News & Updates

News Update

03

May 2024

May 03, 2024 • 5 min read

Power Cement Inks Agreement With Solar Company to Build 9.6 MW Wind Power Plant

Power Cement Limited (PSX: POWER) has signed a term sheet with Burj Solar (Private) Limited (Burj Solar) for the develop...

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News Update

03

May 2024

May 03, 2024 • 5 min read

KuCoin Introduces Lifeform in Its 27th Spotlight IEO, Pioneering Decentralized Digital Identity

KuCoin, a leading global cryptocurrency exchange, is excited to announce its 27th Spotlight Token Sale featuring Lifefor...

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News Update

03

May 2024

May 03, 2024 • 5 min read

OGDC, PPL Witness Improvement in Recoveries From Customers

Oil and Gas exploration companies were among the top affected companies of the recent spikes in gas rates. However, post...

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News Update

03

May 2024

May 03, 2024 • 5 min read

Finance Minister Stresses Formulating Strategy to Enhance Tax-to-GDP Ratio 

Federal Minister for Finance Muhammad Aurangzeb on Friday emphasized devising strategies to enhance the tax-to-GDP ratio...

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News Update

03

May 2024

May 03, 2024 • 5 min read

Govt Identifies 31 Customs Officials Facilitating Wheat Smuggling

The federal government has identified 31 Customs officials involved in facilitating the smuggling of essential commoditi...

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News Update

03

May 2024

May 03, 2024 • 5 min read

Govt Accepts FPCCI Demand to Regulate Sea Ports

Atif Ikram Sheikh, President FPCCI, has apprised that Qaiser Ahmed Sheikh, federal minister for maritime affairs, has in...

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News Update

03

May 2024

May 03, 2024 • 5 min read

50-Member Saudi Team to Visit Pakistan for Investment Talks

A 50-member delegation from Saudi Arabia will visit Pakistan on Sunday, May 5th, to discuss investment opportunities in...

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News Update

03

May 2024

May 03, 2024 • 5 min read

Telenor Microfinance Bank Announces Strong Q1 2024 Results, Demonstrating Impressive Growth

Telenor Microfinance Bank (TMB) announced exceptional financial performance for the first quarter of 2024 (Q1’24). The B...

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News Update

03

May 2024

May 03, 2024 • 5 min read

Petroleum Sales Drop to Lowest Level in 6 Months

Petroleum products sales in April 2024 settled at 1.10 million tons, showcasing a decline of 6 percent YoY. According to...

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News Update

03

May 2024

May 03, 2024 • 5 min read

Rupee Rises 3rd Day in a Row Against US Dollar Ahead of Crucial Saudi Meeting

The Pakistani rupee closed this week in green against the US Dollar third day in a row today after opening trade at 277...

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News Update

03

May 2024

May 03, 2024 • 5 min read

Steel Industry Demands Turnover Tax to Be Reduced to 0.5%

The Pakistan Association of Large Steel Producers (PALSP) has urged the government to reduce the turnover tax rate on th...

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News Update

03

May 2024

May 03, 2024 • 5 min read

Gold Price in Pakistan Extends Losing Streak After Fourth Drop This Week

The price of gold in Pakistan dropped for the fourth time this week on Friday to settle at Rs. 239,600 per tola. Accordi...

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News Update

03

May 2024

May 03, 2024 • 5 min read

US Endorses Pakistan’s Efforts to Secure IMF Loan For Economic Recovery

The US State Department reaffirmed its support for Pakistan’s efforts to work with the International Monetary Fund (IMF)...

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News Update

03

May 2024

May 03, 2024 • 5 min read

foodpanda Champions Women’s Empowerment at WIBCON ’24

foodpanda, Pakistan’s leading delivery platform, proudly sponsored and participated in the Women in Business and Leaders...

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News Update

03

May 2024

May 03, 2024 • 5 min read

Govt Forms Another Committee to Review Previous Committee’s Report On Wheat Imports Scandal

The federal government has formed a new four-member committee to review the previous inquiry committee’s report on the e...

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News Update

02

May 2024

May 02, 2024 • 5 min read

Cement Manufacturers Voice Concerns Over Deteriorating Law and Order Situation

All Pakistan Cement Manufacturers Association (APCMA) has shown serious concerns over the deteriorating law and order si...

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News Update

02

May 2024

May 02, 2024 • 5 min read

Pakistan’s Trade Deficit Widens by 180% in April as Imports Surge

Pakistan’s trade deficit widened by 180.58 percent on a year-on-year (YoY) basis and stood at $2.374 billion in April 20...

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News Update

02

May 2024

May 02, 2024 • 5 min read

Pakistan’s Inflation Drops to Lowest level in 2 Years

Pakistan’s Consumer Price Index (CPI) based inflation increased to 17.3 percent on a year-on-year basis in April 2024 as...

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News Update

02

May 2024

May 02, 2024 • 5 min read

Planning Minister Spearheads Strategic Review of Federal Public-Private Partnership Policy

Minister of Planning, Development, and Special Initiatives, Ahsan Iqbal chaired a meeting convened at the Planning Commi...

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News Update

02

May 2024

May 02, 2024 • 5 min read

ADB, FBR Agree to Strengthen Collaboration on Digital Tax Administration Project

The Asian Development Bank (ADB) mission visited the Federal Board of Revenue (FBR) on Thursday and met FBR leadership w...

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News Update

02

May 2024

May 02, 2024 • 5 min read

Sui Gas Removes Over 5,000 Illegal Connections in Karachi

In a major development, Sui Southern Gas Company Limited (SSGCL) has successfully uncovered a large-scale gas theft oper...

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