News & Updates

News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

RTO Peshawar Seizes Non-Duty Paid Cigarettes Worth Rs. 162 Million

Regional Tax Office, Peshawar, has made the biggest seizure of non-duty/non-TTS Cigarettes in history when its Inland Re...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

Standard Chartered Pakistan Explains Reason Behind Recent Increase in Share Price

Standard Chartered Bank (Pakistan) Limited (PSX: SCBPL) has attributed the recent “unusual movement” in its share price...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

PSX Approves Voluntary Delisting of Pak Suzuki

The Pakistan Stock Exchange (PSX) has accepted the request for Voluntary Delisting of Pak Suzuki Motor Company Limited....

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

Pakistan Just Got $6.9 Billion in Foreign Loans During Tough 9 Months of FY24

The country borrowed just $6.899 billion from multiple financing sources during the first nine months (July-March) of th...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

Bank Alfalah Reports Strong Quarter with Rs. 9.912 Billion Profit

The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on April 24, 2024, approved the Bank’s financ...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

Pakistan, Iran Agree to Expeditiously Finalize Free Trade Agreement

Pakistan and Iran have agreed to expeditiously finalize the Free Trade Agreement (FTA), a joint statement said on Wednes...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

Gold Price in Pakistan Rises Slightly After Massive Decline in Previous Two Days

The price of gold in Pakistan rose slightly on Wednesday after losing over Rs. 11,000 per tola in the previous two days....

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

International Reporting Standards Critical to Modernizing Insurance Industry: SECP Commissioner

Aamir Khan, Commissioner Insurance at SECP stated that the adoption of international reporting standards for modernizing...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

Lucky Core Industries’ Profit Declines By 64% in 9 Months of FY24

Lucky Core Industries Limited announced its 9MFY24 financial result today where the company posted a profit after tax (P...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

Businessmen Urge Prime Minister to Reduce Electricity, Gas Tariffs

A delegation of businessmen on Wednesday requested Prime Minister Shehbaz Sharif to cut electricity and gas tariffs to e...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

Allied Bank Posts 51% Profit Growth in First 3 Months of 2024

Allied Bank Limited (PSX: ABL) announced earnings (PAT) today for 1QCY24 at Rs. 11.6 billion, depicting an increase of 5...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

Minister of Industries Vows to Increase Livestock Exports From Pakistan

Federal Minister of Industries and Production and National Food Security Rana Tanveer Hussain has said the government is...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

Govt Requests World Bank to Restructure $400 Million Education Project

The government has requested the World Bank for restructuring of Higher Education Development in Pakistan (HEDP) project...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

Experts Demand IMF to Ensure Relief for Growth in Pakistan

Experts at a high-level policy forum on Wednesday demanded of the International Monetary Fund (IMF) and other global fin...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

PSX Breaks All Records to Close Above 72,000 As Momentum Continues

The Pakistan Stock Exchange (PSX) rose to a new all-time high on Wednesday, surpassing its previous high of 71,500 seen...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

Customs Intelligence Detects Fraudulent Import of Artificial Leather Worth Rs. 220 Million

The Directorate of Customs Intelligence, Karachi has detected a fraudulent import of artificial leather worth Rs. 220 mi...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

Traders Threaten Protests Against FBR’s New Tajir Dost Registration Scheme

The All Pakistan Traders Association has threatened protests if traders’ concerns aren’t addressed by the government, wi...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

NEPRA Approves KE’s 7-Year Investment Roadmap

The National Electric Power Regulatory Authority (NEPRA) has given decision on the utility’s Transmission & Distribution...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

Bad Loans Rise Sharply Over Rs. 1 Trillion in 2023

Non-performing loans (NPLs) disbursed by the banking industry surged by more than Rs. 70 billion in 2023, the latest dat...

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News Update

24

Apr 2024

Apr 24, 2024 • 5 min read

FIA Takes Action Against CDA Officials Involved in Scam Worth Millions

The Federal Investigation Agency’s (FIA) sources have revealed that the agency has taken action against a group involvin...

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News Update

23

Apr 2024

Apr 23, 2024 • 5 min read

Pakistan’s Imports from Iran Surge 25% in March

Pakistan’s imports from Iran stood at $95.6 million in March 2024, up 25 percent on a year-on-year basis compared to imp...

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