News & Updates

News Update

15

Oct 2024

Oct 15, 2024 • 5 min read

Gold Rate in Pakistan Dips Slightly, Remains Near All-Time High

The price of gold in Pakistan fell by Rs. 700 per tola on Tuesday but remained near the all-time high mark of Rs. 277,00...

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News Update

15

Oct 2024

Oct 15, 2024 • 5 min read

SBP Extends RAAST Payment System to Provincial Accountant Generals

The department of the State Bank of Pakistan (SBP) is all set to onboard the payment system of provincial chapters of Ac...

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News Update

15

Oct 2024

Oct 15, 2024 • 5 min read

PTCL Group Posts 15% YoY Revenue Growth

Pakistan Telecommunication Company Limited (PTCL), the leading telecom and ICT services provider in the country, has ann...

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News Update

15

Oct 2024

Oct 15, 2024 • 5 min read

Rupee Ends Today’s Session With More Losses Against US Dollar

The Pakistani rupee (PKR) posted losses second day in a row against the US Dollar (USD) after opening trade at 278 in th...

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News Update

15

Oct 2024

Oct 15, 2024 • 5 min read

Oil Industry Seeks Govt Intervention on Revised OMCs Margins

Oil Marketing Association of Pakistan (OMAP) has requested Ministry of Energy for urgent intervention on revised Oil Mar...

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News Update

15

Oct 2024

Oct 15, 2024 • 5 min read

Chief Minister Punjab Orders Report on Illegal Housing Societies

Punjab Chief Minister Maryam Nawaz has instructed the Director-General (DG) of the Lahore Development Authority (LDA) to...

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News Update

15

Oct 2024

Oct 15, 2024 • 5 min read

FBR Fails to Collect 99% Tax From Traders Under Tajir Dost Scheme

The Federal Board of Revenue (FBR) has not collected even Rs. 1 million of the Rs. 10 billion tax collection target unde...

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News Update

15

Oct 2024

Oct 15, 2024 • 5 min read

PSX Turns Bullish, Gains 578 points 

The 100-Index of the Pakistan Stock Exchange (PSX) turned bullish on Tuesday, gaining 578.96 points to close at 85,840.3...

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News Update

15

Oct 2024

Oct 15, 2024 • 5 min read

NBP Divests Entire Stake in Agritech Limited

National Bank of Pakistan (PSX: NBP) has divested its stake in Agritech Limited (PSX: AGL). “National Bank of Pakistan (...

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News Update

15

Oct 2024

Oct 15, 2024 • 5 min read

SECP Increases Minimum Paid-Up Capital Requirement for Insurance Companies

The Securities and Exchange Commission of Pakistan (SECP) has substantially enhanced the minimum required amount of paid...

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News Update

15

Oct 2024

Oct 15, 2024 • 5 min read

Kohat Cement Approves Rs. 600 Million Short-Term Financing for Associated Company

The Board of Directors of Kohat Cement Company Limited (PSX: KOHC) has given its approval for the renewal of investment...

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News Update

15

Oct 2024

Oct 15, 2024 • 5 min read

Pakistan, China Resolve to Deepen Strategic Cooperation, Expedite CPEC

Pakistan and China on Tuesday reaffirmed their commitment to further deepen strategic cooperation across key areas, incl...

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News Update

15

Oct 2024

Oct 15, 2024 • 5 min read

Secure Logistics Group Inks Deal to Provide Transport Services to Maersk

Secure Logistics Group Limited (PSX: SLGL) has entered into an arrangement to provide transport services to Maersk West...

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News Update

15

Oct 2024

Oct 15, 2024 • 5 min read

Banking Mohtasib Provides Relief of Rs. 1 Billion to Banking Customers in 9 Months

A monetary relief of over Rs. 1.06 billion has been provided to banking customers during the first nine months (January...

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News Update

15

Oct 2024

Oct 15, 2024 • 5 min read

Riba-Free Banking: A Path to Financial Inclusivity and Fairness in Pakistan

In today’s rapidly changing financial landscape, the demand for banking systems that reflect ethical principles is stead...

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News Update

14

Oct 2024

Oct 14, 2024 • 5 min read

Gold Rate Increases in Pakistan With Record in Sight

The price of gold in Pakistan rose slightly on Monday to close in on the all-time high mark of Rs. 277,000 per tola.  Ac...

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News Update

14

Oct 2024

Oct 14, 2024 • 5 min read

Chinese Companies Suffer in Pakistan Due to Security Risks, FX, Bad Rupee: Survey

Chinese companies feel unsafe in Pakistan according to a new survey by the China Chamber of Commerce in Pakistan (CCCPK)...

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News Update

14

Oct 2024

Oct 14, 2024 • 5 min read

FBR Announces Decision on Extension for Income Tax Return Filing Deadline

The Federal Board of Revenue (FBR) has announced an extension for the filing of income tax returns for the tax year 2024...

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News Update

14

Oct 2024

Oct 14, 2024 • 5 min read

Pakistan Petroleum Commences Oil and Gas Production in Potohar Region

Pakistan Petroleum Limited (PSX: PPL) has started production of oil and gas at the Adhi South-9 well in the Potohar regi...

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News Update

14

Oct 2024

Oct 14, 2024 • 5 min read

FBR Arrests CFOs of Two Textile Companies for Alleged Tax Fraud

In a major development, the Directorate of Intelligence & Investigation-Inland Revenue, Faisalabad has arrested Chief Fi...

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News Update

14

Oct 2024

Oct 14, 2024 • 5 min read

Siemens Pakistan’s Parent Company Okays Sale of Energy Business for Rs. 17.8 Billion

The parent company of Siemens (Pakistan) Engineering (PSX: SIEM) has approved the sale of its energy business to a non-a...

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