News & Updates

News Update

18

Oct 2024

Oct 18, 2024 • 5 min read

SHC Waives FBR’s Affidavit Requirement for Filing September Sales Tax Returns

Sindh High Court (SHC) has directed the Federal Board of Revenue (FBR) to ensure that sales tax returns of registered pe...

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News Update

18

Oct 2024

Oct 18, 2024 • 5 min read

Cotton Arrivals Down Almost 50% Over Last Year 

Seed cotton (phutti) equivalent to over 3.1 million bales have reached ginning factories across Pakistan till October 15...

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News Update

18

Oct 2024

Oct 18, 2024 • 5 min read

BF Biosciences to Officially List At PSX on Monday

BF Biosciences Limited (BFBIO) will officially be listed on the Pakistan Stock Exchange (PSX) on Monday. Trading in the...

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News Update

18

Oct 2024

Oct 18, 2024 • 5 min read

Economy Saw Recovery in Key Macroeconomic Indicators in FY24: Report

The fiscal year 2024 witnessed improvements across key macroeconomic indicators after two challenging years, according t...

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News Update

18

Oct 2024

Oct 18, 2024 • 5 min read

NEPRA Imposes Rs. 50 Million Fine On Power Generation Company

The National Electric Power Regulatory Authority (NEPRA) has fined Central Power Generation Company Limited (CPGCL) Rs....

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News Update

18

Oct 2024

Oct 18, 2024 • 5 min read

Chief Financial Officers Disappear Fearing FBR Raids Due to Tax Fraud

After the recovery of nearly Rs. 700 million from a leading exporter of Faisalabad, the Federal Board of Revenue (FBR) i...

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News Update

18

Oct 2024

Oct 18, 2024 • 5 min read

Brainchild Wins ‘Network of the Year’ at Dragon of Asia for Second Consecutive Year

Brainchild has been awarded the prestigious ‘Network of the Year’ title at the Dragon of Asia Awards for the second cons...

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News Update

18

Oct 2024

Oct 18, 2024 • 5 min read

SBP to Cut Interest Rate By 200 Basis Points in November: Report

Pakistan’s Consumer Price Index (CPI) for October 2024 is expected to be 6.5-7.0 percent YoY (+0.9 percent MoM), taking...

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News Update

18

Oct 2024

Oct 18, 2024 • 5 min read

PSX Loses 335 Points as Profit-Taking Persists 

The 100-Index of the Pakistan Stock Exchange (PSX) continued with bearish trend on Friday losing 335.34 points to close...

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News Update

18

Oct 2024

Oct 18, 2024 • 5 min read

PC Lahore and The Walled City Collaborate to Promote Tourism and Cultural Heritage

Pearl-Continental Hotel, Lahore (PCHL) and the Walled City of Lahore Authority (WCLA) have signed a Memorandum of Unders...

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News Update

18

Oct 2024

Oct 18, 2024 • 5 min read

Attock Petroleum Profit Down 55% in Q1 FY25

Attock Petroleum Limited (APL) announced the financial result for 1QFY25, whereby the company posted a net profit of Rs....

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News Update

18

Oct 2024

Oct 18, 2024 • 5 min read

Raast Transactions Hit Rs. 20 Trillion Mark, Latest Trillion Took Just 16 Days 

The State Bank of Pakistan (SBP) Thursday said that Raast, Pakistan’s first instant payment system, has now processed 89...

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News Update

18

Oct 2024

Oct 18, 2024 • 5 min read

FBR Creates Seven New Enforcement Directorates Under Transformation Plan 

Following the approval of transformation plan from Prime Minister, the Federal Board of Revenue (FBR) has created seven...

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News Update

18

Oct 2024

Oct 18, 2024 • 5 min read

IoBM Hosts Discussion on Pakistan’s Investment Landscape with Muhammad Azfar Ahsan

The Institute of Business Management (IoBM) hosted a session today where Muhammad Azfar Ahsan, founder and chairman of N...

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News Update

18

Oct 2024

Oct 18, 2024 • 5 min read

PRL Denies $1 Billion Investment Agreement With Chinese Company

Pakistan Refinery Limited (PSX: PRL) has denied media reports of entering a commitment with any Chinese company. “News c...

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News Update

18

Oct 2024

Oct 18, 2024 • 5 min read

Short-Term Inflation Crosses 15% as Food Prices Soar 

The Sensitive Price Index (SPI)-based inflation for the week ended October 17, 2024, increased by 0.28 percent, accordin...

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News Update

18

Oct 2024

Oct 18, 2024 • 5 min read

Gold Price in Pakistan Smashes Yet Another Record Amid Global Rally 

The price of gold in Pakistan breached the record high mark for the third consecutive day on Friday.  According to data...

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News Update

18

Oct 2024

Oct 18, 2024 • 5 min read

Rupee Makes Big Jump Against US Dollar to End Another Dull Week

The Pakistani rupee (PKR) posted small gains against the US Dollar (USD) to end the week after opening trade at 278 in t...

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News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

Pakistan’s Macroeconomic Situation Has Improved: SBP Report 

The State Bank of Pakistan (SBP) released the Annual Report on the State of Pakistan’s Economy for the fiscal year 2023-...

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News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

Gilgit-Baltistan Gets 3rd Nestlé for Healthier Kids (N4HK) Room, 1st in Shigar District

Nestlé Pakistan inaugurated the Nestlé for Healthier Kids (N4HK) room at the Government Primary Boys School Shigar, maki...

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News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

PSX Raises Over Rs. 1 Trillion Through Issuance of GoP Ijarah Sukuk 

Pakistan Stock Exchange (PSX) Thursday announced a significant milestone achievement, the issuance of GoP Ijarah Sukuk (...

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