News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

Rupee Continues to Recover Against US Dollar Despite Exclusion from IMF Agenda

The Pakistani rupee (PKR) was stable against the US Dollar today after opening trade at 278 in the interbank market. It...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

Pakistan’s Real Effective Exchange Rate Spikes to 101.5 in July 2024

Pakistan’s Real Effective Exchange Rate (REER) rose by 1.41 percentage points to 101.47 in July 2024. According to the l...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

Growing in ‘Unity’ – Unity Foods’ Commitment to Humanity

In a world where businesses cannot thrive in isolation, Unity Foods stands as a beacon of hope and progress, embodying t...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

Pakistan’s Current Account Posts $162 Million Deficit in July

Pakistan’s Current Account Deficit (CAD) shrank by 78 percent in July 2024 to $162 million compared to a deficit of $741...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

IT Exports Surge By 34% YoY in July 2024

The country’s information technology and IT-enabled services (ITeS) export remittances comprising computer services and...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

Banking Sector Deposits Near Rs. 31 Trillion in July 2024

Banking sector deposits have maintained their steady growth since the turn of the new year, posting a 19.1 percent year-...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

NA Panel Reviews Impact of Pakistan’s First National Tariff Policy

The National Assembly’s Standing Committee on Commerce, chaired by Javed Hanif Khan, reviewed the outcomes of Pakistan’s...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

PM Shehbaz Summons $20 Billion Investment Plan For Next 5 Years

Prime Minister Shehbaz Sharif has directed all ministries to submit a $20 billion investment strategy for 94 key project...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

CCP Issues Show-Cause Notices to Goods Transporters Over Collusion to Raise Freight Rates

The Competition Commission of Pakistan (CCP) has issued show-cause notices to the Transporters of Goods Association (TGA...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

Govt Considering Providing Cheap Electricity to EV Charging Stations

The Ministry of Energy (Power Division) on Monday said that it has prepared a draft of standard for setting up of chargi...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

PM Directs to Bring 50% of All Public Sector Cargo Through Gwadar Port

Prime Minister Shehbaz Sharif on Monday explicitly instructed the concerned authorities to bring 50 percent of all publi...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

FBR Refuses Retired Military Officer’s Request to Transfer His Currency Smuggling Case to ADRC

The Federal Board of Revenue (FBR) has decided that the Alternative Dispute Resolution Commission (ARDC) has no mandate...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

Konnect by HBL Crowns Valorant Champions

Konnect by HBL (Konnect), the Bank’s branchless banking platform, held its third Aur Khelo tournament, featuring the gam...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

Govt Likely to Charge Fuel Price Adjustment in Gas Bills

The federal government has decided to introduce a fuel price adjustment mechanism for both commercial and residential co...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

LESCO Announces Relief for August and September Bills

In a significant development, the Punjab government has announced an extensive electricity relief package for domestic c...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

Pakistan to Allow Commercial Cultivation of Hemp from January 2025

The government has decided to permit commercial cultivation of hemp from January 2025, aiming to tap into the global mar...

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News Update

19

Aug 2024

Aug 19, 2024 • 5 min read

Power Generation Slightly Up in July As Fuel Price Rises

Power generation in the country went up by 0.3 percent YoY to 14,880 gigawatts per hour (GWh) in July 2024, and up 11 pe...

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News Update

18

Aug 2024

Aug 18, 2024 • 5 min read

FBR Extends Last Date for Filing Sales Tax, FED Retuns Till Next Week

The Federal Board of Revenue (FBR) has extended the last date for filing of Sales Tax and Federal Excise returns for the...

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News Update

18

Aug 2024

Aug 18, 2024 • 5 min read

Federal Cabinet to Address Issue of High Electricity Bills Tomorrow [Updated]

This cabinet meeting has been postponed. The Federal Cabinet will likely address the high-cost electricity bills and dis...

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News Update

18

Aug 2024

Aug 18, 2024 • 5 min read

Finance Minister Hails BYD’s Entry into Pakistani Market

BYD, a global frontrunner in electric vehicles and renewable energy solutions, made a significant entry into the Pakista...

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News Update

18

Aug 2024

Aug 18, 2024 • 5 min read

1LINK Clarifies Reports of Cyber Attack on ATM, Online Banking Services in Pakistan

1LINK has issued a public advisory against false rumors circulating on social media and WhatsApp which warned that ATMs...

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News & Updates

Rupee Continues to Recover Against US Dollar Despite Exclusion from IMF Agenda

Pakistan’s Real Effective Exchange Rate Spikes to 101.5 in July 2024

Growing in ‘Unity’ – Unity Foods’ Commitment to Humanity

Pakistan’s Current Account Posts $162 Million Deficit in July

IT Exports Surge By 34% YoY in July 2024

Banking Sector Deposits Near Rs. 31 Trillion in July 2024

NA Panel Reviews Impact of Pakistan’s First National Tariff Policy

PM Shehbaz Summons $20 Billion Investment Plan For Next 5 Years

CCP Issues Show-Cause Notices to Goods Transporters Over Collusion to Raise Freight Rates

Govt Considering Providing Cheap Electricity to EV Charging Stations

PM Directs to Bring 50% of All Public Sector Cargo Through Gwadar Port

FBR Refuses Retired Military Officer’s Request to Transfer His Currency Smuggling Case to ADRC

Konnect by HBL Crowns Valorant Champions

Govt Likely to Charge Fuel Price Adjustment in Gas Bills

LESCO Announces Relief for August and September Bills

Pakistan to Allow Commercial Cultivation of Hemp from January 2025

Power Generation Slightly Up in July As Fuel Price Rises

FBR Extends Last Date for Filing Sales Tax, FED Retuns Till Next Week

Federal Cabinet to Address Issue of High Electricity Bills Tomorrow [Updated]

Finance Minister Hails BYD’s Entry into Pakistani Market

1LINK Clarifies Reports of Cyber Attack on ATM, Online Banking Services in Pakistan

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