News & Updates

News Update

04

Oct 2024

Oct 04, 2024 • 5 min read

Pakistan Prepares Multiple Deals for Chinese PM’s Visit

The federal government has prepared 41 investment proposals for Chinese Prime Minister Li Qiang’s upcoming visit to Paki...

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News Update

04

Oct 2024

Oct 04, 2024 • 5 min read

Urea Sales Plummet 35% in September 2024

The urea offtake in the country declined by 35 percent on a year-on-year (YoY) basis to 365k tons in September 2024 comp...

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News Update

04

Oct 2024

Oct 04, 2024 • 5 min read

Pakistan, Malaysia Sign Key MoUs to Boost Trade Relations

Federal Minister for Commerce Jam Kamal Khan Thursday witnessed the signing of four significant MoUs between Pakistan an...

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News Update

04

Oct 2024

Oct 04, 2024 • 5 min read

Gold Rate in Pakistan Recovers to Close in on All-Time High Mark

After falling thrice in four days, the price of gold in Pakistan posted a significant increase on Friday.  According to...

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News Update

04

Oct 2024

Oct 04, 2024 • 5 min read

Rupee Makes Big Leap Against Major Currencies to End Week

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

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News Update

04

Oct 2024

Oct 04, 2024 • 5 min read

Govt Losing Rs. 8 Billion Per Month As FBR Stalls 18% Tax on Steel Furnaces

The Federal Board of Revenue (FBR) is missing out on Rs. 8 billion tax revenue per month as it has failed to impose an 1...

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News Update

04

Oct 2024

Oct 04, 2024 • 5 min read

Pakistan Expects $27 Billion Investment From Gulf Countries in 5 Years

Pakistan expects to receive investments worth $27 billion from Gulf countries in the next five years under the Special I...

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News Update

04

Oct 2024

Oct 04, 2024 • 5 min read

Weekly Inflation Increases Due to Rising Food Prices

The Sensitive Price Index (SPI)-based inflation for the week ended on October 03, 2024, increased by 0.44 percent mainly...

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News Update

04

Oct 2024

Oct 04, 2024 • 5 min read

The Vital Role of Public Sector in Delivering Goods and Services

Written By: Naveed Rafaqat Ahmad In a mixed economy, there are different types of organizations that serve various purpo...

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News Update

04

Oct 2024

Oct 04, 2024 • 5 min read

FBR Delegates Powers of Customs Officials to Frontier Corps Balochistan

The Federal Board of Revenue (FBR) has empowered the officers of Frontier Corps Balochistan (North/South) to exercise po...

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News Update

04

Oct 2024

Oct 04, 2024 • 5 min read

Govt Fixes New Value of Diyat for 2024-25

The federal government declared Rs. 8.1 million to be the value of 30,630 grams of silver as Diyat for the financial yea...

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News Update

04

Oct 2024

Oct 04, 2024 • 5 min read

Pakistan’s Exports of Sports Goods up 4% in Two Months of FY25  

Pakistan’s exports of sports goods witnessed an increase of 4.27 percent during the first two months of the current fisc...

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News Update

04

Oct 2024

Oct 04, 2024 • 5 min read

Escalation of Middle East Conflict Poses Significant Economic Risks: IMF

The International Monetary Fund Thursday said the potential for further escalation of the conflict in Middle East height...

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News Update

03

Oct 2024

Oct 03, 2024 • 5 min read

Mobilink Bank’s Invisible Heirs Campaign Bags Digital Nations Video Creativity Award at M360 APAC

Pakistan’s leading digital microfinance bank, Mobilink Bank, has achieved a significant milestone on the global stage by...

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News Update

03

Oct 2024

Oct 03, 2024 • 5 min read

SBP Reserves Surge to $10.7 Billion After IMF Loan 

The foreign exchange reserves held by the State Bank of Pakistan (SBP) posted an increase of over $1.1 billion on a week...

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News Update

03

Oct 2024

Oct 03, 2024 • 5 min read

Rupee in Red Against US Dollar, Gains Over Rs. 4.5 Against British Pound

The Pakistani rupee (PKR) posted losses against the US Dollar (USD) after opening trade at 278 in the interbank market....

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News Update

03

Oct 2024

Oct 03, 2024 • 5 min read

ECC Approves Increase in Maximum Retail Price of Anti-Rabies Vaccine 

Federal Minister for Finance Senator Muhammad Aurangzeb chaired the meeting of the Economic Coordination Committee (ECC)...

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News Update

03

Oct 2024

Oct 03, 2024 • 5 min read

NA Body Seeks Complete Details of Contracts with IPPs

The National Assembly Standing Committee on Power Division on Thursday sought complete detail of contracts made with Ind...

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News Update

03

Oct 2024

Oct 03, 2024 • 5 min read

SECP Considering Adopting IFRS Sustainability Disclosure Standards in Phase-wise Manner 

The Securities and Exchange Commission of Pakistan (SECP) is considering adopting IFRS Sustainability Disclosure Standar...

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News Update

03

Oct 2024

Oct 03, 2024 • 5 min read

Here’s How Retailers are Issuing Fake FBR Invoices to Steal Your Tax

Retailers have allegedly put on their entrepreneur hats this time to evade the Federal Board of Revenue’s (FBR) Point of...

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News Update

03

Oct 2024

Oct 03, 2024 • 5 min read

PSX Records Highest-Ever Closing After Gaining 754 Points  

The 100-Index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 754.76 more points...

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