News & Updates

News Update

14

May 2024

May 14, 2024 • 5 min read

OGRA Orders OMCs to Pick Up More Diesel From Local Refineries

The Oil & Gas Regulatory Authority (OGRA) has instructed oil marketing companies (OMCs) to pick up more high-speed diese...

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News Update

14

May 2024

May 14, 2024 • 5 min read

Pakistan Likely to Have Branch of a Turkish Bank Soon

Ambassador of the Republic of Turkiye Mehmet Pacaci paid a courtesy call on Federal Minister for Economic Affairs Ahad K...

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News Update

14

May 2024

May 14, 2024 • 5 min read

FBR Ordered to Investigate ‘Neglectful, Inept, Incompetent’ Customs Officers Who Detained a Jeep

The Federal Tax Ombudsman (FTO) has issued directives to the Federal Board of Revenue (FBR) to investigate allegations o...

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News Update

14

May 2024

May 14, 2024 • 5 min read

Govt Aiming to Boost IT Exports to $25 Billion: IT Minister

Minister of State for IT and Telecommunication Shaza Fatima said that the government is aiming to take IT exports to $25...

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News Update

14

May 2024

May 14, 2024 • 5 min read

Govt Working on New Urea Pricing System to Help Farmers

The government is working on a viable gas pricing plan for the fertilizer sector after discovering that producers have n...

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News Update

14

May 2024

May 14, 2024 • 5 min read

P@SHA Proposes Taxation Reforms for Exporters of IT Services

Pakistan Software Houses Association (P@SHA) Chairman Muhammad Zohaib Khan Tuesday said that unanimous and representativ...

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News Update

14

May 2024

May 14, 2024 • 5 min read

Emirates Group Reports Best-Ever Financial Performance for 2023-24

The Emirates Group has announced its best-ever financial performance for the fiscal year 2023-24, reporting a record pro...

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News Update

14

May 2024

May 14, 2024 • 5 min read

Ghazi Fabrics Shuts Down Its Spinning Units Until Further Notice

Ghazi Fabrics International Limited (PSX: GFIL) has closed its spinning units until further notice, the textile company...

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News Update

14

May 2024

May 14, 2024 • 5 min read

Pre-Qualification Process for PIA Sale Will be Completed By May-End

Prime Minister Muhammad Shahbaz Sharif chaired a meeting to review the affairs of the Ministry of Privatization and the...

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News Update

13

May 2024

May 13, 2024 • 5 min read

Citi Expects Pakistan to Seal New $8 Billion IMF Deal by End-July

Wall Street Bank Citi expects Pakistan to strike an agreement with the International Monetary Fund (IMF) for a new four-...

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News Update

13

May 2024

May 13, 2024 • 5 min read

Islamabad is Getting a New Electricity Substation

The National Transmission & Despatch Company (NTDC) is spearheading the development of the Islamabad West Substation, sl...

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News Update

13

May 2024

May 13, 2024 • 5 min read

SECP Releases Guide to Facilitate Modaraba Firms in Complying with Regulations

The Securities and Exchange Commission of Pakistan (SECP) has released a comprehensive guide to facilitate Modaraba Comp...

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News Update

13

May 2024

May 13, 2024 • 5 min read

PM Urgently Approves Rs. 23 Billion Funds For Azad Jammu and Kashmir

Prime Minister Shehbaz Sharif has approved the immediate release of Rs. 23 billion for Azad Jammu and Kashmir (AJK). Thi...

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News Update

13

May 2024

May 13, 2024 • 5 min read

Govt Won’t Give Fuel Subsidy on IMF Demand

The federal government has vowed to the International Monetary Fund (IMF) not to give any new fuel subsidies next fiscal...

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News Update

13

May 2024

May 13, 2024 • 5 min read

Construction Firm Withdraws Offer to Buy Escorts Investment Bank

RMS (Private) Limited has withdrawn its Public Announcement of Intention to directly or indirectly acquire up to 87.96 p...

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News Update

13

May 2024

May 13, 2024 • 5 min read

PM Shehbaz to Meet IMF Mission Next Week to Ask For Another Bailout Package

Prime Minister Shehbaz Sharif will meet the International Monetary Fund (IMF) Mission next week, sources told ProPakista...

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News Update

13

May 2024

May 13, 2024 • 5 min read

Pak Rupee Devalues Against US Dollar to Start Crucial Week

The Pakistani rupee (PKR) again reversed gains against the US Dollar today after opening trade at 278 in the interbank m...

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News Update

13

May 2024

May 13, 2024 • 5 min read

KalPay Closes Early-Stage Round As It Gets Profitable

KalPay – one of the leading Shariah-aligned Buy Now Pay Later fintech service provider in Pakistan has closed an undiscl...

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News Update

13

May 2024

May 13, 2024 • 5 min read

UBL to Build Regional Office at Naya Nazimabad

United Bank Limited (UBL), a leading bank in Pakistan, has acquired a 14,092 sq. yards commercial plot in Naya Nazimabad...

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News Update

13

May 2024

May 13, 2024 • 5 min read

IMF And Pakistan Officially Start Dialogue For New Loan Program

A delegation from the International Monetary Fund (IMF) led by Mission Chief Nathan Porter arrived at the Finance Divisi...

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News Update

13

May 2024

May 13, 2024 • 5 min read

PM Orders Suspension of PASSCO MD Over Wheat Procurement Process

Prime Minister Shehbaz Sharif Monday ordered the suspension of two senior officers of Pakistan Agricultural Storage and...

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