leading business software provider, is planning to expand its operation to Pakistan. In thi...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

Pakistan Paving Way for Islamic Financial Ecosystem: SECP Chairman

Pakistan, through holding the international Islamic capital market conference, is paving the way to transition into a su...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

Govt Directs CDA to Install EV Charging Stations At All Petrol Pumps

Federal Minister Rana Tanveer Hussain has instructed the Capital Development Authority (CDA) to install electric vehicle...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

Tax Collection from Sugar Sector Jumps Nearly 30% After Track and Trace System 

The revenue collection from the sugar sector has increased by 28.5 percent to Rs. 98 billion after implementation of the...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

Treet Corporation Completes Divestment of 11.33% Shares in TBL

Treet Corporation Limited (PSX: TREET) has completed divestment of 11.3343 percent of shares in Treet Battery Limited (T...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

Banking Sector’s ADR Improves to 47.8% in November 2024

Bank advances increased by Rs. 1.1 trillion as of November 29, 2024, according to the latest data by the State Bank of P...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

IGI Holdings Subsidiary Wants to Buy 40.6% Stake in Mitchell’s Fruit Farms

IGI Investments has informed its parent company IGI Holdings Limited (PSX: IGIHL) that it intends to buy a 40.63 percent...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

Invest2Innovate Launches Pakistan Startup Ecosystem Report 2024 

Invest2Innovate (i2i) has officially released the Pakistan Startup Ecosystem Report 2024 (PSER 2024), the fourth edition...

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