News & Updates

News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

FFC Signs MoU with HBL to Boost Farmer Financing

Fauji Fertilizer Company Limited (FFC), a key contributor to national growth, has partnered with Habib Bank Limited (HBL...

Read Full Article

News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

Govt to Link Increase in Pensions to Inflation Rate

The Finance Ministry will most likely scrap the lump sum increase in pensions of retired civil servants and instead incr...

Read Full Article

News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

Finance Division Announces Up to 26% Adhoc Relief Allowance for Govt Employees

The government has decided that the grant of Adhoc Relief Allowance-2023 will also apply to the employees of Autonomous/...

Read Full Article

News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

Airlink Becomes Premium Partner for Apple’s Distributor in Pakistan

GNEXT, Apple’s authorized distributor for Pakistan, today announced Air Link Communication Limited (PSX: AIRLINK) as its...

Read Full Article

News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

Another Relief in Electricity Bills Announced by Power Division

As electricity bills continue to weigh heavily on Pakistan’s citizens, the Power Division has announced a relief of up t...

Read Full Article

News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

PSX Gains 365 Points on Expectations of Policy Rate Cut 

The 100-Index of the Pakistan Stock Exchange (PSX) on Thursday turned around to bullish trend, gaining 365.82 points, a...

Read Full Article

News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

Over 100 Housing Schemes Declared Illegal in Peshawar

The Department of Local Government in Peshawar has identified 104 illegal and unregistered housing schemes and announced...

Read Full Article

News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

IMF Board to Discuss Pakistan’s $7 Billion Loan on September 25

The International Monetary Fund (IMF) confirmed on Thursday that its Executive Board will meet on September 25 to discus...

Read Full Article

News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

CCP Approves Merger of Two Consumer Electronics Companies  

The Competition Commission of Pakistan (CCP) has granted approval for the merger between DWP Engineering Industries (Pri...

Read Full Article

News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

SBP Governor Expects IMF Board Approval for $7 Billion Loan This Month  

State Bank of Pakistan (SBP) Governor Jameel Ahmad Thursday said that Pakistan has arranged the $2 billion external fina...

Read Full Article

News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

Rupee Maintains Positive Momentum Against US Dollar 3rd Day in a Row

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

Read Full Article

News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

Real Estate Market Falls in Islamabad and Lahore

The real estate market maintained a mixed trend as the commercial capital witnessed moderate growth in values, but major...

Read Full Article

News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

SBP Cuts Key Interest Rate 3rd Time in 3 Months

The State Bank of Pakistan (SBP) announced on Thursday that it has decreased the interest rate by 200 basis points to 17...

Read Full Article

News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

Petrol and Diesel Prices Likely to See Massive Decrease This Week

MS petrol and High-Speed Diesel (HSD) prices are expected to fall this week due to a decline in international oil prices...

Read Full Article

News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

SBP Issues Clarification on New Banknote Designs  

The State Bank of Pakistan (SBP) Thursday issued a clarification regarding the results of the Art Competition for themat...

Read Full Article

News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

Traders, Industry Disappointed With ‘Inadequate’ SBP Rate Cut

Atif Ikram Sheikh, President FPCCI, has apprised that the business, industry, and trade community of Pakistan is disappo...

Read Full Article

News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

Faysal Bank and Mastercard Renew Partnership for Faysal Islami Noor Card

Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, is pleased to announce the renewal of its strategic...

Read Full Article

News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

HBL Hosts “HBL China Story” Session: Marking Over a Decade of Partnership and Progress

HBL hosts the “HBL China Story” session, bringing together colleagues to discuss the significance of the Bank’s journey...

Read Full Article

News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

Cabinet Okays Measures to Increase Imports Through Gwadar Port 

The Federal Cabinet Thursday approved a proposal of the Ministry of Maritime Affairs directing all the government depart...

Read Full Article

News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

SBP Reserves Close in on $9.5 Billion Mark After Another Weekly Increase

The foreign exchange reserves held by the State Bank of Pakistan (SBP) posted an increase of $30 million on a weekly bas...

Read Full Article

News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

Saudi Aramco to Launch First Gas Station in Pakistan by Year End

State-controlled oil company Saudi Aramco is planning to launch its first branded retail gas station in Pakistan by the...

Read Full Article