News & Updates

News Update

08

Jul 2024

Jul 08, 2024 • 5 min read

Govt Mulls Alternative Scheme to Cash Rewards for IT Companies

The government is mulling introducing an alternative scheme to cash rewards to IT companies against their exports. Minis...

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News Update

08

Jul 2024

Jul 08, 2024 • 5 min read

Offshore Company Gives Up Indirect Stake in K-Electric

Infrastructure & Growth Capital LP no has no indirect stake in K-Electric Limited (PSX: KEL) after giving up its shares...

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News Update

08

Jul 2024

Jul 08, 2024 • 5 min read

Pakistani Banks Post Best Q2 Stock Returns in Asia-Pacific

Pakistani banks dominated a ranking of Asia-Pacific lenders with the highest total returns in the second quarter amid a...

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News Update

08

Jul 2024

Jul 08, 2024 • 5 min read

Cement Prices Rise Again in Pakistan

The retail price of cement has been increased by up to Rs. 207 per bag in Pakistan, latest data by the Pakistan Bureau o...

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News Update

08

Jul 2024

Jul 08, 2024 • 5 min read

Investigation into Power Companies Overcharging Customers Ordered by Interior Minister

Interior Minister Mohsin Naqvi has ordered the Federal Investigation Agency (FIA) to probe distribution companies (DISCO...

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News Update

08

Jul 2024

Jul 08, 2024 • 5 min read

PSX Records Highest Ever Closing After Crossing 80,500 Points

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed at an all-time high today after crossing 80,000 for t...

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News Update

08

Jul 2024

Jul 08, 2024 • 5 min read

FIA Summons CDA Officials in Bogus Plot Allotment Case

The Federal Investigation Agency (FIA) has directed the Capital Development Authority (CDA) to ensure that its officials...

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News Update

08

Jul 2024

Jul 08, 2024 • 5 min read

Microfinance Banking Sector’s Losses Reduced By Over Rs. 10 Billion in 2023: SBP

The aggregate profitability of the Microfinance Banks remained in losses for the fifth year in a row, as the sector’s pr...

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News Update

08

Jul 2024

Jul 08, 2024 • 5 min read

CCP Greenlights Merger of Shamim & Company With JK Sugar Mills

The Competition Commission of Pakistan (CCP) has approved a Scheme of Arrangement for the merger of M/s. Shamim & Compan...

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News Update

08

Jul 2024

Jul 08, 2024 • 5 min read

Bank Alfalah Enriches Tap and Pay, Enabling Secure Digital Payments for Android Mobile Users

Bank Alfalah, one of the largest commercial banks in Pakistan, has announced the evolution of its Tap and Pay service, w...

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News Update

08

Jul 2024

Jul 08, 2024 • 5 min read

Finance Minister Underscores Govt’s Focus on Export-Led Growth

Federal Minister for Finance Senator Muhammad Aurangzeb held a meeting with the Founder & Chairman of Delivery Associate...

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News Update

08

Jul 2024

Jul 08, 2024 • 5 min read

PSX Says No Damage to Trading Systems, Servers Due to Fire

Pakistan Stock Exchange (PSX) compound was affected by a fire today at a broker’s office that caused limited damage to t...

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News Update

08

Jul 2024

Jul 08, 2024 • 5 min read

MCB Bank Gets Approval to Convert 39 Branches Into Islamic Banking Entities

MCB Bank Limited (PSX: MCB) has received shareholder approval to incorporate 39 branches along with all rights and oblig...

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News Update

08

Jul 2024

Jul 08, 2024 • 5 min read

CDA Issues Final Notice for Market Encroachments in Islamabad

In an effort to clear the city of encroachments and restore its beauty, the Capital Development Authority (CDA) has issu...

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News Update

08

Jul 2024

Jul 08, 2024 • 5 min read

Gold Price in Pakistan Falls After Big Gains Last Week

The price of gold in Pakistan fell on the opening day of the week after posting an increase of almost Rs. 5,000 per tola...

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News Update

08

Jul 2024

Jul 08, 2024 • 5 min read

PM Announces Tube Well Solarization Project for Balochistan

Prime Minister Shehbaz Sharif Monday announced that 28,000 agricultural tube wells in Balochistan would be shifted to so...

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News Update

08

Jul 2024

Jul 08, 2024 • 5 min read

SECP Seeks Details of Fire Incident, Losses from PSX

The Securities & Exchange Commission of Pakistan (SECP) has sought details of today’s fire incident from the Pakistan St...

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News Update

07

Jul 2024

Jul 07, 2024 • 5 min read

Govt Succumbs to Pressure, Withdraws Advance Tax on Petroleum Dealers

Petroleum dealers have successfully convinced the federal government to reverse the 0.5 percent advance turnover tax on...

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News Update

07

Jul 2024

Jul 07, 2024 • 5 min read

PM Directs Immediate Action Against DISCOs Officials Adding Extra Units to Bills

Prime Minister Shahbaz Sharif has ordered the Power Division to immediately suspend and take action against officers of...

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News Update

07

Jul 2024

Jul 07, 2024 • 5 min read

Banks Are Now Charging New Tax on Netflix Subscription Fees in Pakistan

After forcing banks to deduct 13 percent of provincial sales tax on advertisement services last year, the Sindh Revenue...

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News Update

07

Jul 2024

Jul 07, 2024 • 5 min read

Special Court to Take Up Mega Tax Fraud Case Against Leading Tractor Manufacturer

Special Judge Customs & Excise Taxation Karachi will take up the matter of alleged tax fraud on fake/flying sales tax in...

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