News & Updates

News Update

24

Oct 2024

Oct 24, 2024 • 5 min read

PSO’s 48th AGM: Shareholders Briefed on Vertical Expansion Initiatives 

Pakistan State Oil (PSO), the nation’s leading energy company, successfully convened its 48th Annual General Meeting (AG...

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News Update

24

Oct 2024

Oct 24, 2024 • 5 min read

PSO Approves Rs. 3.15 Billion Loan for Pakistan Refinery Ltd

Pakistan State Oil Company Limited (PSX: PSO) has approved a loan facility of Rs. 3.15 billion for Pakistan Refinery Lim...

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News Update

24

Oct 2024

Oct 24, 2024 • 5 min read

Sarmayacar Secures $15 Million Financing For New Climate Fund

The founder and CEO of Sarmayacar Rabeel Warraich has announced the launch of the $40 million Climaventures Fund, a grou...

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News Update

24

Oct 2024

Oct 24, 2024 • 5 min read

FBR’s Active Taxpayer’s List to be Updated Daily Under New Changes

The Federal Board of Revenue (FBR) has made significant amendments to the Income Tax Rules, 2002, aimed at improving eff...

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News Update

24

Oct 2024

Oct 24, 2024 • 5 min read

Finance Minister Pitches Pakistan’s Agriculture, IT, Energy Sectors to US, UAE Investors

Federal Minister for Finance and Revenue Muhammad Aurangzeb attended the Roundtable with Institutional Investors organiz...

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News Update

24

Oct 2024

Oct 24, 2024 • 5 min read

OGDC Begins Gas Production At Exploratory Well in Sanghar District, Sindh

Oil and Gas Development Company Limited (PSX: OGDC) has announced that production has commenced at the exploratory well...

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News Update

24

Oct 2024

Oct 24, 2024 • 5 min read

Our Land, Our Future: Unity Foods’ Commitment to Sustainability

As the world faces the ever-growing challenges of climate change, the need for working towards sustainability has never...

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News Update

24

Oct 2024

Oct 24, 2024 • 5 min read

Maple Leaf Cement Profit Down 17% in Q1 FY25

Maple Leaf Cement Factory Limited (MLCF) announced its financial result for 1QFY25 today, posting a profit after tax of...

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News Update

24

Oct 2024

Oct 24, 2024 • 5 min read

Rupee Closes in Red After Depreciating Against US Dollar, Other Currencies

The Pakistani rupee (PKR) posted losses against the US Dollar (USD) today after opening trade at 278 in the interbank ma...

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News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

PSX’s Shariah Focus Group to Offer Enhanced Investment Options

The Pakistan Stock Exchange (PSX) established a Shariah Focus Group in December 2023 to further the objective of meeting...

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News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

FBR Set to Significantly Increase Immovable Property Valuations This Week

The Federal Board of Revenue (FBR) is set to raise the values of immovable properties up to 75 percent of the existing m...

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News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

Govt Hikes Sales Tax on Tractors to 14%

The federal government has increased sales tax on tractors from 10 to 14 percent from October 23. The FBR issued a notif...

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News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

Pakistan, China to Finance Karachi-Peshawar Railway (ML-1) Project in Phases

Pakistan and China have decided not to proceed with the lump sum $6.8 billion financing agreement for the Karachi-Peshaw...

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News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

Govt Successfully Renegotiates Power Agreements With 8 More IPPs

The Energy Task Force has successfully renegotiated deals with eight bagasse-fired Independent Power Producers (IPPs), w...

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News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

IMF Projects Pakistan’s Net Debt to Hit 65.6% of GDP in 2025 

The International Monetary Fund (IMF) has projected significant increase in government gross debt for Pakistan from 69.2...

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News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

Fauji Feritilizer Bin Qasim Ltd Profit Increased by 5146% in 9 Months of FY24

Fauji Fertilizer Bin Qasim Limited announced its 9MCY24 financial result today where the company posted a profit after t...

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News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

PSX Soars Past 87,000 Mark to Hit Record High

Positive sentiments dominated the Pakistan Stock Exchange (PSX) for third consecutive day on Wednesday as the benchmark...

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News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

Security Papers Limited Posts 5.75% Profit Growth in Q1 

Security Papers Limited (SPL) has announced its unaudited financial results for the first quarter, ended September 30, 2...

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News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

MCB Bank Crosses Rs. 2 Trillion Deposits, Reports Strong 9-Month Profit

MCB Bank Limited (MCB) has announced its financial results for the nine-month period ended September 30, 2024, reflectin...

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News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

SECP Bars Shareholders With Over 1% Voting Rights to Act As Independent Directors

A person who, directly or indirectly holds more than one percent voting rights in a listed company shall not be eligible...

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News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

OGDC Announces Gas Discovery in Sindh

Oil and Gas Development Company Limited (PSX: OGDC) has announced the gas discovery from Sawan South Block lower Goru B...

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