News Update

19

Sep 2024

Sep 19, 2024 • 5 min read

Faysal Asset Management Limited Achieves ‘AM1’ Management Quality Rating from VIS, a Credit Rating Company

Faysal Asset Management Limited (FAML), a subsidiary of Faysal Bank Limited, proudly announces that it has attained a Ma...

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News Update

19

Sep 2024

Sep 19, 2024 • 5 min read

Govt Considers Setting Up New Steel Mill in Karachi With Russia

The government is considering a proposal to establish a new steel mill in Karachi with Russian cooperation and both coun...

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News Update

19

Sep 2024

Sep 19, 2024 • 5 min read

US Fed Makes Larger Half-Point Cut in First Reduction Since 2020

The US Federal Reserve cut its key lending rate by half a percentage-point Wednesday in its first reduction since the on...

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News Update

19

Sep 2024

Sep 19, 2024 • 5 min read

Pakistan Needs to Pay Off $100 Billion Debt in Next 4 Years: Minister of State for Finance

The Deputy Finance Minister emphasized that Pakistan must arrange for $100 billion in external financing over the next f...

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News Update

19

Sep 2024

Sep 19, 2024 • 5 min read

Pakistan Keen to Expand Trade, Security Cooperation with Russia: PM

Prime Minister Shehbaz Sharif Thursday said that Pakistan was keen to expand trade, economic, energy, connectivity and...

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News Update

19

Sep 2024

Sep 19, 2024 • 5 min read

EAD Demands Additional Rs. 196 Billion Rupee Cover for Foreign Funded Projects

The Economic Affairs Division has demanded an additional Rs. 196 billion ($664 million) to address rupee cover for effic...

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News Update

19

Sep 2024

Sep 19, 2024 • 5 min read

Govt Unveils New Rs. 487 Billion Power Subsidy Plan Despite IMF Warnings

The Ministry of Energy has outlined a new government strategy to provide Rs. 487 billion in subsidies for power sector c...

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News Update

19

Sep 2024

Sep 19, 2024 • 5 min read

PSX Surges to All Time High After Crossing 82,000 Mark for the First Time Ever

The Pakistan Stock Exchange (PSX) rallied above 82,000 in today’s trading session as bulls took control of the market in...

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News Update

19

Sep 2024

Sep 19, 2024 • 5 min read

Rupee Ascends to 277 Against US Dollar After 7th Consecutive Increase

The Pakistani rupee (PKR) rose 7th day in a row against the US Dollar (USD) today after opening trade at 278 in the inte...

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News Update

18

Sep 2024

Sep 18, 2024 • 5 min read

500,000 Houses to Be Built Under “Apna Ghar Apni Chhat” Scheme

Punjab Chief Minister Maryam Nawaz chaired a provincial cabinet meeting, where several key projects and policies were ap...

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News Update

18

Sep 2024

Sep 18, 2024 • 5 min read

NEPRA Starts Legal Proceedings Against Three IPPs Over Electricity Restoration Delays

The National Electric Power Regulatory Authority (NEPRA) has started legal proceedings against three independent power p...

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News Update

18

Sep 2024

Sep 18, 2024 • 5 min read

Roshan Digital Account Inflows Increase to $165 Million in August

Gross foreign exchange inflows through the Roshan Digital Accounts (RDAs) stood at $165 million in August 2024, compared...

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News Update

18

Sep 2024

Sep 18, 2024 • 5 min read

Pakistan’s Current Account Turns Green With Surplus of $75 Million in August 2024

Pakistan’s current account balance posted a surplus of $75 million in August 2024, according to data released by the Sta...

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News Update

18

Sep 2024

Sep 18, 2024 • 5 min read

Easypaisa is Charging People for Failing Biometric Verification

(The story was updated with easypaisa’s response to the article.) Easypaisa has been deducting Rs. 99 from users’ accoun...

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News Update

18

Sep 2024

Sep 18, 2024 • 5 min read

Rupee Rises 6th Day in a Row Against US Dollar As It Nears 277

The Pakistani rupee (PKR) rose 6th day in a row against the US Dollar (USD) today after opening trade at 278 in the inte...

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News Update

18

Sep 2024

Sep 18, 2024 • 5 min read

Foreign Direct Investment in Pakistan Increases by 51% in August

The net Foreign Direct Investment (FDI) in the country stood at $214 million in August 2024, up 51 percent over the FDI...

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News Update

18

Sep 2024

Sep 18, 2024 • 5 min read

Loads Limited Writes Off Rs. 1.31 Billion Loan for Subsidiary

The Board of Directors of Loads Limited (PSX: LOADS) in its meeting held today has approved the writing off of a loan am...

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News Update

18

Sep 2024

Sep 18, 2024 • 5 min read

IT Exports Surge by 27% YoY in August 2024

Pakistan recorded monthly IT exports of US$ 298 million, up by 27 percent YoY and by 4 percent MoM in August 2024. These...

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News Update

18

Sep 2024

Sep 18, 2024 • 5 min read

Banking Sector Profit Grows by 1.1% in H1 2024

The earnings of the banking sector slowed down, as the after-tax profit grew only by 1.1 percent to Rs. 287 billion in H...

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News Update

18

Sep 2024

Sep 18, 2024 • 5 min read

LESCO Grants Relief Worth Millions to Consumers for Overbilling

Lahore Electric Supply Company (LESCO) has provided significant relief to consumers by issuing credit adjustments amount...

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News Update

18

Sep 2024

Sep 18, 2024 • 5 min read

Gold Price in Pakistan Eases Slightly After Nearing Rs. 270,000 Per Tola Mark

The price of gold in Pakistan posted a slight decline on Tuesday to close the day at Rs. 267,700 per tola. According to...

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News & Updates

Faysal Asset Management Limited Achieves ‘AM1’ Management Quality Rating from VIS, a Credit Rating Company

Govt Considers Setting Up New Steel Mill in Karachi With Russia

US Fed Makes Larger Half-Point Cut in First Reduction Since 2020

Pakistan Needs to Pay Off $100 Billion Debt in Next 4 Years: Minister of State for Finance

Pakistan Keen to Expand Trade, Security Cooperation with Russia: PM

EAD Demands Additional Rs. 196 Billion Rupee Cover for Foreign Funded Projects

Govt Unveils New Rs. 487 Billion Power Subsidy Plan Despite IMF Warnings

PSX Surges to All Time High After Crossing 82,000 Mark for the First Time Ever

Rupee Ascends to 277 Against US Dollar After 7th Consecutive Increase

500,000 Houses to Be Built Under “Apna Ghar Apni Chhat” Scheme

NEPRA Starts Legal Proceedings Against Three IPPs Over Electricity Restoration Delays

Roshan Digital Account Inflows Increase to $165 Million in August

Pakistan’s Current Account Turns Green With Surplus of $75 Million in August 2024

Easypaisa is Charging People for Failing Biometric Verification

Rupee Rises 6th Day in a Row Against US Dollar As It Nears 277

Foreign Direct Investment in Pakistan Increases by 51% in August

Loads Limited Writes Off Rs. 1.31 Billion Loan for Subsidiary

IT Exports Surge by 27% YoY in August 2024

Banking Sector Profit Grows by 1.1% in H1 2024

LESCO Grants Relief Worth Millions to Consumers for Overbilling

Gold Price in Pakistan Eases Slightly After Nearing Rs. 270,000 Per Tola Mark

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