News & Updates

News Update

04

Dec 2024

Dec 04, 2024 • 5 min read

China is Pakistan’s Biggest Financier With Almost $29 Billion in Loans in 2023

The World Bank (WB) has estimated Pakistan’s total external debt stocks at $130.847 billion by end-2023 compared to $127...

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News Update

04

Dec 2024

Dec 04, 2024 • 5 min read

American Business Council Highlights Areas Requiring Policy Intervention to Foster Favorable Business Environment

Finance Minister Senator Muhammad Aurangzeb Wednesday held a meeting with a delegation from the American Business Counci...

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News Update

04

Dec 2024

Dec 04, 2024 • 5 min read

ADB, SAFCO Venture Holdings Sign $86.2 Million Deal to Boost Sustainable Aviation Fuel Production in Pakistan

The Asian Development Bank (ADB) and SAFCO Venture Holdings Limited (SAFCO) have signed a landmark $86.2 million financi...

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News Update

04

Dec 2024

Dec 04, 2024 • 5 min read

National Tax Council Reviews Measures to Enhance Agri Income Tax, Property Taxation 

A meeting of the National Tax Council (NTC) was held today at the Finance Division under the chairmanship of Federal Min...

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News Update

04

Dec 2024

Dec 04, 2024 • 5 min read

Silkbank Board Approves Merger With UBL

The Board of Directors of Silkbank (PSX: SILK) has approved the amalgamation of the bank with and into United Bank Limit...

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News Update

04

Dec 2024

Dec 04, 2024 • 5 min read

Khunjerab Pass Opens for Full-Year Trade Between Pakistan, China, Central Asia

The Khunjerab Pass has been made operational for round-the-year trade between Pakistan, China, and Central Asian Republi...

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News Update

04

Dec 2024

Dec 04, 2024 • 5 min read

PSX Sets Another Record as it Breaches 105,000 Milestone 

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) gained 545.26 points on Wednesday to close at an all-ti...

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News Update

04

Dec 2024

Dec 04, 2024 • 5 min read

Rupee Again Depreciates Against US Dollar and Other Top Currencies

The Pakistani rupee (PKR) closed in red reversing its two-day winning streak against the US Dollar (USD) today after ope...

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News Update

04

Dec 2024

Dec 04, 2024 • 5 min read

Petroleum Sales in Pakistan Hit Highest Level in Over 2 Years

Pakistan recorded OMC sales of 1.58 million tons up by 15 percent year-on-year (YoY) in November 2024. According to Topl...

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News Update

04

Dec 2024

Dec 04, 2024 • 5 min read

PIBTL Suffers Significant Infrastructure Damage Due to Fire Incident 

Pakistan International Bulk Terminal Limited (PSX: PIBTL) Wednesday that its infrastructure has suffered significant dam...

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News Update

04

Dec 2024

Dec 04, 2024 • 5 min read

Nishat Chunian Power Ltd Approves Amendments in IPP Contracts With Govt

The Board of Directors of Nishat Chunian Power Limited (PSX: NCPL) in their emergent meeting held on December 04, 2024,...

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News Update

04

Dec 2024

Dec 04, 2024 • 5 min read

Can Pakistan Break Free from Energy Financing Barriers?

Renewables First hosted a launch event on Wednesday to unveil “Derisking Pakistan’s Renewable Energy Future.” The report...

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News Update

04

Dec 2024

Dec 04, 2024 • 5 min read

Govt Could Fail to Achieve 5 Key IMF Targets Set for December-January

The federal government could miss five key targets set under the International Monetary Fund (IMF) loan program, Finance...

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News Update

04

Dec 2024

Dec 04, 2024 • 5 min read

IT Sector Loses More Than $1 Million Per Hour Due to Internet Shutdowns

Pakistan’s Information Technology sector suffered losses of more than $1 million per hour on account of the internet shu...

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News Update

04

Dec 2024

Dec 04, 2024 • 5 min read

PRL Denies Reports of Agreement for Import of Crude Oil from Russia

Pakistan Refinery Limited (PSX: PRL) Wednesday clarified that no agreements or commitments have been made by PRL to impo...

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News Update

04

Dec 2024

Dec 04, 2024 • 5 min read

Govt to Focus on Incentivization Mechanisms to Promote Housing Finance: Aurangzeb 

Federal Minister for Finance Muhammad Aurangzeb said Wednesday that the government will not revert to directed lending t...

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News Update

04

Dec 2024

Dec 04, 2024 • 5 min read

Pakistan Agrees to Import Russian Crude Oil on a Discount

Pakistan has agreed to import Russian crude oil at a discounted rate from January 2025 onward after receiving offer duri...

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News Update

04

Dec 2024

Dec 04, 2024 • 5 min read

METRO AG Delegation Calls on Finance Minister  

Federal Minister for Finance Senator Muhammad Aurangzeb held a meeting with a delegation of the METRO AG Germany that ca...

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News Update

03

Dec 2024

Dec 03, 2024 • 5 min read

Pakistan Post’s Expenditure Over 3x Higher Than Its Revenue

The National Assembly’s Standing Committee on Communications was informed on Monday that Pakistan Post was generating an...

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News Update

03

Dec 2024

Dec 03, 2024 • 5 min read

Atom Power Launches Pakistan’s First Locally Assembled Lithium-Ion Batteries

Atom Power (PRIVATE) Limited is set to revolutionize the energy storage landscape in Pakistan and beyond with the launch...

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News Update

03

Dec 2024

Dec 03, 2024 • 5 min read

Rupee Appreciates 2nd Day in a Row Against Most Currencies

The Pakistani rupee (PKR) closed in green second day in a row against the US Dollar (USD) today after opening trade at 2...

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