News & Updates

News Update

05

Sep 2024

Sep 05, 2024 • 5 min read

OGRA Agrees to Defer September Diesel Imports

A meeting was convened on Wednesday with representatives from refineries and top-performing Oil Marketing Companies (OMC...

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News Update

05

Sep 2024

Sep 05, 2024 • 5 min read

CCP, Pakistan Advertisers Society Collaborate to Deter Deceptive Marketing Practices in Pakistan

The Competition Commission of Pakistan (CCP) and the Pakistan Advertisers Society (PAS) expand their collaboration promo...

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News Update

05

Sep 2024

Sep 05, 2024 • 5 min read

Meezan Bank, Mastercard Strengthen Strategic Partnership with More Offerings Across Pakistan

Meezan Bank, Pakistan’s leading Islamic bank and Mastercard, have announced the renewal of their strategic partnership....

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News Update

05

Sep 2024

Sep 05, 2024 • 5 min read

Cement Sales Down 12th Month in a Row

The unprecedented and extremely high tax measures leading to a huge increase in cement prices have led to a steep declin...

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News Update

05

Sep 2024

Sep 05, 2024 • 5 min read

Gold Rate in Pakistan Climbs After Two-Day Losing Streak

After falling by Rs. 2,400 per tola in the last two days, the price of gold in Pakistan rose on Thursday to settle at Rs...

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News Update

05

Sep 2024

Sep 05, 2024 • 5 min read

SBP Reserves Hit Highest Level Since July 2022

The foreign exchange reserves held by the State Bank of Pakistan (SBP) posted an increase of $33 million on a weekly bas...

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News Update

05

Sep 2024

Sep 05, 2024 • 5 min read

Google to Produce 0.5 Million Chromebooks in Pakistan by 2026

Global tech giant, Google, Thursday launched an initiative to produce half a million Chromebooks in Pakistan, marking th...

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News Update

05

Sep 2024

Sep 05, 2024 • 5 min read

Utility Stores to Offer Discounts on Almost 800 Items

In order to provide relief to the masses and make essential items more affordable, the Utility Stores Corporation (USC)...

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News Update

05

Sep 2024

Sep 05, 2024 • 5 min read

Pakistan’s Central Govt Debt Hits Rs. 69.6 Trillion in July 2024

The total public debt stock of the federal government increased by 12.7 percent on a year-on-year (YoY) basis in July 20...

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News Update

05

Sep 2024

Sep 05, 2024 • 5 min read

Govt to Review PSDP Spending Under IMF Directions

The Senate Standing Committee on Planning Development and Special Initiatives was informed on Thursday that the Internat...

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News Update

05

Sep 2024

Sep 05, 2024 • 5 min read

European Investment Bank Shows Interest in Funding Projects in Pakistan

The government of Pakistan shared a list of 12 potential projects for co-financing with the European Investment Bank (EI...

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News Update

05

Sep 2024

Sep 05, 2024 • 5 min read

Audit Detects Abnormal Increase in Afghan Transit Trade Cargo in FY23

The Auditor General of Pakistan (AGP) detected an abnormal increase of 69 percent in Afghan transit trade cargo during 2...

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News Update

05

Sep 2024

Sep 05, 2024 • 5 min read

Pakistan Applies for $1.75 Billion Loan from 3 International Lenders

The Finance Ministry has applied for a total of $1.75 billion in loans from three key financial institutions namely the...

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News Update

04

Sep 2024

Sep 04, 2024 • 5 min read

Audit Exposes Over Rs. 20 Million in Unauthorized Payments to USF Employees

The Auditor General of Pakistan has uncovered irregularities involving the payment of Rs. 20.654 million to employees of...

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News Update

04

Sep 2024

Sep 04, 2024 • 5 min read

Newly Renovated Protectorate of Emigrants Karachi Office Opens, Aimed at Empowering Overseas Pakistanis

Bank Alfalah successfully completed a comprehensive branding and renovation initiative at the Protectorate of Emigrants...

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News Update

04

Sep 2024

Sep 04, 2024 • 5 min read

Former Minister Urges SBP to Cut Interest by 4% Next Week

Former caretaker federal minister for Commerce and Industries Gohar Ejaz urged for reducing interest rates by 4 percent...

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News Update

04

Sep 2024

Sep 04, 2024 • 5 min read

Sindh Announces ‘Long-Term Plan’ to Tackle Power Crisis

The Sindh government has announced a long-term strategy to address the ongoing electricity crisis, differing from Punjab...

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News Update

04

Sep 2024

Sep 04, 2024 • 5 min read

Chakwal Spinning Mills Denies Reports of Insider Trading As it Prepares to Launch Cloud Operations

Chakwal Spinning Mills Limited (PSX: CLOUD) has strongly denied the news that its management was involved in inside trad...

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News Update

04

Sep 2024

Sep 04, 2024 • 5 min read

Pakistan Still Missing From IMF Board’s Meeting Agenda This Month

The International Monetary Fund (IMF) has not yet included Pakistan on the agenda of its executive board meetings schedu...

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News Update

04

Sep 2024

Sep 04, 2024 • 5 min read

Cotton Production Declines by Whopping 60% in August

Cotton production has declined by 60 percent in Punjab and Sindh as of August 31, 2024. This has put considerable pressu...

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News Update

04

Sep 2024

Sep 04, 2024 • 5 min read

CDA Cancels Layout Plan of Glade Vista Residence Due to Non-Compliance

The Capital Development Authority (CDA) has officially canceled the layout plan of the Glade Vista Residence, a 63-kanal...

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