News & Updates

News Update

02

Dec 2024

Dec 02, 2024 • 5 min read

NITB Uncovers Irregularities Worth Rs. 2.77 Billion in Wheat Seed Subsidy Program

Data shared by the National Information Technology Board (NITB) has uncovered major irregularities in the wheat seed sub...

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News Update

02

Dec 2024

Dec 02, 2024 • 5 min read

Economic Reforms Are Meaningless Without Population Control: Finance Minister

Finance Minister Muhammad Aurangzeb warned during a meeting of the National Assembly Standing Committee on Finance today...

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News Update

02

Dec 2024

Dec 02, 2024 • 5 min read

SBP Appoints New Director for Islamic Finance Policy

The State Bank of Pakistan (SBP) has appointed Dr. Zahid ur Rahman Khokhar, a renowned and experienced Islamic banking e...

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News Update

02

Dec 2024

Dec 02, 2024 • 5 min read

Pakistan’s Trade Deficit Down Almost 19% in November 2024 

Pakistan’s trade deficit in November 2024 narrowed by 18.60 percent year-on-year (YoY) to $1.589 billion as compared to...

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News Update

02

Dec 2024

Dec 02, 2024 • 5 min read

World Bank Rates $213 Million Flood Relief Project in Pakistan As Moderately Unsatisfactory

The World Bank (WB) has rated the overall implementation progress of the “Integrated Flood Resilience and Adaptation Pro...

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News Update

02

Dec 2024

Dec 02, 2024 • 5 min read

IRS Officers Association Says FBR’s Misguided Policies Are Causing Revenue Shortfalls

The Inland Revenue Service Officer’s Association (IRSOA) in a letter “solely and categorically” attributed the persisten...

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News Update

02

Dec 2024

Dec 02, 2024 • 5 min read

Committee Approves Budget Release of Rs. 600 Million for Ignite

Minister of State for IT and Telecommunication Shaza Fatima Khawaja chaired the 45th R&D Fund Policy Committee meeting o...

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News Update

02

Dec 2024

Dec 02, 2024 • 5 min read

Pakistan’s Inflation Falls to Lowest Level in 6.5 Years

Pakistan’s Consumer Price Index (CPI) based inflation slowed to 4.9 percent on a year-on-year basis in November 2024 as...

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News Update

02

Dec 2024

Dec 02, 2024 • 5 min read

PSX Closes At New All-Time High After Market Activity Hits 7.5 Year High

The Pakistan Stock Exchange (PSX) achieved another milestone as market activity surged to a 7.5-year high after the main...

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News Update

02

Dec 2024

Dec 02, 2024 • 5 min read

FBR Imposes New Conditions on Overseas Pakistanis for Buying and Selling Property

Overseas Pakistanis will now be required to obtain approval from the Commissioner Inland Revenue (FBR) to verify their n...

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News Update

02

Dec 2024

Dec 02, 2024 • 5 min read

Bank Alfalah Won the Third Consecutive ‘Digital Excellence’ and the ‘Best Bank for Customer Engagement’ at the PBA 2024

Bank Alfalah, a leading commercial bank in Pakistan, has been honoured by Pakistan Banking Awards (PBA) with two prestig...

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News Update

02

Dec 2024

Dec 02, 2024 • 5 min read

Govt Eyes Reducing Retirement Age to Save Rs. 1 Trillion Per Year in Pension Bills

The federal government is considering reducing the retirement age for government employees from 60 to 55 to save Rs. 1 t...

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News Update

02

Dec 2024

Dec 02, 2024 • 5 min read

Govt to Close 1,000 Loss-Making Utility Stores Nationwide

The federal government will close almost 1,000 loss-making Utility Stores across the country as part of a major restruct...

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News Update

02

Dec 2024

Dec 02, 2024 • 5 min read

Gold Rate Per Tola Declines in Pakistan Reversing Friday’s Gains

The price of gold in Pakistan posted its first decrease of December after two consecutive gains seen at the end of last...

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News Update

02

Dec 2024

Dec 02, 2024 • 5 min read

Rupee Ends 4-Day Losing Streak Against US Dollar to Start December 2024

The Pakistani rupee (PKR) closed in green to start December against the US Dollar (USD) today after opening trade at 278...

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News Update

01

Dec 2024

Dec 01, 2024 • 5 min read

SBP Governor Urges Banks to Embrace Tech And Close Gap to Agriculture, SMEs

Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, advised financial institutions to continue striving for exce...

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News Update

01

Dec 2024

Dec 01, 2024 • 5 min read

FBR Incurs. Rs. 166 Billion Shortfall in November Tax Collection

The Federal Board of Revenue (FBR) has collected Rs. 837 billion during November 2024 against the target of Rs. 1,003 bi...

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News Update

01

Dec 2024

Dec 01, 2024 • 5 min read

Donald Trump Threatens 100% Tariff on BRICS Countries If They Discard US Dollar

US President-elect Donald Trump announced on his social media platform Truth Social that he would charge a 100 percent t...

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News Update

01

Dec 2024

Dec 01, 2024 • 5 min read

PIA, Aviation Industry Lose Over Rs. 450 Billion Due to European Travel Restrictions

Pakistan International Airlines (PIA) and the aviation industry have cumulatively suffered financial losses exceeding Rs...

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News Update

30

Nov 2024

Nov 30, 2024 • 5 min read

Mobilink Bank Named ‘Best Microfinance Bank’ at Pakistan Banking Awards 2024

Pakistan’s leading digital microfinance institution, Mobilink Bank was honored as the ‘Best Microfinance Bank’ at the Pa...

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News Update

30

Nov 2024

Nov 30, 2024 • 5 min read

Govt Hikes Prices of Petrol and Diesel

The federal government has announced a slight increase in the prices of petroleum products. The price of High-speed dise...

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