News & Updates

News Update

11

Dec 2024

Dec 11, 2024 • 5 min read

Latest IMF Nod Clears Path for PIA Privatization

The International Monetary Fund (IMF) has approved the waiver of the 18 percent sales tax on leased aircraft for Pakista...

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News Update

11

Dec 2024

Dec 11, 2024 • 5 min read

ADB Revises Pakistan’s FY25 Growth Forecast Upwards

Pakistan’s gross domestic product (GDP) growth is projected to grow further by 3 percent in fiscal year 2025 compared to...

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News Update

11

Dec 2024

Dec 11, 2024 • 5 min read

ADB Approves $330 Million for Federally Administered Social Protection Programs

The Asian Development Bank (ADB) has approved $330 million in additional financing to strengthen Pakistan’s federally ad...

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News Update

11

Dec 2024

Dec 11, 2024 • 5 min read

Rating Upgrade Will Ease Pakistan’s Access to International Markets: Finance Minister

Finance Minister Muhammad Aurangzeb informed the Senate Standing Committee on Finance and Revenue on Wednesday that a B...

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News Update

11

Dec 2024

Dec 11, 2024 • 5 min read

Pakistan, ADB Reaffirm Commitment to Mutual Cooperation, Climate Action 

Minister for Economic Affairs Ahad Cheema and Asian Development Bank (ADB) Country Director Xiaoqin (Emma) Fan on Wednes...

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News Update

11

Dec 2024

Dec 11, 2024 • 5 min read

Electricity Companies Lose Rs. 661 Billion in FY24 Due to Non-Recovery of Bills, Distribution Failures

Electricity distribution companies (DISCOs) suffered massive financial losses exceeding Rs. 661 billion in the fiscal ye...

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News Update

11

Dec 2024

Dec 11, 2024 • 5 min read

SECP Eyes 70% Women-Based Clientele By NBFMCs in Next 5 Years

The Securities and Exchange Commission of Pakistan (SECP) has unveiled the Women Equality in Finance Policy Framework (W...

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News Update

11

Dec 2024

Dec 11, 2024 • 5 min read

Here’s How Much Interest Pakistan Will Pay on IMF Loan

Pakistan will pay around a 5 percent interest rate on the International Monetary Fund’s (IMF) $7 billion new bailout pac...

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News Update

11

Dec 2024

Dec 11, 2024 • 5 min read

Gold Rate in Pakistan Posts First Big Increase of December 

The price of gold in Pakistan posted its first major increase of the current month on Wednesday.  According to local Sar...

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News Update

11

Dec 2024

Dec 11, 2024 • 5 min read

Rupee Miserably Loses More Value 2nd Day in a Row Against US Dollar

The Pakistani rupee (PKR) lost further ground 2nd day in a row against the US Dollar (USD) today after opening trade at...

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News Update

11

Dec 2024

Dec 11, 2024 • 5 min read

Telcos Want Flexible Payment and Lower Tax for 5G

Telecom operators have set prerequisites including local currency payments, staggered payment plans, and lower tax rates...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

MNCs Driving a Sustainability Revolution in Pakistan

In recent months, local brands in Pakistan have made noticeable strides in the marketplace. Still, when it comes to givi...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

FBR Seals Two More Restaurants in Islamabad Over Issuing Fake Receipts

The Regional Tax Office, Islamabad on Monday sealed two prominent restaurants in the city after citizens reported that t...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

OGRA Allows Cnergyico Pakistan to Export Surplus 40,000 Metric Tons of Furnace Oil

The Oil and Gas Regulatory Authority (OGRA) has authorized Cnergyico Pakistan Limited (CPL) to export 40,000 metric tons...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

SECP Posts Highest Monthly Company Registrations in November 2024

The Securities and Exchange Commission of Pakistan (SECP) has achieved a significant milestone, registering 3,024 new co...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

Profit-Taking Drives PSX Down by Over 1,000 Points

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) lost 1073.73 points on Tuesday to close at 108,896.65 p...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

Gold Price in Pakistan Posts Slight Gain 

The price of 24 karat per tola gold witnessed an increase of Rs. 1000 and was sold at Rs. 277,400 on Tuesday against its...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

Citi Pharma, Martin Dow to Make New Biotech Product With Top Chinese Company

Citi Pharma Limited, Martin Dow, and Kingbo Pharmatec (a leading China-based pharmaceutical company) have entered into a...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

World Bank Raises Questions on Implementation of Electricity Distribution Project 

The World Bank has raised questions on the implementation of Electricity Distribution Efficiency Improvement Project (ED...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

SBP Directs Banks to Replace OTPs With Transaction/Financial PINs

The State Bank of Pakistan (SBP) has directed all banks/MFBs to replace the requirement of one-time passwords (OTP) via...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

Govt to Pay December’s Salary and Pension Early to Christian Employees 

The federal government has decided to disburse pay and allowances/pension for the month of December 2024 in advance to a...

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