News & Updates

News Update

14

Nov 2024

Nov 14, 2024 • 5 min read

Govt Subsidies on Electricity Benefit Affluent Class: Report

Government subsidies intended to make electricity affordable often benefit a broader population than intended, including...

Read Full Article

News Update

14

Nov 2024

Nov 14, 2024 • 5 min read

Gold Rate in Pakistan Records Second Huge Decrease This Week

The price of gold in Pakistan posted its second big increase during the current week as it went down by Rs. 5,500 per to...

Read Full Article

News Update

14

Nov 2024

Nov 14, 2024 • 5 min read

IHC Grants Temporary Relief to Banks With Poor Lending Record Against Govt Tax

The Islamabad High Court has granted temporary relief to around 12 banks against a government-imposed tax tied to privat...

Read Full Article

News Update

14

Nov 2024

Nov 14, 2024 • 5 min read

Sazgar to Buy Land Worth Rs. 1.5 Billion for Future Expansion

The Board of Directors of Sazgar Engineering Works Limited (PSX: SAZEW) in their meeting held today i.e. November 14, 20...

Read Full Article

News Update

14

Nov 2024

Nov 14, 2024 • 5 min read

Mini-Budget Unlikely As IMF Satisfied With Pakistan’s Growth So Far

The International Monetary Fund (IMF) is satisfied with Pakistan’s tax-to-GDP ratio increase by 1.5 percentage points wh...

Read Full Article

News Update

14

Nov 2024

Nov 14, 2024 • 5 min read

FBR Employees Raise Concerns Over Disparity in Reward Distribution in Q1 FY25

Grade 1 to 16 of the Federal Board of Revenue (FBR) has raised concerns over disparity in reward distribution during the...

Read Full Article

News Update

14

Nov 2024

Nov 14, 2024 • 5 min read

SBP Reserves Cross $11.2 Billion Mark With Another Weekly Increase 

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increase by $84 million on a weekly basis accordi...

Read Full Article

News Update

14

Nov 2024

Nov 14, 2024 • 5 min read

149 Fake and Illegal Housing Schemes Identified in Rawalpindi

In a recent survey, the Rawalpindi Development Authority (RDA) uncovered widespread fraud among private housing schemes...

Read Full Article

News Update

14

Nov 2024

Nov 14, 2024 • 5 min read

Bank Alfalah Withdraws Offer to Buy Majority Stake in Samba Bank

Bank Alfalah Limited (PSX: BAFL) has withdrawn its public announcement of intention to buy an 84.5 percent stake in Samb...

Read Full Article

News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

Pakistani Startups Raise $32 million in First 4 Months of FY2024-25

Pakistan’s startups have once again attracted the attention of investors, securing $32 million in funding from various s...

Read Full Article

News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

Key Shareholders Review Option to Divest Stake in Mitchells Fruit Farms

Two big shareholders of Mitchells Fruit Farms Limited (PSX: MFFL) holding in aggregate 40.63 percent of the issued share...

Read Full Article

News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

PM Shehbaz for Redefining Climate Finance to Help Developing Countries

Prime Minister Shehbaz Sharif on Tuesday urged the world community for redefining the global climate finance to enable c...

Read Full Article

News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

IMF Eyes Shifting Back to 3-Month Reviews As Pakistan Struggles to Achieve Targets

The International Monetary Fund (IMF) is contemplating a shift back to a quarterly review schedule for Pakistan’s $7 bil...

Read Full Article

News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

Tea Prices Set to Surge by up to Rs. 300 Per Kg

The Pakistan Tea Association (PTA) has warned that the Federal Board of Revenue’s (FBR) new minimum retail price (MRP) o...

Read Full Article

News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

IMF Asks Pakistan to Treat Foreign Investors Equally

The International Monetary Fund (IMF) has urged Pakistan to adopt a standardized approach to treat foreign investors pro...

Read Full Article

News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

Shareholders of Rousch Power Ltd Approve Early Termination of Contract With Govt

Shareholders of Rousch (Pakistan) Power Limited (RPPL)] have approved the early termination of their Power Purchase Agre...

Read Full Article

News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

Rupee Makes Huge Leap Against British Pound, Other Currencies

The Pakistani rupee (PKR) posted losses 2nd day in a row against the US Dollar (USD) today after opening trade at 278 in...

Read Full Article

News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

Meezan Bank, CashNow Join Hands to Develop Pakistan’s First Digital Islamic Supply Chain Finance Product for Suppliers

Meezan Bank, Pakistan’s leading Islamic bank, has entered into a strategic alliance with CashNow, Pakistan’s pioneering...

Read Full Article

News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

Govt Reportedly Intends to Sell PIA Under G2G Agreement Now

The federal government is reportedly working on a new plan for the privatization of the cash-strapped national flag carr...

Read Full Article

News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

CCL Holdings Wants to Buy Control in Mitchells Fruit Farms Ltd

CCL Holdings Private Limited has submitted a public announcement of intention to acquire voting shares and control of Mi...

Read Full Article

News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

Gold Rate in Pakistan Recovers Slightly After Losing Rs. 17,000 Per Tola in Recent Weeks 

The price of gold in Pakistan rose by Rs. 1,400 per tola on Wednesday after going down by over Rs. 17,000 per tola from...

Read Full Article