News Update

15

May 2024

May 15, 2024 • 5 min read

Is Inflation in Pakistan Linked to Exchange Rate Depreciation? SBP Explains

The State Bank of Pakistan in its State of Pakistan’s Economy Report for H1-FY24 admitted that it doesn’t understand why...

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News Update

15

May 2024

May 15, 2024 • 5 min read

Citi Pharma Announces Shift to Solar Power, Expects Annual Savings of Over Rs. 100 Million

Citi Pharma Ltd (PSX: CPHL) announced on Wednesday that it is transitioning from traditional energy sources to solar pow...

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News Update

15

May 2024

May 15, 2024 • 5 min read

Investors Will Be Able to Open Multiple Trading Accounts Starting Next Week

The National Clearing Company of Pakistan Limited (NCCPL) has launched the Simultaneous Account Opening Facility to help...

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News Update

15

May 2024

May 15, 2024 • 5 min read

Govt May Increase Tax on Cash Withdrawal From July 2024

The federal government is likely to increase an advance tax on cash withdrawal by non-filers from banks in the next fisc...

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News Update

15

May 2024

May 15, 2024 • 5 min read

Fertilizer Manufacturers Agree to Reduce Urea Prices

Fauji Fertilizer Company Managing Director and CEO Jahangir Piracha called on the Federal Minister for Industries and Pr...

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News Update

14

May 2024

May 14, 2024 • 5 min read

Sindh Govt Plans to Establish New Industrial Zones to Attract Foreign Investment

The Sindh Government is planning to establish new industrial zones across the province, mainly in Karachi, under a new i...

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News Update

14

May 2024

May 14, 2024 • 5 min read

PSX Breaks All Records to Close Above 74,500 As Momentum Persists

Pakistan Stock Exchange (PSX) closed at a new all-time high in today’s session after crossing 74,500, summiting the prev...

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News Update

14

May 2024

May 14, 2024 • 5 min read

Pakistan to Miss Out On GDP Target This Year, Says SBP

The State Bank of Pakistan (SBP) has forecast the GDP growth rate to be settled between 2 and 3 percent in the current f...

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News Update

14

May 2024

May 14, 2024 • 5 min read

Australia Assures Support for Socio-Economic Development of Pakistan

Australian High Commissioner to Pakistan Neil Hawkins called on Minister for Finance Muhammad Aurangzeb at the Finance D...

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News Update

14

May 2024

May 14, 2024 • 5 min read

Govt to Expedite Conversion of Agricultural Tube Wells to Solar Energy in Balochistan

A high-level meeting chaired by Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal was held...

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News Update

14

May 2024

May 14, 2024 • 5 min read

Shocking Report Reveals Pakistan’s Super Rich Own Property Worth Billions of Dollars in Dubai

Pakistanis own properties with a combined value of an estimated $11 billion (Rs. 30 trillion) in Dubai according to a bo...

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News Update

14

May 2024

May 14, 2024 • 5 min read

Cabinet Committee Reviews Implementation of State-Owned Enterprises Policy

The Cabinet Committee on State-Owned Enterprises (CCoSOEs) Monday directed the concerned Ministries/Divisions to submit...

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News Update

14

May 2024

May 14, 2024 • 5 min read

Gold Price in Pakistan Declines Once Again

The price of gold in Pakistan fell by another Rs. 1,200 per tola on Tuesday to settle at Rs. 241,100 per tola. According...

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News Update

14

May 2024

May 14, 2024 • 5 min read

Cnergyico Temporarily Shuts Down Refinery Due to High Petroleum Products Stocks

Cnergyico PK Limited, Pakistan’s largest vertically integrated oil refining company, Tuesday announced that it is tempor...

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News Update

14

May 2024

May 14, 2024 • 5 min read

MSCI Likely to Add At Least 3 More PSX Companies to Its Indices

MSCI is scheduled to release its results of the May 2024 Semi-Annual Index Review today (ie. May 14, 2024). The announce...

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News Update

14

May 2024

May 14, 2024 • 5 min read

Brief Respite: PKR Stable Against US Dollar, AED, Saudi Riyal

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

14

May 2024

May 14, 2024 • 5 min read

IMF Unhappy With Shortcomings in FBR Track and Trace System

The International Monetary Fund (IMF) Mission isn’t happy with shortcomings in the implementation of the track and trace...

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News Update

14

May 2024

May 14, 2024 • 5 min read

Govt Slashes Profit Rates on National Savings Schemes

The government has decreased the rates of profit on national savings certificates and schemes by up to 24 bps. The profi...

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News Update

14

May 2024

May 14, 2024 • 5 min read

PM Shehbaz Orders to Expedite CPEC-2, Other Projects Under Chinese Investment

Prime Minister Shahbaz Sharif chaired a high-level meeting on the China-Pakistan Economic Corridor (CPEC) and other proj...

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News Update

14

May 2024

May 14, 2024 • 5 min read

Islamabad High Court Orders to Stop Blocking Mobile Phone SIMs of Non-Filers

Islamabad High Court has temporarily stopped the federal government from initiating the nationwide blocking process of S...

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News Update

14

May 2024

May 14, 2024 • 5 min read

Business Community Ready to Help Govt Achieve $100 Billion Domestic Exports: FPCCI

President Federation of Pakistan Chamber of Commerce and Industry Atif Ikram Sheikh has said that the Business Community...

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News & Updates

Is Inflation in Pakistan Linked to Exchange Rate Depreciation? SBP Explains

Citi Pharma Announces Shift to Solar Power, Expects Annual Savings of Over Rs. 100 Million

Investors Will Be Able to Open Multiple Trading Accounts Starting Next Week

Govt May Increase Tax on Cash Withdrawal From July 2024

Fertilizer Manufacturers Agree to Reduce Urea Prices

Sindh Govt Plans to Establish New Industrial Zones to Attract Foreign Investment

PSX Breaks All Records to Close Above 74,500 As Momentum Persists

Pakistan to Miss Out On GDP Target This Year, Says SBP

Australia Assures Support for Socio-Economic Development of Pakistan

Govt to Expedite Conversion of Agricultural Tube Wells to Solar Energy in Balochistan

Shocking Report Reveals Pakistan’s Super Rich Own Property Worth Billions of Dollars in Dubai

Cabinet Committee Reviews Implementation of State-Owned Enterprises Policy

Gold Price in Pakistan Declines Once Again

Cnergyico Temporarily Shuts Down Refinery Due to High Petroleum Products Stocks

MSCI Likely to Add At Least 3 More PSX Companies to Its Indices

Brief Respite: PKR Stable Against US Dollar, AED, Saudi Riyal

IMF Unhappy With Shortcomings in FBR Track and Trace System

Govt Slashes Profit Rates on National Savings Schemes

PM Shehbaz Orders to Expedite CPEC-2, Other Projects Under Chinese Investment

Islamabad High Court Orders to Stop Blocking Mobile Phone SIMs of Non-Filers

Business Community Ready to Help Govt Achieve $100 Billion Domestic Exports: FPCCI

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