News & Updates

News Update

26

Apr 2024

Apr 26, 2024 • 5 min read

Weekly Inflation Drops to Lowest Level in Nearly 7 Months

The Sensitive Price Index (SPI) based inflation for the week ended on April 25, 2024, decreased by 1.10 percent due to a...

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News Update

26

Apr 2024

Apr 26, 2024 • 5 min read

PM Vows to Punish Those Who Damaged the Economy

Prime Minister Shehbaz Sharif has warned to hold those responsible for damaging the economy. Chairing a meeting of the f...

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News Update

26

Apr 2024

Apr 26, 2024 • 5 min read

Coca-Cola Invests an Additional $22 Million in Pakistan

Coca-Cola has invested $22 million in the beverage sector, specifically in technology upgrades, capacity enhancement of...

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News Update

26

Apr 2024

Apr 26, 2024 • 5 min read

Rupee Reverses 4-Day Losing Streak Against US Dollar to End Week

The Pakistani rupee reversed its 4-day losing streak against the US Dollar after opening trade at 278 in the interbank m...

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News Update

26

Apr 2024

Apr 26, 2024 • 5 min read

International Packaging Films Ltd Plans to Raise Rs. 1.47 Billion Through IPO at PSX

International Packaging Films Limited intends to raise Rs. 1.47 billion by issuing 70.1 million shares to the public rep...

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News Update

26

Apr 2024

Apr 26, 2024 • 5 min read

Pakistan’s Imports from US Fall by 50% in March 2024

Pakistan’s imports from the US stood at $87.3 million in March 2024, down 50 percent compared to imports of $174.7 milli...

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News Update

26

Apr 2024

Apr 26, 2024 • 5 min read

Gold Price in Pakistan Increases for Third Straight Day

The price of gold in Pakistan increased for the third straight day on Friday to take three-day gains to Rs. 4,100 per to...

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News Update

26

Apr 2024

Apr 26, 2024 • 5 min read

McKinsey & Company’s Proposal for FBR’s Digitization Approved

Finance Minister Muhammad Aurangzeb chaired the meeting of the Steering Committee on the Digitalization of the Federal B...

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News Update

26

Apr 2024

Apr 26, 2024 • 5 min read

Food Items More Expensive At Utility Stores Than Market

Utility Stores are selling essential food items like flour, sugar and rice at exorbitant rates compared to the general m...

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News Update

26

Apr 2024

Apr 26, 2024 • 5 min read

US and Pakistan Renew Trade Framework Amidst Growing Regional Challenges

Pakistan and the United States renewed their Trade and Investment Framework Agreement (TIFA) to address trade issues bet...

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News Update

25

Apr 2024

Apr 25, 2024 • 5 min read

Faysal Bank Profits Up by 103% in Q1 2024

Faysal Bank Limited (FBL) reported over 103% profit growth in the first quarter of 2024, which surged to Rs 6.5 billion...

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News Update

25

Apr 2024

Apr 25, 2024 • 5 min read

PM Constitutes Committee to Allow Export of Small Packets of Cigarettes

The Prime Minister has constituted a 7-member committee to allow the export of small packets of cigarettes. Sources told...

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News Update

25

Apr 2024

Apr 25, 2024 • 5 min read

Organic Meat Company Secures Another $4 Million Contract to Export Beef to UAE

The Organic Meat Company Limited (PSX: TOMCL) has successfully secured another $4 million contract from First Quality Fo...

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News Update

25

Apr 2024

Apr 25, 2024 • 5 min read

SBP Reserves Fall by $74 Million to Dip Below $8 Billion Mark

The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by $74 million on a weekly basis according t...

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News Update

25

Apr 2024

Apr 25, 2024 • 5 min read

Inquiry Reveals FBR Has Failed to Implement Track and Trace System

A comprehensive inquiry into the failure to implement the Federal Board of Revenue’s (FBR’s) Track and Trace System has...

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News Update

25

Apr 2024

Apr 25, 2024 • 5 min read

Fauji Foods Turns The Tide With 4th Consecutive Quaterly Profit

Fauji Foods Limited (PSX: FFL) has posted a Rs. 103 million profit for the quarter that ended on March 31, 2024, a big t...

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News Update

25

Apr 2024

Apr 25, 2024 • 5 min read

Fertilizer Review Committee Proposes Importing 200,000 Metric Tons Urea For Kharif Season

The Fertilizer Review Committee has proposed to immediately import 200,000 metric tons of urea to address the potential...

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News Update

25

Apr 2024

Apr 25, 2024 • 5 min read

Govt Wants to Restrict Role of Commissioner IR to Only Tax Refunds of Up to Rs. 20 Million

The pecuniary jurisdiction of Commissioner Inland Revenue (Appeals) is curtailed under the Tax Laws (Amendment) Bill, 20...

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News Update

25

Apr 2024

Apr 25, 2024 • 5 min read

Experts Stress Need for Documentation of Economy to Enhance Tax Net

Experts underscored the need for documentation of the national economy and income to drive reformed taxation regime inte...

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News Update

25

Apr 2024

Apr 25, 2024 • 5 min read

Gold Price in Pakistan Continues Slow Recovery After Early Week Losses

The price of gold in Pakistan rose marginally on Thursday to settle at Rs. 242,500 per tola. According to data issued by...

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News Update

25

Apr 2024

Apr 25, 2024 • 5 min read

Engro Corp Posts Rs. 5.7 Billion Profit in First Three Months of 2024

Engro Corporation Limited (ENGRO) announced its financial results for Q1 2024, posting a consolidated net profit of Rs....

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