News & Updates

News Update

05

Aug 2024

Aug 05, 2024 • 5 min read

Minister Highlights Energy Sector, SOEs Reforms in Meeting with PARCO Delegation

Federal Minister for Finance Senator Muhammad Aurangzeb held a meeting with a delegation led by Executive Vice President...

Read Full Article

News Update

05

Aug 2024

Aug 05, 2024 • 5 min read

FPCCI Seeks Sindh Govt’s Support to Address Issue of ‘Unbearable’ IPP Capacity Charges

Saquib Fayyaz Magoon, Acting President FPCCI, has apprised that FPCCI has sought the Sindh government’s support over the...

Read Full Article

News Update

05

Aug 2024

Aug 05, 2024 • 5 min read

Bitcoin, Global Markets Collapse As World Fears Iran-Israel War

Investors are bracing for significant losses worldwide as Bitcoin and Ethereum crash amid global market fears that Iran...

Read Full Article

News Update

05

Aug 2024

Aug 05, 2024 • 5 min read

Cabinet Committee Approves Re-Merger of NSPC with PSPC

Federal Minister for Finance Senator Muhammad Aurangzeb presided over a meeting of the Cabinet Committee on State-Owned...

Read Full Article

News Update

05

Aug 2024

Aug 05, 2024 • 5 min read

Pakistani Rupee Crashes Against Euro, Other Currencies

The Pakistani rupee (PKR) started the week with losses against the US Dollar today after opening trade at 278 in the int...

Read Full Article

News Update

05

Aug 2024

Aug 05, 2024 • 5 min read

CCI’s Petroleum Exploration Policy Blocking Billions of Dollars in Foreign Investments

A meeting of the Senate Functional Committee on Devolution was held in Islamabad today to discuss the effectiveness and...

Read Full Article

News Update

05

Aug 2024

Aug 05, 2024 • 5 min read

Aurangzeb Stresses Critical Role of Public-Private Partnerships in Driving Development

Federal Minister for Finance Muhammad Aurangzeb held a meeting with the delegations from Global Consulting Firm Kearney...

Read Full Article

News Update

05

Aug 2024

Aug 05, 2024 • 5 min read

FIA Issues Another Notice to FBR Member Operations in Tax Refund Scandal

Federal Investigation Agency (FIA) has issued another notice to Mir Badshah Khan Wazir Member Operation Federal Board of...

Read Full Article

News Update

05

Aug 2024

Aug 05, 2024 • 5 min read

SECP Registers Over 2,800 New Companies in July

The Securities and Exchange Commission of Pakistan (SECP) registered 2,864 new companies in July 2024. This signaled an...

Read Full Article

News Update

05

Aug 2024

Aug 05, 2024 • 5 min read

FBR’s Digitization Task Force to be Co-Chaired by Senior Army Officer

The Prime Minister has constituted a 10-member Task Force on digitalization under the chair of State Minister for Financ...

Read Full Article

News Update

05

Aug 2024

Aug 05, 2024 • 5 min read

Data Protection Bill Will Cost Millions of Jobs, Business Losses and Boycott in Pakistan: AIC

The Asia Internet Coalition (AIC) comprising global digital media giants raised several questions on “Data localization”...

Read Full Article

News Update

05

Aug 2024

Aug 05, 2024 • 5 min read

CCP Approves Lucky Core Industries’ Acquisition of Pfizer Pakistan Assets

Lucky Core Industries will acquire certain assets of M/s. Pfizer Pakistan Limited after approval of the Competitive Comm...

Read Full Article

News Update

05

Aug 2024

Aug 05, 2024 • 5 min read

Pakistan Manufactured Over 17 Million Mobile Phones in First Half of 2024

The local manufacturing/ assembling plants manufactured/ assembled 17.34 million mobile handsets during the first half (...

Read Full Article

News Update

05

Aug 2024

Aug 05, 2024 • 5 min read

Gold Price in Pakistan Dips After Hitting Record High Last Week

After surging to an all-time high last week, the price of gold in Pakistan dropped slightly on Monday. According to data...

Read Full Article

News Update

05

Aug 2024

Aug 05, 2024 • 5 min read

Telcos Fined Rs. 69 Million By PTA in Past 3.5 Years Due to Poor Service

The Pakistan Telecommunication Authority (PTA) conducted 643 quality-of-service surveys over three and a half years, imp...

Read Full Article

News Update

05

Aug 2024

Aug 05, 2024 • 5 min read

Popular US Consultant Offers to Streamline Pakistan’s Regulatory System

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with the Managing Director of Jacobs,...

Read Full Article

News Update

05

Aug 2024

Aug 05, 2024 • 5 min read

Pakistani IT Company Expands Operations to Singapore

Hexalyze, a leading Pakistan-based IT solutions provider, has become one of the few IT companies in Pakistan having expa...

Read Full Article

News Update

05

Aug 2024

Aug 05, 2024 • 5 min read

Pakistan to Get $8.7 Billion Loan From World Bank Over Next 5 Years

The World Bank has committed to providing a loan of $8.7 billion to Pakistan over the next five years to support various...

Read Full Article

News Update

05

Aug 2024

Aug 05, 2024 • 5 min read

Former Caretaker Minister Joins Federal Cabinet As SAPM Power

Former caretaker federal minister for Power Muhammad Ali has officially joined the federal cabinet as Special Assistant...

Read Full Article

News Update

05

Aug 2024

Aug 05, 2024 • 5 min read

Indus Motor to Temporarily Halt Production for Second Time in a Month

Indus Motor Company Limited (PSX: INDU) Monday announced a three day plant shutdown due to supply chain challenges. In a...

Read Full Article

News Update

05

Aug 2024

Aug 05, 2024 • 5 min read

IESCO Issues Safety Advisory for Monsoon Rains

Due to recent monsoon rains, the Islamabad Electric Supply Company (IESCO) has advised consumers to be cautious against...

Read Full Article