News & Updates

News Update

10

Jun 2024

Jun 10, 2024 • 5 min read

Load-Shedding to Worsen As Electricity Shortfall Nears 6,000 MW

Electricity shortfall in Pakistan has reached 5,902 MW as summers intensify. Sources said due to the current shortfall,...

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News Update

10

Jun 2024

Jun 10, 2024 • 5 min read

FPCCI Chief Terms Interest Rate Cut Too Little, Too Late

Federation of Pakistan Chambers of Commerce & Industry (FPCCI) President Atif Ikram Sheikh Monday termed the 150 basis p...

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News Update

10

Jun 2024

Jun 10, 2024 • 5 min read

Govt Proposes Rs. 27 Billion Development Budget For IT Ministry in Upcoming Budget

The federal government has proposed a Rs. 27.43 billion development budget for the Ministry of Information Technology an...

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News Update

10

Jun 2024

Jun 10, 2024 • 5 min read

SadaPay CEO Brandon Timinsky Resigns Days After Papara Acquisition

Just days after Turkish-fintech unicorn Papara’s acquisition of Pakistan-based Electronic Money Institution (EMI) SadaPa...

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News Update

10

Jun 2024

Jun 10, 2024 • 5 min read

CCP Approves Artistic Milliners’ Acquisition of Wind Power Producer

The Competition Commission of Pakistan (CCP) has approved the acquisition of 100 percent shareholding of M/s Tenaga Gene...

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News Update

10

Jun 2024

Jun 10, 2024 • 5 min read

SBP Cuts Interest Rate For the First Time in 4 Years

In a big move, the State Bank of Pakistan (SBP) Monday announced that it has decreased the interest by 150 basis points...

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News Update

10

Jun 2024

Jun 10, 2024 • 5 min read

Punjab to Give Advance Salaries on Eid ul Adha

On the instructions of Punjab Chief Minister Maryam Nawaz Sharif, public sector employees will receive advance salaries...

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News Update

10

Jun 2024

Jun 10, 2024 • 5 min read

Bank Alfalah Launches Pakistan’s First Digital Agriculture Financing to Boost Rural Economy

Bank Alfalah, one of the leading commercial and digital banks, proudly announces the launch of Pakistan’s First Digital...

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News Update

10

Jun 2024

Jun 10, 2024 • 5 min read

SBP Expects Reserves to Stay Above $9 Billion by End-June Despite $1 Billion Repayment

The State Bank of Pakistan (SBP) expects foreign exchange reserves to stay above $9 billion by end-June 2024 despite rep...

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News Update

10

Jun 2024

Jun 10, 2024 • 5 min read

PM Shehbaz to Chair National Economic Council Meeting Today

A meeting of the National Economic Council will be held today. After the formation of the National Economic Council, the...

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News Update

10

Jun 2024

Jun 10, 2024 • 5 min read

Petrol Tax Will Increase by Rs. 20/Liter Soon on IMF Demand

Consumers may not see any reductions in MS petrol and High-Speed Diesel (HSD) prices from the next fiscal year (2024-25)...

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News Update

10

Jun 2024

Jun 10, 2024 • 5 min read

Govt Conditionally Allows to Export 150,000 Metric Tons of Sugar

A meeting of the Sugar Advisory Board (SAB) chaired by the Federal Minister for Industries and Production، Rana Tanveer...

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News Update

10

Jun 2024

Jun 10, 2024 • 5 min read

Rupee Begins Budget Week With Losses Against US Dollar

The Pakistani rupee (PKR) started the week with losses against the US Dollar today after opening trade at 278 in the int...

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News Update

10

Jun 2024

Jun 10, 2024 • 5 min read

Imported Phones to Get More Expensive With New Taxes Soon

The prices of imported mobile phones are expected to be raised from July 1, 2024, as duties and taxes on the commercial...

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News Update

10

Jun 2024

Jun 10, 2024 • 5 min read

Gold Price in Pakistan Steady After Saturday’s Slump

The price of gold in Pakistan remained unchanged on Monday after dropping by over Rs. 3,500 per tola on Saturday. Accord...

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News Update

10

Jun 2024

Jun 10, 2024 • 5 min read

Fintech Revolution: How Digital Wallets Are Changing Pakistani Financial Accessibility

Cash has long been the dominant form of payment in Pakistan. Traditional banking systems, with limited branch networks,...

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News Update

10

Jun 2024

Jun 10, 2024 • 5 min read

CCP Recovers Rs. 5 Million Fine From All Pakistan Newspapers Society

The Competition Commission of Pakistan (CCP) has enforced an order against the All Pakistan Newspapers Society (APNS), r...

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News Update

10

Jun 2024

Jun 10, 2024 • 5 min read

Prince Rahim Aga Khan Inaugurates HBL Microfinance Bank’s Regional Headquarters in Gilgit-Baltistan

HBL Microfinance Bank (HBL MfB) inaugurated today its new Regional Headquarters for Gilgit Baltistan. The ceremony was a...

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News Update

10

Jun 2024

Jun 10, 2024 • 5 min read

Govt Set to Allocate Close to Rs. 9 Billion for Healthcare Projects in Upcoming Budget

The federal government is set to include over 60 projects of the Ministry of National Health Services, Regulation and Co...

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News Update

10

Jun 2024

Jun 10, 2024 • 5 min read

CDC Pakistan and Pakistan’s first Digital Insurer Ink Agreement For Information Sharing

Newly licensed by SECP, Pakistan’s first Digital Insurer Salaam Family Takaful Limited (SFTL) and Central Depository Com...

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News Update

10

Jun 2024

Jun 10, 2024 • 5 min read

Servis Tyres Unveils Powerful New Campaign with Global Ambitions

Servis Tyres, a leading Pakistani tyre brand exported to over 40 countries, has truly become a global symbol of quality....

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