News & Updates

News Update

06

Jun 2024

Jun 06, 2024 • 5 min read

Pak Rupee Loses Further Ground Against Dollar 2nd Day in a Row

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

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News Update

06

Jun 2024

Jun 06, 2024 • 5 min read

SBP Reserves Hold $9 Billion Level After Marginal Increase

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased marginally on a weekly basis according...

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News Update

06

Jun 2024

Jun 06, 2024 • 5 min read

End Lawlessness in Karachi in 3 Days Or We Strike: Industrialists

Industrialists demanded the security, law, and order authorities to arrest the killers behind the assassination of indus...

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News Update

06

Jun 2024

Jun 06, 2024 • 5 min read

Pakistan Banks’ Association (PBA) and IFC Join Forces to Boost Green Buildings in Pakistan

Pakistan Banks’ Association (PBA), in partnership with the International Finance Corporation (IFC), arranged a workshop...

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News Update

06

Jun 2024

Jun 06, 2024 • 5 min read

Pakistan to Seek $600 Million Loan From China For Upcoming Fiscal Year

Prime Minister Shehbaz Sharif and Finance Minister Muhammad Aurangzeb will meet with the Industrial and Commercial Bank...

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News Update

06

Jun 2024

Jun 06, 2024 • 5 min read

Food Inflation Down, Public Debt Now At Sustainable Level, PM Shehbaz Tells China

Prime Minister Muhammad Shehbaz Sharif met Dr. Wu Fulin, Chairman of China’s Export-Import Bank (CEXIM) in Beijing today...

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News Update

06

Jun 2024

Jun 06, 2024 • 5 min read

SECP Reduces Digital Lenders’ Small-Loan Limit

Securities and Exchange Commission of Pakistan (SECP) has reduced the maximum amount of nano loans to Rs. 50,000 from Rs...

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News Update

06

Jun 2024

Jun 06, 2024 • 5 min read

KP Governor Vows to Solve Electricity-Related Problems of Hattar Industrial Estate

Khyber Pakhtunkhwa Governor Faisal Karim Kundi visited the Federation of Pakistan Chamber of Commerce and Industry (FPCC...

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News Update

06

Jun 2024

Jun 06, 2024 • 5 min read

Treet Corporation Limited Allowed to Set Up Subsidiary in UAE

The Board of Directors of Treet Corporation Limited via a Board Resolution has approved the establishment of a wholly-ow...

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News Update

06

Jun 2024

Jun 06, 2024 • 5 min read

Customs Inspector Blames Senior Officers for Allowing Smuggling of Petroleum Products

The Federal Board of Revenue (FBR) has re-instated an inspector of customs, who alleged that he allowed clearance/passag...

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News Update

06

Jun 2024

Jun 06, 2024 • 5 min read

FBR Issues List of Locally Manufactured Goods for Concessionary Imports

The Federal Board of Revenue (FBR) has issued an updated list of 222 locally manufactured goods for the purpose of conce...

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News Update

06

Jun 2024

Jun 06, 2024 • 5 min read

U Bank and PTET Sign MoU to Provide Lucrative Financial Services to Pensioners

U Microfinance Bank (U Bank) and Pakistan Telecommunication Employees Trust (PTET) have entered into a strategic collabo...

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News Update

06

Jun 2024

Jun 06, 2024 • 5 min read

UBL Extends Record-Breaking Rs. 20 Billion Financing to Engro Fertilizers

United Bank Limited (PSX: UBL) has announced the conclusion of the largest private-sector lending to Engro Fertilizers L...

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News Update

06

Jun 2024

Jun 06, 2024 • 5 min read

Gold Price in Pakistan Up by Over Rs. 2,000 Per Tola as International Prices Rise

The price of gold in Pakistan posted an increase of over Rs. 2,000 per tola on Thursday to settle at Rs. 243,000. Accord...

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News Update

06

Jun 2024

Jun 06, 2024 • 5 min read

Elevate Raises $5 Million to Offer US Dollar Accounts in Emerging Markets Like Pakistan

Elevate, a fintech, based in London and Dubai, has secured financing of $5 million to expand further into South Asia. Th...

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News Update

06

Jun 2024

Jun 06, 2024 • 5 min read

Daraz Adds on to the Celebrations with Its Spectacular “6.6 Big Eid Sale”

As the country prepares for the joyous Eid-ul-Adha festivities, Daraz, Pakistan’s leading online marketplace, is giving...

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News Update

06

Jun 2024

Jun 06, 2024 • 5 min read

NEPRA Hikes Power Tariff By Rs. 3.3 Per Unit in Fuel Adjustment Charges

The National Electric Power Regulatory Authority (NEPRA) on Thursday announced a Rs. 3.3 per unit increase in the price...

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News Update

06

Jun 2024

Jun 06, 2024 • 5 min read

President Promulgates Ordinance Paving Way to Replace Independent Directors in DISCOs

President Asif Ali Zardari Thursday promulgated the State-Owned Enterprises (Governance and Operations) (Amendment) Ordi...

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News Update

06

Jun 2024

Jun 06, 2024 • 5 min read

Over 10,000 Liters of Smuggled Iranian Diesel Seized in Balochistan

Over 10,000 liters of smuggled Iranian diesel has been seized in Uthal City, Balochistan. In a recent operation against...

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News Update

06

Jun 2024

Jun 06, 2024 • 5 min read

PPIB Urges State Bank to Release $758 Million for IPP Payments

The Private Power & Infrastructure Board (PPIB) has asked the State Bank of Pakistan (SBP) to provide $758 million to pa...

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News Update

06

Jun 2024

Jun 06, 2024 • 5 min read

SECP Asks Govt Not to Treat Bonus Shares As Income in Budget 2024-25

The Securities and Exchange Commission of Pakistan (SECP) has proposed a reduction in withholding tax (WHT) on dividends...

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