News & Updates

News Update

25

Apr 2024

Apr 25, 2024 • 5 min read

FFBL Posts Rs. 7.6 Billion Profit in Q1 2024

Fauji Fertilizer Bin Qasim Limited (PSX: FFBL) has announced its financial results for the three months that ended on Ma...

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News Update

25

Apr 2024

Apr 25, 2024 • 5 min read

Govt Planning to Drastically Reduce Solar Net Metering Buyback Rates

The government is considering reducing buyback rates for net metering electricity, potentially lowering them from the cu...

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News Update

25

Apr 2024

Apr 25, 2024 • 5 min read

CCP Warns Public Against Misleading Pyramid Schemes Adverts Offering High Returns

The Competition Commission of Pakistan (CCP) has warned that some businesses and individuals are making false and mislea...

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News Update

25

Apr 2024

Apr 25, 2024 • 5 min read

SECP Proposes Amendments to General Takaful Accounting Regulations (2019)

The Securities and Exchange Commission of Pakistan has proposed amendments to the General Takaful Accounting Regulations...

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News Update

25

Apr 2024

Apr 25, 2024 • 5 min read

3G/4G Users in Pakistan Increase By 610,000 in March 2024

The number of cellular subscribers increased from 191.46 million by end February to 192.07 million by end March 2024, th...

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News Update

25

Apr 2024

Apr 25, 2024 • 5 min read

Pakistan to Face More Floods, Extreme Weather Events Due to Climate Change

The Asian Development Bank (ADB) has warned that climate change is expected to increase the frequency and magnitude of f...

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News Update

25

Apr 2024

Apr 25, 2024 • 5 min read

Pakistan Blocking Almost $400 Million of Airline Revenues, Says IATA

The International Air Transport Association (IATA) Thursday called on Pakistan to immediately release airline revenues t...

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News Update

25

Apr 2024

Apr 25, 2024 • 5 min read

Rupee Drowns 4th Day in a Row Against US Dollar Despite Iran Trade Deal

The Pakistani rupee drowned 4th day in a row against the US Dollar after opening trade at 279 in the interbank market. I...

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News Update

25

Apr 2024

Apr 25, 2024 • 5 min read

FPCCI President Urges Govt to Facilitate Exporters

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh has welcomed Prime Mini...

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News Update

25

Apr 2024

Apr 25, 2024 • 5 min read

Roshan Digital Account Inflows Hit 19-Month High in March 2024

Foreign exchange inflows through the Roshan Digital Accounts (RDAs) arrived at $182 million in March 2024, compared to $...

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News Update

25

Apr 2024

Apr 25, 2024 • 5 min read

Finance Minister Meets with Team of APM Terminals to Discuss Operations in Pakistan

Federal Minister for Finance and Revenue Muhammad Aurangzeb held a meeting with Keith Svendsen, CEO of APM Terminals acc...

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News Update

25

Apr 2024

Apr 25, 2024 • 5 min read

Govt Likely to Decrease Petrol, Diesel Prices Next Week

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

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

MCB Bank to Convert 39 Branches Into Islamic Banking Entities

MCB Bank Limited (PSX: MCB) has approved the Scheme of Compromises, Arrangements and Reconstruction for converting 39 br...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

Rupee Crashes Against Australian Dollar, British Pound

The Pakistani rupee fell third day in a row against the US Dollar after opening trade at 278 in the interbank market. It...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

SECP Appoints New Special Public Prosecutors

After suspension of a top Federal Board of Revenue (FBR) official for not pursing cases in high courts, the Securities a...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

IMF Board Likely to Approve $1.1 Billion Loan for Pakistan on April 29

The International Monetary Fund’s (IMF) executive board is set to meet on April 29 to discuss the approval of a $1.1 bil...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

Pakistan Wants $3.5 Billion Loan From Saudi Arabia for Diamer Bhasha Dam

Pakistan has formally requested $3.5 billion funds from Saudi Arabia for the Diamer-Bhasha Dam. Saudis will respond to t...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

Here’s How To Pay Your IESCO Bill Online Starting April 2024

Islamabad Electric Supply Company (IESCO) is facing disruption in its online bill payment system, hence payments through...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

MCB Posts Profit After Tax of Rs. 16.6 Billion for Q1-2024

The Board of Directors of MCB Bank Limited (MCB) in its meeting under the Chairmanship of Mian Mohammad Mansha, on April...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

FBR to Disallow Input Tax Adjustment to 1,680 Unregistered Retailers

The Federal Board of Revenue (FBR) will disallow input tax adjustment of 1,680 Tier-1 retailers in case they fail to int...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

EduFi Gets NBFC License to Offer Easy Loans to Students

In a momentous development, EduFi Financial Services Private Limited, a pioneering education lending FinTech company, ha...

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