News Update

28

Nov 2024

Nov 28, 2024 • 5 min read

SBP Reserves Near $11.5 Billion After Increase of Over $130 Million in One Week

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increase by $131 million on a weekly basis accord...

Read Full Article

News Update

28

Nov 2024

Nov 28, 2024 • 5 min read

CCP Approves Merger of Millat Equipment Limited with Millat Tractors Limited

The Competition Commission of Pakistan (CCP) has granted approval for the merger of Millat Equipment Limited (MEL) with...

Read Full Article

News Update

28

Nov 2024

Nov 28, 2024 • 5 min read

Gold Rate in Pakistan Falls for Third Time This Week After Yesterday’s Rebound

After posting the first increase of the week on Wednesday, the price of gold in Pakistan fell again on Thursday. Accor...

Read Full Article

News Update

28

Nov 2024

Nov 28, 2024 • 5 min read

Masato Kanda Elected As New ADB President

The Asian Development Bank (ADB) Board of Governors has unanimously elected Masato Kanda as ADB’s 11th President. Kanda,...

Read Full Article

News Update

28

Nov 2024

Nov 28, 2024 • 5 min read

Mari Petroleum Seeks Shareholder Approval to Change Name to Mari Energies Limited

Mari Petroleum Company Limited (PSX: MARI) seeks shareholders’ approval to change its name to Mari Energies Limited. The...

Read Full Article

News Update

28

Nov 2024

Nov 28, 2024 • 5 min read

Govt Likely to Increase Petrol and Diesel Prices This Week

MS petrol and High-Speed Diesel (HSD) prices are expected to rise this week due to volatility in international oil price...

Read Full Article

News Update

28

Nov 2024

Nov 28, 2024 • 5 min read

Zeeshan Rehman Khattak Appointed As SECP Commissioner

The Securities & Exchange Commission of Pakistan (SECP) has confirmed Zeeshan Rehman Khattak as Commissioner SECP, after...

Read Full Article

News Update

28

Nov 2024

Nov 28, 2024 • 5 min read

IESCO Extends Deadline for Electricity Bill Payments

The Islamabad Electric Supply Company (IESCO) has announced an extension for electricity bill payments due to disruption...

Read Full Article

News Update

28

Nov 2024

Nov 28, 2024 • 5 min read

Pakistan Receives $500 Million Loan from ADB

The State Bank of Pakistan (SBP) Thursday received $500 million from Asian Development Bank (ADB) as proceeds of a loan...

Read Full Article

News Update

28

Nov 2024

Nov 28, 2024 • 5 min read

Bank Makramah to Amalgamate with Global Haly Development Ltd

The board of directors of Bank Makramah Limited (PSX: BML) has approved the Scheme of Arrangement for the restructuring...

Read Full Article

News Update

28

Nov 2024

Nov 28, 2024 • 5 min read

6-Month KIBOR Down to 31-Month Low

The 6M Karachi Inter-Bank Offered Rate (KIBOR) is currently trading blows at 12.88 percent as of November 28, 2024, acco...

Read Full Article

News Update

28

Nov 2024

Nov 28, 2024 • 5 min read

Bank Branches Processing Hajj Applications Will Be Open on Saturday and Sunday

Designated banks will keep their concerned branches open on Saturday (Nov 30) and Sunday (Dec 1) throughout the country...

Read Full Article

News Update

28

Nov 2024

Nov 28, 2024 • 5 min read

HTL Starts Producing High-End Lubricants After MoU With South Korean Supplier

Hi-Tech Lubricants Limited (PSX: HTL) has started blending specific international quality/high-end synthetic lubricant p...

Read Full Article

News Update

28

Nov 2024

Nov 28, 2024 • 5 min read

Rupee Continues Losing Streak 3rd Day in a Row Against Major Currencies

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

Read Full Article

News Update

28

Nov 2024

Nov 28, 2024 • 5 min read

Cherat Packaging Completes Sale of Papersack Production Line

Cherat Packaging Limited (PSX: CPPL) has successfully completed the sale of its Papersack production line (Line III), re...

Read Full Article

News Update

28

Nov 2024

Nov 28, 2024 • 5 min read

Routine Slow Internet Speeds to Have Far-Reaching Consequences for Economy, Warns WISPAP Chief

Five months into widespread internet disruptions, Pakistan’s digital community remains trapped in a web of slow speeds a...

Read Full Article

News Update

28

Nov 2024

Nov 28, 2024 • 5 min read

Carpet Manufacturers Seek Relief in Customs Tariffs

The Pakistan Carpet Manufacturers and Exporters Association (PCMEA) met with Federal Minister for Commerce Jam Kamal Kha...

Read Full Article

News Update

28

Nov 2024

Nov 28, 2024 • 5 min read

PSX Closes At All-Time High After Surging Past 100,000 Barrier

A day after posting the highest-ever single-day gain of almost 4,700 points, the benchmark KSE-100 Index of the Pakistan...

Read Full Article

News Update

27

Nov 2024

Nov 27, 2024 • 5 min read

PPL Reports Big Increase in Production of Natural Gas, Oil, LPG

Pakistan Petroleum Limited (PSX: PPL) today announced a big increase in hydrocarbon production and committed to the coun...

Read Full Article

News Update

27

Nov 2024

Nov 27, 2024 • 5 min read

Bank Loans for Buying Cars Down 10.7% in October 2024

Car financing increased by Rs. 8 billion by the end of October to Rs. 236 billion compared to Rs. 228 billion in the pre...

Read Full Article

News Update

27

Nov 2024

Nov 27, 2024 • 5 min read

Profit Repatriation Surges by 66% in First Four Months of FY25

The repatriation of profits and dividends from foreign investments in Pakistan increased to $807 million in July-October...

Read Full Article

News & Updates

SBP Reserves Near $11.5 Billion After Increase of Over $130 Million in One Week

CCP Approves Merger of Millat Equipment Limited with Millat Tractors Limited

Gold Rate in Pakistan Falls for Third Time This Week After Yesterday’s Rebound

Masato Kanda Elected As New ADB President

Mari Petroleum Seeks Shareholder Approval to Change Name to Mari Energies Limited

Govt Likely to Increase Petrol and Diesel Prices This Week

Zeeshan Rehman Khattak Appointed As SECP Commissioner

IESCO Extends Deadline for Electricity Bill Payments

Pakistan Receives $500 Million Loan from ADB

Bank Makramah to Amalgamate with Global Haly Development Ltd

6-Month KIBOR Down to 31-Month Low

Bank Branches Processing Hajj Applications Will Be Open on Saturday and Sunday

HTL Starts Producing High-End Lubricants After MoU With South Korean Supplier

Rupee Continues Losing Streak 3rd Day in a Row Against Major Currencies

Cherat Packaging Completes Sale of Papersack Production Line

Routine Slow Internet Speeds to Have Far-Reaching Consequences for Economy, Warns WISPAP Chief

Carpet Manufacturers Seek Relief in Customs Tariffs

PSX Closes At All-Time High After Surging Past 100,000 Barrier

PPL Reports Big Increase in Production of Natural Gas, Oil, LPG

Bank Loans for Buying Cars Down 10.7% in October 2024

Profit Repatriation Surges by 66% in First Four Months of FY25

Need Expert Legal Counsel?