News & Updates

News Update

06

Nov 2024

Nov 06, 2024 • 5 min read

Power Companies Want NEPRA to Hike Electricity Rates Via Quarterly Adjustments

Power distribution companies (DISCOs) have submitted an application to the National Electric Power Regulatory Authority...

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News Update

06

Nov 2024

Nov 06, 2024 • 5 min read

Silkbank Gets Board Approval to Merge With UBL

The Board of Directors of Silkbank Limited (PSX: SILK), in its meeting held on November 6, 2024, has accorded its in-pri...

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News Update

06

Nov 2024

Nov 06, 2024 • 5 min read

Coca Cola Pakistan Sales Plunge Following Boycott Calls

Coca-Cola Icecek AS reported a decline in sales across Turkey and Pakistan in July-September 2024 due to boycotts agains...

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News Update

05

Nov 2024

Nov 05, 2024 • 5 min read

dLocal Strengthens Partnership with inDrive to Redefine Payment Access in the Ride-Hailing Sector in Pakistan

The collaboration will also provide seamless access to localized payment solutions across more than 20 countries in Afri...

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News Update

05

Nov 2024

Nov 05, 2024 • 5 min read

NHA Warned Against Giving Land to Housing Societies on Motorways

The Senate Standing Committee on Communications has expressed serious concerns about granting interchanges on the motorw...

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News Update

05

Nov 2024

Nov 05, 2024 • 5 min read

Planning Minister Directs Proactive Analysis of Demand and Stocks to Maintain Prices of Essential Items

Planning Minister Ahsan Iqbal Tuesday directed the concerned quarters to conduct ‘proactive analysis’ of demand and stoc...

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News Update

05

Nov 2024

Nov 05, 2024 • 5 min read

Finance Minister Vows to Personally Overseee REMIT Program to Keep it on Track

Federal Minister for Finance and Revenue Muhammad Aurangzeb chaired a meeting of the Revenue Mobilization, Investment an...

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News Update

05

Nov 2024

Nov 05, 2024 • 5 min read

KIBOR Rates Decline Following Monetary Policy Announcement

KIBOR rates declined by 4-137 basis points (bps) across all tenors on Tuesday following the central bank’s move to cut t...

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News Update

05

Nov 2024

Nov 05, 2024 • 5 min read

Govt Faces Rs. 1 Trillion Shortfall in Electricity Sales and Purchases This Year

The federal government faces a substantial shortfall of over Rs. 1,075 billion in electricity purchases and sales this f...

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News Update

05

Nov 2024

Nov 05, 2024 • 5 min read

Meezan Bank Inks Agreement to Join International Islamic Trade Finance Corporation to Support Private Sector

Meezan Bank, Pakistan’s leading Islamic bank has signed a new strategic partnership with the International Islamic Trade...

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News Update

05

Nov 2024

Nov 05, 2024 • 5 min read

PSEB Invites Bids to Establish e-Rozgar Centers Nationwide

The Pakistan Software Export Board (PSEB) has officially called for applications to establish e-Rozgar centers across Pa...

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News Update

05

Nov 2024

Nov 05, 2024 • 5 min read

Pakistan’s Mobile Phone Manufacturing Industry Struggles with Policy and Tax Challenges

The Ministry for Industries and Production has outlined significant challenges facing Pakistan’s mobile device manufactu...

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News Update

05

Nov 2024

Nov 05, 2024 • 5 min read

PSX Surges to Record High After Policy Rate Cut 

The 100-Index of the Pakistan Stock Exchange (PSX) gained 366.32 points to close at 92,304.32 points, its highest-ever c...

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News Update

05

Nov 2024

Nov 05, 2024 • 5 min read

SECP to Hold Pakistan Startup Summit Next Week in Karachi

The Securities and Exchange Commission of Pakistan (SECP) has organized the Pakistan Startup Summit from November 11-12...

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News Update

05

Nov 2024

Nov 05, 2024 • 5 min read

No Electricity Price Reduction Expected for 6 Months

Special Assistant to PM on Power Muhammad Ali on Tuesday informed the Senate Standing Committee on Power that negotiatio...

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News Update

05

Nov 2024

Nov 05, 2024 • 5 min read

Asian Infrastructure Investment Bank Vows Policy, Budgetary Support for Pakistan

Federal Minister for Finance and Revenue Muhammad Aurangzeb held a meeting with a delegation of Asian Infrastructure Inv...

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News Update

05

Nov 2024

Nov 05, 2024 • 5 min read

Rupee Falls 2nd Day in a Row Against US Dollar After Big SBP Decision

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

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News Update

05

Nov 2024

Nov 05, 2024 • 5 min read

Here’s the Official Per Person Cost for Hajj 2025

On Tuesday, the federal cabinet approved the Hajj Policy for 2025. According to the policy, 179,210 pilgrims will perfor...

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News Update

05

Nov 2024

Nov 05, 2024 • 5 min read

Gold Rate in Pakistan Registers Slight Decline

After a slight increase yesterday, the price of gold in Pakistan fell by Rs. 500 per tola on Tuesday.  According to data...

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News Update

05

Nov 2024

Nov 05, 2024 • 5 min read

IMF Impressed With Pakistan’s Recovery So Far

The International Monetary Fund (IMF) Resident Representative in Pakistan, Esther Perez Ruiz, said the latest reforms un...

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News Update

05

Nov 2024

Nov 05, 2024 • 5 min read

Neem Secures $4 Million Credit Facility to Scale its Earned Wage Access Solution Across Pakistan

Neem, a leading embedded finance platform in Pakistan, has secured an additional $4 million credit facility from DNI gro...

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