News & Updates

News Update

03

Jul 2024

Jul 03, 2024 • 5 min read

Pakistan Steel Mills Has to Pay Rs. 17 Billion Interest on Loan Every Year

Pakistan Steel Mills faces annual payments of Rs. 17 billion in interest on loans received from the federal government a...

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News Update

03

Jul 2024

Jul 03, 2024 • 5 min read

Rupee Posts Tiny Losses 2nd Day in a Row Against US Dollar

The Pakistani rupee (PKR) posted small losses second day in a row against the US Dollar today after opening trade at 278...

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News Update

03

Jul 2024

Jul 03, 2024 • 5 min read

Trading Corporation of Pakistan Receivables Cross Rs. 280 Billion

The Trading Corporation of Pakistan (TCP) receivables against various departments/organizations stand at Rs. 281.90 bill...

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News Update

03

Jul 2024

Jul 03, 2024 • 5 min read

Saudi Arabia Eases Visa Requirements for Pakistanis

Saudi Arabia, one of the top international destinations for Pakistani travelers, has eased tourist visa requirements wit...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

Raqami Islamic Digital Bank Selects BenchMatrix for the Implementation of RiskNucleus® Anti-Money Laundering Solution

Raqami Islamic Digital Bank, one of the most prominent upcoming Islamic digital banks in Pakistan, has selected BenchMat...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

CCP Starts Hearing of Case on Price Collusion by Fertilizer Firms

The Competition Commission of Pakistan (CCP) has commenced hearing in collusive pricing case, wherein the Fertilizer Man...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

CM Sindh Orders to Avoid Loadshedding During Evening and Night During Muharram

Chief Minister Syed Murad Ali Shah has directed K-Electric, Hyderabad Electric Supply Company (HESCO), and Sukkur Electr...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

SBP Orders Banks to Report All Loans Given to Women

The State Bank of Pakistan (SBP) has directed all banks/DFIs to disclose the loans disbursed to women and women-owned/ma...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

OICCI Members Positively Impact 40 Million People Across Pakistan Through Their CSR Initiatives

Overseas Investors Chamber of Commerce and Industry’s member companies have invested Rs. 13 billion in 2022-2023 in loca...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

Higher Taxes Imposed on Marriage Halls, Caterers, and Restaurants in Sindh

The Sindh government has increased the sales tax on several services, raising it from 13% to 15%. This change impacts va...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

FBR Extends Anti-Smuggling Powers of LEAs

The Federal Board of Revenue (FBR) has extended anti-smuggling powers of various law enforcement agencies (LEAs) up to J...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

Pakistan Petroleum Dealers Association Announces Nationwide Strike

The Pakistan Petroleum Dealers Association has announced a nationwide strike starting from July 5, which will result in...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

Govt Forms Committee to Bring Ethanol-Blended Petrol in Local Market

The government has formed a committee to evaluate the feasibility of introducing ethanol-blended petrol in the local mar...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

Intelligence Agencies to Help Electricity Distribution Companies Recover Dues

The federal government has announced plans to establish specialized units aimed at aiding power distribution companies (...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

Gold Rate in Pakistan Stable After Yesterday’s Marginal Fall

The price of gold in Pakistan remained unchanged on Tuesday after a marginal decline a day earlier. According to data is...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

Citi Pharma Inks Deal to Bring Indian Medicine Into Pakistani Market

Citi Pharma Limited (PSX: CPHL) has entered into an exclusive supply agreement with India’s Murli Krishna Pharma (Privat...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

Rupee Begins FY2024-25 With Losses Against US Dollar

The Pakistani rupee (PKR) started fiscal year 2024-25 with small losses against the US Dollar today after opening trade...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

PSEB Receives Interest from 14 Entities to Establish e-Rozgar Centers in Pakistan

Around fourteen companies and individuals have expressed interest in establishing e-Rozgar centers across various cities...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

Pakistan’s Cash in Circulation Surges to Highest Level in History

Currency in circulation (CiC) in Pakistan has increased by Rs. 900 billion to Rs. 9.4 trillion as of June 21, 2024, acco...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

Essential Food Items More Expensive At Utility Stores Than Market

Utility Stores are selling essential food items like flour, sugar and rice at exorbitant rates compared to the general m...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

Pakistan’s Trade Deficit Narrows 12% in FY24

Pakistan’s trade deficit contracted by over 12 percent in the outgoing fiscal year (FY24) to $24.1 billion. According to...

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