News & Updates

News Update

20

Aug 2024

Aug 20, 2024 • 5 min read

Senate Body Agrees to Dissolve Ministry of Industries, Petroleum Division

The Senate Functional Committee on Devolution on Monday decided to dissolve the Ministry of Industries and Production an...

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News Update

20

Aug 2024

Aug 20, 2024 • 5 min read

Scottish Company Secures £53 Million Deal to Supply Mining Equipment to Reko Diq

Glasgow-based mining technology company Weir Group has inked a £53 million deal to supply mining equipment (grinding, se...

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News Update

20

Aug 2024

Aug 20, 2024 • 5 min read

Commerce Minister Stresses Reforms in Pakistan’s Gems and Jewelry Sector

Federal Minister for Commerce Jam Kamal Khan Tuesday stressed reforms and growth in Pakistan’s gems and jewelry sector f...

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News Update

20

Aug 2024

Aug 20, 2024 • 5 min read

Pakistani Solar Company ‘SkyElectric’ Breaks Ground in Japanese Market in Pursuit of Global Expansion

Pakistan’s prestigious solar technology brand, SkyElectric has achieved a momentous breakthrough in the Japanese market...

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News Update

20

Aug 2024

Aug 20, 2024 • 5 min read

IPPs Have Received Over Rs. 1.2 Trillion in Tax Relief While Power Consumers Suffer

Independent Power Producers (IPPs) in Pakistan have enjoyed substantial tax exemptions to the tune of Rs. 1.217 trillion...

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News Update

20

Aug 2024

Aug 20, 2024 • 5 min read

Pakistan Has Imported Only Life-Saving Medicines From India Since 2019 Trade Ban

Pakistan has imported only life-saving medicines from India since the August 2019 trade ban, according to official docum...

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News Update

20

Aug 2024

Aug 20, 2024 • 5 min read

CCP Engages All Stakeholders in Proposed PTCL-Telenor Merger as Decision Nears

The Competition Commission of Pakistan (CCP) is currently conducting an in-depth Phase II Merger analysis in response to...

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News Update

20

Aug 2024

Aug 20, 2024 • 5 min read

FBR Owes Rs. 85 Billion in Sales Tax Refunds to Exporters, SSGC

The financial burden of pending sales tax refunds to exporters and companies has climbed to Rs. 85 billion so far this f...

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News Update

20

Aug 2024

Aug 20, 2024 • 5 min read

PostEx Raises $7.3 Million in Pre-Series A Round to Cater Merchants in GCC Market

PostEx, one of Pakistan’s leading fintechs, has raised $7.3 million in a pre-Series A funding round. The round was led b...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

Chakwal Spinning Mills to Launch Data Centre, Cloud Operations in Pakistan

Chakwal Spinning Mills Limited has signed the term sheet for investment of Rs. 7.784 billion with PNO Capital Limited fo...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

Foreign Direct Investment Up by 64% in July 2024

The net Foreign Direct Investment (FDI) in the country stood at $136 million in July 2024, up 64 percent over the FDI of...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

Freelancers Urge Immediate End to Internet Disruptions in Pakistan

The Pakistan Freelancers Association (PAFLA), a representative body of freelancers countrywide, has called on relevant a...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

Gold Price in Pakistan Declines Marginally But Remains Near Record High

The price of gold in Pakistan retreated marginally on Monday but remained near the all-time high. According to data issu...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

Govt Taking All Measures to Facilitate Investments: Finance Minister

President and GCEO Mashreq Bank Ahmed Abdelaal called on Federal Minister for Finance Senator Muhammad Aurangzeb virtual...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

Ghandara Tyre Ends 7-Year Partnership With Dutch Supplier, Signs New Deal With Chinese Company

Ghandhara Tyre & Rubber Company Limited (PSX: GTYR) and Dutch firm Continental Global Holding Netherlands B.V. have ende...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

FFBL Shareholders Approve Sale of Land to Fauji Foundation for Rs. 856 Million

The shareholders of Fauji Fertilizer Bin Qasim Limited (PSX: FFBL) have approved the sale of land owned by the company l...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

Sindh Chamber of Agriculture Opposes Further Increase in Sales Tax Rate on Tractors

Sindh Chamber of Agriculture has approached Prime Minister Shehbaz Sharif against abnormal increases in prices of agricu...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

Water at Tarbela Dam Reaches Full Capacity

Tarbela Dam, the largest water reservoir in the country, reached its full conservation capacity of 1,550 feet on Monday,...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

Pakistan Imported Mobile Phones Worth Rs. 18 Billion in First Month of FY25

The country imported mobile phones worth $64.504 million in the first month (July) of the current fiscal year 2024-25, r...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

Fake News Alert: ATMs and Online Banking Are Not Down in Pakistan

The National Computer Emergency Response Team (nCERT) has issued a cybersecurity advisory in response to misleading info...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

K-Electric to Double Pakistan’s Solar Energy Capacity in Next 2 Years

K-Electric Limited plans to add 640 megawatts of clean energy to its portfolio within the next two years which would dou...

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