News & Updates

News Update

13

May 2024

May 13, 2024 • 5 min read

IMF Urges Pakistan to Solve Its Political Crisis For Economic Stability

The International Monetary Fund (IMF) has urged Pakistan to ensure economic stability by addressing its political crisis...

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News Update

13

May 2024

May 13, 2024 • 5 min read

IMF Wants Pakistan to Withdraw Incentives For International Investors

The International Monetary Fund (IMF) has recommended that Pakistani authorities withdraw/eliminate all incentives for s...

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News Update

13

May 2024

May 13, 2024 • 5 min read

IMF Sees Inflation Falling to 6.5% in Pakistan by 2027-28

The International Monetary Fund (IMF) has projected a decline in inflation to less than 6.5 percent by financial year 20...

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News Update

13

May 2024

May 13, 2024 • 5 min read

Ministers Refuse PM’s Order to Go Environment-Friendly And Save Rs. 1 Billion

Most federal ministries have disregarded Prime Minister Shehbaz Sharif’s order regarding the adoption of E-Office. If th...

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News Update

13

May 2024

May 13, 2024 • 5 min read

Gold Price in Pakistan Falls After Gaining Over Rs. 5,000 Per Tola Last Week

The price of gold in Pakistan fell by over Rs. 1,000 per tola on Monday to settle at Rs. 242,300. According to data issu...

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News Update

13

May 2024

May 13, 2024 • 5 min read

PSX Closes At New All-Time High Amid Positive IMF Vibes

Pakistan Stock Exchange (PSX) closed at a new all-time high in today’s session after briefly crossing 74,000 amid positi...

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News Update

13

May 2024

May 13, 2024 • 5 min read

FPCCI President Urges Govt to Open Chaman Border

Federation of Pakistan Chambers of Commerce & Industry (FPCCI) President Atif Ikram Sheikh Monday urged the government t...

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News Update

13

May 2024

May 13, 2024 • 5 min read

Telcos Assure Finance Minister That 5,000 SIMs of Non-Filers Will be Blocked Daily

Telecom companies assured Finance Minister Muhammad Aurangzeb on Monday that they would block 5,000 SIMs of non-filers o...

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News Update

13

May 2024

May 13, 2024 • 5 min read

Chicken Prices See a Sudden Massive Drop In Punjab

Chicken prices have been reduced by Rs. 61 per kilogram in Punjab effective May 13, 2024. The price of chicken meat in t...

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News Update

13

May 2024

May 13, 2024 • 5 min read

PSX Announces 5th Batch of Stocks Moving to One Share Lot Size

The Pakistan Stock Exchange (PSX) Monday announced that it is planning to implement the 5th batch of existing 500 Lot si...

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News Update

13

May 2024

May 13, 2024 • 5 min read

IMF Mission Chief Meets Finance Minister

The International Monetary Fund (IMF) mission led by IMF Mission Chief Nathan Porter called on the Finance Minister Muha...

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News Update

13

May 2024

May 13, 2024 • 5 min read

Chinese Company to Inject 200 MW Solar Energy Into Pakistan’s Power Grid

Trina Solar Asia Pacific – one of the leading solar energy companies in China – has announced plans to inject 200 megawa...

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News Update

13

May 2024

May 13, 2024 • 5 min read

SBP Boosts Tracking of Cross-Border Foreign Currency Payments With RAS Upgrade

The State Bank of Pakistan (SBP) has strengthened tracking of cross-border foreign currency payments via its Regulatory...

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News Update

12

May 2024

May 12, 2024 • 5 min read

IMF Mission to Arrive in Pakistan Next Week to Negotiate New $6-8 Billion Loan Program

A team from the International Monetary Fund (IMF) will visit Pakistan next week to discuss a new loan program, the lende...

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News Update

12

May 2024

May 12, 2024 • 5 min read

IMF Seeks Briefing On Tax Proposals For Upcoming Budget

The International Monetary Fund (IMF) has called for a briefing on the tax-related proposals for the upcoming financial...

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News Update

12

May 2024

May 12, 2024 • 5 min read

Downside Risks For Pakistan’s Economy Remain Exceptionally High: IMF

The International Monetary Fund (IMF) said on Friday that downside risks for Pakistan’s economy remain exceptionally hig...

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News Update

12

May 2024

May 12, 2024 • 5 min read

More ADB Support Hinges on Upcoming IMF Talks: Country Director

The Asian Development Bank (ADB) Country Director for Pakistan Yong Ye expressed optimism about Pakistan’s economic futu...

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News Update

12

May 2024

May 12, 2024 • 5 min read

Pakistan’s Inflation Down 4th Week in a Row

The Sensitive Price Index (SPI)-based inflation for the week ended on May 9, 2024, decreased by 1.39 percent due to decl...

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News Update

12

May 2024

May 12, 2024 • 5 min read

Petrol, Diesel Prices Expected to Drop Again Next Week

MS petrol and High-Speed Diesel (HSD) prices are expected to fall next week due to international oil prices recently plu...

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News Update

12

May 2024

May 12, 2024 • 5 min read

IMF Forcing Govt to End Petrol Quota of Ministers

The federal government is considering a proposal to cut the petrol expenditure of ministers and other cabinet members in...

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News Update

11

May 2024

May 11, 2024 • 5 min read

STZA, NRTC Sign Rs. 12.5 Billion Zone Development Agreement

The Special Technology Zones Authority (STZA) and the National Radio & Telecommunication Corporation (NRTC) have formall...

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