News & Updates

News Update

05

Jul 2024

Jul 05, 2024 • 5 min read

Farrukh H Khan Resigns As CEO PSX

Farrukh H Khan has resigned as Chief Executive Officer of Pakistan Stock Exchange Limited (PSX), the main bourse informe...

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News Update

05

Jul 2024

Jul 05, 2024 • 5 min read

Govt Commences Closure of Pak PWD

The closure of Pakistan Public Works Department (PWD) has officially started following directives issued by the Prime Mi...

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News Update

05

Jul 2024

Jul 05, 2024 • 5 min read

Soneri Bank Celebrates a Milestone with the Opening of Its 500th Branch in Karachi

Soneri Bank is proud to announce the grand opening of its 500th branch, located in Karachi, Khayaban-e-Shamsheer. This m...

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News Update

05

Jul 2024

Jul 05, 2024 • 5 min read

Former Minister Demands Govt to Cut Interest Rate to 12% and Give Relief to Salaried Class

Former caretaker Federal Minister for Commerce and Industries Gohar Ejaz demanded that the government bring down the int...

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News Update

05

Jul 2024

Jul 05, 2024 • 5 min read

LSE Capital to Invest Rs. 150 Million in Pakistani Online Gaming Company

LSE Capital Limited (PSX: LSECL) has decided to invest up to Rs. 150 million in the form of convertible equity facility...

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News Update

05

Jul 2024

Jul 05, 2024 • 5 min read

Pakistan’s Central Govt Debt Hits Rs. 67.8 Trillion in May 2024

The total public debt stock of the federal government increased by 15 percent on a year-on-year (YoY) basis in May 2024...

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News Update

05

Jul 2024

Jul 05, 2024 • 5 min read

Bitcoin Loses Over $6,000 in One of Its Worst Single-Day Crashes In History

Bitcoin has fallen for the fourth consecutive trading session after losing over $6,500 in the past 24 hours, down 11 per...

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News Update

05

Jul 2024

Jul 05, 2024 • 5 min read

Cabinet Committee Approves 6-Month Extension to Refinery Policy 2023

The Cabinet Committee on Energy, under the chairmanship of Prime Minister Shehbaz Sharif, approved the extension of 6 mo...

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News Update

05

Jul 2024

Jul 05, 2024 • 5 min read

Govt Promises 10% Commission on Bill Recoveries From Electricity Defaulters

The federal government has decided to give up to 10 percent of the recovered dues from electricity defaulters to officer...

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News Update

05

Jul 2024

Jul 05, 2024 • 5 min read

PM Orders FBR to Immediately Bring 4.5 Million Non-Filers Into Tax Net

Prime Minister Shahbaz Sharif on Friday ordered the Federal Board of Revenue (FBR) to immediately bring 4.5 million non-...

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News Update

05

Jul 2024

Jul 05, 2024 • 5 min read

FTO Issues Order on Excess Tax Deductions Complaint Filed by Teachers

Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) and Accountant General of Pakistan Revenue (...

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News Update

05

Jul 2024

Jul 05, 2024 • 5 min read

Sadapay Fires 30% Staff Just A Month After Papara Takeover

Pakistan-based Electronic Money Institution (EMI) SadaPay has fired around 30 percent i.e. 80 members of its workforce t...

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News Update

04

Jul 2024

Jul 04, 2024 • 5 min read

Govt Imposes Fixed Taxes on Imported Mobile Phone Kits and CBUs

The federal government has imposed a fixed tax rate up to Rs. 5,200 per kit on the import of mobile phone assembly kits....

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News Update

04

Jul 2024

Jul 04, 2024 • 5 min read

Govt Should Cancel All Contracts With IPPs: FPCCI

President Federation of Pakistan Chamber of Commerce and Industry Atif Ikram Sheikh has said that the federal government...

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News Update

04

Jul 2024

Jul 04, 2024 • 5 min read

Gold Rate in Pakistan Goes up Once Again

The price of gold in Pakistan registered its second straight increase this week on Thursday. According to data issued by...

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News Update

04

Jul 2024

Jul 04, 2024 • 5 min read

U Bank and Yousuf Dewan Companies Sign MoU to Collaborate for Enhanced Affordability of EVs

U Microfinance Bank (U Bank) and Yousuf Dewan Companies have entered into a strategic collaboration to leverage their co...

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News Update

04

Jul 2024

Jul 04, 2024 • 5 min read

Bank of Punjab to Set Up Offices in Bahrain, UAE

The Board of Directors of the Bank of Punjab (PSX: BOP) in their meeting held on July 01, 2024, have approved the busine...

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News Update

04

Jul 2024

Jul 04, 2024 • 5 min read

Pakistan Downgraded to Frontier Market Status By UK-Based Rating Company

Pakistan has been downgraded to frontier market (FM) status from secondary emerging market by UK-headquartered FTSE Russ...

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News Update

04

Jul 2024

Jul 04, 2024 • 5 min read

Loadshedding Will Decrease Soon in Karachi: Sindh Minister

Sindh Energy Minister Syed Nasir Hussain Shah announced on Wednesday that K-Electric will soon reduce loadshedding in Ka...

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News Update

04

Jul 2024

Jul 04, 2024 • 5 min read

Govt Directs OMCs to Keep Petrol Pumps Open Tomorrow

The Petroleum Division and Oil & Gas Regulatory Authority (OGRA) late on Thursday directed all Oil Marketing Companies (...

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News Update

04

Jul 2024

Jul 04, 2024 • 5 min read

Minister Stresses Completing PIA’s Privatization As Soon As Possible

A high-level meeting of the Board of Privatization Commission was held in Islamabad on Thursday under the Chairmanship o...

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