News & Updates

News Update

31

Oct 2024

Oct 31, 2024 • 5 min read

Rupee Takes Small Hits 4th Day in a Row Against US Dollar

The Pakistani rupee (PKR) posted small losses 4th day in a row against the US Dollar (USD) today after opening trade at...

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News Update

31

Oct 2024

Oct 31, 2024 • 5 min read

Pakistan Posts Fiscal Surplus For the First Time in 21 Years

Pakistan has reported a fiscal surplus of Rs. 1.7 trillion or 1.4 percent of GDP and a primary surplus of Rs. 3 trillion...

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News Update

31

Oct 2024

Oct 31, 2024 • 5 min read

Germany Asks Army Chief General Asim Munir to Help With IPP Settlement

German envoy Alfred Grannas has asked Chief of Army Staff General Asim Munir to help renegotiate contract termination fo...

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News Update

31

Oct 2024

Oct 31, 2024 • 5 min read

Pakistan in Poor Shape Ahead of First IMF Review

Pakistan’s economic framework is out of balance as it prepares for the first review of its $7 billion bailout program wi...

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News Update

31

Oct 2024

Oct 31, 2024 • 5 min read

Only 22% CSR Funds of Petroleum Companies Used for Social Welfare

The National Assembly Standing Committee on Energy on Thursday was informed that just 22 percent of the corporate social...

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News Update

31

Oct 2024

Oct 31, 2024 • 5 min read

SBP Reserves Strengthen Further, Hit $11.15 Billion

The foreign exchange reserves held by the State Bank of Pakistan (SBP) posted an increase of $116 million on a weekly ba...

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News Update

31

Oct 2024

Oct 31, 2024 • 5 min read

Gold Price in Pakistan Eases After Hitting Record High

The price of gold in Pakistan dropped slightly on Thursday from the record high of Rs. 287,900 per tola recorded a day e...

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News Update

31

Oct 2024

Oct 31, 2024 • 5 min read

Planning Minister Chairs Progress Review Meeting on CPEC Projects

Federal Minister for Planning Ahsan Iqbal Thursday chaired a high-level meeting to review the progress of ongoing projec...

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News Update

31

Oct 2024

Oct 31, 2024 • 5 min read

Janana De Malucho Textile Mills Shuts Down Operations Due to Costly Electricity, Cotton Shortage

Janana De Malucho Textile Mills Limited (PSX: JDMT) has decided to stop production activities citing prevailing economic...

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News Update

31

Oct 2024

Oct 31, 2024 • 5 min read

Mari Petroleum Posts Rs. 19.2 Billion Profit for Q1 FY25

Mari Petroleum Company Limited (PSX: MARI) announced its financial result today, posting a profit after tax of Rs. 19.20...

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News Update

31

Oct 2024

Oct 31, 2024 • 5 min read

KSE-100 Index Posts 2024’s Highest Monthly Return in October 2024

The Pakistan Stock Exchange (PSX) posted the highest-ever monthly gain in points in 11 months in October 2024, with the...

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News Update

31

Oct 2024

Oct 31, 2024 • 5 min read

Hubco to Install EV Charging Stations on Motorways, Highways, Major Cities

The Hub Power Company Limited (PSX: HUBC) has announced plans to install electric charging stations across the country,...

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News Update

31

Oct 2024

Oct 31, 2024 • 5 min read

Govt to Launch New Package Next Month to Revive Construction Industry

Prime Minister Shahbaz Sharif is preparing a construction package to revive Pakistan’s construction sector which is expe...

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News Update

31

Oct 2024

Oct 31, 2024 • 5 min read

Telenor Pakistan’s Revenue Increased by 6.7% to Rs. 30.11 Billion in Q3 2024

Telenor Pakistan posted revenue growth of 6.7 percent on a year-on-year basis during the third quarter of 2024, taking t...

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News Update

31

Oct 2024

Oct 31, 2024 • 5 min read

PM Shehbaz, Qatari PM Discuss Trade, Investment Cooperation 

Prime Minister Shehbaz Sharif on Thursday met his Qatari counterpart Sheikh Mohammed bin Abdulrahman Al-Thani wherein th...

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News Update

31

Oct 2024

Oct 31, 2024 • 5 min read

Blue World City Refuses to Increase Rs. 10 Billion Offer for PIA

Real estate developer Blue World City has refused to increase its bid of Rs. 10 billion to acquire majority share in Pak...

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News Update

30

Oct 2024

Oct 30, 2024 • 5 min read

Pakistan’s Edtech Knowledge Platform Merges With Kenya’s Eneza Education

Pakistan’s leading edtech venture Knowledge Platform and Kenya’s leading edtech venture Eneza Education have merged to f...

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News Update

30

Oct 2024

Oct 30, 2024 • 5 min read

LESCO Exposes Major Unpaid Bills Among Government Departments

The Lahore Electric Supply Company (LESCO) has named several federal and provincial government departments that have yet...

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News Update

30

Oct 2024

Oct 30, 2024 • 5 min read

FBR Strongly Opposes KP Govt’s 2% Development Cess on Export Consignments

The Federal Board of Revenue (FBR) has strongly opposed the imposition of a 2 percent Infrastructure Development Cess (I...

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News Update

30

Oct 2024

Oct 30, 2024 • 5 min read

Ishaq Dar Wants to Bring Dollar at Rs. 235

Deputy Prime Minister and Foreign Minister Ishaq Dar has strongly voiced his feelings against supporters of a free-float...

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News Update

30

Oct 2024

Oct 30, 2024 • 5 min read

Bank Alfalah Launches New Alfa App and Pakistan’s First Digital Cheque Deposit Kiosk

Bank Alfalah, a leading commercial bank in Pakistan, announced the launch of its new mobile banking application, Alfa. N...

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