News & Updates

News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

Roshan Digital Account Inflows Cross $200 Million in October 2024

Gross foreign exchange inflows through the Roshan Digital Accounts (RDAs) stood at $204 million in October 2024, compare...

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News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

Foreign Direct Investment in Pakistan Down by 18% in October 2024

The net Foreign Direct Investment (FDI) in the country stood at $133 million in October 2024, down 18 percent compared t...

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News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

Pakistan’s Power Generation Goes up by 7% in October 2024

Pakistan’s power generation increased by 7.2 percent on a year-on-year (YoY) basis to 10,262 GWh (13,793 MW) in October...

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News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

UK Court Declares Nawaz Sharif’s Son Bankrupt

The London High Court has declared Hasan Nawaz Sharif, son of former Prime Minister Nawaz Sharif, bankrupt in a case ini...

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News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

Finance Minister Discusses Financing for Priority Sectors with SBP, PBA Chiefs 

Finance Minister Senator Muhammad Aurangzeb held a virtual meeting with the Governor State Bank of Pakistan and Chairman...

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News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

FBR Chairman Alerted of Director Internal Audit’s Alleged Fake Invoice Scam

A high court lawyer has alerted Chairman Federal Board of Revenue (FBR) of alleged corruption committed by Additional Di...

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News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

PTA Chairman Claims Registered VPNs Will Prevent Internet Shutdowns in the Future

Chairman Pakistan Telecommunication Authority (PIA) on Monday claimed that if virtual private networks (VPNs) are regist...

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News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

Fauji Fertilizer Increases Offer Price for Agritech Shares 

Fauji Fertilizer Company Ltd. (PSX: FFC) has increased the offer price for acquiring up to 151 million ordinary shares o...

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News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

Pakistan’s Real Effective Exchange Rate Jumps in October 2024

Pakistan’s Real Effective Exchange Rate (REER) increased to 100.8 in October 2024, according to data issued by the State...

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News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

Govt Asks World Bank to Restructure $200 Million Health/Education Project in Punjab

The government has approached the World Bank for restructuring the Punjab Human Capital Investment Project (PHCIP) worth...

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News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

Rupee Abruptly Ends 3-Day Win Streak Against US Dollar

The Pakistani rupee (PKR) posted losses against the US Dollar (USD) today after opening trade at 278 in the interbank ma...

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News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

CCP Approves 50% Acquisition of Total Parco by Gunvor Group 

The Competition Commission of Pakistan (CCP) has granted approval for the acquisition of 50 percent shareholding in Tota...

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News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

ADB Delegation Briefs Minister on Projects Planned for Pakistan 

A delegation of the Asian Development Bank (ADB) led by Senior Director Tariq H. Niazi called on Federal Minister for Fi...

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News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

More Banks Slap Monthly Fee on High Value Accounts

Habib Bank Limited and The Bank of Punjab have now imposed monthly fees on high-value accounts. Habib Bank has imposed a...

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News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

Fake FBR Officer, Police Caught Extorting Cigarette Transporters in Lahore

A fake tax collector along with complicit police officers and private individuals have been implicated in extorting mone...

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News Update

18

Nov 2024

Nov 18, 2024 • 5 min read

SECP Holds Inaugural Meeting of Islamic Capital Market Development Committee

The Securities and Exchange Commission of Pakistan (SECP) held the inaugural meeting of its newly established Islamic Ca...

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News Update

17

Nov 2024

Nov 17, 2024 • 5 min read

IMF Talks Constructive, No Mini-Budget on the Cards: Finance Minister

Finance Minister Muhammad Aurangzeb has ruled out any mini-budget in the coming months and said this week’s discussions...

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News Update

17

Nov 2024

Nov 17, 2024 • 5 min read

Serving and Retired Bureaucrats Get ‘Free’ Plots in One of Islamabad’s Most Expensive Sectors

Senior bureaucrats and top police officers are getting one-kanal plots in Islamabad’s posh Sector E-11 at ridiculously l...

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News Update

17

Nov 2024

Nov 17, 2024 • 5 min read

PSX to Hit 127,000 Level By December 2025: Report

Fueled by economic stability and fiscal consolidation, the Pakistan Stock Market (PSX) is set to touch 127,000 by Decemb...

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News Update

17

Nov 2024

Nov 17, 2024 • 5 min read

FBR Revokes All Powers of Customs Intelligence and Investigations Directorate

The Federal Board of Revenue (FBR) has rescinded all Customs General Orders and instructions or directions pertaining to...

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News Update

16

Nov 2024

Nov 16, 2024 • 5 min read

PTA Begins Blocking Unregistered VPNs Despite Extended Deadline

Multiple internet users across Pakistan reported on Friday night that they are experiencing restricted access to virtual...

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