News & Updates

News Update

24

Sep 2024

Sep 24, 2024 • 5 min read

Supreme Court Dismisses Appeals Against Duty on Garment Packaging Raw Material

The Supreme Court on Monday dismissed appeals against the regulatory duty on the import of raw materials for garment pac...

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News Update

24

Sep 2024

Sep 24, 2024 • 5 min read

PM Forms Committee to Promote Local Manufacturing of EVs in Pakistan

The Prime Minister has formed a policy committee to promote local manufacture and early adoption of Electric Vehicles (E...

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News Update

24

Sep 2024

Sep 24, 2024 • 5 min read

Mari Petroleum to Invest Rs. 10 Billion in Tech-Focused Subsidiary  

Mari Petroleum Company Limited (MPCL) is set to invest Rs. 10 billion in its proposed wholly owned tech-focused subsidia...

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News Update

24

Sep 2024

Sep 24, 2024 • 5 min read

FBR Tax Offices to Remain Open on September 28, 29

The Federal Board of Revenue (FBR) Tuesday announced that all its field formations will remain open on Saturday & Sunday...

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News Update

24

Sep 2024

Sep 24, 2024 • 5 min read

Qist Bazaar Raises $3.2 Million in Series A Round

Qist Bazaar, Pakistan’s leading Buy Now Pay Later (BNPL) fintech startup, announced today that it has secured US$3.2 mil...

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News Update

24

Sep 2024

Sep 24, 2024 • 5 min read

Rupee Rebounds Against US Dollar, Crashes Below 371 Against British Pound

The Pakistani rupee (PKR) reversed yesterday’s losses against the US Dollar (USD) today after opening trade at 278 in th...

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News Update

24

Sep 2024

Sep 24, 2024 • 5 min read

Govt to Soon Introduce Scheme to Buy Smartphones on Installments 

Minister of State for Information Technology and Telecommunication Shaza Fatima Tuesday revealed that the Law Department...

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News Update

24

Sep 2024

Sep 24, 2024 • 5 min read

Organic Meat Company Ltd Secures $12 Million Deal to Export Frozen Beef to China

The Organic Meat Company Limited (PSX: TOMCL) has successfully secured a big contract for the supply of frozen cooked be...

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News Update

23

Sep 2024

Sep 23, 2024 • 5 min read

Rupee Ends 8-Day Winning Streak Against US Dollar, Stays At 277

The Pakistani rupee (PKR) reversed its 8-day winning streak against the US Dollar (USD) today after opening trade at 278...

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News Update

23

Sep 2024

Sep 23, 2024 • 5 min read

Man Caught Smuggling Dozens of iPhone 16 Pro Max at Islamabad Airport

The Customs authorities have seized over two dozen imported phones, including the newly launched iPhone 16 Pro Max at Is...

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News Update

23

Sep 2024

Sep 23, 2024 • 5 min read

OGDC and Chinese Drilling Company Ink MoU for Gas Development in Pakistan

During the ongoing 8th Silk Road International Expo for Investment and Trade Forum in Xian, China, an MOU was signed bet...

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News Update

23

Sep 2024

Sep 23, 2024 • 5 min read

SBP Allows Exchange Companies to Import US Dollars Till June 2025

The State Bank of Pakistan (SBP) has allowed exchange companies to import US dollars till June 2025. “Attention of Excha...

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News Update

23

Sep 2024

Sep 23, 2024 • 5 min read

Gold Price in Pakistan Falls Slightly But Remains Over Rs. 270,000 Per Tola

After surging to a record high of Rs. 272,500 per tola on September 21, the price of gold eased slightly on Monday.   Ac...

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News Update

23

Sep 2024

Sep 23, 2024 • 5 min read

OGDC Profit Falls 7% to Rs. 208.9 Billion in FY24 

The Oil & Gas Development Company Limited (PSX: OGDC) has announced a profit after tax (PAT) of Rs. 208.9 billion (EPS:...

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News Update

23

Sep 2024

Sep 23, 2024 • 5 min read

Farmers Warn 18% Sales Tax on Tractors Will Be Disastrous

The poor farmers and agriculturists have expressed serious concern over the Federal Board of Revenue (FBR) proposal to r...

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News Update

23

Sep 2024

Sep 23, 2024 • 5 min read

Investment-to-Deposite Ratio Crosses 100% Milestone, Advance-to-Deposit Hits All-Time Low

For the first time, the Investment-to-Deposit Ratio (IDR) has crossed 100 percent while the Advance-to-Deposit (ADR) rat...

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News Update

23

Sep 2024

Sep 23, 2024 • 5 min read

EDF Board Approves 20 Proposals Worth Rs. 8.5 Billion for Export Growth

The Export Development Fund (EDF) Board has approved 20 out of 29 financial proposals worth over Rs. 8.5 billion for sec...

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News Update

23

Sep 2024

Sep 23, 2024 • 5 min read

PSX Loses 223 Points to Fall Below 82,000 Level 

The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Monday, losing 223.95 points, a negative c...

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News Update

23

Sep 2024

Sep 23, 2024 • 5 min read

IMF Loans Exclusively Used for Balance of Payments: SBP

Foreign exchange received as loans from the International Monetary Fund (IMF) is exclusively used to manage balance of p...

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News Update

23

Sep 2024

Sep 23, 2024 • 5 min read

Sazgar’s Profit Grows by Nearly 700% in FY24 

Sazgar Engineering Works Limited (PSX: SAZEW) has announced a profit after tax (PAT) of Rs. 7.93 billion (EPS: Rs. 131.2...

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News Update

23

Sep 2024

Sep 23, 2024 • 5 min read

Badiuddin Akber Elected Chairman of ACG Executive Committee

Badiuddin Akber, CEO-Central Depository Company of Pakistan Limited, has been elected as the Chairman of the Executive C...

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