News & Updates

News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

Dead Pakistanis Are Still Submitting Tax Returns to FBR

Mobile Phone SIM cards registered in the names of deceased individuals continue to function across Pakistan while income...

Read Full Article

News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

PIA Auction Set to be Held on October 30

Parliamentary Secretary for Communication Gul Asghar Khan apprised the Lower House of the Parliament on Wednesday that t...

Read Full Article

News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

Aurangzeb Urges IMF to Focus on Enhancing Climate Resilience Financing 

Finance Minister Senator Muhammad Aurangzeb attended the meeting of the Managing Director of the IMF with Finance Minist...

Read Full Article

News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

Finance Minister Advocates for Multilateral Financing Solutions for Pakistan

The Federal Minister for Finance and Revenue Muhammad Aurangzeb, attended the G-24 Ministers and Governors Meeting held...

Read Full Article

News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

UBL Posts Highest Ever Quarterly Profit in 3Q 2024

United Bank (UBL) announced its 3Q2024 result today, where the bank recorded earnings of Rs. 18.3 billion (EPS of Rs. 14...

Read Full Article

News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

No Restriction on Industries Importing Raw Material: Minister 

Minister of State for Finance Ali Pervaiz Malik on Wednesday informed the Lower House of the Parliament that under the d...

Read Full Article

News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

K-Electric Obtains Take or Pay Power Generation Agreement

K-Electric has managed to obtain IPPs type tariff for its power generation segment compared to the earlier model which w...

Read Full Article

News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

Finance Minister Optimistic on Getting Big Energy Debt Relief from China

Finance Minister Muhammad Aurangzeb said Pakistan’s request to extend energy sector debt payments has been met with an e...

Read Full Article

News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

Gold Price in Pakistan Shatters Record Yet Again, up Rs. 65,000 Per Tola This Year

The price of gold in Pakistan posted another big increase on Wednesday as it neared the Rs. 300,000 per tola milestone. ...

Read Full Article

News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

Fauji Fertilizer Initiates PAI to Acquire 151 Million Shares of Agritech 

Fauji Fertilizer Company Limited (PSX: FFC) has initiated a Public Offer to acquire 151.05 million ordinary shares of Ag...

Read Full Article

News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

PTA Awards 20-Year Fixed Local Loop Licenses to Supernet Limited

Supernet Limited (PSX: GEMSPNL) has announced that it has been awarded Fixed Local Loop (FLL) Licenses by the Pakistan T...

Read Full Article

News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

FrieslandCampina Engro Pakistan Profit Increases by 28% in 9 Months of 2024

FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for Quarter 3, 2024. Its profit after ta...

Read Full Article

News Update

23

Oct 2024

Oct 23, 2024 • 5 min read

Rupee Stable Against US Dollar, Rises to 299 Against Euro

The Pakistani rupee (PKR) was stable against the US Dollar (USD) today after opening trade at 278 in the interbank marke...

Read Full Article

News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

Pakistan Has Utilized Only 9% of Funds Received for Rehabilitation in Balochistan

The federal government has spent only $20.2 million (9 percent) out of $220 million of donor funding for post-flood reco...

Read Full Article

News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

SECP Issues Master Circular for Mutual Funds, Investment Schemes, Advisories

The Securities and Exchange Commission of Pakistan (SECP) issued a master circular here for Mutual Funds/Collective Inve...

Read Full Article

News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

FBR Imposes Surcharge on Late Filers to Get on Active Taxpayers’ List

Late filers of income tax returns have to deposit “surcharge” to the Federal Board of Revenue (FBR) for including their...

Read Full Article

News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

Engro Polymer Posts Rs. 2.28 Billion Loss for 9 Months of 2024

Engro Polymer & Chemicals Limited (EPCL) announced its 9MCY24 financial result today where the company posted a loss of...

Read Full Article

News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

Finance Minister Urges Development Partners to Resolve Issues of Developing Countries 

Minister for Finance and Revenue Senator Muhammad Aurangzeb Tuesday urged all development partners to work closely toget...

Read Full Article

News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

Shield Corporation Approves Sale of Investment Property 

The Board of Directors of Shield Corporation Limited (PSX: SCL) has approved the sale of the company’s property located...

Read Full Article

News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

Sindh Govt Issues Notification of Revised Minimum Wage 

The Sindh government Tuesday enforced minimum monthly wages of Rs. 37,000 for all the workers of industrial and commerci...

Read Full Article

News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

SECP & PSX Host IPO Roundtable 2024 in Lahore

The Securities & Exchange Commission of Pakistan (SECP) and Pakistan Stock Exchange (PSX), in a collaborative effort, he...

Read Full Article