News & Updates

News Update

01

Oct 2024

Oct 01, 2024 • 5 min read

Sateri Targets Increased Share of Growing Lyocell Market in Pakistan

Sateri, a leading global producer of man-made cellulosic fiber (MMCF), is set to enhance its presence in Pakistan’s burg...

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News Update

30

Sep 2024

Sep 30, 2024 • 5 min read

Hub Power Company to Build Plant for Producing 50,000 EVs Per Year

The Board of Directors of the Hub Power Company Limited (PSX: HUBC) informed shareholders at its annual general meeting...

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News Update

30

Sep 2024

Sep 30, 2024 • 5 min read

Pakistan is Getting A Digital Payment Index Soon

A Digital Payment Index (DPI) has been planned at a national level to put a navigator in place that tracks and assesses...

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News Update

30

Sep 2024

Sep 30, 2024 • 5 min read

PSX Kicks Off Week on Bearish Note, Loses 178 Points 

The 100-Index of the Pakistan Stock Exchange (PSX) continued with bearish trend on Monday, losing 177.93 points to close...

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News Update

30

Sep 2024

Sep 30, 2024 • 5 min read

FBR Responds to Requests of Income Tax Return Filing Deadline Extension

The proposal sent to the Prime Minister to extend the return filing deadline is not even under consideration, Chairman F...

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News Update

30

Sep 2024

Sep 30, 2024 • 5 min read

Govt Reduces Prices of Petrol, Diesel Once Again

The federal government has once again announced a decrease in the prices of petroleum products. This is the fifth consec...

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News Update

30

Sep 2024

Sep 30, 2024 • 5 min read

DHA Challenges FED on Transfer of Properties in Finance Act 2024

Islamabad High Court (IHC) has taken up the case of the Defence Housing Authority (DHA) Islamabad on the imposition of F...

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News Update

30

Sep 2024

Sep 30, 2024 • 5 min read

Rupee Ends September With Small Losses Against US Dollar

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

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News Update

30

Sep 2024

Sep 30, 2024 • 5 min read

Mari Petroleum to Cash in on Bonus Shares of Non-Compliant Shareholders

Mari Petroleum Company Limited (PSX: MARI) has decided to sell bonus shares of non-compliant shareholders who don’t pay...

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News Update

30

Sep 2024

Sep 30, 2024 • 5 min read

Faysal Bank Partners with Mastercard and 1LINK to Launch Shariah Compliant Co-Badged Debit Card

In a landmark move set to reshape the digital payments landscape in Pakistan, Faysal Bank Limited (FBL) has entered into...

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News Update

30

Sep 2024

Sep 30, 2024 • 5 min read

NA Panel Unhappy With BISP Performance

The National Assembly’s Standing Committee on Poverty Alleviation convened for a detailed briefing from the Ministry of...

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News Update

30

Sep 2024

Sep 30, 2024 • 5 min read

Establishment Division Objects Selection Process for DG PSQCA

The Establishment Division has raised objections over the selection process for the appointment of the Director General...

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News Update

30

Sep 2024

Sep 30, 2024 • 5 min read

This Mobility Startup is Doing What Others Couldn’t – But How?

The founder of Karachi-based mobility startup BusCaro Maha Shahzad recently shed light on the company’s journey and its...

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News Update

30

Sep 2024

Sep 30, 2024 • 5 min read

FBR Announces Bad News for Income Tax Return Filers [Updated]

Update: The Federal Board of Revenue has taken a U-turn and extendedthe deadline. The Federal Board of Revenue (FBR) has...

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News Update

30

Sep 2024

Sep 30, 2024 • 5 min read

Gold Rate in Pakistan Falls Marginally But Hovers Near Record High 

The price of gold in Pakistan fell marginally on Monday but remained above the Rs. 275,000 per tola mark.  According to...

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News Update

30

Sep 2024

Sep 30, 2024 • 5 min read

Pakistan’s Economy Grows by 3.07% in Q4 

Pakistan’s economy has posted a stable growth of 3.07 percent during Q4 of FY 2023-24, according to the estimates approv...

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News Update

30

Sep 2024

Sep 30, 2024 • 5 min read

Textile Millers Seek Competitive Electricity Tariff 

The newly elected Chairman of All Pakistan Textile Mills Association (APTMA) Kamran Arshad has urged policymakers to red...

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News Update

30

Sep 2024

Sep 30, 2024 • 5 min read

Privatization Commission Rejects Bidders Request to Exempt FED on PIA Tickets 

The Privatization Commission has reportedly rejected request by bidders to exempt Federal Excise Duty (FED) on tickets o...

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News Update

30

Sep 2024

Sep 30, 2024 • 5 min read

Govt Hikes LPG Price for October

The Oil and Gas Regulatory Authority (OGRA) has increased the price of indigenous liquefied petroleum gas (LPG) by Rs. 7...

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News Update

30

Sep 2024

Sep 30, 2024 • 5 min read

PM Shehbaz to Personally Take Final Decision on Extending Return Filing Date Today

Prime Minister Shehbaz Sharif will take the final decision on the expected extension in the filing of income tax returns...

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News Update

30

Sep 2024

Sep 30, 2024 • 5 min read

Yousaf Hussain Takes Over as OICCI President for 2024-2026 Term

President and CEO of Faysal Bank Ltd. Yousaf Hussain has been elected as the new president of the Overseas Investors Cha...

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