News & Updates

News Update

19

Jul 2024

Jul 19, 2024 • 5 min read

DG Khan Cement to Establish Subsidiary in US

The Board of Directors of DG Khan Cement Company Limited (PSX: DGKC) has accorded its approval to management to explore...

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News Update

19

Jul 2024

Jul 19, 2024 • 5 min read

PTCL Revenue Grows by 12% in Q2 2024

Pakistan Telecommunication Company Limited has announced its financial results for the quarter ended June 30, 2024, wher...

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News Update

19

Jul 2024

Jul 19, 2024 • 5 min read

Govt Likely to Change Solar Net Metering Policy to Extend Payback Period

The federal government is expected to change the Solar Net-Metering Policy to adjust the buyback rate for net metering t...

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News Update

19

Jul 2024

Jul 19, 2024 • 5 min read

Pakistan Govt Announces a ‘So-Called’ Boycott of Israel-Linked Companies

The federal government has decided to boycott all products of companies that are linked in any way with Israel, Advisor...

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News Update

19

Jul 2024

Jul 19, 2024 • 5 min read

CCP Decision Upheld to Impose Rs. 15 Million Fine on DHA Lahore and ISP

In a significant ruling, the Competition Appellate Tribunal has dismissed the appeals filed by Defence Housing Authority...

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News Update

19

Jul 2024

Jul 19, 2024 • 5 min read

Chinoy Engineering to Invest in Reko Diq

Chinoy Engineering & Construction (Pvt) Limited (CECL), an associated company established for construction opportunities...

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News Update

19

Jul 2024

Jul 19, 2024 • 5 min read

Interest Payments to Eat Up 62% of Pakistan’s Fiscal Revenue: ADB

Pakistan’s interest payments are expected to require a staggering 62 percent of fiscal revenues, up from 41 percent in 2...

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News Update

19

Jul 2024

Jul 19, 2024 • 5 min read

SECP Notifies Adoption of Fresh AAOIFI Shariah, Governance and Ethics Standards 

In its endeavor to replicate the best international practices in Islamic financial services, the Securities and Exchange...

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News Update

19

Jul 2024

Jul 19, 2024 • 5 min read

Rupee Stable Against US Dollar, Recovers Against Other Currencies

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

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News Update

18

Jul 2024

Jul 18, 2024 • 5 min read

PM Directs FBR to Bring Wealthy Individuals Into Tax Net

Prime Minister Shehbaz Sharif Thursday directed the Federal Board of Revenue (FBR) to bring the wealthy individuals into...

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News Update

18

Jul 2024

Jul 18, 2024 • 5 min read

FBR to Take Action Against Two Appraisers on Corruption Charges

The Federal Board of Revenue (FBR) has decided to start disciplinary proceedings against two appraisers on charges of al...

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News Update

18

Jul 2024

Jul 18, 2024 • 5 min read

Chinoy Engineering & Construction Asks Pakistan Cables for Rs. 48.4 Million Investment

Chinoy Engineering & Construction (Pvt) Limited (CECL), an associated company of Pakistan Cables Limited, has invited eq...

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News Update

18

Jul 2024

Jul 18, 2024 • 5 min read

PPL Begins Oil and Gas Production in Potohar Region

Pakistan Petroleum Limited (PSX: PPL) alongside its joint venture partners has commenced production at a new Development...

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News Update

18

Jul 2024

Jul 18, 2024 • 5 min read

Pakistan’s Imports from Iran Cross $1 Billion in FY24

Pakistan’s imports from Iran surged past the $1 billion mark during the last fiscal year (FY24). According to official d...

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News Update

18

Jul 2024

Jul 18, 2024 • 5 min read

Passport Offices Run into Another Problem, No Ink

After the issue of lamination paper, the ink in the Passport and Immigration office has also finished. Sources told ProP...

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News Update

18

Jul 2024

Jul 18, 2024 • 5 min read

PSM Board Opposes Govt’s Decision to Shutdown Steel Mills

The Board of Directors (BoD) of Pakistan Steel Mills (PSM) has opposed the complete closure of the steel mills, stating...

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News Update

18

Jul 2024

Jul 18, 2024 • 5 min read

Pakistan’s Large-Scale Manufacturing Output Grows 7.33% in May 2024

The Large-Scale Manufacturing (LSM) sector has shown a growth of 0.99 percent during July-May 2023-24 when compared with...

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News Update

18

Jul 2024

Jul 18, 2024 • 5 min read

FBR Amends Export Facilitation Scheme

The manufacturers-cum-exporters under the “Export Facilitation Scheme” (EFS) can import many new textile inputs without...

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News Update

18

Jul 2024

Jul 18, 2024 • 5 min read

Pakistan’s Petroleum Exports Drop Slightly in FY24

Petroleum group imports witnessed a negative growth of 0.61 percent during fiscal year 2023-24 (FY24) and remained $16.9...

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News Update

18

Jul 2024

Jul 18, 2024 • 5 min read

MoU Inked to Launch Pakistan’s First Auto Insurance Repository

Under the regulatory guidance of the Securities and Exchange Commission of Pakistan (SECP), the insurance industry in Pa...

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News Update

18

Jul 2024

Jul 18, 2024 • 5 min read

SBP Reserves Increase Slightly to Stay Above $9.4 Billion

The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose slightly on a weekly basis to close in on th...

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