News & Updates

News Update

25

Nov 2024

Nov 25, 2024 • 5 min read

FPCCI Says New Law Needed for OGRA in Context of LPG Supply Chain 

Federation of Pakistan Chambers of Commerce & Industry (FPCCI) President Atif Ikram Sheikh has said that the country nee...

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News Update

25

Nov 2024

Nov 25, 2024 • 5 min read

FBR Unlikely to Meet Tax Collection Target for November 

The Federal Board of Revenue (FBR) is facing an uphill task in meeting tax collection target of Rs. 1,003 billion for No...

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News Update

25

Nov 2024

Nov 25, 2024 • 5 min read

Mughal Energy Limited to Issue Sukuk Worth Rs. 2.5 Billion 

The Board of Directors of Mughal Energy Limited (PSX: GEMMEL) has approved the amendments to the terms/structure of the...

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News Update

25

Nov 2024

Nov 25, 2024 • 5 min read

NETSOL Decides to Sell 2 Million Treasury Shares to Its Employees

The Board of Directors of NetSol Technologies Limited PSX: NETSOL) in its meeting held today i.e., November 25, 2024, ha...

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News Update

25

Nov 2024

Nov 25, 2024 • 5 min read

PKR Makes Big Gains Against Euro, Other Currencies To Begin Week

The Pakistani rupee (PKR) closed in green 3rd day in a row against the US Dollar (USD) today after opening trade at 278...

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News Update

25

Nov 2024

Nov 25, 2024 • 5 min read

Citi Pharma Ltd Decides to Relocate Hospital

Citi Pharma Ltd (PSX: CPHL) has decided to relocate its hospital to a new location in Lahore. CPHL has decided to approv...

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News Update

25

Nov 2024

Nov 25, 2024 • 5 min read

New SBP Guidelines Restrict Shariah Board Members to Single Islamic Bank

State Bank of Pakistan (SBP) has revised the terms and conditions for the appointment of Shariah scholars for Islamic ba...

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News Update

25

Nov 2024

Nov 25, 2024 • 5 min read

GCIL Shareholders Approve Scheme for Demerger, Merger 

The shareholders of Ghani Chemical Industries Limited (PSX: GCIL) have unanimously approved the Scheme of Compromise, Ar...

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News Update

25

Nov 2024

Nov 25, 2024 • 5 min read

Gold Price in Pakistan Plummets After Gaining Over Rs. 15,000 Per Tola Last Week 

The price of gold in Pakistan posted a significant decline on Monday after surging by over Rs. 15,000 per tola last week...

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News Update

25

Nov 2024

Nov 25, 2024 • 5 min read

Exploration Companies Incur Over Rs. 50 Billion in Losses

Exploration and Production (E&P) companies in Pakistan have incurred over Rs. 50 billion in losses between 2021 and 2024...

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News Update

25

Nov 2024

Nov 25, 2024 • 5 min read

ECNEC Approves Development Projects Worth Over Rs. 172 Billion 

The Executive Committee of National Economic Council (ECNEC) on Monday approved 10 out of 11 proposed development projec...

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News Update

25

Nov 2024

Nov 25, 2024 • 5 min read

PSX Gains 281 Points to Close Above 98,000 Milestone 

The 100-Index of the Pakistan Stock Exchange (PSX) gained 281.55 points to close at highest-ever level of 98,079.78 poin...

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News Update

25

Nov 2024

Nov 25, 2024 • 5 min read

PNSC Plans to Acquire New Aframax Vessels by 2028

Pakistan National Shipping Corporation (PNSC) is pursuing the acquisition of new Aframax ships to enhance its maritime c...

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News Update

24

Nov 2024

Nov 24, 2024 • 5 min read

Workers’ Remittances Likely to Hit $36 Billion in Current Fiscal Year

Foreign worker remittances are likely to hit $36 billion during the current fiscal year. Worker remittances in the first...

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News Update

24

Nov 2024

Nov 24, 2024 • 5 min read

SBP Seals NBP Branch Due to Presence of Fake Currency Notes

The State Bank of Pakistan (SBP) has sealed the Hafizabad branch of the National Bank of Pakistan (NBP) after detecting...

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News Update

24

Nov 2024

Nov 24, 2024 • 5 min read

Pakistan’s Mobile Phone Imports Decline By 13.6% in First 4 Months of FY25

The country imported mobile phones worth $420.799 million in the first four months (July-October) of the current fiscal...

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News Update

24

Nov 2024

Nov 24, 2024 • 5 min read

Pakistan Loses Rs. 190 Billion Daily Due to Govt’s Panic-Induced Lockdowns

Pakistan incurs a staggering economic loss of Rs. 190 billion on a daily basis due to lockdowns unnecessarily imposed by...

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News Update

24

Nov 2024

Nov 24, 2024 • 5 min read

AGP Orders CDA to Probe Illegal Auction of Commercial Plots Worth Rs. 37.8 Billion

The Auditor General of Pakistan (AGP) has recommended that the Capital Development Authority (CDA) conduct an inquiry in...

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News Update

23

Nov 2024

Nov 23, 2024 • 5 min read

Punjab to Distribute Three-Marla Plots for Low-Income Families

Punjab Chief Minister Maryam Nawaz Sharif has approved a new initiative to allocate three Marla plots to residents acros...

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News Update

22

Nov 2024

Nov 22, 2024 • 5 min read

Pakistan’s Per Capita Income Lowest in the Region

Pakistan’s per capita income remains the lowest among regional peers like India and Bangladesh. According to documents s...

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News Update

22

Nov 2024

Nov 22, 2024 • 5 min read

PSX Emerges as World’s Second-Best Performing Market in 2024

The Pakistan Stock Exchange (PSX) has emerged as the second-best performing market in the world during the current calen...

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