News & Updates

News Update

28

Oct 2024

Oct 28, 2024 • 5 min read

Crackdown Planned Against Tax Defaulter Owners of Luxury Houses

The Excise and Taxation Department is set to launch a crackdown against owners of luxury houses in Rawalpindi Division w...

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News Update

28

Oct 2024

Oct 28, 2024 • 5 min read

Hum Network Expects News Segment to Become Profitable Thanks to Govt’s Media Spending

Hum Network (HUMNL) expects its news segment to become profitable as the government is anticipated to resume its media s...

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News Update

28

Oct 2024

Oct 28, 2024 • 5 min read

FBR Strips Down DG Customs and New Enforcement Directorate of Multiple Powers

The Federal Board of Revenue (FBR) has removed duplicative enforcement roles of the Directorate General of Intelligence...

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News Update

27

Oct 2024

Oct 27, 2024 • 5 min read

Pakistan Officially Asks for Additional ¥10 Billion Loan From China

Pakistan has requested another loan of CN¥ 10 billion ($1.4 billion) from China to ease its external financing needs. Fi...

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News Update

27

Oct 2024

Oct 27, 2024 • 5 min read

OGRA Approves 266,000 Metric Tons of Diesel Imports Amid Soaring Local Sales

The Oil and Gas Regulatory Authority (OGRA) has rebutted news that the country is carrying healthy stocks of HSD and doe...

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News Update

27

Oct 2024

Oct 27, 2024 • 5 min read

Sargodha and Griffith (Australia) – Synergies For Orange Production

Written by: Qamar Zaman, Consul General, Sydney, Australia The Riverina valley in New South Wales is often referred to a...

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News Update

27

Oct 2024

Oct 27, 2024 • 5 min read

VISA to Launch New Card in Pakistan to Boost Domestic Transactions

On the final day of his visit to Washington DC to participate in the Annual Meetings of the World Bank Group and IMF, Fe...

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News Update

27

Oct 2024

Oct 27, 2024 • 5 min read

Fauji Fertilizer Doubles its Stock Returns in Just 5 Months

Fauji Fertilizer Company (PSX: FFC) has delivered an impressive performance at the main bourse so far, providing a total...

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News Update

27

Oct 2024

Oct 27, 2024 • 5 min read

PFC CEO Calls for Improved Regional Trade to Reduce Pakistan’s Trade Deficit

Pakistan Furniture Council (PFC) Chief Executive Officer Mian Kashif Ashfaq has emphasized that Pakistan needs to focus...

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News Update

27

Oct 2024

Oct 27, 2024 • 5 min read

PSX in 2024: Big Year for IPOs With Rs. 8.4 Billion Raised So Far

The IPO market in Pakistan has seen a significant revival in CY24, supported by an improved economic landscape and a tre...

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News Update

27

Oct 2024

Oct 27, 2024 • 5 min read

FBR Has So Far Received 4.8 Million Income Tax Returns for FY24

The Federal Board of Revenue (FBR) has received 4.8 million income tax returns for the tax year 2024. The tax office has...

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News Update

26

Oct 2024

Oct 26, 2024 • 5 min read

FBR Allows Foreign Tourists to Temporarily Import Vehicles

Federal Board of Revenue (FBR) has allowed foreign tourists to temporarily import vehicles for three months in Pakistan,...

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News Update

26

Oct 2024

Oct 26, 2024 • 5 min read

Intelligence Report Accuses Senior LESCO Officials of Corruption

An intelligence agency report submitted to Prime Minister Shehbaz Sharif has revealed corruption allegations against mul...

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News Update

26

Oct 2024

Oct 26, 2024 • 5 min read

SBP Governor Briefs Investors on Pakistan’s Economic Outlook

Governor SBP, Mr. Jameel Ahmad, met delegates from international rating agencies and key global investors during the eve...

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News Update

25

Oct 2024

Oct 25, 2024 • 5 min read

BankIslami Posts 20.5% Profit Growth in 9 Months of 2024

BankIslami continues its growth trajectory, delivering substantial returns to its shareholders with a remarkable 33.6 pe...

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News Update

25

Oct 2024

Oct 25, 2024 • 5 min read

FM Continues to Promote Pakistan’s Investment Potential At IMF/WB Meetings

Minister for Finance and Revenue Muhammad Aurangzeb continued his engagements on the fourth day of his visit to Washingt...

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News Update

25

Oct 2024

Oct 25, 2024 • 5 min read

Rupee Ends Week With Encouraging Gains Against US Dollar

The Pakistani rupee (PKR) posted encouraging gains against the US Dollar (USD) today after opening trade at 278 in the i...

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News Update

25

Oct 2024

Oct 25, 2024 • 5 min read

Price of Gold Falls 2nd Day in a Row

The price of gold in Pakistan declined for the second consecutive day on Friday after a 7-day record-breaking run that s...

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News Update

25

Oct 2024

Oct 25, 2024 • 5 min read

Faysal Bank Reports Robust Financial Performance for the Nine Months Ended September 2024

Faysal Bank Limited (FBL), the leading Islamic bank in Pakistan, continued with its growth stride and has announced soun...

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News Update

25

Oct 2024

Oct 25, 2024 • 5 min read

Fauji Cement Posts Highest Ever Quarterly Profit of Rs. 3.2 Billion in Q1 FY25

Fauji Cement Company Limited (PSX: FCCL) has posted a profit after tax of Rs. 3,247 million for the quarter ended Septem...

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News Update

25

Oct 2024

Oct 25, 2024 • 5 min read

PSX Makes History After Crossing 90,000 Mark to Hit New All-Time High

The Pakis­tan Stock Exchange (PSX) continued its record-setting spree for the fifth straight session on Friday, taking t...

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