News & Updates

News Update

21

Oct 2024

Oct 21, 2024 • 5 min read

IT Exports Up By 42% in September 2024

The country’s information technology and IT-enabled services (ITeS) export remittances comprising computer services and...

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News Update

21

Oct 2024

Oct 21, 2024 • 5 min read

FBR Drafts Tax Laws to End Concept of Late Filers and Non-Filers

The Federal Board of Revenue (FBR) has drafted Tax Laws Amendment Ordinance 2024 to abolish the categories of “late-file...

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News Update

21

Oct 2024

Oct 21, 2024 • 5 min read

Rupee Down Against US Dollar, Other Major Currencies Once Again

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

21

Oct 2024

Oct 21, 2024 • 5 min read

Pakistan’s Real Effective Exchange Rate Depreciates to 98.6 in September 2024

Pakistan’s Real Effective Exchange Rate (REER) depreciated to 98.6 in September 2024, according to data issued by the St...

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News Update

21

Oct 2024

Oct 21, 2024 • 5 min read

Pakistan Achieves Record Participation at GITEX Global 2024

Pakistan’s IT industry made a significant mark at GITEX Global 2024 in Dubai, where it was named “Tech Destination of th...

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News Update

21

Oct 2024

Oct 21, 2024 • 5 min read

Meezan Bank Posts Massive Rs. 78.3 Billion Profit For 9 Months of 2024

Meezan Bank Limited (PSX: MEBL) reported its 9MCY24 earnings at Rs. 78.3 billion, marking a 34 percent YoY increase. For...

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News Update

21

Oct 2024

Oct 21, 2024 • 5 min read

PSX Witnesses Bullish Trend, Gains Over 800 Points

The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 807.42 points to close at...

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News Update

21

Oct 2024

Oct 21, 2024 • 5 min read

Pakistan’s Current Account Posts $119 Million Surplus in September 2024

Pakistan’s current account posted a surplus of $119 million in September 2024 compared to a deficit of $218 million in t...

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News Update

21

Oct 2024

Oct 21, 2024 • 5 min read

Altern Energy Subsidiary Decides to Terminate Power Contract With Govt

Rousch (Pakistan) Power Limited (RPPL), a subsidiary of Power Management Company (Private) Limited, has referred the fed...

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News Update

21

Oct 2024

Oct 21, 2024 • 5 min read

Pakistan’s Meat Exports to China Hit $3.3 Million in Nine Months

Pakistan’s meat exports to China reached $3.37 million from January to September 2024, according to the General Administ...

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News Update

21

Oct 2024

Oct 21, 2024 • 5 min read

Gold Price in Pakistan Sustains Record-Setting Rally, Nears Rs. 300,000 Per Tola Mark

The price of gold in Pakistan rose for the fifth straight day on Monday and closed in on the Rs. 300,000 per tola milest...

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News Update

21

Oct 2024

Oct 21, 2024 • 5 min read

PSX Holds Gong Ceremony on Listing of BF Biosciences Ltd

The Pakistan Stock Exchange (PSX) held a gong ceremony to celebrate the listing of BF Biosciences Limited (BFBIO). BFBIO...

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News Update

20

Oct 2024

Oct 20, 2024 • 5 min read

SCO to Open New Avenues of Economic Growth, Investment in Pakistan: Traders

Chamber of Small Traders and Small Industry President Hafiz Umair Saeed has said that the recent Shanghai Cooperation Or...

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News Update

20

Oct 2024

Oct 20, 2024 • 5 min read

Pakistan Imported Mobile Phones Worth $246 Million in Q1 FY25

The country imported mobile phones worth $246.472 million in the first quarter (July-September) of the current fiscal ye...

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News Update

20

Oct 2024

Oct 20, 2024 • 5 min read

Finance Minister to Request US Financing for Energy Projects Next Week

Finance Minister Muhammad Aurangzeb will meet US Assistant Secretary of State for Energy Resources Geoffrey Ross Pyatt d...

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News Update

20

Oct 2024

Oct 20, 2024 • 5 min read

Over 9,200 Big Retailers Have So Far Registered With FBR’s Tajir Dost Scheme

A total of 9,290 Tier-1 retailers have so far registered with the Tajir Dost Scheme. The Federal Board of Revenue (FBR)...

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News Update

19

Oct 2024

Oct 19, 2024 • 5 min read

LESCO Faces Rs. 16.2 Billion Loss Due to Widespread Power Theft

The Lahore Electric Supply Company (LESCO) is grappling with severe electricity theft, with a reported daily loss of 3 m...

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News Update

19

Oct 2024

Oct 19, 2024 • 5 min read

Gold Rate in Pakistan Breaks Fourth Record in Four Days

The price of 24-karat gold per tola increased by Rs. 900 and is being sold at Rs. 281,800 on Saturday compared to its pr...

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News Update

19

Oct 2024

Oct 19, 2024 • 5 min read

Punjab Model Bazaars to Benefit Directly From IMF Package, Says CEO

Naveed Rafaqat Ahmad is a dynamic leader with over 15 years of experience in corporate restructuring, strategic planning...

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News Update

18

Oct 2024

Oct 18, 2024 • 5 min read

Pakistan’s ICT Exports Contain Services Trade Deficit: SBP Report

Pakistan’s ICT exports grew by 24.1 percent to US$ 3.2 billion in FY24, representing the highest-ever ICT exports, accou...

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News Update

18

Oct 2024

Oct 18, 2024 • 5 min read

Car Financing Rises for the First Time After 27 Months

Car financing increased by Rs. 245 million by the end of September to Rs. 228 billion, data revealed by the State Bank o...

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