News & Updates

News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

Rupee Barely Ends 3-Day Losing Streak Against US Dollar

The Pakistani rupee (PKR) posted small gains against the US Dollar (USD) after opening trade at 278 in the interbank mar...

Read Full Article

News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

Profit-Taking Sees PSX Lose Over 600 Points

The 100-Index of the Pakistan Stock Exchange (PSX) lost 620.23 more points on Thursday to close at 85,585.43 points agai...

Read Full Article

News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

US Envoy Lauds Pakistan’s Bold Reforms in Taxation, Energy Sector

Federal Finance and Revenue Minister Muhammad Aurangzeb has reiterated the government’s resolve to carry on with broad-b...

Read Full Article

News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

Mega Motors and China’s BYD Finalize Deal to Make Electric Cars in Pakistan

Mega Motor Company (Private) Limited, an associated company of The Hub Power Company Limited (PSX: HUBC) has entered int...

Read Full Article

News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

Pakistan’s Textile Exports Surge 17.6% in September 2024

Pakistan’s textile exports rose by over 17 percent in September 2024, according to trade data issued by the Pakistan Bur...

Read Full Article

News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

Salaried Class Paid 1,550% More Tax Than Retailers in July-September

The salaried class paid Rs. 111 billion or 1,550 percent higher tax than traders during the first quarter of the current...

Read Full Article

News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

Chinese Corporation to Provide $1 Billion to Upgrade Pakistan Refinery Ltd

A Chinese investment company has decided to invest $1 billion in Pakistan Refinery Limited (PRL) to upgrade its producti...

Read Full Article

News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

SEARL Clarifies Reports of Acquiring Majority Stake in Abbott Laboratories

The Searle Company Limited (PSX: SEARL) has denied showing any interest in acquiring a 51 percent stake in Abbott Labora...

Read Full Article

News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

Publicis Media onboarded by Nestlé Pakistan as Media Agency Partner

Publicis Media has been selected by Nestlé Pakistan to oversee its media strategy in Pakistan, aiming to drive transform...

Read Full Article

News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

Bank Alfalah and Allied Bank Inaugurates Mohalla Cricket Tournament to Raise Remittance Awareness Nationwide

Bank Alfalah and Allied Bank are proud to announce the launch of Mohalla Cricket, a nationwide tournament designed to fo...

Read Full Article

News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

Govt Repays Loan of Rs. 92 Billion to Local Banks

The federal government has paid back over Rs. 92 billion to local banks in the current fiscal year after amassing enough...

Read Full Article

News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

Pakistan’s Petroleum Imports Rise by 4% in September 2024

Pakistan’s petroleum imports rose by 4 percent in September 2024, according to trade data issued by the Pakistan Bureau...

Read Full Article

News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

IMF Advises Pakistan to Spend 1% of its GDP Against Climate Shocks

The International Monetary Fund (IMF) has advised Pakistan to spend one percent of its GDP to protect itself against cli...

Read Full Article

News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

Pak Elektron Limited Posts 97% Profit Growth in 9 Months

Pak Elektron Limited (PAEL) announced its 3Q2024 result wherein it posted earnings of Rs. 448 million (EPS of Rs. 0.52)...

Read Full Article

News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

Gold Price in Pakistan Hits Another Record High as International Prices Surge

The price of gold in Pakistan rose for the second consecutive day on Thursday and surged to a new all-time high.   Accor...

Read Full Article

News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

DG Khan Cement Posts 22% Profit Growth in First Quarter of FY25

D.G. Khan Cement Company Limited (DGKC) announced its financial result for 1QFY25 today, posting a profit of Rs. 804 mil...

Read Full Article

News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

Govt Raises Rs. 181 Billion in PIBs Auction, Yields Decline Significantly

The federal government raised Rs. 180.84 billion through Pakistan Investment Bonds (PIBs) on Thursday, against the targe...

Read Full Article

News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

KP Launches Low-Cost Housing Society Under Naya Pakistan Housing Program

Chief Minister Khyber Pakhtunkhwa Sardar Ali Amin Khan Gandapur visited Jalozai in District Nowshera on Wednesday where...

Read Full Article

News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

SBP Reserves Cross $11 Billion for First Time in 2.5 Years 

The foreign exchange reserves held by the State Bank of Pakistan (SBP) posted an increase of $215 million on a weekly ba...

Read Full Article

News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

Pakistan’s Large-Scale Manufacturing Sector Contracts 2.6% in August 2024 

The Large-Scale Manufacturing (LSM) sector output decreased by 2.65 percent for August 2024 when compared with August 20...

Read Full Article

News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

Bank Alfalah Reports 23.5% Profit Growth in 9 Months

The Board of Directors of Bank Alfalah Limited, in its meeting held on October 17, 2024, approved the Bank’s financial r...

Read Full Article