News & Updates

News Update

05

Dec 2024

Dec 05, 2024 • 5 min read

PSX Races Past 108,000 Mark After Another Monstrous Single-Day Increase 

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) gained 3,134.63 points on Thursday to close at an all-t...

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News Update

05

Dec 2024

Dec 05, 2024 • 5 min read

Ongoing VPN Restrictions, Unclear Internet Policies Will Cost Pakistan $1 Billion in Damages: P@SHA

The potential short and medium-term economic impact of restrictions on Virtual Private Networks (VPN) are significant an...

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News Update

05

Dec 2024

Dec 05, 2024 • 5 min read

PSX Adds 3 Companies to Defaulters’ Segment

ARUJ Industries Limited (ARUJ), Siddiqsons Tin Plate Limited (STPL), and Saritow Spinning Mills Limited (SSML) have been...

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News Update

05

Dec 2024

Dec 05, 2024 • 5 min read

SOEs Lose Rs. 2.2 Billion Per Day, Rs. 6 Trillion in Past 10 Years: Finance Minister

Finance Minister Muhammad Aurangzeb on Thursday said state-owned enterprises (SOEs) are incurring daily losses of Rs. 2....

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News Update

05

Dec 2024

Dec 05, 2024 • 5 min read

Bitcoin Crosses $100,000 in a Historic First After Monstrous Rally

Bitcoin skyrocketed to a new all-time high after breaching the $100,000 level for the first time since its inception ear...

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News Update

05

Dec 2024

Dec 05, 2024 • 5 min read

Pakistanis Leaving the Country for Work Decrease Amid Visa Problems

The trend of Pakistani workers leaving the country witnessed a slowdown in recent months as the manpower export of the c...

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News Update

05

Dec 2024

Dec 05, 2024 • 5 min read

Govt Raised Rs. 2 Trillion Via Sukuk Auctions At PSX in 2024

In 2024, the Government raised Rs. 2 trillion from Sukuk auctions using the PSX auction system in 15 total auctions. Acc...

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News Update

05

Dec 2024

Dec 05, 2024 • 5 min read

Aurangzeb Reiterates Commitment to Loan Program in Meeting with IMF’s Resident Representative

Federal Minister for Finance Senator Muhammad Aurangzeb Thursday reiterated Pakistan’s commitment to ensuring a smooth a...

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News Update

05

Dec 2024

Dec 05, 2024 • 5 min read

STZA, Tech7 Sign Rs. 15 Billion Zone Development Agreement 

The Special Technology Zones Authority (STZA) and Tech7 (Private) Limited have signed a Zone Development Agreement value...

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News Update

05

Dec 2024

Dec 05, 2024 • 5 min read

FBR Revises Customs Value of Seasonal Fruit Exports

The Federal Board of Revenue (FBR) has revised the customs/export value of seasonal fruit including Kino from the period...

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News Update

05

Dec 2024

Dec 05, 2024 • 5 min read

Gold Rate in Pakistan Posts Slight Increase 

The price of gold in Pakistan posted a slight increase of Rs. 500 per tola on Thursday.  According to data issued by the...

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News Update

05

Dec 2024

Dec 05, 2024 • 5 min read

Saudi Arabia Extends Term for $3 Billion Deposit to Pakistan Once Again 

The Saudi Fund for Development (SFD) on behalf of the Kingdom of Saudi Arabia has extended the term for the deposit of $...

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News Update

05

Dec 2024

Dec 05, 2024 • 5 min read

SBP Reserves Cross $12 Billion for First Time Since March 2022  

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increase by $620 million on a weekly basis accord...

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News Update

05

Dec 2024

Dec 05, 2024 • 5 min read

Timely Sugar Exports Earned Pakistan Half a Billion Dollars: PM Shehbaz

Prime Minister Shehbaz Sharif Thursday directed the authorities to ensure effective and swift taxation and take strict m...

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News Update

05

Dec 2024

Dec 05, 2024 • 5 min read

Govt and 17 IPPs Reach Agreement on Hybrid ‘Take and Pay’ Model

The federal government’s task force on energy and 17 Independent Power Producers (IPPs) under the 1994 and 2002 power po...

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News Update

04

Dec 2024

Dec 04, 2024 • 5 min read

Housing Shortage in Pakistan Spikes to 2.1 Million Units: Report

There is currently a severe housing crisis in Pakistan as families and individuals face a shortage of over 2.1 million h...

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News Update

04

Dec 2024

Dec 04, 2024 • 5 min read

Sehat Kahani, Neem Partner to Transform Digital Healthcare in Pakistan With Embedded Finance

Sehat Kahani, Pakistan’s leading digital healthcare platform, has partnered with Neem, an embedded finance platform, to...

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News Update

04

Dec 2024

Dec 04, 2024 • 5 min read

Gold Rate in Pakistan Stable After Yesterday’s Increase 

The price of gold in Pakistan remained unchanged on Wednesday after posting a slight increase on Tuesday.  According to...

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News Update

04

Dec 2024

Dec 04, 2024 • 5 min read

Italy to Help Enhance Pakistan’s Olive Sector  

Pakistan and Italy have agreed to enhance Pakistan’ olive sector.  This was decided in the first Steering Committee meet...

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News Update

04

Dec 2024

Dec 04, 2024 • 5 min read

IT Minister Shaza Fatima Thanks Freelancers and Influencers for Promoting Pakistan

The Minister of State for IT and Telecommunication, Shaza Fatima Khawaja, highlighted the significant role of freelancer...

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News Update

04

Dec 2024

Dec 04, 2024 • 5 min read

Cabinet Committee Reviews Financial Performance of SOEs 

Federal Minister for Finance Senator Muhammad Aurangzeb chaired the meeting of the Cabinet Committee on State-Owned Ente...

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