News & Updates

News Update

22

Jul 2024

Jul 22, 2024 • 5 min read

SBP to Announce FY25’s First Monetary Policy Next Week

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will meet next week on Monday, July 29, 2024, to...

Read Full Article

News Update

22

Jul 2024

Jul 22, 2024 • 5 min read

More Misery Likely As CPPA Seeks Electricity Tariff Hike of Rs. 2.11 Per Unit

The Central Power Purchasing Agency (CPPA) has requested a power tariff increase of Rs. 2.11 per unit. This would put an...

Read Full Article

News Update

22

Jul 2024

Jul 22, 2024 • 5 min read

Fauji Foods Approves Rs. 350 Million Grant for Subsidiary

The Board of Directors of Fauji Foods Limited (FFL) has approved a grant of a loan of Rs. 350 million to its wholly owne...

Read Full Article

News Update

22

Jul 2024

Jul 22, 2024 • 5 min read

Electric Car Batteries Will Soon Be Made With This Cheap and Easily Available Material

In the next ten years, a new type of battery could become a greener, more efficient, and safer alternative to the lithiu...

Read Full Article

News Update

22

Jul 2024

Jul 22, 2024 • 5 min read

Germany to Increase Required Amount for Blocked Bank Account Soon

The amount that students from non-EU countries need to have in their bank accounts to study in Germany has been increase...

Read Full Article

News Update

21

Jul 2024

Jul 21, 2024 • 5 min read

Govt Reduces Capital Gains Tax on Non-Filers by Half

The National Clearing Company of Pakistan Limited (NCCPL) on Friday announced the market-wise applicable capital gains t...

Read Full Article

News Update

21

Jul 2024

Jul 21, 2024 • 5 min read

PM Shehbaz Receives Plan for Transfer of Chinese Industries to Pakistan

Prime Minister Shehbaz Sharif on Saturday received a comprehensive roadmap for the transfer of Chinese industries to Pak...

Read Full Article

News Update

21

Jul 2024

Jul 21, 2024 • 5 min read

Competition Tribunal Upholds CCP Penalty on Reliance Paints For Price Fixing Tactics

The Competition Appellate Tribunal has upheld the decision of the Competition Commission of Pakistan (CCP) against M/s R...

Read Full Article

News Update

21

Jul 2024

Jul 21, 2024 • 5 min read

Govt is Paying Rs. 150 Billion of Taxpayer Money Every Month to IPPs for Almost No Electricity

Consumers paid Rs. 150 billion per month in capacity charges during January-March 2024 to Independent Power Producers (I...

Read Full Article

News Update

20

Jul 2024

Jul 20, 2024 • 5 min read

SPI-Based Inflation Increased 0.76% This Week

The Sensitive Price Index (SPI) -based inflation for the week ended July 18, 2024, increased by 0.76 percent due to an i...

Read Full Article

News Update

20

Jul 2024

Jul 20, 2024 • 5 min read

Pakistan’s IT Exports Earned an All-Time High of $3.2 Billion in 2023-24

Pakistan’s Information technology (IT) and IT-enabled services (ITeS) export remittances comprising computer services an...

Read Full Article

News Update

20

Jul 2024

Jul 20, 2024 • 5 min read

Govt to Return Rs. 60 Billion to Universal Service Fund Borrowed in 2013

The government will return the longstanding funds of over Rs. 60 billion to the Universal Service Fund (USF) in multiple...

Read Full Article

News Update

19

Jul 2024

Jul 19, 2024 • 5 min read

CCP Imposes Rs. 15 Million Fine Against Dettol Manufacturer For Deceptive Marketing

The Competition Commission of Pakistan (CCP) has imposed a penalty of Rs. 15 million against Reckitt Benckiser (RB) Paki...

Read Full Article

News Update

19

Jul 2024

Jul 19, 2024 • 5 min read

CDA Gives 3-Day Notice to Remove Encroachments in Islamabad

The Capital Development Authority (CDA) has issued a public notice stating that a large number of property owners and oc...

Read Full Article

News Update

19

Jul 2024

Jul 19, 2024 • 5 min read

No Foreign Company Interested in Oil & Gas Exploration in Pakistan

International companies are avoiding Pakistan’s oil & gas sector following the unsuccessful drilling of the Kekra-1 well...

Read Full Article

News Update

19

Jul 2024

Jul 19, 2024 • 5 min read

Total Retail Payments Now Comprise 83% Digital Transactions: SBP Report

Digital transactions stood at 83 percent of total retail payments for the quarter, processed by banks and Electronic Mon...

Read Full Article

News Update

19

Jul 2024

Jul 19, 2024 • 5 min read

Pakistan’s Current Account Posts Lowest Deficit in 13 Years

Pakistan’s Current Account Deficit (CAD) shrank by 79 percent in the fiscal year 2023-24 to $681 million compared to a d...

Read Full Article

News Update

19

Jul 2024

Jul 19, 2024 • 5 min read

FFC Approves Fauji Fertilizer Bin Qasim Merger Evaluation

The Board of Directors of Fauji Fertilizer Company Limited (PSX: FFC) in their meeting held today granted an approval to...

Read Full Article

News Update

19

Jul 2024

Jul 19, 2024 • 5 min read

Agritech Limited to Partially Redeem Preference Shares

Agritech Limited has announced the partial redemption of its preference shares following a meeting of its preference sha...

Read Full Article

News Update

19

Jul 2024

Jul 19, 2024 • 5 min read

Aruj Industries Temporarily Halts Production Till Further Notice

Aruj Industries Limited (PSX: ARUJ) has temporarily halted its production activities till further notice, the company in...

Read Full Article

News Update

19

Jul 2024

Jul 19, 2024 • 5 min read

Senate Committee Summons All Details on IPP Contracts From Power Division

The Senate Standing Committee on Power has ordered the Power Division to submit all details on contracts with Independen...

Read Full Article