News & Updates

News Update

17

May 2024

May 17, 2024 • 5 min read

Pakistan Posts Current Account Surplus of $491 Million in April

Pakistan’s current account balance posted a surplus of $491 million in April 2024, according to data released by the Sta...

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News Update

16

May 2024

May 16, 2024 • 5 min read

Pakistan’s Public Debt Up By Over Rs. 8 Trillion in One Year

The total debt and liabilities of the federal government increased by 11.6 percent on a year-on-year (YoY) basis in Marc...

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News Update

16

May 2024

May 16, 2024 • 5 min read

IMF Orders Pakistan to Increase Tax on Purchases of Property

The International Monetary Fund (IMF) has directed Pakistan to increase advance tax on the purchase of immovable propert...

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News Update

16

May 2024

May 16, 2024 • 5 min read

Rupee Depreciates Against US Dollar, Other Currencies 2nd Day in a Row

The Pakistani rupee (PKR) lost further ground against the US Dollar today after opening trade at 278 in the interbank ma...

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News Update

16

May 2024

May 16, 2024 • 5 min read

SECP Commences Second Phase of Digital Transformation and Automation Project

The Securities and Exchange Commission of Pakistan (SECP) commenced the second phase of its end-to-end digital transform...

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News Update

16

May 2024

May 16, 2024 • 5 min read

Islamabad’s Green Belts and Plantation Sites Illegally Occupied

The encroachment mafia has tightened its grip on the federal capital, illegally occupying green belts and plantation sit...

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News Update

16

May 2024

May 16, 2024 • 5 min read

Pakistan Should Restructure Its Support Prices Mechanism for Crops: SBP

Pakistan can restructure MSP mechanism mainly by prioritizing staple crops, especially wheat, and increasing the role of...

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News Update

16

May 2024

May 16, 2024 • 5 min read

PTA Denies Loss of Revenue Due to Phone Blocking on Non-Payment of FBR Taxes

The Pakistan Telecommunication Authority (PTA) on Thursday said that the national exchequer has not experienced any loss...

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News Update

16

May 2024

May 16, 2024 • 5 min read

Islamabad High Court Allows CCP to Proceed With Inquiry Against Transworld Associates

The Islamabad High Court has allowed the Competition Commission of Pakistan (CCP) to proceed with its inquiry against Tr...

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News Update

16

May 2024

May 16, 2024 • 5 min read

Trademor Partners With Tridge, Bringing Global Access to Pakistani Agri-Food Sector

Trademor, a leading B2B supplier onboarding partner with Alibaba.com, has announced its recent collaboration with Tridge...

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News Update

16

May 2024

May 16, 2024 • 5 min read

Solar Panel Prices Increase Once Again

The cost of solar panels has risen once again in Lahore. The price of a 7 to 15-kilowatt system has surged from Rs25,000...

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News Update

16

May 2024

May 16, 2024 • 5 min read

7 Pakistanis Make it to Forbes’ 30 Under 30 List

Seven Pakistanis have made it to this year’s Forbes’ 30 Under 30 List. Forbes unveiled its ninth annual “30 Under 30 Asi...

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News Update

16

May 2024

May 16, 2024 • 5 min read

SBP Reserves Stable at Just Above $9 Billion

The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $15 million on a weekly basis according t...

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News Update

16

May 2024

May 16, 2024 • 5 min read

Govt Recklessly Planning to Cut Power Tariff for Industry in Next Budget Amid IMF Talks

The federal government is drawing up a Rs. 100 billion relief package for the industrial sector in the upcoming fiscal y...

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News Update

16

May 2024

May 16, 2024 • 5 min read

Pakistani Group To Collaborate With UAE NymCards For Fintech Expansion

Pakistan’s financial consultancy firm, Dellsons Associates (Pvt) Ltd, will provide its financial expertise to expand ope...

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News Update

16

May 2024

May 16, 2024 • 5 min read

Strengthening Partnerships: Euronet Expands Debit Card Management and ATM Driving Services for JS Bank

JS Bank, one of the fastest-growing banks in the country, has partnered with Euronet Pakistan, a division of Euronet Wor...

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News Update

16

May 2024

May 16, 2024 • 5 min read

Pakistan’s Textile Exports Slump 5% in April to 12-Month Low

Pakistan’s textile exports declined by 4.84 percent in April 2024 and stood at $1.237 billion compared to exports of $1....

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News Update

16

May 2024

May 16, 2024 • 5 min read

Finance Minister Confirms Withdrawal of Tax Exemptions For Ex-FATA, PATA Regions

Finance Minister Muhammad Aurangzeb announced the withdrawal of tax exemptions for the former Federally Administered Tri...

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News Update

16

May 2024

May 16, 2024 • 5 min read

IMF Demands Govt to Get Rid Of Loss-Making State-Owned Enterprises

The International Monetary Fund (IMF) has raised concerns about the growing financial losses of State-Owned Enterprises...

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News Update

16

May 2024

May 16, 2024 • 5 min read

PM Shehbaz Orders NEPRA to Reduce Solar Net Metering Rates

Prime Minister Shehbaz Sharif has ordered the National Electric Power Regulatory Authority (NEPRA) and the Power Divisio...

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News Update

16

May 2024

May 16, 2024 • 5 min read

Gold Price in Pakistan up by Rs. 4,500 Per Tola in Just Two Days

The price of gold in Pakistan posted its second straight increase on Thursday to settle at Rs. 245,600 per tola. Accordi...

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