News & Updates

News Update

20

Sep 2024

Sep 20, 2024 • 5 min read

Rupee Goes Up 8th Day in a Row Against US Dollar As Momentum Stays

The Pakistani rupee (PKR) gained more ground 8th day in a row against the US Dollar (USD) today after opening trade at 2...

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News Update

20

Sep 2024

Sep 20, 2024 • 5 min read

Finance Minister Paints a Rosy Picture of Pakistan’s Economy, Expects Lower Inflation in September 

Finance Minister Senator Muhammad Aurangzeb shared an update on the current economic situation and macroeconomic stabili...

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News Update

20

Sep 2024

Sep 20, 2024 • 5 min read

LESCO Refunds Rs. 80 Billion to Consumers After Overbilling Them

The Lahore Electric Supply Company (LESCO) has refunded Rs. 80 billion to consumers after overbilling, Energy Minister A...

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News Update

20

Sep 2024

Sep 20, 2024 • 5 min read

Saudi Oil Company Conditionally Succeeds in Public Offer to Buy Shell Pakistan

Wafi Energy has conditionally succeeded in its acquisition of shares in Shell Pakistan Limited after expiration of the a...

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News Update

20

Sep 2024

Sep 20, 2024 • 5 min read

ECC Approves Conditional Export of Sugar to Tajikistan

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb chaired the meeting of the Economic Coordination Com...

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News Update

20

Sep 2024

Sep 20, 2024 • 5 min read

BISP, SBP to Collaborate to Simplify Procedure for Payments of Stipends 

Benazir Income Support Programme (BISP) and State Bank of Pakistan have joined hands to develop a simplified procedure f...

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News Update

20

Sep 2024

Sep 20, 2024 • 5 min read

FFC to Merge With Fauji Fertilizer Bin Qasim Ltd

The Board of Directors of Fauji Fertilizer Company Limited (PSX: FFC), at their meeting held on September 20, 2024, appr...

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News Update

20

Sep 2024

Sep 20, 2024 • 5 min read

Shan Foods Establishes New Production Facility

Shan Foods inaugurated a state-of-the-art international standard production facility for its strategic partnership with...

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News Update

20

Sep 2024

Sep 20, 2024 • 5 min read

Pakistan’s Rice Exports Surge Almost 100% in Two Months of FY25 

Pakistan’s rice exports during the first two months of the current financial year (FY25) increased by 98.58 percent as c...

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News Update

20

Sep 2024

Sep 20, 2024 • 5 min read

FBR Starts Inquiry Against Officials Involved in Smuggling Solvent oil

The Chief Collector of Customs Enforcement Punjab has started an inquiry against officials allegedly involved in the smu...

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News Update

20

Sep 2024

Sep 20, 2024 • 5 min read

Senior Officer Lodges Complaint Against Recruitment Process of Pakistan Customs

A senior customs officer has raised concerns about the recruitment process done by the collectorate of Customs Islamabad...

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News Update

19

Sep 2024

Sep 19, 2024 • 5 min read

Here’s How Much Gold Price Has Increased in Pakistan in 2024  

The price of gold in Pakistan has been on a consistent upward trend since the start of the year, gaining almost Rs. 50,0...

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News Update

19

Sep 2024

Sep 19, 2024 • 5 min read

Govt Set to Appoint CEO PSEB After 2-Year Gap

The government of Pakistan is preparing to appoint a new Chief Executive Officer (CEO) for the Pakistan Software Export...

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News Update

19

Sep 2024

Sep 19, 2024 • 5 min read

Gold Rate in Pakistan Keeps Record-Breaking Run Going to Hit All-Time High  

After a slight decline on Wednesday, the price of gold in Pakistan surged to a new all-time high on Thursday as internat...

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News Update

19

Sep 2024

Sep 19, 2024 • 5 min read

Audit Uncovers Irregularities in PTA’s Contributory Provident Fund

A recent audit report has revealed significant irregularities in the Pakistan Telecommunication Authority’s (PTA) Contri...

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News Update

19

Sep 2024

Sep 19, 2024 • 5 min read

Cotton Arrivals Plunge to 40-Year Low

Cotton arrivals in Pakistan plunged to a 40-year low as of September 15, 2024, down by 64 percent, according to the Paki...

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News Update

19

Sep 2024

Sep 19, 2024 • 5 min read

FBR Has So Far Received 1.77 Million Income Tax Returns for FY24

The Federal Board of Revenue (FBR) has received 1.772 million income tax returns for the tax year 2024. Sources told Pro...

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News Update

19

Sep 2024

Sep 19, 2024 • 5 min read

Power Generation Down 17.4% in August As Fuel Cost Continues to Fall

Power generation in the country went down by 17.4 percent YoY to 13,179 gigawatts per hour (GWh) in August 2024, and dow...

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News Update

19

Sep 2024

Sep 19, 2024 • 5 min read

Car Financing Falls 26th Month in a Row

Car financing continued to fall 26 months in a row, down 18.3 percent YoY to Rs. 227 billion by the end of August from R...

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News Update

19

Sep 2024

Sep 19, 2024 • 5 min read

SBP Reserves Cross $9.5 Billion Level for First Time in Over Two Years  

The foreign exchange reserves held by the State Bank of Pakistan (SBP) posted an increase of $43 million on a weekly bas...

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News Update

19

Sep 2024

Sep 19, 2024 • 5 min read

FBR Has Failed to Resolve Rs. 3.76 Trillion in Pending Tax Cases So Far

Tax cases worth Rs. 3.76 trillion remain pending across the Supreme Court, High Courts, and Appellate Tribunals, sources...

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