News & Updates

News Update

04

Nov 2024

Nov 04, 2024 • 5 min read

Cement Sales Grow Nearly 9% in October 2024 Due to Higher Exports 

The total Cement despatches during October 2024 were 4.357 million tons against 4.006 million tons despatched during the...

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News Update

04

Nov 2024

Nov 04, 2024 • 5 min read

PPL Receives License for Commencing Production At Sui Gas Field

Pakistan Petroleum Limited (PSX: PPL) has been granted a Development and Production Lease (D&PL) over the Sui Gas Field,...

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News Update

04

Nov 2024

Nov 04, 2024 • 5 min read

Pakistan’s Exports of Sports Goods Increase by 2% in Three Months of FY25

The export of sport goods from the country witnessed an increase of 2.13 percent during the first three months of the cu...

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News Update

04

Nov 2024

Nov 04, 2024 • 5 min read

Finance Minister Meets TPG Capital to Discuss Investment Opportunities

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with TPG Capital led by Jide Olanrewa...

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News Update

03

Nov 2024

Nov 03, 2024 • 5 min read

Pakistan, Germany Ink €20 Million Agreement for Phase II of Billion Tree Project

The Federal Republic of Germany will provide €20 million for the second phase of the Billion Tree Afforestation Support...

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News Update

03

Nov 2024

Nov 03, 2024 • 5 min read

FBR Increases Sales Tax on Both Local and Imported Tea

The Federal Board of Revenue (FBR) has fixed Rs. 1,200 per kg as the minimum retail price of imported and local supply o...

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News Update

03

Nov 2024

Nov 03, 2024 • 5 min read

World Bank’s $213 Million Project for Flood Victims in Pakistan Likely to Be Restructured

The World Bank’s “Integrated Flood Resilience and Adaptation Project (IFRAP)” worth $213 million is likely to be restruc...

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News Update

03

Nov 2024

Nov 03, 2024 • 5 min read

Pakistan’s Growth Outlook Positive But Financing Needs, Inflation Pose Big Risks: IMF

Economies in the Middle East and North Africa (MENA) region and Pakistan face a fragile recovery amid global geoeconomic...

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News Update

03

Nov 2024

Nov 03, 2024 • 5 min read

SECP Expands Scope of Eligibility for Appointing CFOs At Insurance Companies

The Securities and Exchange Commission of Pakistan (SECP) has expanded the scope of eligibility criteria for appointment...

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News Update

03

Nov 2024

Nov 03, 2024 • 5 min read

CM Maryam Suggests Her Father to Buy and Rebrand PIA as Air Punjab

Chief Minister of Punjab Maryam Nawaz has sought her father Nawaz Sharif’s assistance in saving the national flag carrie...

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News Update

01

Nov 2024

Nov 01, 2024 • 5 min read

Pakistan’s Trade Deficit Falls by Over 30% in October 2024 

Pakistan’s trade deficit stood at $1.498 billion in October 2024, down 31 percent compared to deficit of $2.174 billion...

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News Update

01

Nov 2024

Nov 01, 2024 • 5 min read

Rupee Reverses 4-Day Losing Streak Against US Dollar to End Tough Week

The Pakistani rupee (PKR) posted gains to end its 4-day losing streak against the US Dollar (USD) today after opening tr...

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News Update

01

Nov 2024

Nov 01, 2024 • 5 min read

Khyber Pakhtunkhwa Govt Expresses Interest in Buying PIA

The Khyber Pakhtunkhwa Board of Investment and Trade (KP-BOIT) Friday express its interest in participating in the biddi...

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News Update

01

Nov 2024

Nov 01, 2024 • 5 min read

New Policy Being Devised to Boost Pakistan’s Mobile Exports, NA Told

The National Assembly was informed on Friday that a new policy for Mobile Device Manufacturing and Export is being devis...

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News Update

01

Nov 2024

Nov 01, 2024 • 5 min read

SBP Issues Pilot Approval for EMI Operations to UAE Based FX Payment System

The State Bank of Pakistan has approved the pilot operations of Hubpay (Private) Limited as an Electronic Money Institut...

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News Update

01

Nov 2024

Nov 01, 2024 • 5 min read

PM Shehbaz Invites Qatari Businessmen to Invest in Pakistan’s Energy Sector

Prime Minister Muhammad Shehbaz Sharif Friday met a delegation of the Qatar Businessmen Association (QBA) where he highl...

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News Update

01

Nov 2024

Nov 01, 2024 • 5 min read

LHC Backs CCP’s Role in Regulating Competition, Dismisses Challenge

The Lahore High Court, headed by Justice Jawad Hassan, has upheld the validity of show-cause notices issued by the Compe...

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News Update

01

Nov 2024

Nov 01, 2024 • 5 min read

UBL Submits Offer to Merge With Silkbank

United Bank Limited (PSX: UBL) has submitted an offer to Silkbank Limited (PSX: SILK) for the amalgamation of Silkbank w...

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News Update

01

Nov 2024

Nov 01, 2024 • 5 min read

Information Minister Claims Qatar Will Invest $3 Billion in Pakistan

Minister for Information and Broadcasting Attaullah Tarar Friday said Qatar would make an investment of $3 billion in di...

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News Update

01

Nov 2024

Nov 01, 2024 • 5 min read

Pakistan’s Inflation Slows to 7.2% in October 2024

Pakistan’s Consumer Price Index (CPI) based inflation slowed to 7.2 percent on a year-on-year basis in October 2024 as c...

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News Update

01

Nov 2024

Nov 01, 2024 • 5 min read

Over $10 Million in Business Deals Signed At Food Asia Expo in Karachi

The 17th edition of the Plastic Packaging, Corrugated, and Food Asia International exhibition and conferences recorded o...

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