News & Updates

News Update

12

Nov 2024

Nov 12, 2024 • 5 min read

Bitcoin Edges Closer to $90,000 After Hitting Yet Another High

Bitcoin edged closer to $90,000 on Tuesday after soaring to yet another high of $89,640 during early-morning trade as in...

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News Update

12

Nov 2024

Nov 12, 2024 • 5 min read

IMF Expected to Grill FBR Today on Failing to Collect Rs. 17 Billion from Traders

The International Monetary Fund (IMF) delegation will meet with the Federal Board of Revenue (FBR) today to discuss its...

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News Update

12

Nov 2024

Nov 12, 2024 • 5 min read

TPL Corp and Abhi Get SBP Approval to Jointly Acquire FINCA Microfinance Bank

TPL Corp Limited (PSX: TPL) and Abhi Private Limited have received final approval from the State Bank of Pakistan (SBP)...

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News Update

12

Nov 2024

Nov 12, 2024 • 5 min read

ECC Approves Rs. 17 Billion to Clear Pending Liabilities of Agency Partners of Pakistan Post Office 

Federal Minister for Finance Senator Muhammad Aurangzeb chaired a meeting of the Economic Coordination Committee (ECC) o...

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News Update

12

Nov 2024

Nov 12, 2024 • 5 min read

Rupee Nears 278 Against US Dollar After 2nd Consecutive Decline

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

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News Update

12

Nov 2024

Nov 12, 2024 • 5 min read

IRS Officers Association Condemns Unlawful Detention of RTO Officers in Karachi

The Inland Revenue Service Officers Association (IRSOA) has strongly condemned the recent incident involving a team led...

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News Update

12

Nov 2024

Nov 12, 2024 • 5 min read

Govt Offers Tax Breaks, Lower Import Duties for New Energy Vehicles

The federal government has initiated consultations for the New Energy Vehicle (NEV) Policy 2025-30 in a bid to reduce ca...

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News Update

12

Nov 2024

Nov 12, 2024 • 5 min read

IMF Unhappy With Solar Adoption in Pakistan

The International Monetary Fund (IMF) arrived in Islamabad on Monday and started talks with Pakistan. The IMF expressed...

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News Update

12

Nov 2024

Nov 12, 2024 • 5 min read

Pakistan, Finland Seek Stronger Trade Ties

Finland’s Ambassador to Pakistan Hannu Ripatti met Federal Minister for Commerce Jam Kamal Khan on Tuesday to discuss st...

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News Update

12

Nov 2024

Nov 12, 2024 • 5 min read

IMF Orders Pakistan to Introduce Mini-Budget or Cut Fiscal Expenditure

The International Monetary Fund (IMF) has demanded the federal government to impose a mini-budget and cover the Rs. 189...

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News Update

12

Nov 2024

Nov 12, 2024 • 5 min read

Fauji Foundation Withdraws from Acquiring Controlling Stake in Agha Steel

Fauji Foundation has withdrawn its Public Announcement of Intention to acquire shares and control of Agha Steel Industri...

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News Update

12

Nov 2024

Nov 12, 2024 • 5 min read

Pakistan’s Wheat Production Set to Decline in Next Rabi Season 

The initial forecast indicates that the production of wheat is expected to decline in the next rabi season due to the lo...

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News Update

12

Nov 2024

Nov 12, 2024 • 5 min read

Standard Chartered Delivers Bespoke Solution to Support IATA EASY PAY in Pakistan

Standard Chartered Bank (SCB) Pakistan recently implemented an improved IATA EASY PAY solution tailor-made for the Pakis...

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News Update

12

Nov 2024

Nov 12, 2024 • 5 min read

SECP Concludes Two-Day Pakistan Startup Summit

The Securities and Exchange Commission of Pakistan (SECP) Pakistan Startup Summit concluded today in Karachi.   The seco...

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News Update

12

Nov 2024

Nov 12, 2024 • 5 min read

IGI Enters Share Purchase Agreement to Buy 6% Stake in Packages Limited

IGI Holdings Limited (PSX: IGI) has entered into a Share Purchase Agreement (SPA) with Stora Enso AB for the acquisition...

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News Update

11

Nov 2024

Nov 11, 2024 • 5 min read

IT Minister Highlights Growth in IT Exports, Focus on $25 Billion Target

Pakistan’ ICT exports have shown 25 percent growth and government is committed to building on this momentum to teach the...

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News Update

11

Nov 2024

Nov 11, 2024 • 5 min read

Pak Rupee Again Depreciates Against US Dollar to Start New Week

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

11

Nov 2024

Nov 11, 2024 • 5 min read

Ignite Selects Top 10 GreenTech Startups for TechHub at COP29

The Ignite National Technology Fund has selected the top 10 GreenTech startups that will showcase their innovations at C...

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News Update

11

Nov 2024

Nov 11, 2024 • 5 min read

PBC Study Highlights Need to Focus on Efficiency-Seeking, Export-Oriented FDI

A study conducted by the Pakistan Business Council (PBC) has highlighted the need for a strategic pivot from the current...

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News Update

11

Nov 2024

Nov 11, 2024 • 5 min read

Bank Alfalah Unveils New AlfaMall with Fashion Category and Buy Now Pay Later

Bank Alfalah, one of Pakistan’s leading commercial banks, proudly announced the relaunch of AlfaMall, the bank’s premier...

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News Update

11

Nov 2024

Nov 11, 2024 • 5 min read

Pakistan’s Central Govt Debt Decreases by Over 1% in September 2024

The total public debt stock of the federal government increased by 11.7 percent on a year-on-year (YoY) basis in Septemb...

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