News & Updates

Pakistan’s Textile Exports Remain Flat in FY24

The country’s textile group exports increased by around 0.93 percent during the fiscal year 2023-24 and remained at $16....

Rupee to Hit Rs. 310/Dollar in 2025: Fitch Solutions

Fitch Solutions has estimated the State Bank of Pakistan’s policy rate to fall to 16 percent this fiscal year, followed...

Excise Duty Collection Increased by 56% in 2023-24

The Federal Excise Duty (FED) collection during 2023-24 has witnessed an overall growth of 56.1 percent due to an increa...

Mobile Manufacturers Urge Govt to Ensure Supportive Policy Environment

Federal Minister for Finance Senator Muhammad Aurangzeb was called on by the representatives of the Pakistan Mobile Phon...

Barrick Gold Begins Hiring Process For Reko Diq

Barrick Gold Corporation has started hiring for Balochistan’s Reko Diq copper-gold project after successfully deploying...

Gold Price in Pakistan Hits All-Time High as International Prices Soar

The price of gold in Pakistan surged to an all-time high on Thursday after gaining over Rs. 4,500 per tola. According to...

SECP, PSX Discuss Strategy for Development of Capital Market

The top management of the Securities and Exchange Commission of Pakistan (SECP) met with the Board of Directors of Pakis...

Rupee Posts Small Losses Against US Dollar After Troubling Fitch Projections

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

Fatima Fertilizer Plans to Acquire Various Instruments of Agritech Limited

Fatima Fertilizer Company Limited (PSX: FATIMA) has decided to attempt procurement of various instruments of Agritech Li...

Former Minister Gohar Ejaz Tells Govt to Release All Data on Payments to IPPs

Ex-federal minister Dr. Gohar Ejaz demanded Energy Minister Awais Leghari to make public the detailed data on all 106 in...

Govt to Abolish 4 Key Ministries

The federal government has prepared proposals to abolish four key ministries, but not IT and Telecommunications. Right-s...

The 3rd Allied Bank Fintech Hackathon Comes to a Close with a Spectacular Finale

Allied Bank, in collaboration with Teamup Ventures, hosted the third mega event of its series of Fintech Hackathons, the...

T-Bills Attract $194 Million From Foreign Investors in June

Foreign investors poured in $194 million in local T-Bills through Special Convertible Rupee Accounts (SCRA) in June 2024...

Solar Net Metering Now Meets 15% of LESCO’s Power Demand

The Lahore Electric Supply Company (Lesco) has seen a significant increase in solar net metering, accounting for 15% of...

SECP Introduces Mandatory Certification to Enhance Professional Standards

IMF Maintains Pakistan’s GDP Growth Projection at 3.5% for FY25

The International Monetary Fund (IMF) has maintained Pakistan’s GDP growth rate projection at 3.5 percent for the fiscal...

Business Community Appeals to PM Shehbaz Against Anti-Business Measures in Finance Act 2024

The business community of Lahore and Peshawar have approached Prime Minister Shehbaz Sharif against several anti-busines...

Tractor Prices Skyrocket By up to Rs. 323,000 Due to New Taxes

Local tractor prices have surged up to Rs. 323,000 per vehicle to as high as Rs. 3.55 million in Pakistan after the fede...

Petroleum Companies Ask Govt to Increase Margin on Petrol, Diesel

Oil marketing companies (OMCs) have asked the federal government to increase their margins for MS petrol and high-speed...

Pakistan Likely to Post Largest Primary Surplus in 25 Years

Pakistan is expected to post its largest primary surplus in the current fiscal year. According to Topline Securities, Pa...

Latest IMF Agreement Improves Pakistan’s Funding Prospects: Moody’s

The International Monetary Fund’s (IMF) staff-level agreement improves funding prospects, but the ability to sustain ref...