News & Updates

News Update

08

Aug 2024

Aug 08, 2024 • 5 min read

Pakistan, Turkiye Reiterate Commitment to Enhance Trade Volume

Finance Minister Senator Muhammad Aurangzeb was called on by the Trade Minister of Turkiye Ömer Bolat along with the bus...

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News Update

08

Aug 2024

Aug 08, 2024 • 5 min read

The Rise of Solar Energy: Leading the Renewable Revolution

Renewable energy is produced from natural sources such as solar, hydropower, and wind. The huge potential of solar energ...

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News Update

08

Aug 2024

Aug 08, 2024 • 5 min read

Mari Petroleum Posts Highest-Ever Profit of Rs. 77.3 Billion in FY24

Mari Petroleum Company Limited (PSX: MARI) Thursday announced its financial results for the financial year ended on June...

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News Update

08

Aug 2024

Aug 08, 2024 • 5 min read

SBP Reserves Increase by $51 Million Over Previous Week

The foreign exchange reserves held by the State Bank of Pakistan (SBP) posted an increase of $51 million on a weekly bas...

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News Update

08

Aug 2024

Aug 08, 2024 • 5 min read

Rupee Suddenly Halts Losing Streak Against US Dollar

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

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News Update

08

Aug 2024

Aug 08, 2024 • 5 min read

Pak Suzuki Shuts Down Plant as Imported CKD Kits Remain Stuck at Port

Pak Suzuki Motor Company Limited has shut down its plant due to government’s refusal to release completely knocked down...

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News Update

08

Aug 2024

Aug 08, 2024 • 5 min read

PSX to Hold Auction of Rs. 100 Billion Sukuk on August 15

The management of PSX to hold 12th auction of Government Ijarah Sukuk on August 15, setting a target of raising a handso...

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News Update

08

Aug 2024

Aug 08, 2024 • 5 min read

Sugar Prices Set to Increase at Utility Stores

The price of sugar at Utility Stores is set to increase by Rs. 5 per kilogram for all categories of consumers under the...

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News Update

08

Aug 2024

Aug 08, 2024 • 5 min read

Pakistan Will Get $16 Billion Debt Rolled Over This Fiscal Year: SBP Governor

Governor State Bank of Pakistan (SBP) Jameel Ahmad on Wednesday said Pakistan’s total outstanding debt for FY25 stands a...

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News Update

08

Aug 2024

Aug 08, 2024 • 5 min read

IMF Rejects Pakistan’s Request of Tax Exemption on Stationery Items

The federal government has failed to convince the International Monetary Fund (IMF) on giving tax exemption on stationer...

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News Update

08

Aug 2024

Aug 08, 2024 • 5 min read

Meezan Bank Posts Highest-Ever Quarterly Profit of Rs. 26.7 Billion in 2Q 2024

Meezan Bank Limited (PSX: MEBL) has announced its 2QCY24 result today, where the bank recorded earnings of Rs. 26.7 bill...

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News Update

08

Aug 2024

Aug 08, 2024 • 5 min read

Government to Refund Overcharged Electricity Bills

The federal government has decided to refund excess charges from overbilling in this month’s electricity bills, offering...

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News Update

08

Aug 2024

Aug 08, 2024 • 5 min read

Gold Price in Pakistan Stable After Multiple Losses Earlier in the Week

After declining for four straight days, the price of gold in Pakistan remained stable on Thursday. According to data iss...

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News Update

08

Aug 2024

Aug 08, 2024 • 5 min read

Mari Petroleum to Set Up Subsidiary with Focus on Cloud Computing, AI

Mari Petroleum Company Limited (MPCL) Thursday announced that its Board of Directors has approved formation of a subsidi...

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News Update

08

Aug 2024

Aug 08, 2024 • 5 min read

Veon Plans to Sell Up to 20% Stake in Jazz via IPO: Report

VEON, a global digital operator, is preparing to sell up to 20 percent stake in Jazz in an initial public offering (IPO)...

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News Update

08

Aug 2024

Aug 08, 2024 • 5 min read

6-Month KIBOR Drops to Lowest Level in 17 Months

The 6-Month Karachi Inter-Bank Offered Rate (KIBOR), a benchmark for lending to consumers and businesses, fell by 37 bas...

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News Update

07

Aug 2024

Aug 07, 2024 • 5 min read

Bank Alfalah and BISP Join Forces to Empower Women Through Entrepreneurship and Financial Inclusion

Bank Alfalah, one of the leading commercial banks has been a trusted partner of Benazir Income Support Programme (BISP)...

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News Update

07

Aug 2024

Aug 07, 2024 • 5 min read

Pakistani Dollar Bonds Up 30%, Best in Asia

Pakistani dollar bonds have surged 30 percent this year, the highest in Asia, due to markets’ positive response to the I...

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News Update

07

Aug 2024

Aug 07, 2024 • 5 min read

Apna Microfinance Bank to Enhance its Authorized Capital to Rs. 7.5 Billion

The Board of Directors of Apna Microfinance Bank Limited (AMBL) has proposed to enhance the authorized capital of the ba...

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News Update

07

Aug 2024

Aug 07, 2024 • 5 min read

BF Biosciences Limited Applies for IPO At PSX

Pakistan Stock Exchange on Wednesday informed investors that BF Biosciences Limited has applied for listing on the Main...

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News Update

07

Aug 2024

Aug 07, 2024 • 5 min read

Govt Trying to Unlock $1.3 Billion in Geneva Pledges This Fiscal Year

The current federal government is trying very hard to unlock $1.3 billion in financing which was promised as part of a c...

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