News & Updates

News Update

29

Oct 2024

Oct 29, 2024 • 5 min read

Pakistan Railways Seeks 130% Increase in Budget for Importing Over 1,000 Bogies

Pakistan Railways (PR) has requested a 130 percent increase in its budget from Rs. 31 billion to Rs. 71 billion for proc...

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News Update

29

Oct 2024

Oct 29, 2024 • 5 min read

ADB Approves $500 Million Loan to Support Climate Resilience in Pakistan

The Asian Development Bank (ADB) has approved a $500 million policy-based loan to support climate change and disaster ri...

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News Update

29

Oct 2024

Oct 29, 2024 • 5 min read

PM Shehbaz, Finance Minister Leave for Saudi Arabia for More Investment Talks

Prime Minister Shehbaz Sharif and Finance Minister Muhammad Aurangzeb on Tuesday left on a two-day tour of Saudi Arabia...

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News Update

29

Oct 2024

Oct 29, 2024 • 5 min read

PSX Maintains Bullish Momentum, Closes at New All-Time High

The 100-Index of the Pakistan Stock Exchange (PSX) gained 668.57 points to close at 90,864.09, its highest-ever closing....

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News Update

29

Oct 2024

Oct 29, 2024 • 5 min read

SECP Engages with Punjab and Sindh to Advance Insured Pakistan Initiative

After Balochistan and Khyber Pakhtunkhwa, the Securities and Exchange Commission of Pakistan (SECP), as part of its five...

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News Update

29

Oct 2024

Oct 29, 2024 • 5 min read

Ghazi Fabrics Limits Production Due to Costly Electricity, Non-Availability of Quality Cotton 

Textile firm Ghazi Fabrics International Limited (PSX: GFIL) has decided to limit its production activities for the time...

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News Update

29

Oct 2024

Oct 29, 2024 • 5 min read

FBR Faces Revenue Shortfall of Rs. 90 Billion in October 2024

The Federal Board of Revenue (FBR) is expected to face a shortfall of Rs. 90 billion in October 2024, sources told ProPa...

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News Update

29

Oct 2024

Oct 29, 2024 • 5 min read

IT Ministry Shares Detailed Report on Slowed IT Sector Growth, Forgets Internet Disruptions

The Ministry of Information Technology and Telecom has identified critical constraints undermining the growth of Pakista...

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News Update

29

Oct 2024

Oct 29, 2024 • 5 min read

Gold Rate in Pakistan Rises Again to Close Just Shy of All-Time High

The price of gold in Pakistan registered an increase of Rs. 1,600 per tola on Tuesday to close just shy of an all-time h...

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News Update

29

Oct 2024

Oct 29, 2024 • 5 min read

Saudi Arabia Has Central Role in Pakistan’s Future Economic Plans: PM Shehbaz 

Prime Minister Shehbaz Sharif met Crown Prince and the Prime Minister of the Kingdom of Saudi Arabia Prince Mohammed bin...

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News Update

29

Oct 2024

Oct 29, 2024 • 5 min read

Pakistan Likely to Secure $1.2 Billion Saudi Oil Facility in December

A high-level Saudi delegation will likely visit Pakistan by December 2024 to finalize the terms of a $1.2 billion oil fa...

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News Update

29

Oct 2024

Oct 29, 2024 • 5 min read

Pakistani Developers Earn Lowest Annual Salaries Globally

Full-time employed professional developers in Pakistan earn some of the lowest salaries globally, ranging from $2,000 to...

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News Update

29

Oct 2024

Oct 29, 2024 • 5 min read

PPL Profit Down 20% to Rs. 23.6 Billion in Q1 FY25

Pakistan Petroleum Limited (PPL) announced its 1QFY25 result today, where the company recorded earnings of Rs. 23.6 bill...

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News Update

29

Oct 2024

Oct 29, 2024 • 5 min read

FBR Transfers Over a Dozen Senior Officers of Customs

The Federal Board of Revenue (FBR) has transferred and posted 14 senior officers of the Pakistan Customs Service (BS-20-...

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News Update

29

Oct 2024

Oct 29, 2024 • 5 min read

Askari Bank Posts Profit of Rs. 5.9 Billion in Q3 

Askari Bank Limited (PSX: AKBL) has posted a profit-after-tax (PAT) of Rs. 5.9 billion in 3QCY24, up 4.4 percent over 3Q...

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News Update

29

Oct 2024

Oct 29, 2024 • 5 min read

Profit Repatriation Up 88% in Q1 FY25

The repatriation of profits and dividends from foreign investments in Pakistan increased to $393.4 million in July-Septe...

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News Update

29

Oct 2024

Oct 29, 2024 • 5 min read

Pak Rupee Down 2nd Consecutive Day Against US Dollar, British Pound

The Pakistani rupee (PKR) posted small losses 2nd day in a row against the US Dollar (USD) today after opening trade at...

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News Update

29

Oct 2024

Oct 29, 2024 • 5 min read

Pakistan Borrowed 63% Fewer Loans Compared to Last Year

The country borrowed $1.308 billion from multiple financing sources during the first quarter (July-September) of the cur...

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News Update

29

Oct 2024

Oct 29, 2024 • 5 min read

First Aramco-Branded Retail Station Launches in Pakistan 

Aramco unveiled its first fuel retail station in Pakistan today. It follows Aramco’s acquisition of a 40% stake in Gas &...

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News Update

29

Oct 2024

Oct 29, 2024 • 5 min read

Bank Alfalah Launches Its Flagship New Alfa App and Pakistan’s First Instant Credit Digital Cheque Deposit Kiosk

Bank Alfalah, a leading commercial bank in Pakistan and the incumbent Best Bank for Digital Banking, announced the launc...

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News Update

28

Oct 2024

Oct 28, 2024 • 5 min read

ADB Country Director Calls on FBR Chairman

Asian Development Bank (ADB) Country Director Emma Fan called on Federal Board of Revenue (FBR) Chairman Rashid Mahmood...

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