News & Updates

News Update

16

May 2024

May 16, 2024 • 5 min read

PIA Sale to Be Aired Live on TV: Privatization Minister

Federal Minister for Board of Investment, Privatization and Communications Abdul Aleem Khan has said that the government...

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News Update

16

May 2024

May 16, 2024 • 5 min read

Petroleum Imports Decline By 1.5% in 10 Months

Petroleum group imports witnessed a negative growth of 1.53 percent during the first 10 months (July-April) of the curre...

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News Update

15

May 2024

May 15, 2024 • 5 min read

Govt to Re-examine Structure of Planning Commission

Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal presided over a high-level meeting to dis...

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News Update

15

May 2024

May 15, 2024 • 5 min read

Govt Announces Big Cut in Price of Petrol

The federal government on Wednesday slashed prices of petroleum products for the next fortnight. According to a notifica...

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News Update

15

May 2024

May 15, 2024 • 5 min read

The Bank of Punjab Joins SME Finance Forum

The Bank of Punjab, a Key player in Pakistan’s SME banking Segment, has joined hands with SME Finance Forum (SMEFF) mana...

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News Update

15

May 2024

May 15, 2024 • 5 min read

Salaam Family Takaful Limited Obtains License to Operate as the First Ever Digital Only Islamic Life Insurance Provider

Living up to its reputation of creating revolutionary solutions and taking unprecedented initiatives, Salaam Takaful Lim...

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News Update

15

May 2024

May 15, 2024 • 5 min read

Oil Industry Demands Govt to Immediately Release Rs. 90 Billion

The Oil Marketing Association of Pakistan (OMAP) has demanded the federal government to release Rs. 90 billion in foreig...

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News Update

15

May 2024

May 15, 2024 • 5 min read

MSCI Adds Pakistani Listed Bank to its Index

Investment research firm and stock markets index provider Morgan Stanley Capital International (MSCI) has added one Paki...

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News Update

15

May 2024

May 15, 2024 • 5 min read

Arif Habib Reveals ‘New Acquirers’ of 69% Stake in Engro Powergen

There has been a change in the acquiring entities of Engro Powergen Qadirpur Limited (PSX: EPQL) who want to purchase 68...

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News Update

15

May 2024

May 15, 2024 • 5 min read

Searle to Divest 100% Control in Subsidiary

The Board of Directors of Searle Company Limited (PSX: SEARL) has in-principal approved the disposal of 100 percent shar...

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News Update

15

May 2024

May 15, 2024 • 5 min read

Faysal Bank Inaugurates New Regional Head Office & Flagship Branch in Multan

Faysal Bank Limited (FBL) Pakistan’s fastest-growing Islamic bank, inaugurated its Multan Regional Head office building,...

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News Update

15

May 2024

May 15, 2024 • 5 min read

Pakistani Rupee Devalues Against All Major Currencies Today

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

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News Update

15

May 2024

May 15, 2024 • 5 min read

Gold Price in Pakistan Rebounds After Successive Falls

The price of gold in Pakistan increased on Wednesday after falling on the opening two days of the week. According to dat...

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News Update

15

May 2024

May 15, 2024 • 5 min read

Power Tariff Likely to Increase By Rs. 7 Per Unit in July 2024

The federal government has shared with the International Monetary Fund (IMF) that it will increase the average electrici...

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News Update

15

May 2024

May 15, 2024 • 5 min read

Finance Minister Assures Industrialists of Resolving Energy Pricing Issues

Federal Minister for Finance Muhammad Aurangzeb chaired a meeting to address the challenges confronted by the industrial...

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News Update

15

May 2024

May 15, 2024 • 5 min read

Pakistan’s Large-Scale Manufacturing Sector Grows 2% in March 2024

The Large-Scale Manufacturing Industries (LSMI) output increased by 2.04 percent for March 2024 compared with March 2023...

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News Update

15

May 2024

May 15, 2024 • 5 min read

FBR Proposes Revising Taxes and Duties on Tea Imports

The upcoming federal budget (2024-25) would issue new rates of duties and taxes on the import of black tea. The Federal...

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News Update

15

May 2024

May 15, 2024 • 5 min read

No Talks with IMF to Increase Electricity Prices: Minister

Federal Minister for Power Sardar Awais Ahmad Khan Leghari Wednesday said that no talks have taken place with the Intern...

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News Update

15

May 2024

May 15, 2024 • 5 min read

Pakistan, US Agree to Boost Cooperation in IT and Telecom Sector 

US Ambassador to Pakistan Donald Blome called on Minister of State for IT and Telecommunication Shaza Fatima Khawaja on...

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News Update

15

May 2024

May 15, 2024 • 5 min read

BAT Invests in Pakistan’s Future with New GBS Hub in Lahore, Creating Jobs and Boosting Forex Inflow

BAT, one of the world’s largest multi-category consumer goods companies, has officially launched its Global Business Sol...

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News Update

15

May 2024

May 15, 2024 • 5 min read

Circular Debt to Rise By Rs. 150 Billion By End-FY24

The federal government has informed the International Monetary Fund (IMF) that it expects circular debt to increase by R...

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