News & Updates

Zyp Technologies Raises $1.5 Million to Deploy More Electric Bikes in Pakistan

Zyp Technologies has raised $1.5 million in Series Pre-A funding led by Shorooq Partners to enable a city-wide launch of...

CCP’s Decision Regarding Misleading Advertising by Eden Builders Upheld

In a recent development, the Competition Appellate Tribunal (CAT) has dismissed the appeal filed by Eden Builders (Pvt)...

Pakistan Missing From IMF Board’s Meeting Agenda

The International Monetary Fund (IMF) has not yet included Pakistan on the agenda of its executive board meetings schedu...

Finance Minister to Visit China Today to Restructure $15.4 Billion Energy Debt

Finance Minister Muhammad Aurangzeb will visit China today on a three-day visit, with the sole objective to restructure...

Fauji Foods Posts Staggering 950% Profit Growth in Q2 2024

Fauji Foods Limited (PSX: FFL) reported a profit after tax of Rs. 234 million in April-June 2024 versus Rs. 22 million i...

Dewan Farooque Motors Shares Update on Its Electric Vehicle Venture

Dewan Farooque Motors Limited (PSX: DFML) announced Tuesday that Jigs required for manufacturing of electric vehicles ha...

Govt Delays Final Bidding Process For PIA Sale

The privatization of Pakistan International Airlines (PIA) has again hit a roadblock as the majority of potential bidder...

State Life Insurance, NICL and PRCL No Longer Strategic SOEs

BOP Hosts Prof. Stefan Dercon for a Talk on the Economy with Business Community

The Bank of Punjab held an interactive session of Professor Stefan Dercon with local industry leaders in Karachi this we...

Rupee Depreciates 2nd Day in a Row to 278.4 Against US Dollar

The Pakistani rupee (PKR) declined in value against the US Dollar today after opening trade at 278 in the interbank mark...

Moody’s Ratings Expresses Confidence in Pakistan’s Economic Trajectory

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb had a zoom meeting with the representatives from Moo...

Gold Price in Pakistan Goes Down After Hitting Record High Last Week

The price of gold in Pakistan fell slightly on Tuesday to settle at Rs. 250,500 per tola. According to data issued by th...

Aurangzeb Tries to Convince Fitch to Improve Pakistan’s Rating

Federal Minister for Finance and Revenue Muhammad Aurangzeb had a Zoom meeting with the representatives from Fitch Ratin...

Govt to Spend Rs. 377 Billion to Shift 100,000 Tube Wells to Solar

Secretary Food Security on Tuesday informed the Standing Committee on Food Security that the federal government has allo...

PM Shehbaz Sets Ambitious Target of $60 Billion in Exports Per Year

Prime Minister Shehbaz Sharif on Tuesday set a bold target to boost Pakistan’s exports to $60 billion per year within th...

Chinese IPP Files Complaint Against SBP Over Debt Servicing Delay

China’s Pak Matiari-Lahore Transmission Company (PMLTC) has filed a formal complaint against the State Bank of Pakistan...

PTA Introduces New Tariff Regulations for Telcos

Pakistan Telecommunication Authority (PTA) has prepared a “Tariff for Cellular Mobile Telecommunication Services Regulat...

Sindh Increases Tax on Card Payments at Restaurants, Cafes [Updated]

Update Sindh Revenue Board (SRB) has denied rumors of imposing a 15 percent sales tax on services paid via debit and cre...

Bank Alfalah Welcomes the 10th Batch of Management Trainee Program

Bank Alfalah, a leading commercial bank in Pakistan welcomes the 10th batch of the ALFA Lead, Management Trainee Program...

SBP Consults With IMF, World Bank on Digital Currency

Deputy Governor State Bank of Pakistan Saleem Ullah said that the central bank has sought technical consultations with t...

SBP Shares Monetary Policy Committee Meetings Schedule for July-December 2024

The State Bank of Pakistan (SBP) has issued the schedule of the Monetary Policy Committee (MPC) for the second half of t...