News & Updates

News Update

30

Oct 2024

Oct 30, 2024 • 5 min read

PIA Auction in Jeopardy as Just One Bidder Submits Earnest Money

Only one of the six companies (Blue World City), prequalified for the privatization of Pakistan International Airlines (...

Read Full Article

News Update

30

Oct 2024

Oct 30, 2024 • 5 min read

Bank Makramah Secures Advance to Meet Regulatory Capital Requirements 

Bank Makramah Limited (PSX: BML) and Abdulla Nasser Abdulla Hussain Lootah have entered into an Agreement under which th...

Read Full Article

News Update

30

Oct 2024

Oct 30, 2024 • 5 min read

Govt Expects Inflation to Remain Within Range of 6-7% in October

The federal government expects that inflation will remain within range of 6–7 percent in October and further down to 5.5...

Read Full Article

News Update

30

Oct 2024

Oct 30, 2024 • 5 min read

Saudi Arabia to Invest Additional $600 Million in Pakistan

The Kingdom of Saudi Arabia on Wednesday announced to add another $600 million to its recently announced $2.2 billion in...

Read Full Article

News Update

30

Oct 2024

Oct 30, 2024 • 5 min read

KSE-100 Index Companies Post Earnings of Rs. 403 Billion in 1QFY25

KSE 100 index companies posted earnings of Rs. 403 billion in 1QFY25 down 14 percent compared to Rs. 468 billion in 1QFY...

Read Full Article

News Update

30

Oct 2024

Oct 30, 2024 • 5 min read

Gold Rate in Pakistan Breaks All Previous Records After Another Big Increase

The price of gold in Pakistan smashed yet another record on Wednesday as it neared the Rs. 290,000 per tola mark.  Accor...

Read Full Article

News Update

30

Oct 2024

Oct 30, 2024 • 5 min read

State Minister Pledges Govt Support to Strengthen CCP 

State Minister for Finance and Revenue Ali Pervaiz Malik Wednesday visited the Competition Commission of Pakistan (CCP)...

Read Full Article

News Update

30

Oct 2024

Oct 30, 2024 • 5 min read

Gas Companies Seek Price Hike of Up to 54%

Pakistan’s two gas distribution companies, Sui Southern Gas Company Limited (SSGCL) and Sui Northern Gas Pipelines Limit...

Read Full Article

News Update

30

Oct 2024

Oct 30, 2024 • 5 min read

SBP Adopts AAOIFI Shariah Standards For Islamic Banking

The State Bank of Pakistan (SBP) has adopted Accounting and Auditing Organization for Islamic Financial Institutions’ (A...

Read Full Article

News Update

30

Oct 2024

Oct 30, 2024 • 5 min read

FBR Increases Property Rates By Up to 75% Across 56 Cities in Pakistan

The Federal Board of Revenue (FBR) has upward revised values of immovable properties in all major cities across the coun...

Read Full Article

News Update

30

Oct 2024

Oct 30, 2024 • 5 min read

PM Shehbaz for Keeping Momentum to Develop Strong Pak-Saudi Economic Partnership 

Prime Minister Shehbaz Sharif Wednesday met with the Saudi Investment Minister Engr. Khalid bin Abdulaziz Al-Falih and A...

Read Full Article

News Update

30

Oct 2024

Oct 30, 2024 • 5 min read

Profit-Taking Sees PSX Lose Over 570 Points

The 100-Index of the Pakistan Stock Exchange (PSX) turned bearish on Wednesday, losing 577.52 points to close at 90,286....

Read Full Article

News Update

30

Oct 2024

Oct 30, 2024 • 5 min read

Govt’s Tax Policies Are Stifling Pakistan’s Growth

The National Tariff Policy (2019-24) was a step in the right direction but remained ineffective in removing rigidities a...

Read Full Article

News Update

30

Oct 2024

Oct 30, 2024 • 5 min read

Foreign Govts Unhappy With Pakistan’s Treatment of IPPs

Pakistan has started getting worrying messages from other foreign governments over recent “one-sided” deals with Indepen...

Read Full Article

News Update

30

Oct 2024

Oct 30, 2024 • 5 min read

NBP Profit Down by Whopping 91% in 9 Months of 2024

NBP announced its 3QCY24 earnings at Rs. 2.96 billion (EPS: Rs. 1.39), marking a significant 76 percent decline YoY, tho...

Read Full Article

News Update

30

Oct 2024

Oct 30, 2024 • 5 min read

K-Electric, SBP Collaborate to Enable Seamless Bill Payments via Raast

Accelerating the digitization of payments, the State Bank of Pakistan and K-Electric, the country’s sole private power u...

Read Full Article

News Update

30

Oct 2024

Oct 30, 2024 • 5 min read

Govt Raises Rs. 820 Billion Via T-Bills, Cut-Off Yields Down up to 140 BPS

The cut-off yields on Treasury Bills (T-Bills) went down by up to 140 basis points (bps) in the auction of the paper hel...

Read Full Article

News Update

29

Oct 2024

Oct 29, 2024 • 5 min read

Engro Corp’s Profit Declines by 48% in 9 Months of 2024

Engro Corporation Limited (PSX: ENGRO) announced its 9MCY24 financial result with a consolidated profit after tax of Rs....

Read Full Article

News Update

29

Oct 2024

Oct 29, 2024 • 5 min read

Standard Chartered Pakistan Posts Profit Growth of 3.5% in Nine Months

Standard Chartered Bank Pakistan Limited (SCBPL) delivered a strong performance, that has led to a growth of 20 percent...

Read Full Article

News Update

29

Oct 2024

Oct 29, 2024 • 5 min read

PM Invites Global Investors to Invest in Pakistan’s Future at Riyadh Summit

Prime Minister Muhammad Shehbaz Sharif on Tuesday, while underscoring the importance of knowledge-based economy driven b...

Read Full Article

News Update

29

Oct 2024

Oct 29, 2024 • 5 min read

Elphinstone Acquires Trikl to Drive WealthTech Innovation in Pakistan

Y Combinator-backed investment platform Elphinstone has announced its acquisition of Trikl, a Pakistan-based WealthTech...

Read Full Article