News & Updates

News Update

03

Dec 2024

Dec 03, 2024 • 5 min read

K-Electric Disconnects Electricity of Pakistan Railways for Defaulting on Bills

K-Electric (KE) today has disconnected Pakistan Railways’ electricity meters for failing to clear outstanding dues of Rs...

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News Update

03

Dec 2024

Dec 03, 2024 • 5 min read

Gold Price in Pakistan Records First Increase of December 2024

The price of gold in Pakistan posted its first increase in December after yesterday’s fall. According to data issued by...

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News Update

03

Dec 2024

Dec 03, 2024 • 5 min read

PSX Closes Above 104,000 Milestone As Market Activity Hits 18-Year High

The Pakistan Stock Exchange achieved another milestone as market activity surged to an 18-year high, with a traded value...

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News Update

03

Dec 2024

Dec 03, 2024 • 5 min read

JS Global Resubmits Consortium’s Intention to Acquire 83.9% Stake in Calcorp Ltd

JS Global on behalf of its clients (consortium) has submitted a fresh public announcement of intention to acquire up to...

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News Update

03

Dec 2024

Dec 03, 2024 • 5 min read

Workers’ Unions Extremely Unhappy With Govt’s Move to Close 1,000 Utility Stores

The All Pakistan Workers Alliance has strongly condemned the closure of over 1,000 Utility Stores and said this move dis...

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News Update

03

Dec 2024

Dec 03, 2024 • 5 min read

Banking Sector Advances Surge By Rs. 1.47 Trillion in October 2024

In order to avoid penalties from the banking regulator for failing the target Advance-to-Deposit ratio, banks have been...

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News Update

03

Dec 2024

Dec 03, 2024 • 5 min read

Cement Sales Grow Nearly 6% in November 2024

The total Cement sales during November 2024 were 4.146 million tons against 3.927 million tons despatched during the sam...

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News Update

03

Dec 2024

Dec 03, 2024 • 5 min read

Finance Minister Demands Action Against Cartels, Assures Full Govt Backing to CCP

Federal Minister for Finance and Revenue Muhammad Aurangzeb has directed the Competition Commission of Pakistan (CCP) to...

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News Update

03

Dec 2024

Dec 03, 2024 • 5 min read

Pakistan Needs to Fulfil 39 Conditions to Secure 2nd IMF Tranche of $1.1 Billion

The government has started mandatory asset disclosures by civil servants and their families to meet conditions for the r...

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News Update

03

Dec 2024

Dec 03, 2024 • 5 min read

Thieves Cause Power Outage in 3 Cities After Stealing Key Grid Equipment Worth Millions

Thieves caused power outages in Jamshoro, Matiari, and Dadu after stealing millions of rupees worth of brace plates from...

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News Update

03

Dec 2024

Dec 03, 2024 • 5 min read

Embracing Crypto: Pakistan’s Regulatory Struggles and the $3 Trillion Opportunity [Opinion]

Written by: Khalique Zaman, Mohtashim Ahmad Siddiqi and Humza Khan As cryptocurrency adoption surges in Pakistan, the go...

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News Update

03

Dec 2024

Dec 03, 2024 • 5 min read

SBP Likely to Slash Policy Rate by Another 200 BPS This Month: Survey

The State Bank of Pakistan (SBP) is scheduled to hold its Monetary Policy Committee (MPC) meeting on December 16, 2024....

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News Update

03

Dec 2024

Dec 03, 2024 • 5 min read

Benedicte Schilbred Fasmer Officially Assumes Role as CEO Telenor Group

Benedicte Schilbred Fasmer officially began her tenure as CEO of Telenor on December 2, 2024. Until recently, Fasmer has...

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News Update

03

Dec 2024

Dec 03, 2024 • 5 min read

Citi Pharma Partners With Mersi Farma to Boost API Manufacturing, Nutraceutical Market in Indonesia

Citi Pharma Limited and Mersi Farma (Indonesia Based Leading Pharmaceutical Company) have forged a strategic partnership...

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News Update

03

Dec 2024

Dec 03, 2024 • 5 min read

K-Electric Launches KHI Awards 2025 to Celebrate the Spirit of Service

K-Electric (KE) has announced the launch of the 4th edition of KHI Awards 2025 with a call for entries opening from Dece...

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News Update

03

Dec 2024

Dec 03, 2024 • 5 min read

Utility Stores Corporation Posts Rs. 2.5 Billion Loss in 3 Months

The Utility Stores Corporation (USC) has reported losses of Rs. 2.5 billion over the past three months due to poor gover...

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News Update

03

Dec 2024

Dec 03, 2024 • 5 min read

UBL Gets Board Approval to Merge With Silkbank

The Board of Directors of United Bank Limited (PSX: UBL) in their 252nd meeting held on Monday approved the amalgamation...

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News Update

03

Dec 2024

Dec 03, 2024 • 5 min read

Ghandhara Tyre Restarts Production Operations After Week-Long Hiatus

M/s. Ghandhara Tyre and Rubber Company Limited (PSX: GTYR) has resumed its production activities in accordance with its...

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News Update

03

Dec 2024

Dec 03, 2024 • 5 min read

MCB Bank Partners with BPC to Strengthen Digital Security with AI-Powered SmartVista Fraud Risk Management Solution

MCB Bank Limited (MCB), one of Pakistan’s leading banks, has selected BPC, a global leader in payment solutions, to stre...

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News Update

03

Dec 2024

Dec 03, 2024 • 5 min read

Banking and ATMs Suffer Amid Internet Disruption, Creating Long Queues

Customers depositing money in banks are facing difficulties due to the recent internet disruptions following the anti-go...

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News Update

03

Dec 2024

Dec 03, 2024 • 5 min read

Wasl Investment Finance Buys Awwal Modaraba Management Company

Wasl Investment Finance has acquired Awwal Modaraba Management Company from Pak-Brunei Investment Company. Awwal oversee...

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