News & Updates

News Update

05

Jun 2024

Jun 05, 2024 • 5 min read

FFC, FFBL Announce Major Cut in DAP Prices

Fauji Fertilizer Company Ltd (FFC) and Fauji Fertilizer Bin Qasim Ltd (FFBL) have both reduced prices of DAP. In a notic...

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News Update

05

Jun 2024

Jun 05, 2024 • 5 min read

Rupee Stable But Closes in Red Against US Dollar Amid Budget Uncertainty

The Pakistani rupee (PKR) was stable against the US Dollar today after opening trade at 278 in the interbank market. It...

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News Update

05

Jun 2024

Jun 05, 2024 • 5 min read

Pakistan, China Ink 32 MoUs in Multiple Sectors

The private sector of Pakistan and China inked 32 memoranda of understanding (MoUs) in different fields on the sidelines...

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News Update

05

Jun 2024

Jun 05, 2024 • 5 min read

USF Has So Far Invested Over Rs. 35 Billion in 26 Optical Fiber Cable Projects in Pakistan

The Universal Service Fund (USF) has initiated 26 Backhaul Optical Fiber Cable (OFC) projects nationwide since its incep...

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News Update

05

Jun 2024

Jun 05, 2024 • 5 min read

HBL, EXIM Sign MoU to Implement EXIM’s Trade Credit Insurance Facilities

HBL and EXIM (Export-Import Bank of Pakistan) signed a Memorandum of Understanding (MoU) to collaborate in the structuri...

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News Update

04

Jun 2024

Jun 04, 2024 • 5 min read

HEC’s Indicative Budget Ceiling Raised to Rs. 65 Billion for 2024-25

The Finance Division has upward revised the Indicative Budget Ceiling (IBC) for the Higher Education Commission (HEC) to...

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News Update

04

Jun 2024

Jun 04, 2024 • 5 min read

PSX Approves Listing of Two New ABL Money Market Funds

Allied Bank Limited (PSX: ABL) has expanded its money market offerings with two new listings on the Pakistan Stock Excha...

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News Update

04

Jun 2024

Jun 04, 2024 • 5 min read

Petroleum Sales Surge to Highest Level in 9 Months

Pakistan recorded monthly OMC sales of 1.39 million tons up by 7 percent year-on-year (YoY) and 26 percent month-on-mont...

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News Update

04

Jun 2024

Jun 04, 2024 • 5 min read

Habib Metro Bank Starts Its Currency Exchange Operations

Habib Metropolitan Bank Limited (PSX: HMB) has started its currency exchange operations, the bank informed the Pakistan...

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News Update

04

Jun 2024

Jun 04, 2024 • 5 min read

Sindh CM Urges Center to Address Financial Challenges Facing Thar Coal Project

Sindh Chief Minister Syed Murad Ali Shah has called on Federal Finance Minister Muhammad Aurangzeb to address the financ...

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News Update

04

Jun 2024

Jun 04, 2024 • 5 min read

Price of Gold in Pakistan Rises Slightly

The price of gold in the country increased by Rs. 700 per tola on Tuesday. According to data issued by the Karachi Saraf...

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News Update

04

Jun 2024

Jun 04, 2024 • 5 min read

K-Electric Seeks Additional Increase in Pending Tariff Request

Karachi’s power utility K-Electric has submitted a claim for Fuel Price Adjustment (FPA) for April 2024 to the National...

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News Update

04

Jun 2024

Jun 04, 2024 • 5 min read

U Bank Inaugurates Its First Islamic Banking Window in Karachi

U Microfinance Bank (U Bank) has inaugurated its first Islamic Banking Window in its branch in Karachi. This will be fol...

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News Update

04

Jun 2024

Jun 04, 2024 • 5 min read

Cement Sales Up by Almost 8% During May

Cement despatches increased by 7.83 percent in May 2024 with total cement despatches during the month recorded at 4.275...

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News Update

04

Jun 2024

Jun 04, 2024 • 5 min read

UBL Officially Launches Its Currency Exchange Operations

United Bank Limited (PSX: UBL) on Monday organized an official launch ceremony of its wholly-owned subsidiary, UBL Curre...

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News Update

04

Jun 2024

Jun 04, 2024 • 5 min read

Rupee Gains Six Paisas Against US Dollar To End Session

The Pakistani rupee (PKR) rose slightly against the US Dollar today after opening trade at 278 in the interbank market....

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News Update

04

Jun 2024

Jun 04, 2024 • 5 min read

FBR Uncovers Network That Committed Tax Fraud of Over Rs. 21 Billion

As part of the national drive against tax crimes by the Federal Board of Revenue (FBR), the Directorate General of Intel...

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News Update

04

Jun 2024

Jun 04, 2024 • 5 min read

Leading the Way in Renewable Energy: Mondelez Pakistan 2.2 MW Partnership with Shams Power

Mondelez Pakistan has partnered with Shams Power to solarize its confectionary and powdered beverages plants and to take...

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News Update

04

Jun 2024

Jun 04, 2024 • 5 min read

Uncertainty Looms Over Budget Presentation Next Week

The presentation of Federal Budget 2024-25 is facing big uncertainty as many issues remain unresolved. The budget is sch...

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News Update

04

Jun 2024

Jun 04, 2024 • 5 min read

Over 23,000 Retailers Have Registered With FBR’s New Tajir Dost Scheme

A total of 23,497 shopkeepers/retailers have been registered with the Tajir Dost scheme till June 4, 2024. According to...

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News Update

04

Jun 2024

Jun 04, 2024 • 5 min read

CCP Approves Merger of IBP, NIBAF

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

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