News & Updates

Profits of Listed Pharma Companies Went Up by 30% as Margins Improve

Pakistan’s listed pharmaceutical sector reported a 30 percent year-on-year rise in profits during the first quarter of F...

PTA Global Holding Ltd Acquires Majority Stake in Lotte Chemical Pakistan

UAE-based PTA Global Holding Limited has acquired a majority stake in Lotte Chemical Pakistan Limited. According to a fi...

SBP Calls for Collaboration to Accelerate Islamic and Digital Banking Transformation

Senior representatives from the State Bank of Pakistan (SBP) and commercial banks have underscored the need for deeper c...

Customs Officials Seize Crystal Meth Worth Near Rs. 1 Billion Hidden in Daewoo Bus

In a major anti-smuggling operation, the Customs Enforcement team, acting on credible information conveyed by the Deputy...

Crescent Fibres Suspends Operations At Spinning Unit in Sindh

Crescent Fibres Limited (PSX: CFL) has announced the temporary suspension of operations at its Nooriabad spinning unit i...

Rupee Barely Up 35th Day in a Row Against US Dollar As Momentum Slows

The Pakistani rupee (PKR) closed in green against the US Dollar (USD) 35th day in a row on Wednesday. Meanwhile, it post...

Mobilink Bank Wins 3rd Consecutive ‘Best Digital Banking Services’ Award (Microfinance) at CFA Society Pakistan’s Annual Excellence Awards

Pakistan’s leading digital microfinance bank, Mobilink Bank has cemented its leadership in Pakistan’s digital banking la...

Roshan Digital Account Inflows Increase to $205 Million in October 2025

Gross foreign exchange inflows through the Roshan Digital Accounts (RDAs) stood at $205 million in October 2025, up 0.5...

NFC Award Meeting Postponed Again

The meeting to discuss changes to the National Finance Commission (NFC) Award has been postponed once again, sources tol...

CCP Approves Crest Garments’ Acquisition of Standpharm Pakistan

Gold Prices in Pakistan Finally Fall After Major Increase This Week

Gold prices in Pakistan fell on Wednesday as the international market also saw a decline. In the local market, the price...

CDA to Redevelop Vacant Land in Islamabad’s F-6 and F-7 Sectors

The Capital Development Authority (CDA) has decided to redevelop and replan vacant and unutilized land pockets located i...

Federal Tribunal Cancels Benami Cases Against Omni Group Directors

A federal tribunal in Karachi has cancelled benami property cases worth billions of rupees against several directors of...

Federal Govt to Finalize Decisions for 5G Auction This Week

The federal government is preparing to convene a key meeting of the Auction Advisory Committee to finalize decisions reg...

Industry Rejects Govt’s Power Package, Warns of Factory Closures

Pakistan’s business community has strongly opposed the government’s new incremental electricity consumption package. The...

Pakistan Has Paid $2.69 Billion in Interest on IMF Loans Since 2008

Pakistan has paid a total of SDR 1.90 billion (about $2.69 billion) in interest on various International Monetary Fund (...

FBR Launches Massive AI-Driven Audit of Income Tax Returns

The Federal Board of Revenue (FBR) has decided to monitor more than 7 million income tax returns using artificial intell...

Treet to Invest Rs. 430 Million to Expand Hygiene Razor Production

Treet Corporation Limited has announced a major expansion of its Hygiene Razor segment, following a surge in sales and d...

Pakistan Receives 2nd U.S. Crude Oil Shipment

Pakistan received its second shipment of American crude oil, signaling a strategic pivot toward energy diversification a...

Customs Seizes Silver Worth Rs. 66.9 Million in Karachi Airport

The Customs officials at Jinnah International Airport, Karachi, have successfully foiled an attempt to smuggle a large q...

Cigarette Factories Ordered to Install Network Security Cameras as FBR Tightens Monitoring

The Federal Board of Revenue has ordered all tobacco manufacturing units to install IP-based CCTV cameras at designated...