News & Updates

News Update

29

Apr 2024

Apr 29, 2024 • 5 min read

Bad Economics: Rupee Tampering Is Making Currency Market Unsustainable

Almost 3 months into office, the coalition government has pulled off a critical feat in a country long ravaged by inflat...

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News Update

29

Apr 2024

Apr 29, 2024 • 5 min read

Ghazanfar Azzam Steps Down as CEO of Mobilink Bank After a Distinguished 12-Year Tenure

Ghazanfar Azzam has decided to step down as the President and CEO of Mobilink Bank after 12 years of service. Under his...

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News Update

29

Apr 2024

Apr 29, 2024 • 5 min read

CCP Approves 40% Equity Stake Acquisition in GO by Aramco

The Competition Commission of Pakistan (CCP) approved a 40% equity stake acquisition in Gas & Oil Pakistan Ltd (GO) by A...

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News Update

29

Apr 2024

Apr 29, 2024 • 5 min read

IMF Board Likely to Approve $1.1 Billion Final Tranche for Pakistan Today

The Executive Board of the International Monetary Fund (IMF) will meet today to discuss releasing SDR 828 million (aroun...

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News Update

29

Apr 2024

Apr 29, 2024 • 5 min read

Toyota Indus Motors Posts 61% Profit Growth in 9 Months of FY24

Indus Motors Company Limited (PSX: INDU) announced its financial result for 9MFY24 today, posting a profit after tax of...

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News Update

29

Apr 2024

Apr 29, 2024 • 5 min read

SBP Keeps Interest Rate Unchanged 7th Time in A Row Ahead of IMF Board Meeting

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at...

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News Update

29

Apr 2024

Apr 29, 2024 • 5 min read

Inquiry Panel Advises FBR to Form Enforcement Force to Implement Track and Trace System

The Tariq Bajwa-led inquiry Committee has proposed the Federal Board of Revenue (FBR) to establish a dedicated enforceme...

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News Update

29

Apr 2024

Apr 29, 2024 • 5 min read

Gold Price in Pakistan Drops Slightly After Big Decline Last Week

The price of gold in Pakistan fell by Rs. 500 per tola on Monday. According to data issued by the Karachi Sarafa Associa...

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News Update

29

Apr 2024

Apr 29, 2024 • 5 min read

Collaboration Among Govt, Stakeholders Vital for Achieving Digital Transformation: IT Minister

Minister of State for Information Technology and Telecommunication Shaza Fatima on Monday said the collaborations among...

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News Update

29

Apr 2024

Apr 29, 2024 • 5 min read

TPL and Abhi to Submit Joint Offer to Buy FINCA Microfinance Bank

TPL Corp Limited (PSX: TPL) and Abhi (Private) Limited have decided to submit a binding offer to acquire majority stake...

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News Update

29

Apr 2024

Apr 29, 2024 • 5 min read

Pakistan’s Mobile Phone Imports Increased by 181% in 9 Months of FY24

The country imported mobile phones worth $1.301 billion during the first nine months (July-March) of the current fiscal...

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News Update

29

Apr 2024

Apr 29, 2024 • 5 min read

IMF Board Approves Release of $1.1 Billion Loan for Pakistan

The International Monetary Fund (IMF) Executive Board completed the second review under the Stand-By Arrangement (SBA) f...

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News Update

29

Apr 2024

Apr 29, 2024 • 5 min read

PM Shehbaz Discusses New Loan Program With IMF MD in Riyadh

On the sidelines of the World Economic Forum Special Meeting in Riyadh, Prime Minister Muhammad Shahbaz Sharif met Krist...

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News Update

29

Apr 2024

Apr 29, 2024 • 5 min read

Pakistan Incurred a Loss of Rs. 800 Billion Last Year Due to Intellectual Property Rights Violations: OICCI

Effective protection of intellectual property rights [IPR] is essential for attracting and retaining FDI. According to t...

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News Update

29

Apr 2024

Apr 29, 2024 • 5 min read

Pak Rupee Stable At 278 Against US Dollar on IMF News

The Pakistani rupee was stable against the US Dollar after opening trade at 278 in the interbank market. It was stable a...

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News Update

29

Apr 2024

Apr 29, 2024 • 5 min read

FFC Announces First Quarterly Results for Year 2024

Fauji Fertilizer Company Limited (FFC) has announced its financial results for the first quarter ended March 31, 2024 in...

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News Update

29

Apr 2024

Apr 29, 2024 • 5 min read

Business Confidence Index Improves Slightly in April

The Business Confidence Index (BCI) improved by 1.8 points to 53.5 in April 2024, according to the Business Confidence S...

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News Update

29

Apr 2024

Apr 29, 2024 • 5 min read

Pakistan Considering Digital Currency Adoption, Says Aurangzeb

Pakistan is considering the possibility of introducing digital currency within its borders, Finance Minister Muhammad Au...

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News Update

29

Apr 2024

Apr 29, 2024 • 5 min read

OGDC’s 9-Month Profit Up 7% to Rs. 171 Billion

Oil & Gas Development Company Limited (PSX: OGDC) announced its financial result today, posting profit after tax of Rs....

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News Update

29

Apr 2024

Apr 29, 2024 • 5 min read

Standard Chartered Pakistan Posts 22.2% Profit Growth in Q1 2024

Standard Chartered Bank Pakistan Limited (SCBPL) delivered a strong performance, that has led to a growth of 53 percent...

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News Update

29

Apr 2024

Apr 29, 2024 • 5 min read

Hascol Allows Millat Global to Proceed With Acquisition Talks

Hascol Petroleum Limited (PSX: HASCOL) has conditionally accepted an offer from Millat Global Holdings to proceed with n...

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