News & Updates

News Update

05

Nov 2024

Nov 05, 2024 • 5 min read

Govt Hurriedly Resubmits Summary for Controversial DG PSQCA Appointment

Despite objections from the Establishment Division regarding irregularities in the appointment process of the Director G...

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News Update

05

Nov 2024

Nov 05, 2024 • 5 min read

FESCO Ends Installment Payments for Electricity Bills

The Faisalabad Electric Power Supply Company (FESCO) has discontinued the option of installment payments for electricity...

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News Update

05

Nov 2024

Nov 05, 2024 • 5 min read

Farrukh H. Sabzwari Appointed As CEO Pakistan Stock Exchange

The Securities and Exchange Commission of Pakistan (SECP) has confirmed Farrukh H. Sabzwari as the new Chief Executive O...

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News Update

05

Nov 2024

Nov 05, 2024 • 5 min read

Could Solar Become the Achilles Heel of the Power Sector?

The big trend today isn’t to own the latest car but to brag about the size of the solar system at your house, and how mu...

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News Update

04

Nov 2024

Nov 04, 2024 • 5 min read

SBP Cuts Key Interest Rate 4th Time in 4 Months

The State Bank of Pakistan (SBP) announced on Monday that it has decreased the interest rate by 250 basis points to 15 p...

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News Update

04

Nov 2024

Nov 04, 2024 • 5 min read

PSX Gains 1,078 Points Before Bumper Rate Cut Announcement 

The 100-Index of the Pakistan Stock Exchange (PSX) gained 1,078.15 points on Monday to close at 91,938.01 points as comp...

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News Update

04

Nov 2024

Nov 04, 2024 • 5 min read

Can’t Sell PIA for Cheap: Privatization Minister

Federal Minister for Privatisation Abdul Aleem Khan said Pakistan International Airlines (PIA) will not be sold for chea...

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News Update

04

Nov 2024

Nov 04, 2024 • 5 min read

Pakistan’s Energy Sector Explores Partnerships at ADIPEC 2024

Leading companies from Pakistan’s oil and energy sector are set to make a strong impression at the Pakistan Pavilion at...

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News Update

04

Nov 2024

Nov 04, 2024 • 5 min read

Information Minister Uzma Bukhari Denies Reports of Punjab Govt Buying PIA

Punjab Information Minister Uzma Bokhari said on Monday that the Punjab government has no plan to buy Pakistan Internati...

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News Update

04

Nov 2024

Nov 04, 2024 • 5 min read

Govt Proposes Amendments to SBP Act to Legalize Digital Currencies in Pakistan

The federal government has proposed legalizing digital currencies in the country by making amendments to the State Bank...

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News Update

04

Nov 2024

Nov 04, 2024 • 5 min read

GCIL to Set up LPG Storage and Filling Plant

Ghani Chemical Industries Limited (PSX: GCIL) Monday announced that it is set to establish a 450 MT capacity LPG Storage...

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News Update

04

Nov 2024

Nov 04, 2024 • 5 min read

Karachi’s Traders Want to Buy PIA: Sindh Governor

Sindh Governor Kamran Tessori revealed that a group of Karachi-based traders want to buy Pakistan International Airlines...

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News Update

04

Nov 2024

Nov 04, 2024 • 5 min read

Gold Rate in Pakistan Goes up Slightly, Just Below Record High

The price of gold in Pakistan increased slightly on the opening day of the week.  According to data issued by the All-Si...

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News Update

04

Nov 2024

Nov 04, 2024 • 5 min read

New ADB Country Director Calls on Finance Minister 

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with Emma Fan, new Country Director o...

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News Update

04

Nov 2024

Nov 04, 2024 • 5 min read

Govt to Save Rs. 1.3 Trillion in Interest Expense Due to Lower Interest Rate

The federal government is likely to save around Rs. 1.3 trillion or 1 percent of the GDP due to a decline in interest ra...

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News Update

04

Nov 2024

Nov 04, 2024 • 5 min read

MSCI Likely to Add 4 More PSX Companies to its Indices in November

MSCI is scheduled to announce its November 2024 Index review on November 06, 2024, to add four more PSX companies to its...

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News Update

04

Nov 2024

Nov 04, 2024 • 5 min read

Rupee Starts Week With Losses Against All Major Currencies Ahead of SBP Decision

The Pakistani rupee (PKR) posted losses to start week against the US Dollar (USD) to end the week today after opening tr...

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News Update

04

Nov 2024

Nov 04, 2024 • 5 min read

Cotton Import Bill to Rise 3.9x in FY25 As Local Production Declines by 37%

Cotton arrivals in Pakistan are down by 37 percent year-on-year (YoY) to 4.29 million bales as of October 31, 2024, comp...

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News Update

04

Nov 2024

Nov 04, 2024 • 5 min read

Govt Spent Rs. 2.7 Billion on Beautifying Islamabad for SCO Summit

The federal government spent Rs. 2.7 billion on beautifying Islamabad for the Shanghai Cooperation Organization (SCO) su...

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News Update

04

Nov 2024

Nov 04, 2024 • 5 min read

Punjab Govt Approves Rs. 3.433 Billion for Expanding Model Bazaars in 13 Cities

The Punjab Government has sanctioned an allocation of Rs. 3.433 billion for establishing Model Bazaars in 13 cities, aim...

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News Update

04

Nov 2024

Nov 04, 2024 • 5 min read

Moody’s, S&P, Others Will Further Improve Pakistan’s Rating: Report

Pakistan’s economy is gradually stabilizing with the new IMF program as external accounts are showing substantial improv...

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