News & Updates

News Update

29

Nov 2024

Nov 29, 2024 • 5 min read

Finance Minister Attends Meeting to Discuss Launch of 5G After American Firm’s Feedback

Federal Minister for Finance and Revenue Muhammad Aurangzeb chaired a meeting of the Advisory Committee on the Release o...

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News Update

29

Nov 2024

Nov 29, 2024 • 5 min read

Govt Drafts Big Incentive Plan for Semiconductor Industry in Violation of IMF Demand

The Ministry of Information Technology and Telecommunication has drafted a ‘Semiconductor Policy and Action Plan’ to tra...

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News Update

29

Nov 2024

Nov 29, 2024 • 5 min read

Govt Seeks 6-Month Delay on IMF Demand to Disconnect Power Plants From Gas Supply

The federal government seeks a 6-month delay in the International Monetary Fund’s (IMF) demand to disconnect captive pow...

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News Update

29

Nov 2024

Nov 29, 2024 • 5 min read

Tax Bar Association Asks FBR to Share Data of Fraudulent Refund Claimants 

Pakistan Tax Bar Association has asked the Chairman Federal Board of Revenue (FBR) to share data of fraudulent refund cl...

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News Update

29

Nov 2024

Nov 29, 2024 • 5 min read

Bull Run Continues as PSX Crosses 101,000 Mark

The 100-Index of the Pakistan Stock Exchange (PSX) gained 1,274.55 points on Friday to close at 101,357.32 points as com...

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News Update

29

Nov 2024

Nov 29, 2024 • 5 min read

Govt Likely to Extend Deadline for VPN Registration 

The federal government is likely to extend the deadline for registering Virtual Private Networks (VPNs) till end of Dece...

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News Update

29

Nov 2024

Nov 29, 2024 • 5 min read

Gold Rate in Pakistan Increases After Three Declines Earlier in the Week

The price of gold in Pakistan posted its second increase during the current week on Friday.   According to data issued b...

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News Update

29

Nov 2024

Nov 29, 2024 • 5 min read

FBR Faces Rs. 344 Billion Tax Revenue Shortfall in First 5 Months of FY25

The Federal Board of Revenue (FBR) is projected to miss its tax collection target by over Rs. 344 billion during the fir...

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News Update

29

Nov 2024

Nov 29, 2024 • 5 min read

SECP Issues Alert Against Another Fraudulent Trading Platform ‘IGIL Securities’

The Securities and Exchange Commission of Pakistan (SECP) has identified another illegal trading platform operating unde...

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News Update

29

Nov 2024

Nov 29, 2024 • 5 min read

Audit Reveals Rs. 39.67 Million Revenue Loss Due to Lapsed IT Company Registrations

The Auditor General of Pakistan has identified a significant revenue loss of Rs. 39.67 million for the Pakistan Software...

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News Update

29

Nov 2024

Nov 29, 2024 • 5 min read

SBP Orders to Enable RAAST Payments in Online Shopping Stores

The State Bank of Pakistan (SBP) has directed banks and financial institutions to enable RAAST payment system in e-comme...

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News Update

29

Nov 2024

Nov 29, 2024 • 5 min read

Pakistan Preparing Strategy to Engage With Donald Trump on Defense, Energy, Trade

The federal government is finalizing key strategy on defense, trade, health, and energy for engagement with the incoming...

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News Update

29

Nov 2024

Nov 29, 2024 • 5 min read

PPL Discovers More Gas Reserves and Condensate in Sindh

Pakistan Petroleum Limited (PSX: PPL) has announced the discovery of gas/condensate in Sujawal district, Sindh. After in...

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News Update

29

Nov 2024

Nov 29, 2024 • 5 min read

Planning Minister Calls for Timely Execution of PSDP Projects 

Federal Minister for Planning Ahsan Iqbal chaired a high-level meeting on Friday to review the first quarter progress of...

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News Update

29

Nov 2024

Nov 29, 2024 • 5 min read

Up for Sale PIA Considers Increasing Employees Salaries

Pakistan International Airlines (PIA) will deliberate on a salary increment for employees today (Friday) during an HR Co...

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News Update

29

Nov 2024

Nov 29, 2024 • 5 min read

Rupee Ends Week in Red After 4th Consecutive Decline Against Top Currencies

The Pakistani rupee (PKR) closed in red 4th day in a row against the US Dollar (USD) today after opening trade at 278 in...

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News Update

29

Nov 2024

Nov 29, 2024 • 5 min read

Weekly Inflation Decreases Slightly Due to Small Decline in Food Prices

The Sensitive Price Index (SPI) based inflation for the week ended November 28, 2024 decreased by 0.03 percent due to de...

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News Update

29

Nov 2024

Nov 29, 2024 • 5 min read

MCB Islamic Bank Wins Global Award for Best Emerging Islamic Retail Bank in Pakistan 2024

MCB Islamic Bank Ltd. is proud to announce its recognition as the “Best Emerging Islamic Retail Bank in Pakistan 2024” a...

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News Update

28

Nov 2024

Nov 28, 2024 • 5 min read

PSX Smashes All Records to Cross 100,000 Milestone

The Pakistan Stock Exchange (PSX) on Thursday smashed all records and crossed 100,000 points for the first time in histo...

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News Update

28

Nov 2024

Nov 28, 2024 • 5 min read

LESCO Faces Severe Solar Meter Shortage

Lahore Electric Supply Company (LESCO) is facing a severe crisis as the procurement of Advanced Metering Infrastructure...

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News Update

28

Nov 2024

Nov 28, 2024 • 5 min read

PM Shehbaz Credits Govt Policies and Investors for PSX Crossing 100,000 Points

Prime Minister Shehbaz Sharif on Thursday thanked investors and his economic team for helping Pakistan Stock Exchange (P...

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