News & Updates

News Update

29

Jul 2024

Jul 29, 2024 • 5 min read

Why Are Pakistan’s Rice Exporters Worried?

Pakistan reported record rice exports of $3.88 billion in FY24, a 78% increase over the previous year. However, the indu...

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News Update

29

Jul 2024

Jul 29, 2024 • 5 min read

Waves Home Appliances Receives Offer for Joint Venture From Big Foreign Company

Waves Home Appliances Limited has received an offer for a strategic alliance and joint venture from a major internationa...

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News Update

29

Jul 2024

Jul 29, 2024 • 5 min read

Rupee Reverses Last Week’s Gains Against US Dollar Despite Fitch Upgrade

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

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News Update

29

Jul 2024

Jul 29, 2024 • 5 min read

Pakistan to Comfortably Meet its External Debt Obligations: SBP Governor

State Bank of Pakistan (SBP) Governor Jameel Ahmad Monday said that Pakistan will meet its external debt obligations for...

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News Update

29

Jul 2024

Jul 29, 2024 • 5 min read

Pakistan’s Imports from China Surge 24% in FY24

Pakistan’s imports from China increased by 24 percent during the fiscal year 2023-2024 (FY24). According to data obtaine...

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News Update

29

Jul 2024

Jul 29, 2024 • 5 min read

Gold Rate in Pakistan Stable on First Day of New Week

The price of gold in Pakistan remained stable on the opening day of the new week. According to data issued by the Karach...

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News Update

28

Jul 2024

Jul 28, 2024 • 5 min read

CCP Allows Engro to Sell Its Thermal Energy Assets

The Competition Commission of Pakistan (CCP) has approved a merger application within the thermal energy assets portfoli...

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News Update

28

Jul 2024

Jul 28, 2024 • 5 min read

Govt to Sell Three DISCOs in First Phase of Privatization

Federal Minister for Privatization, Board of Investment and Communications Abdul Aleem Khan recently presided over the m...

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News Update

28

Jul 2024

Jul 28, 2024 • 5 min read

Govt Has Collected Data on 4.9 Million Non-Filers’ Homes, Assets, Cars, Will Start Taking Action Soon: Finance Minister

The federal government has collected all data on 4.9 million non-filers’ assets, houses, foreign travel, and cars and wi...

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News Update

28

Jul 2024

Jul 28, 2024 • 5 min read

Competition Tribunal Upholds CCP Penalty in Trademark Dispute

The Competition Appellate Tribunal (CAT) has dismissed the appeal filed by M/s Baba Plastic against the Competition Comm...

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News Update

28

Jul 2024

Jul 28, 2024 • 5 min read

FFC, FFBL Announce Big Increase in DAP Prices

Fauji Fertilizer Company Limited (PSX: FFC) and Fauji Fertilizer Bin Qasim Limited (PSX: FFBL) have each announced a mas...

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News Update

28

Jul 2024

Jul 28, 2024 • 5 min read

IMF Strongly Opposes Delay in Increasing Electricity Rates for Middle-Income Consumers

The International Monetary Fund (IMF) has strongly opposed the federal government’s new proposal to delay increasing ele...

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News Update

28

Jul 2024

Jul 28, 2024 • 5 min read

Pakistan Falls Short of $17.6 Billion Loan Target For FY24, Received Only $9.81 Billion

The country borrowed $9.811 billion from multiple financing sources during the fiscal year 2023-24. If the International...

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News Update

28

Jul 2024

Jul 28, 2024 • 5 min read

China, KSA, UAE to Help Pakistan Bridge External Financing Gap for ‘Last Ever’ IMF Loan: Aurangzeb

China, Saudi Arabia and UAE will support Pakistan in filling the external financing gap which will help get approval fro...

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News Update

27

Jul 2024

Jul 27, 2024 • 5 min read

Man Reaches Court After Receiving Electricity Bill of Rs. 1.5 Lac for Using 126 Units

A Lahore resident has filed a complaint with the Lahore High Court against LESCO after receiving a bill of Rs. 143,000 f...

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News Update

27

Jul 2024

Jul 27, 2024 • 5 min read

SECP Registered 27,542 New Companies During FY 2023-24

The Securities and Exchange Commission of Pakistan (SECP) registered 27,542 new companies during FY 2023-24, raising the...

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News Update

27

Jul 2024

Jul 27, 2024 • 5 min read

Gas Load-Shedding Schedule Announced for Karachi

Gas supply will be suspended in half of Karachi starting Sunday morning for 24 hours, as reported by ARY News. According...

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News Update

26

Jul 2024

Jul 26, 2024 • 5 min read

China, Saudi Arabia Likely to Rollover $9 Billion Loans to Pakistan This Year

China and Saudi Arabia will roll over $9 billion in loans to Pakistan in the current fiscal year 2024-25, officials of t...

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News Update

26

Jul 2024

Jul 26, 2024 • 5 min read

Gold Rate in Pakistan Goes up Slightly as International Prices Rebound

The price of gold in Pakistan rose by Rs. 1,000 per tola on Friday, a day after posting a decline of Rs. 2,300 per tola....

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News Update

26

Jul 2024

Jul 26, 2024 • 5 min read

Govt Exempts Diplomats From FED on Imports

After granting customs duty and sales tax exemption to diplomats in Pakistan, the government has now extended federal ex...

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News Update

26

Jul 2024

Jul 26, 2024 • 5 min read

Rupee Closes in Green 2nd Consecutive Day Against US Dollar

The Pakistani rupee (PKR) gained small ground against the US Dollar today after opening trade at 278 in the interbank ma...

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