News & Updates

News Update

31

Aug 2024

Aug 31, 2024 • 5 min read

Ahsan Iqbal Appointed Deputy Chairman of Planning Commission After Jehanzeb Khan Resigns

Prime Minister Shehbaz Sharif Friday accepted the resignation of Mohammad Jehanzeb Khan from the post of Deputy Chairman...

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News Update

31

Aug 2024

Aug 31, 2024 • 5 min read

Govt Again Slashes Price of Petrol and Diesel

For the second time this month, the federal government announced a reduction in the prices of petroleum products on Satu...

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News Update

30

Aug 2024

Aug 30, 2024 • 5 min read

Rupee Ends August With Small Gains Against US Dollar, Other Currencies

The Pakistani rupee (PKR) ended the last week of August with gains against the US Dollar today after opening trade at 27...

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News Update

30

Aug 2024

Aug 30, 2024 • 5 min read

Weekly Inflation Comes in at 27-Month Low of 15.34%

The Sensitive Price Index (SPI)-based inflation for the week ended August 29, 2024, depicted an increase of 15.34 percen...

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News Update

30

Aug 2024

Aug 30, 2024 • 5 min read

Only 1 in 10 Pakistanis Believe Country is Headed in Right Direction

Only 1 in 10 Pakistanis believe that country is headed in the right direction with rural population more optimistic than...

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News Update

30

Aug 2024

Aug 30, 2024 • 5 min read

SECP Issues New Disclosure Requirements of Financial Statements by Listed Companies

SECP Issues New Disclosure Requirements of Financial Statements by Listed Companies The Securities and Exchange Commissi...

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News Update

30

Aug 2024

Aug 30, 2024 • 5 min read

Banks Ordered to Remove Limits on Fund Transfers for e-IPO Transactions

Pakistan Stock Exchange (PSX) and Central Depository Company of Pakistan Limited (CDC), under the aegis of and in close...

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News Update

30

Aug 2024

Aug 30, 2024 • 5 min read

Pakistan to Pay Off Rs. 60 Trillion of its Total Debt By 2032

Pakistan is scheduled to pay nearly Rs. 60 trillion in debt servicing for the period 2024-2032 of which Rs. 18.3 trillio...

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News Update

30

Aug 2024

Aug 30, 2024 • 5 min read

Salaried Class Make Highest Tax Contribution, Retailers and Landowners Fall Short

Only 270,000 (8.7 percent) of 3.1 million retailers across Pakistan filed tax returns during the previous tax year, payi...

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News Update

30

Aug 2024

Aug 30, 2024 • 5 min read

Moody’s Upgrades Ratings of 5 Pakistani Banks to Positive

Moody’s Ratings (Moody’s) upgraded the long-term deposit ratings to Caa2 from Caa3 of five Pakistani banks: Allied Bank...

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News Update

30

Aug 2024

Aug 30, 2024 • 5 min read

JS Bank Records Growth in 1H-CY24 – 511% YoY Growth in Consolidated Profit After Tax

JS Bank, one of the fastest-growing banks in Pakistan, announced its financial performance for the first half of 2024. T...

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News Update

30

Aug 2024

Aug 30, 2024 • 5 min read

Cabinet Approves Financing Agreement for Karachi-Peshawar Railway (ML-1) Project

The federal cabinet on Friday made an important decision to approve the financing agreement between Pakistan Railways an...

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News Update

30

Aug 2024

Aug 30, 2024 • 5 min read

Telenor Microfinance Bank Posts Record Profit in H1 2024

The Board of Directors of Telenor Microfinance Bank (TMB) in its meeting held on August 22, 2024, approved the Bank’s fi...

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News Update

30

Aug 2024

Aug 30, 2024 • 5 min read

PSX Continues Bullish Trend, Gains 138 Points

The 100-Index of the Pakistan Stock Exchange (PSX) continued with Bullish trend on Friday, gaining 138.55 more points, s...

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News Update

30

Aug 2024

Aug 30, 2024 • 5 min read

Govt Expects Inflation to Fall to 9.5-10.5% Range in August

The government expects inflation to remain within the range of 9.5-10.5 percent in August due to stability in economic i...

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News Update

30

Aug 2024

Aug 30, 2024 • 5 min read

PIA Sale Will Be Completed by 1st October: Privatization Commission Secretary

The privatization of Pakistan International Airlines (PIA) will be completed by 1st October 2024, Secretary Privatizatio...

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News Update

30

Aug 2024

Aug 30, 2024 • 5 min read

Listed Banks Post Rs. 137 Billion Profit in Q2 2024

Pakistan’s listed banks’ profitability clocked in at Rs. 137 billion, up 4 percent YoY in 2Q2024. Excluding National Ban...

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News Update

30

Aug 2024

Aug 30, 2024 • 5 min read

OGDC Discovers Gas and Condensate in Sindh

The Joint Venture of Sinjhoro Block comprising Oil & Gas Development Company Limited (PSX: OGDC), Orient Petroleum (19 p...

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News Update

29

Aug 2024

Aug 29, 2024 • 5 min read

Govt Has No Plan to Tax Imported Solar Panels: Minister

Minister of Energy (Power Division) Sardar Awais Ahmad Khan Leghari Thursday said that the government has no intention t...

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News Update

29

Aug 2024

Aug 29, 2024 • 5 min read

Foreign Investors Sent 6,450% More Profit Out of Pakistan in July 2024

The repatriation of profits and dividends from foreign investments in Pakistan skyrocketed to $139 million in the first...

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News Update

29

Aug 2024

Aug 29, 2024 • 5 min read

SBP Designates Domestic Systemically Important Banks for 2024

The State Bank of Pakistan has announced the designation of D-SIBs for the year 2024 under the Framework for ‘Domestic S...

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