News & Updates

News Update

27

Nov 2024

Nov 27, 2024 • 5 min read

Gold Price in Pakistan Rebounds After Huge Losses in Last Two Days

After two days of heavy losses, the price of gold in Pakistan rebounded to post gains of Rs. 1,600 per tola on Wednesday...

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News Update

27

Nov 2024

Nov 27, 2024 • 5 min read

Islamic Banks’ Profits to Come Under Pressure Due to New SBP Requirements

In a recent directive issued by the State Bank of Pakistan (SBP), IFPD Circular No. 09 of 2024, the profit-sharing mecha...

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News Update

27

Nov 2024

Nov 27, 2024 • 5 min read

UBL Overtakes Meezan Bank as Most Valuable Bank in Pakistan

United Bank Limited (PSX: UBL) has surpassed Meezan Bank Limited (PSX: MEBL) to become the most valuable bank in Pakista...

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News Update

27

Nov 2024

Nov 27, 2024 • 5 min read

Govt Raises Rs. 616 Billion Via T-Bills, Cut-Off Yields Down up to 85 BPS

The cut-off yields on Treasury Bills (T-Bills) went down by up to 85 basis points (bps) in the auction of the paper held...

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News Update

27

Nov 2024

Nov 27, 2024 • 5 min read

PSX Posts Highest-Ever Single-Day Gain of Almost 4,700 Points, Nears 100,000 Milestone

A day after witnessing the biggest ever single-day decline, the benchmark KSE-100 Index of the Pakistan Stock Exchange (...

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News Update

27

Nov 2024

Nov 27, 2024 • 5 min read

PSX Signs MoU With IBA Karachi to Enhance Capacity Building, Data Sharing

Pakistan Stock Exchange and the Institute of Business Administration (IBA) Karachi have formalized their collaboration b...

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News Update

27

Nov 2024

Nov 27, 2024 • 5 min read

Finja Sells Off Operations to OPay

Finja has sold its operations to OPay, a leading global fintech platform. Finja was considered the pioneer startup and f...

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News Update

27

Nov 2024

Nov 27, 2024 • 5 min read

Govt Likely to Increase Power Tariff in December 2024

The government will most likely notify an effective increase of 26 paise per unit in December power tariffs due to the n...

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News Update

27

Nov 2024

Nov 27, 2024 • 5 min read

Individual Investors Can Now Directly Invest in Govt Debt Securities

The Securities and Exchange Commission of Pakistan (SECP) has informed Finance Minister Muhammad Aurangzeb that individu...

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News Update

27

Nov 2024

Nov 27, 2024 • 5 min read

Rupee Takes Big Beating Against All Top Currencies After End of Protests

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

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News Update

27

Nov 2024

Nov 27, 2024 • 5 min read

ECC Concerned About Delays in Implementation of Decisions 

Federal Minister for Finance Senator Muhammad Aurangzeb, chaired a special meeting of the Economic Coordination Committe...

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News Update

27

Nov 2024

Nov 27, 2024 • 5 min read

New Housing Societies in Punjab No Longer Need NOCs

The Punjab government has announced a major shift in the approval process for private housing societies, opting to elimi...

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News Update

27

Nov 2024

Nov 27, 2024 • 5 min read

Faysal Bank Wins Top Awards at IRBA 2024

Faysal Bank Limited (FBL), Pakistan’s leading Islamic bank, received two prestigious awards at the 10th Islamic Retail B...

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News Update

27

Nov 2024

Nov 27, 2024 • 5 min read

FBR Now Has Real Time Machine-to-Machine Data Integration with NADRA 

The Federal Board of Revenue (FBR) has created real-time machine-to-machine data integration with NADRA and also establi...

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News Update

27

Nov 2024

Nov 27, 2024 • 5 min read

PSX Posts Highest Ever Single Day Gains in 5 Months

Bulls jolted the KSE-100 index up by over 3,300 points during the first hour of trade just a day after the main bourse w...

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News Update

27

Nov 2024

Nov 27, 2024 • 5 min read

Inflation to Remain At 5.8-6.8% in November 2024

The federal government has forecasted inflation to remain within the range of 5.8 percent to 6.8 percent in November 202...

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News Update

26

Nov 2024

Nov 26, 2024 • 5 min read

Gold Rate in Pakistan Plunges Yet Again as International Prices Fall

The price of gold in Pakistan posted its second big fall in as many days on Tuesday due to a fall in international price...

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News Update

26

Nov 2024

Nov 26, 2024 • 5 min read

Finance Minister, IASB Vow to Improve Reporting Standards in Pakistan

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with a delegation of the Internatio...

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News Update

26

Nov 2024

Nov 26, 2024 • 5 min read

Rupee Ends 3-Day Win Streak Against Mighty US Dollar Amid Political Uncertainty

The Pakistani rupee (PKR) closed in red ending its 3-day winning streak against the US Dollar (USD) today after opening...

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News Update

26

Nov 2024

Nov 26, 2024 • 5 min read

Bank Alfalah Drops 5% Monthly Fee on High Value Accounts

Bank Alfalah Limited (BAFL) had decided to unilaterally withdraw the 5 percent monthly fee on month-end balances of Rs....

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News Update

26

Nov 2024

Nov 26, 2024 • 5 min read

Pakistan and Belarus to Ink 16 MoUs in Trade, Financial Intelligence, Others

The Finance Division will sign a Memorandum of Understanding (MOU) with the Financial Monitoring Unit and Financial Inte...

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