News & Updates

News Update

14

Jul 2024

Jul 14, 2024 • 5 min read

Flour Mills Resume Normal Operations, Strike Postponed Until July 22

The Pakistan Flour Mills Association (PFMA) has decided to delay its strike until July 22, following assurances from the...

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News Update

14

Jul 2024

Jul 14, 2024 • 5 min read

Bitcoin Shoots Above $60,000 After Donald Trump Survives Assassination Attempt

The price of Bitcoin soared past $60,000 per coin in the past few hours following a shooting attempt at former President...

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News Update

14

Jul 2024

Jul 14, 2024 • 5 min read

Bid Submission Deadline For Islamabad Airport Extended By Two More Months

The bid submission deadline for Islamabad International Airport has been extended by two more months. “It is for the inf...

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News Update

14

Jul 2024

Jul 14, 2024 • 5 min read

Competition Tribunal Upholds CCP’s Rs. 1 Million Fine Against Housing Society

The Competition Appellate Tribunal upheld the findings of the Competition Commission of Pakistan (CCP) in the appeal fil...

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News Update

14

Jul 2024

Jul 14, 2024 • 5 min read

PSX to Hit 109,000 Level By June 2025: Report

The successful achievement of a staff-level agreement with the International Monetary Fund (IMF) will push the Pakistan...

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News Update

14

Jul 2024

Jul 14, 2024 • 5 min read

Cement Dealers Go on Nationwide Strike Due to Higher Taxes

Cement dealers have declared a nationwide strike starting today due to higher withholding tax on cement in federal budge...

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News Update

13

Jul 2024

Jul 13, 2024 • 5 min read

Pakistan Finally Reaches New $7 billion Loan Deal with IMF

The Pakistani authorities and the IMF team have reached a staff-level agreement on a comprehensive program endorsed by t...

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News Update

13

Jul 2024

Jul 13, 2024 • 5 min read

PM Shehbaz Wants to Convert Tubewells in Punjab, Sindh and KP to Solar Power

Prime Minister Shehbaz Sharif announced on Friday that the federal government would partner with the provincial governme...

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News Update

12

Jul 2024

Jul 12, 2024 • 5 min read

FTO Wants FBR to Have Access to Bank’s Software for Monitoring of Withholding Taxes

Federal Tax Ombudsman (FTO) has recommended Federal Board of Revenue (FBR) to give access of software of banks to FBR’s...

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News Update

12

Jul 2024

Jul 12, 2024 • 5 min read

Short-Term Inflation Remains Above 23% Due to Higher Food, Electricity Prices

The short-term inflation remained above 23 percent year-on-year in the week ending July 11 amid an increase in food and...

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News Update

12

Jul 2024

Jul 12, 2024 • 5 min read

Unemployment Rises to 10.3% in Pakistan

The unemployment rate in Pakistan has risen to 10.3 percent, Finance Secretary Chaudhry Imdad Ullah Bosal told the Natio...

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News Update

12

Jul 2024

Jul 12, 2024 • 5 min read

Indus Motor to Temporarily Halt Production Due to Parts Shortage

Indus Motor Company Limited (PSX: INDU) announced an eight day plant shut down on Friday. In a notice to the Pakistan St...

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News Update

12

Jul 2024

Jul 12, 2024 • 5 min read

Issue of $800 Million Pending Dues From Etisalat to be Resolved by November: Secretary Privatization

Ministry of Privatization Secretary Jawad Paul told the Senate Committee on Privatization on Friday that the issue of pe...

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News Update

12

Jul 2024

Jul 12, 2024 • 5 min read

Govt to Consult Telcos CEOs Prior to 5G Spectrum Auction

In a recent meeting chaired by Finance Minister Muhammad Aurangzeb, the Auction Advisory Committee resolved to engage wi...

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News Update

12

Jul 2024

Jul 12, 2024 • 5 min read

CCP Approves Engro, Dawood Hercules Corporation Restructuring Plan

The Competition Commission of Pakistan (CCP) has approved a merger for capital allocation and resilience portfolio. The...

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News Update

12

Jul 2024

Jul 12, 2024 • 5 min read

BII Expresses Interest in Investing in Pakistan’s Energy Sector

Finance Minister Muhammad Aurangzeb was called on by a delegation from British International Investment (BII) Board at t...

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News Update

12

Jul 2024

Jul 12, 2024 • 5 min read

PSX Crashes By Over 1,700 Points After Supreme Court Decision [Updated]

Bulls vanished and bears wrecked the Pakistan Stock Exchange (PSX) after mid-session break today, with the benchmark KSE...

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News Update

12

Jul 2024

Jul 12, 2024 • 5 min read

PSX Inducts Meezan Bank As First Market Maker for Govt-Issued ljarah Sukuk

Pakistan Stock Exchange (PSX) announced the induction of Meezan Bank as the first market maker for CDS-eligible Governme...

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News Update

12

Jul 2024

Jul 12, 2024 • 5 min read

Spanish Envoy Calls for Deeper Collaboration Between Spain, Pakistan in Value Added Sectors

Ambassador of Spain to Pakistan Jose A. de Ory called on Minister for Finance Senator Muhammad Aurangzeb at Finance Divi...

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News Update

12

Jul 2024

Jul 12, 2024 • 5 min read

Rupee Recovers Against US Dollar to End Week After Supreme Court Verdict

The Pakistani rupee (PKR) ended the week with gains against the US Dollar today after opening trade at 278 in the interb...

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News Update

12

Jul 2024

Jul 12, 2024 • 5 min read

Rightsizing Committee Summons Performance Reports of 5 Key Ministries

The Right-Sizing Committee of the federal government has initiated the first phase of its institutional reforms by seeki...

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