News & Updates

News Update

23

Apr 2024

Apr 23, 2024 • 5 min read

CCP Conditionally Approves Technology Transfer Agreement Between SSGCL, Itron Related to Gas Meters

The Competition Commission of Pakistan (CCP) has granted a time bound approval to the exemption application for the tech...

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News Update

23

Apr 2024

Apr 23, 2024 • 5 min read

GSK Rejects Sub-Standard Drug Charges By Rawalpindi Court

GlaxoSmithKline Pakistan Limited (PSX: GLAXO) has denied charges brought forth by the Drug Court Rawalpindi against some...

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News Update

23

Apr 2024

Apr 23, 2024 • 5 min read

Here’s Why Petrol Pumps Could Shut Down Across Pakistan Soon

Petrol pumps may get closed across Pakistan soon as refineries struggle to cope with declining fuel sales and an abundan...

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News Update

23

Apr 2024

Apr 23, 2024 • 5 min read

US Threatens Pakistan Against Business Agreements With Iran

US Department of State Spokesperson Mathew Miller has warned of potential sanctions against countries who do business wi...

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News Update

23

Apr 2024

Apr 23, 2024 • 5 min read

PSX Issues Notice to 4 Listed Firms On Unusual Share Price Movement

The Pakistan Stock Exchange (PSX) on Monday issued notices to four listed companies to explain the unusual movement in t...

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News Update

23

Apr 2024

Apr 23, 2024 • 5 min read

Cabinet Approves Audit Exemption Certificates for Secret Expenditure of Spy Agency

The federal cabinet has reportedly approved allowing audit exemption certificates for secret service expenditure of the...

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News Update

23

Apr 2024

Apr 23, 2024 • 5 min read

Gold Price in Pakistan Plummets Over Reduced Geopolitical Risks

The price of gold in Pakistan fell by almost Rs. 8,000 per tola on Tuesday as easing concerns of an escalation in the Mi...

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News Update

23

Apr 2024

Apr 23, 2024 • 5 min read

Fatima Fertilizers Announces Big Increase in Urea Prices

Fatima Fertilizer Company Limited (PSX: FATIMA) has increased urea prices by Rs. 551 per bag. Our channel checks have co...

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News Update

23

Apr 2024

Apr 23, 2024 • 5 min read

Rupee in Red 2nd Consecutive Day Against US Dollar, Other Currencies

The Pakistani rupee fell slightly against the US Dollar after opening trade at 278 in the interbank market. It was large...

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News Update

23

Apr 2024

Apr 23, 2024 • 5 min read

OGRA Announces Increase in RLNG Prices for April 2024

The Oil and Gas Regulatory Authority (OGRA) Tuesday notified prices of re-gasified liquefied natural gas (RLNG) for both...

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News Update

23

Apr 2024

Apr 23, 2024 • 5 min read

Chinese Power Giant Again Withdraws Offer to Acquire Majority Stake in K-Electric

China’s Shanghai Electric Power Company has withdrawn its public announcement of intention (PAI) for acquiring up to 66....

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News Update

23

Apr 2024

Apr 23, 2024 • 5 min read

PM Shehbaz Suspends High-Ranking FBR Official For Delaying Tax Cases

Prime Minister Muhammad Shahbaz Sharif has suspended Chief Commissioner Inland Revenue (Islamabad) and all associated of...

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News Update

23

Apr 2024

Apr 23, 2024 • 5 min read

IMF Unhappy With Lavish Bonuses Given to PM Office Employees

The International Monetary Fund (IMF) isn’t happy with the federal government’s decision to give bonuses to employees of...

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News Update

23

Apr 2024

Apr 23, 2024 • 5 min read

HBL Posts Rs. 15 Billion Profit After Tax in Q1 2024

HBL today declared a consolidated profit before tax of Rs. 30.1 billion for the quarter ended March 31, 2024, 40 percent...

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News Update

23

Apr 2024

Apr 23, 2024 • 5 min read

Finance Minister Expects IMF Staff Level Agreement in June-July

Finance Minister Muhammad Aurangzeb expects to reach a Staff-Level Agreement on a bigger loan program with the Internati...

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News Update

23

Apr 2024

Apr 23, 2024 • 5 min read

Government and Gaming: IT Minister Shaza Fatima Khawaja’s Visit to Mindstorm Studios

In a landmark visit to Mindstorm Studios, Lahore’s premier game development studio, the Honourable IT Minister Sheza Kha...

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News Update

23

Apr 2024

Apr 23, 2024 • 5 min read

Pakistan Highly Vulnerable to Impacts of Climate Change, Warns World Bank

The World Bank has warned that Pakistan is highly vulnerable to the impacts of climate change, with extreme events frequ...

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News Update

23

Apr 2024

Apr 23, 2024 • 5 min read

Govt to Establish Dedicated Business Portal as Part of Digital Economy Enhancement Program

The government of Pakistan is gearing up to launch a groundbreaking initiative aimed at modernizing regulatory framework...

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News Update

23

Apr 2024

Apr 23, 2024 • 5 min read

Fauji Cement Posts Rs. 7 Billion Profit in 9 Months of FY24

Fauji Cement Company Limited (PSX: FCCL) has announced its financial results for the nine months that ended on March 31,...

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News Update

23

Apr 2024

Apr 23, 2024 • 5 min read

PSX Marks Listing of Mahaana Islamic Index ETF

Pakistan Stock Exchange (PSX) held a gong ceremony to formally mark the listing of the Mahaana Islamic Index Exchange Tr...

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News Update

23

Apr 2024

Apr 23, 2024 • 5 min read

More Than Half of Pakistan Has No Internet Access: UNDP

Around 54.3 percent of the country does not have access to the Internet because of inadequate digital infrastructure and...

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