News & Updates

News Update

17

Oct 2024

Oct 17, 2024 • 5 min read

FBR Withdraws Condition of Filling of Affidavits by CFOs

The Federal Board of Revenue (FBR) has withdrawn a major condition of filing of affidavits (tax period September 2024) b...

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News Update

16

Oct 2024

Oct 16, 2024 • 5 min read

Ghani Glass Shuts Down Furnace for Maintenance

Ghani Glass Limited (PSX: GHGL) has shut down one of the furnaces of Pharma Glass at its Karachi plant.  “This is to inf...

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News Update

16

Oct 2024

Oct 16, 2024 • 5 min read

Pakistani Bond Market Set for First Inflow in 5 Years Due to Stable Rupee, High Yields

The local debt market is headed for its first annual inflow in five years due to high yields and a more stable rupee, re...

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News Update

16

Oct 2024

Oct 16, 2024 • 5 min read

HBL’s 9M 2024 Profit Rises to Rs. 43.3 Billion

HBL today declared a consolidated profit before tax of Rs 85.9 billion for the first nine months of 2024, 3% higher than...

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News Update

16

Oct 2024

Oct 16, 2024 • 5 min read

Abhi Secures $15 Million Financing for Further Expansion in UAE

Pakistani fintech Abhi has secured $15 million in credit financing through a credit facility led by Shorooq Partners and...

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News Update

16

Oct 2024

Oct 16, 2024 • 5 min read

Consortium Acquires 83.96% Stake in Calcorp Limited

A consortium has acquired an 83.96 percent stake in Calcorp Limited (PSX: CASH), the company informed the main bourse on...

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News Update

16

Oct 2024

Oct 16, 2024 • 5 min read

Neem Launches Shariah-Compliant Earned Wage Access for Salaried Class

In a country where economic challenges often push the salaried class, particularly the frontline workforce, into cycles...

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News Update

16

Oct 2024

Oct 16, 2024 • 5 min read

Govt Hikes Price of Diesel, Petrol Kept Unchanged

The federal government has increased the price of high-speed diesel while keeping the price of petrol unchanged for the...

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News Update

16

Oct 2024

Oct 16, 2024 • 5 min read

FFC Acquires Voting Shares in Agritech Limited

Fauji Fertilizer Company Limited (PSX: FFC) has acquired voting shares in Agritech Limited (PSX: AGL), the company infor...

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News Update

16

Oct 2024

Oct 16, 2024 • 5 min read

Cabinet Approves Export of 500,000 MT Surplus Sugar 

The federal cabinet Wednesday approved the export of 500,000 metric tonnes of sugar through a circulation summary.  Last...

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News Update

16

Oct 2024

Oct 16, 2024 • 5 min read

Rupee Down 3rd Day in a Row Against US Dollar, Stays At 277

The Pakistani rupee (PKR) posted losses third day in a row against the US Dollar (USD) after opening trade at 277.6 in t...

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News Update

16

Oct 2024

Oct 16, 2024 • 5 min read

Belarus Looking to Invest in Multiple Agriculture Projects in Pakistan

A high-level delegation from the Republic of Belarus called on the President/CEO of Zarai Taraqiati Bank Limited (ZTBL)...

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News Update

16

Oct 2024

Oct 16, 2024 • 5 min read

FTSE Benchmarked Fund Sells 50% Position in Pakistani Stocks

Based on the September 2024 holding analysis, the FTSE benchmarked fund Vanguard has sold approximately $82.5 million wo...

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News Update

16

Oct 2024

Oct 16, 2024 • 5 min read

BuyPass.ai Secures Angel Funding to Launch eCommerce in GCC and Asia

BuyPass.ai, a stealth startup reimagining the eCommerce space across the GCC & Asia region, has successfully closed an a...

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News Update

16

Oct 2024

Oct 16, 2024 • 5 min read

PSX Surges 365 Points to Record Highest-Ever Closing

The 100-Index of the Pakistan Stock Exchange (PSX) gained 365.32 points on Wednesday to close at 86,205.66 points, its h...

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News Update

16

Oct 2024

Oct 16, 2024 • 5 min read

Gold Rate in Pakistan Surges to All-Time High, Up 26% This Year

The price of gold in Pakistan surged to an all-time high mark on Wednesday after crossing the Rs. 277,000 level.   Accor...

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News Update

16

Oct 2024

Oct 16, 2024 • 5 min read

PM Shehbaz Suggests Common Currency Between SCO Countries

Prime Minister Shehbaz Sharif has proposed a common currency for members of the Shanghai Cooperation Organization (SCO)....

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News Update

16

Oct 2024

Oct 16, 2024 • 5 min read

Cash in Circulation Rises By Rs. 214.5 Billion in A Week

Cash holdings in Pakistan have recorded a substantial increase of Rs. 214.5 billion in the week that ended on 4 October...

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News Update

16

Oct 2024

Oct 16, 2024 • 5 min read

Pakistan, Kyrgyzstan Vow to Boost Bilateral Trade 

In a bid to boost economic cooperation, Pakistan and Kyrgyzstan here on Wednesday recognized significant potential for i...

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News Update

16

Oct 2024

Oct 16, 2024 • 5 min read

80 Pakistani Companies Participate in GITEX Global 2024 in Dubai

Pakistan Software Houses Association (P@SHA) Chairman Sajjad Mustafa Syed has said that Pakistan – as the Tech Destinati...

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News Update

16

Oct 2024

Oct 16, 2024 • 5 min read

Govt Readies Stricter Power Purchase Agreements for 18 IPPs

The federal government is finalizing four new options to shift 18 Independent Power Producers (IPPs) from ‘take or pay’...

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