News & Updates

News Update

08

Oct 2024

Oct 08, 2024 • 5 min read

SBP Increases SME Financing Limits Up to Rs. 500 Million

The State Bank of Pakistan (SBP) has enhanced the financing limits for Small and Medium Enterprises (SMEs) up to Rs. 500...

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News Update

08

Oct 2024

Oct 08, 2024 • 5 min read

Pakistan’s SME Sector Holds $40-$60 Billion Export Potential: Minister

Minister for Planning Ahsan Iqbal on Tuesday said that Small and Medium Enterprises (SMEs) had the potential of $40-60 b...

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News Update

08

Oct 2024

Oct 08, 2024 • 5 min read

Finance Minister Commits to IMF-Backed Structural Reforms

Federal Minister for Finance and Revenue Muhammad Aurangzeb has said the government is focused on ensuring that Pakistan...

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News Update

08

Oct 2024

Oct 08, 2024 • 5 min read

MCB Bank Gets Court Approval to Convert 39 Branches Into Islamic Banking Entities

MCB Bank Limited (PSX: MCB) has received approval of the Lahore High Court for the Scheme of Compromises, Arrangements a...

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News Update

08

Oct 2024

Oct 08, 2024 • 5 min read

PSX Continues Record-Breaking Rally, Crosses 85,500 Mark

The 100-Index of the Pakistan Stock Exchange (PSX) continued its bullish trend on Tuesday, gaining 753.68 more points to...

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News Update

08

Oct 2024

Oct 08, 2024 • 5 min read

Chinese Engineers Killed in Karachi Attack Were Involved in Debt Re-profiling Talks with Govt: Minister

Finance Minister Muhammad Aurangzeb Tuesday said that the Chinese engineers targeted in Karachi were part of the team in...

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News Update

08

Oct 2024

Oct 08, 2024 • 5 min read

Pakistan to Discuss $11.7 Billion Refinery Projects With Saudi Investors This Week

Pakistan will push forward two major refinery projects during the Saudi delegation’s visit from October 9-11. Pakistan S...

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News Update

08

Oct 2024

Oct 08, 2024 • 5 min read

Engro Fertilizers Launches UgAi App to Benefit Farmers with Direct Purchasing, Advanced Technologies

Engro Fertilizers has launched “UgAi”, the first integrated agri e-commerce platform of Pakistan, to offer farmers relie...

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News Update

08

Oct 2024

Oct 08, 2024 • 5 min read

Gold Rate in Pakistan Falls After Slight Increase Yesterday 

The price of gold in Pakistan fell by Rs. 1,000 per tola on Tuesday after posting marginal gains a day earlier.  The per...

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News Update

08

Oct 2024

Oct 08, 2024 • 5 min read

PSQCA Leaderless For Past 3 Years

The Pakistan Standards and Quality Control Authority (PSQCA), responsible for regulating the quality of products in the...

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News Update

08

Oct 2024

Oct 08, 2024 • 5 min read

Dawood Lawrencepur Concludes Reon Energy Sale to Dubai-Based Company

Dawood Lawrencepur Limited (PSX: DLL) has transferred its entire shareholding in Reon Energy Limited (REL) to Juniper In...

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News Update

08

Oct 2024

Oct 08, 2024 • 5 min read

Farmdar Secures Pre-Series A Investment from Silicon Valley

Farmdar, an agritech startup that uses AI and space technologies to optimize agricultural productivity, has raised a pre...

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News Update

08

Oct 2024

Oct 08, 2024 • 5 min read

FBR’s Decision to Increase Taxes on Late Filers is Illegal, LHC Says

Lahore High Court (LHC) has declared that the enhanced rates of withholding tax on late filers of income tax returns wil...

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News Update

07

Oct 2024

Oct 07, 2024 • 5 min read

Empowering Pakistan’s Youth, Entrepreneurs & SMEs: Financial Institutions as Catalysts for Change

Pakistan’s burgeoning population of over 241 million and its rich demographic dividend as the world’s fifth-largest yout...

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News Update

07

Oct 2024

Oct 07, 2024 • 5 min read

Rupee Abruptly Ends Last Week’s Momentum Against US Dollar

The Pakistani rupee (PKR) posted losses to start the new week against the US Dollar (USD) after opening trade at 278 in...

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News Update

07

Oct 2024

Oct 07, 2024 • 5 min read

Listed Banks Must Lend Rs. 3.6 Trillion to Achieve 50% Gross ADR: Report

Approximately Rs. 3.6 trillion will be required to be disbursed by listed banks to achieve the 50 percent Gross Advances...

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News Update

07

Oct 2024

Oct 07, 2024 • 5 min read

PSX Gains 1378 Points to Close Just Shy of 85,000 Mark  

The Pakistan Stock Exchange (PSX) continued its record-breaking rally on Monday as the KSE-100 Index gained 1,378.34 poi...

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News Update

07

Oct 2024

Oct 07, 2024 • 5 min read

SECP Registers Over 2,600 New Companies in September 2024 

The Securities and Exchange Commission of Pakistan (SECP) registered 2,617 new companies during September 2024, witnessi...

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News Update

07

Oct 2024

Oct 07, 2024 • 5 min read

Gold Rate in Pakistan Goes Up Slightly to Begin New Week 

The price of gold in Pakistan rose marginally on the opening day of the week to remain just above Rs. 275,00 per tola ma...

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News Update

07

Oct 2024

Oct 07, 2024 • 5 min read

FBR Directs Officers to Submit Declaration of Assets 

The Federal Board of Revenue (FBR) has directed its Customs as well as Inland Revenue Service officers to submit Declara...

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News Update

07

Oct 2024

Oct 07, 2024 • 5 min read

PPL Subsidiary Agrees Exploration and Production Contract With Iraqi Oil Company

The subsidiary of Pakistan Petroleum Limited (PSX: PPL) PPL Asia E&P B.V. (PPL Asia), has reached a mutually favorable s...

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