News & Updates

News Update

11

Oct 2024

Oct 11, 2024 • 5 min read

Weekly Inflation Posts Slight Decrease

The Sensitive Price Index (SPI)-based inflation for the week ended October 10, 2024, decreased by 0.08 percent, says Pak...

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News Update

11

Oct 2024

Oct 11, 2024 • 5 min read

Gold Rate in Pakistan Posts Big Increase After Multiple Falls

The price of gold in Pakistan posted a significant increase on Friday to close above the Rs. 273,000 per tola mark.  Acc...

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News Update

11

Oct 2024

Oct 11, 2024 • 5 min read

Secure Logistics Group Agrees to Merge With Trax Online Pvt Ltd

The Board of Directors of Secure Logistic Group Limited (PSX: SLGL) and Trax Online (Pvt.) Limited (TRAX) have agreed to...

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News Update

11

Oct 2024

Oct 11, 2024 • 5 min read

Citi Pharma Signs Joint Venture Agreement With Saudi Investment Company

Citi Pharma Limited (PSX: CPHL) has signed a joint venture agreement with All Care Group of Investment to establish an a...

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News Update

11

Oct 2024

Oct 11, 2024 • 5 min read

Govt Assures IMF It Will Start Taxing Agriculture Income By July 2025

The government has assured the International Monetary Fund (IMF) that provinces will start collection of Agriculture Inc...

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News Update

11

Oct 2024

Oct 11, 2024 • 5 min read

Masood Textile Mills Raises Rs. 2 Billion From Sukuk Issue for Debt Repayment

Masood Textile Mills Limited (PSX: MSOT) has successfully completed the Sukuk issue of Rs. 2,000 million carrying a rent...

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News Update

11

Oct 2024

Oct 11, 2024 • 5 min read

FBR Will Now Target High Earning Filers Who Under-Report Their Tax Returns

The Federal Board of Revenue (FBR) is currently in the process of implementing harsh enforcement measures against the hi...

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News Update

11

Oct 2024

Oct 11, 2024 • 5 min read

IMF Projects Pakistan’s Gross External Financing Needs at $18.8 Billion for FY25 

The International Monetary Fund (IMF) has projected Pakistan’s gross external financing needs at $18.813 billion for the...

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News Update

11

Oct 2024

Oct 11, 2024 • 5 min read

PSO Likely Beneficiary of Ongoing HUBCO Contract Termination

The ongoing premature termination of the Hub Power Company Limited’s (PSX: HUBC) contract with the federal government wi...

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News Update

11

Oct 2024

Oct 11, 2024 • 5 min read

Share of Digital Payments in Retail Space Hits 84%

The State Bank of Pakistan (SBP) has released its annual report highlighting the significant advancements in the nationa...

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News Update

11

Oct 2024

Oct 11, 2024 • 5 min read

Late Recovery Sees PSX Gain 30 Points After Largely Trading in Negative Zone

The 100-Index of the Pakistan Stock Exchange (PSX) gained 30.18 points on Friday to close at 85,483.40 points.  A total...

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News Update

11

Oct 2024

Oct 11, 2024 • 5 min read

IMF Expects Pakistan’s External Debt to Cross $128 Billion in 2024-25

The International Monetary Fund (IMF) has projected Pakistan’s external debt to reach $128.228 billion in 2024-25 up fro...

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News Update

11

Oct 2024

Oct 11, 2024 • 5 min read

SBP Asks Banks to Enhance Security and Surveillance of Branches & ATMs

State Bank of Pakistan (SBP) has directed all commercial and microfinance banks to enhance the operations of security an...

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News Update

11

Oct 2024

Oct 11, 2024 • 5 min read

OGRA Asks Govt to Increase Margins for OMCs, Dealers

The Oil & Gas Regulatory Authority (OGRA) has recommended increasing margins for oil marketing companies (OMCs) and petr...

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News Update

11

Oct 2024

Oct 11, 2024 • 5 min read

FBR to Withdraw Tax Exemptions From Donations, Non-Profit Organizations

The government will repeal the remaining income tax exemptions for donations and non-profit organizations in the Second...

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News Update

11

Oct 2024

Oct 11, 2024 • 5 min read

Govt to Impose 7 New Taxes Even If It Misses FY25 Revenue Target By 1%

The federal government has agreed with the International Monetary Fund (IMF) to take new seven taxation measures during...

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News Update

11

Oct 2024

Oct 11, 2024 • 5 min read

Brillanz Group and Najd Gateway Forge Strategic Partnership to Expand Technology Solutions in Saudi Arabia; Drive Investment in Pakistan

Brillanz Group, a leading Pakistani-based convergent technologies group headquartered in the UK, has signed a strategic...

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News Update

11

Oct 2024

Oct 11, 2024 • 5 min read

ECC Allows Additional Export of 500,000 MT Surplus Sugar 

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb chaired the meeting of the Economic Coordination Com...

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News Update

11

Oct 2024

Oct 11, 2024 • 5 min read

FBR Registers FIR Against Top Cement Company for Alleged Tax Fraud

The Federal Board of Revenue’s (FBR) Directorate of Internal Audit, Inland Revenue, Karachi has registered an FIR agains...

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News Update

10

Oct 2024

Oct 10, 2024 • 5 min read

PSX Holds Gong Ceremony on Listing of Burj Clean Energy Modaraba

A gong ceremony was held at the Pakistan Stock Exchange (PSX) to mark the listing of Burj Clean Energy Modaraba (“Burj M...

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News Update

10

Oct 2024

Oct 10, 2024 • 5 min read

Bears Defeat Bulls as PSX Loses 216 Points 

The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend, losing 216.06 points on Thursday to close at...

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