News & Updates

News Update

19

Nov 2024

Nov 19, 2024 • 5 min read

Gold Rate in Pakistan Posts Biggest Increase in Over Two Weeks  

The price of gold in Pakistan posted its first major increase in nearly two weeks on Tuesday.  According to data issued...

Read Full Article

News Update

19

Nov 2024

Nov 19, 2024 • 5 min read

Interest Costs to Eat Up 40% of Pakistan’s Budget By 2025: Moody’s

Interest costs in Pakistan will account for close to 40 percent of total spending in 2025, up from around a quarter in 2...

Read Full Article

News Update

19

Nov 2024

Nov 19, 2024 • 5 min read

FBR Seizes 35 Cartons of Non-Duty Paid Cigarettes in Rawalpindi

On receipt of credible information regarding non-duty paid/counterfeit cigarettes during Road surveillance, the Inland R...

Read Full Article

News Update

19

Nov 2024

Nov 19, 2024 • 5 min read

Improved Economic Indicators See PSX Close at Fresh All-Time High

The 100-Index of the Pakistan Stock Exchange (PSX) gaining 861.00 points on Tuesday to close at an all-time high at 95,8...

Read Full Article

News Update

19

Nov 2024

Nov 19, 2024 • 5 min read

SECP Issues New Directions to Modaraba Companies  

The Securities and Exchange Commission of Pakistan (SECP) has directed that every modaraba company shall ensure that the...

Read Full Article

News Update

19

Nov 2024

Nov 19, 2024 • 5 min read

Finance Ministry to Hire Consultant For External Debt Management

The Finance Division has decided to hire a consultant for External Debt to carry out external debt portfolio management...

Read Full Article

News Update

19

Nov 2024

Nov 19, 2024 • 5 min read

PTA Finally Hires Consultant for 5G Auction in Pakistan

Pakistan Telecommunication Authority (PTA) has acquired consultancy services of National Economic Research Associates In...

Read Full Article

News Update

19

Nov 2024

Nov 19, 2024 • 5 min read

IMF Finds Massive Problems in Pakistan’s Budget Making Process

The International Monetary Fund (IMF) has found massive problems in Pakistan’s budget-making and execution processes wit...

Read Full Article

News Update

19

Nov 2024

Nov 19, 2024 • 5 min read

World Bank Country Director Calls on FBR Chairman with Transformation Plan on Agenda 

World Bank Country Director Najy Benhassine visited Federal Board of Revenue (FBR) HQs today for a meeting with FBR Chai...

Read Full Article

News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

TMB/easypaisa Receives $10M Investment from Shareholders, Announces Financial Results for Q3

Telenor Microfinance Bank (TMB), operator of Pakistan’s leading digital financial services platform, easypaisa, has rece...

Read Full Article

News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

Pakistan’s Current Account Posts $349 Million Surplus in October 2024

Pakistan’s current account posted a third consecutive monthly surplus of $349 million in October 2024 compared to a defi...

Read Full Article

News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

Cotton Arrivals Down 34% As of November 15

Cotton arrivals in Pakistan fell by 34 percent on a year-on-year basis as of November 15, according to the Pakistan Cott...

Read Full Article

News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

IT Exports Up By 39% in October 2024

Pakistan recorded monthly IT exports of US$ 330 million, up by 39 percent YoY and by 13 percent MoM in October 2024. The...

Read Full Article

News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

Gold Rate in Pakistan Goes up After Last Week’s Massive Drop

The price of gold in Pakistan increased by Rs. 2,500 per tola on the opening day of the week.  According to data issued...

Read Full Article

News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

Govt to Invite Bids for PIA’s Privatization Once Again 

Privatization Min­ister Abdul Aleem Khan Monday informed the Senate Standing Committee on Privatization that the governm...

Read Full Article

News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

ADB, Pakistan Ink $500 Million Policy-based Loan for Climate and Disaster Resilience

Asian Development Bank and government of Pakistan on Monday signed $500 million policy-based loan to support climate cha...

Read Full Article

News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

Govt Hires 12 Consultants With Rs. 2 Million Salary After Firing Clerks

Amid proposals for austerity measures including downsizing clerical staff (60 percent reduction) and deletion of vacant...

Read Full Article

News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

Govt Likely to Resolve Issue of Petroleum Policy to Facilitate $5 Billion Investment

Deputy Prime Minister Ishaq Dar will preside over a meeting today on the long-delayed implementation of the amended Expl...

Read Full Article

News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

PM Satisfied with Economic Stability, Increase in Foreign Investment

Prime Minister Muhammad Shehbaz Sharif on Monday said that country’s economy was on path to stability and due to steps t...

Read Full Article

News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

AGPR, FBR to Facilitate Tax Adjustments and Credits For Salaried Individuals

Accountant General Pakistan Revenues (AGPR) and the Federal Board of Revenue (FBR) have taken a major decision to adjust...

Read Full Article

News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

PSX Gains 232 Points After Encouraging IMF Statement 

The 100-Index of the Pakistan Stock Exchange (PSX) gained 232 points on Monday to close at 94,995.67 points as compared...

Read Full Article