News & Updates

News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

PSX Sustains Bullish Momentum, up 409 Points to Record Highest-Ever Closing

The 100-Index of the Pakistan Stock Exchange (PSX) continued its bullish trend on Tuesday, gaining 409.06 points to clos...

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News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

Fauji Foods Posts Rs. 560 Million Profit in 9 Months of 2024

Fauji Foods Limited (PSX: FFL) has posted a Rs. 560 million profit for the nine months that ended on September 30, calen...

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News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

Systems Limited Profit Down 24% in 9 Months

Systems Limited (SYS) today unveiled the financial result for 9MCY24 posting a consolidated profit after Tax (PAT) of Rs...

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News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

Lucky Cement Completes Contruction of Wind Power Plant in Karachi

Lucky Cement Limited is proud to announce the successful completion and commissioning of its 28.8 MW captive wind power...

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News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

NADRA Speeds Up People’s Tax Data Sharing With FBR

The National Database and Registration Authority (NADRA) has fast-tracked data-sharing with the Federal Board of Revenue...

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News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

US Company Agrees to Provide Consultancy for 5G Auction in Pakistan

National Economic Research Associates Inc. (NERA) – United States-based international consultancy firm has accepted the...

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News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

Govt Orders Ministries Not to Refer Requests for Naib Qasid, Other Posts

The Establishment Division has directed all ministries or divisions not to refer to the request for the creation of post...

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News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

SECP Alerts Public Against Fraudulent Investment Deposit Taking Platform Smartpays

The Securities and Exchange Commission of Pakistan (SECP) has identified an illegal investment/deposit-taking platform o...

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News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

Mobilink Bank Tops the SBP’s Banking on Equality Scorecard for the Second Year in a Row

Mobilink Bank has once again demonstrated its unwavering commitment to gender equality and financial inclusion, securing...

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News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

FTO Directs FBR to Resolve Issues Faced By Sales Taxpayers

Federal Tax Ombudsman (FTO) has taken serious notice of problems faced by sales taxpayers in complying with SRO. 1130(1)...

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News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

Foreign Direct Investment Up 48% in Q1 FY25

The net Foreign Direct Investment (FDI) in the country stood at $771 million in July-September 2024-25, up 48 percent ov...

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News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

FBR Transfers Jurisdiction of Three Sugar Mills Ahead of Crushing Season

The Federal Board of Revenue (FBR) has quietly transferred jurisdiction of three important sugar mills from a larger to...

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News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

Rupee Slips 2nd Consecutive Day Against US Dollar

The Pakistani rupee (PKR) posted small losses against the US Dollar (USD) to start the week after opening trade at 278 i...

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News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

IMF Predicts Slightly Slower Global Growth in 2024 and 2025 

Global growth is expected to ease slightly to 3.2 percent this year and remain at that level in 2025, the IMF announced...

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News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

IMF Urges Pakistan to Stay the Course on Reforms

The International Monetary Fund Director MCD Jihad Azour on Monday said Pakistan should stay the course on reforms to ke...

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News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

IMF Projects GDP Growth at 3.2% for Pakistan in FY25 

The International Monetary Fund (IMF) has projected GDP growth rate for Pakistan at 3.2 percent for fiscal year 2025 aga...

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News Update

22

Oct 2024

Oct 22, 2024 • 5 min read

FESCO Shares Electricity Shutdown Schedule for Wednesday

Faisalabad Electric Supply Company (FESCO) has issued a shutdown program for Wednesday due to necessary repair, maintena...

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News Update

21

Oct 2024

Oct 21, 2024 • 5 min read

WeatherWalay Announces Pakistan’s First ESOP to Empower Employees in Climate Action

In a climate where retaining top talent can be as unpredictable as Pakistan’s monsoon season, WeatherWalay celebrated it...

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News Update

21

Oct 2024

Oct 21, 2024 • 5 min read

Abu Bakar Officially Takes Charge As CEO Pakistan Software Export Board

Abu Bakar has officially taken on the role of Chief Executive Officer of the Pakistan Software Export Board (PSEB). Seni...

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News Update

21

Oct 2024

Oct 21, 2024 • 5 min read

PSBA Wins Case Against SECP Over ‘Unconstitutional’ Trading Criteria

The Pakistan Stock Brokers Association (PSBA) filed a Constitutional Petition (CP) in July 2021, before the High Court o...

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News Update

21

Oct 2024

Oct 21, 2024 • 5 min read

Finance Minister to Ask IMF for $2 Billion Climate Financing This Week

Finance Minister Muhammad Aurangzeb will request $2 billion in climate financing from the International Monetary Fund (I...

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