News & Updates

News Update

30

Apr 2024

Apr 30, 2024 • 5 min read

6th OICCI Women Empowerment Awards Showcase Corporate Contributions to Gender Equality

Emphasizing the vital importance of creating conducive conditions for women to flourish in the realms of business and en...

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News Update

30

Apr 2024

Apr 30, 2024 • 5 min read

Rupee Rises Slightly Against US Dollar After Much Awaited IMF News

The Pakistani rupee closed in green against the US Dollar today after opening trade at 278 in the interbank market. It r...

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News Update

30

Apr 2024

Apr 30, 2024 • 5 min read

Industries Minister Orders Fertilizer Companies to Withdraw Recent Urea Price Hike

In a move to protect the interests of farmers, Federal Minister for Industry and Production, Rana Tanveer Hussain here o...

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News Update

30

Apr 2024

Apr 30, 2024 • 5 min read

PTCL Board to Review and Approve Revised Group Consolidated Accounts for 2023

Pakistan Telecommunication Company Ltd (PTCL) Tuesday said that that a meeting of the Board of Directors of the company...

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News Update

30

Apr 2024

Apr 30, 2024 • 5 min read

Interloop Limited Posts Quarterly Profit of Rs. 4.1 Billion

Interloop Limited (ILP) has announced unconsolidated earnings of Rs. 4.1 billion (EPS of Rs. 2.95) for 3QFY24. This take...

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News Update

30

Apr 2024

Apr 30, 2024 • 5 min read

Jazz Closes First-Ever Telecom Sukuk at Rs. 15 Billion to Advance its 4G For All Digital Agenda

Pakistan’s leading digital operator, Jazz, announces the successful closure of its Rs. 15 billion Sukuk, marking the fir...

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News Update

30

Apr 2024

Apr 30, 2024 • 5 min read

KuCoin Survey Reveals High Global Interest in Blockchain Careers and Education

KuCoin, a leading global crypto exchange, has launched a survey report on Blockchain Education and Career as its new KuC...

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News Update

30

Apr 2024

Apr 30, 2024 • 5 min read

FBR Orders PTA, Telcos to Block SIMs of Over 0.5 Million Non-Filers

The Federal Board of Revenue (FBR) has issued Income Tax General Order (ITGO) to disable the mobile phone SIMs of over 0...

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News Update

30

Apr 2024

Apr 30, 2024 • 5 min read

National Foods Ltd Invests Rs. 7 Billion to Establish its Largest Production Plant

National Foods Limited (NFL) has established its largest state-of-the-art production plant in Faisalabad with an investm...

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News Update

30

Apr 2024

Apr 30, 2024 • 5 min read

UK, Pakistan Strengthen Partnership for Socio-Economic Development

A meeting took place on Tuesday between the Minister for Economic Affairs, Ahad Khan Cheema, and Jo Moir, the Developmen...

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News Update

30

Apr 2024

Apr 30, 2024 • 5 min read

Accountability Court Clears Engro Officials of Wrongdoing in LNG Contract Case

The Accountability Court has honourably exonerated and acquitted Engro Corp (PSX: ENGRO) Chairman Hussain Dawood, Direct...

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News Update

30

Apr 2024

Apr 30, 2024 • 5 min read

Higher Markup Payments Pose Significant Challenges to Fiscal Management: Finance Ministry

The Finance Division Tuesday said growing pressure on expenditures due to higher markup payments presents significant ch...

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News Update

30

Apr 2024

Apr 30, 2024 • 5 min read

Askari Bank’s Profit Declines By 21% in First 3 Months of 2024

Askari Bank Limited (PSX: AKBL) announced earnings (PAT) today for the first three months of 2024 (1QCY24) at Rs. 3.7 bi...

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News Update

30

Apr 2024

Apr 30, 2024 • 5 min read

Samsung Made a Comeback in Q1 2024 With 10x Increase in Profit

Samsung has released its latest financial report today, covering the first quarter of 2024 and it shows a stark recovery...

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News Update

30

Apr 2024

Apr 30, 2024 • 5 min read

Excise Duty Collection Surged 64% in 9 Months of FY24

The collection of federal excise duty (FED) witnessed a handsome growth of 64.2 percent during July-March (2023-23) agai...

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News Update

30

Apr 2024

Apr 30, 2024 • 5 min read

Govt to Publicly Reveal Assets of Bureaucrats and Officers Soon For IMF

The federal government has fulfilled yet another condition of the International Monetary Fund (IMF) by recommending 13 g...

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News Update

30

Apr 2024

Apr 30, 2024 • 5 min read

Consumer Confidence Index Falls by 2.4% in April

The Consumer Confidence Index (CCI) in Pakistan fell by 2.4 percent on a month-on-month (MoM) basis or 0.8 points to 32....

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News Update

30

Apr 2024

Apr 30, 2024 • 5 min read

Systems Limited Profit Down 59% in First Quarter of 2024

Systems Limited (SYS) announced the financial result for 1QCY24 whereby the company posted a profit after tax (PAT) of R...

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News Update

30

Apr 2024

Apr 30, 2024 • 5 min read

HBL Board Approves Rs. 6 Billion Equity Investment in its Subsidiary

The Board of Directors of Habib Bank Ltd (HBL) has approved an Equity Investment of up to Rs. 6 billion in its subsidiar...

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News Update

30

Apr 2024

Apr 30, 2024 • 5 min read

Pakistan Receives Final Loan Tranche of $1.1 Billion From IMF

The State Bank of Pakistan (SBP) has received the third and final tranche of $1.1 billion from the International Monetar...

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News Update

30

Apr 2024

Apr 30, 2024 • 5 min read

Govt Expects Inflation to Ease to 17.5-18.5% in May

The Finance Division expects inflation to ease to 17.5-18.5 percent in May 2024 while it is projected to hover around 18...

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