News & Updates

News Update

10

Oct 2024

Oct 10, 2024 • 5 min read

Petrol, Diesel Prices Likely to See Big Increase Next Week

MS petrol and High-Speed Diesel (HSD) prices are expected to increase next week due to an abrupt spike in international...

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News Update

10

Oct 2024

Oct 10, 2024 • 5 min read

Hub Power Company Signs Settlement to Terminate Contract With Govt

The Hub Power Company Limited (PSX: HUBC) has signed a settlement agreement to terminate its contract with the federal g...

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News Update

10

Oct 2024

Oct 10, 2024 • 5 min read

Saudi Investment Company to Complete Reko Diq Deal in Coming Weeks

Saudi Arabia’s Minister for Investment Sheikh Khalid Bin Abdul Aziz Al Faleh on Thursday announced that Manara Minerals,...

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News Update

10

Oct 2024

Oct 10, 2024 • 5 min read

FBR Unearths Rs. 3.4 Trillion Tax Fraud in Manufacturing Industry

The Finance Minister along with the Minister of State for Revenue and Chairman FBR conducted a press conference to brief...

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News Update

10

Oct 2024

Oct 10, 2024 • 5 min read

SBP Reserves Strengthen Further, Up $100 Million in One Week

The foreign exchange reserves held by the State Bank of Pakistan (SBP) posted an increase of $106 million on a weekly ba...

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News Update

10

Oct 2024

Oct 10, 2024 • 5 min read

Consumers Will Get Rs. 60 Billion Relief Per Year As Govt Terminates IPP Contracts

The government on Thursday announced the termination of the power purchase agreement with five Independent Power Produce...

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News Update

10

Oct 2024

Oct 10, 2024 • 5 min read

New Autonomous Tax Agency Proposed to Replace FBR

The proposed National Tax Authority (NTA) – an automated tax agency would end corruption and maladministration within th...

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News Update

10

Oct 2024

Oct 10, 2024 • 5 min read

PSW Partners With FTSL For Price Verification of Trade Goods At Pakistani Banks

Pakistan Single Window (PSW) has entered into a collaboration agreement with Fintech Transformation Services (Private) L...

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News Update

10

Oct 2024

Oct 10, 2024 • 5 min read

Lahore is Home to 171 Illegal Housing Societies and 423 Legal Ones: Board of Revenue

In a major revelation, the Senior Member Board of Revenue (SMBR) disclosed critical findings regarding Lahore’s real est...

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News Update

10

Oct 2024

Oct 10, 2024 • 5 min read

Finance Minister Rules Out Any Energy Debt Restructuring Deal With China

Finance Minister Muhammad Aurangzeb said on Wednesday there would be no immediate signing of any energy debt restructuri...

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News Update

10

Oct 2024

Oct 10, 2024 • 5 min read

PARCO Announces 40-Day Refinery Turnaround for Maintenance

Pak-Arab Refinery Limited (PARCO) is set to commence a 40-day refinery turnaround to perform essential planned maintenan...

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News Update

10

Oct 2024

Oct 10, 2024 • 5 min read

Pakistan, Saudi Arabia Sign MoUs Worth $2.2 Billion in Various Sectors

Pakistan and Saudi Arabia on Thursday signed 27 memorandums of understanding (MoUs) worth $2.2 billion in various sector...

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News Update

10

Oct 2024

Oct 10, 2024 • 5 min read

HBL Wins ‘Best Conventional Bank of the Year Excellence Award’

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has awarded HBL the accolade of the ‘Best Conventio...

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News Update

10

Oct 2024

Oct 10, 2024 • 5 min read

Fatima Fertilizer Given Prestigious FPCCI Award by the President of Pakistan

Fatima Fertilizer was uniquely recognized as the Best Innovative Agricultural Products Company, by the President of Paki...

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News Update

10

Oct 2024

Oct 10, 2024 • 5 min read

Gold Rate in Pakistan Falls Again, Down 2% from All-Time High Mark 

The price of gold in Pakistan fell for the second straight day on Thursday to settle below the Rs. 272,000 per tola mark...

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News Update

10

Oct 2024

Oct 10, 2024 • 5 min read

High Electricity Prices is Mostly Harming Poor People in Pakistan: World Bank

The World Bank revealed that high energy prices in Pakistan disproportionately impact the poor, as only 55 percent of el...

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News Update

10

Oct 2024

Oct 10, 2024 • 5 min read

World Bank Forecasts Pakistan’s GDP to Grow By 2.8% in FY25

The World Bank has estimated Pakistan’s GDP growth at 2.8 percent in fiscal year 2025 against 2.5 percent in 2024, but w...

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News Update

10

Oct 2024

Oct 10, 2024 • 5 min read

PM Invites Saudi Arabia to Invest in Pakistan’s Aviation Sector

Prime Minister Shehbaz Sharif Thursday invited Saudi Arabia to invest in aviation sector especially in the outsourcing o...

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News Update

10

Oct 2024

Oct 10, 2024 • 5 min read

Pakistani IT Firms Set to Participate in GITEX Later This Month, Aim to Generate Leads Worth $500 Million

Pakistan Software Houses Association (P@SHA) Chairman Sajjad Mustafa Syed has said that major Pakistani IT services prov...

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News Update

10

Oct 2024

Oct 10, 2024 • 5 min read

Planning Minister Chairs Meeting on Setting Up Pakistan’s Sovereign Wealth Fund

A high-level meeting to discuss the establishment of Pakistan’s Sovereign Wealth Fund (PSWF) was convened on Wednesday u...

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News Update

10

Oct 2024

Oct 10, 2024 • 5 min read

PKR Declines 4th Day in a Row Against US Dollar Despite Saudi News

The Pakistani rupee (PKR) posted small losses 4th day in a row against the US Dollar (USD) after opening trade at 278 in...

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