News & Updates

News Update

23

Apr 2024

Apr 23, 2024 • 5 min read

Finance Minister Assures to Resolve Issues Faced by Traders

Finance Minister Muhammad Aurangzeb held a meeting with Naeem Mir, Chairman Supreme Council, All Pakistan Anjuman-e-Tajr...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

Foreign Direct Investment Hits 21-Month High in March 2024

The Foreign Direct Investment (FDI) in the country rose to $258 million in March 2024, up 52 percent over the FDI of $17...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

Attock Refinery Shuts Down Main Plant

Attock Refinery Limited (PSX: ATRL) has shut down its main crude distillation unit with immediate effect, the company in...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

Pakistan Achieves Highest-Ever Monthly IT Exports In March 2024

IT and IT-enabled Services (ITeS) export remittances comprising computer services and call center services increased by...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

Pakistan Remains ‘Missing’ from IMF’s Executive Board Meeting Agenda

Pakistan is not yet on the agenda of the International Monetary Fund’s (IMF) executive board meetings scheduled until Ma...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

SECP Makes Changes to Financial Statement Requirements for Modaraba Firms

The Securities and Exchange Commission of Pakistan (SECP) has imposed some restrictions on the modaraba companies for th...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

Pak Rupee Begins Big Week With Losses Against US Dollar

The Pakistani rupee reversed Friday’s gains against the US Dollar after opening trade at 278 in the interbank market. It...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

Gold Price in Pakistan Falls as Middle East Tensions Ease

The price of gold in Pakistan fell by Rs. 3,500 per tola on Monday as geopolitical tensions in the Middle East eased. Ac...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

Pakistan Posts Highest Current Account Surplus in 9 Years in March 2024

Pakistan’s current account balance posted a surplus of $619 million in March 2024, according to data released by the Sta...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

Mari Petroleum Discovers More Oil in Sindh

Mari Petroleum Company Limited (PSX: MARI) has made an oil discovery resulting from its exploratory efforts at Shawal-l...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

UBL Partners with Euronet Pakistan for Cards Processing & Acquiring

Euronet Pakistan, a division of Euronet Worldwide (NASDAQ: EEFT) and an industry leader in processing secure electronic...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

FTO Directs FBR to Act Against Exporters Over Fake Export GDs

The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to take action against exporters, who ar...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

Pakistan’s Next Big Mistake: Selling Reko Diq Stake to Saudi Arabia

Pakistan wants to sell a big chunk of its 25 percent stake in the Reko Diq mine in exchange for $1 billion cash. Saudis...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

Engro Polymer Posts Massive Loss in Q1 2024

Engro Polymer & Chemicals Limited (PSX: EPCL) announced its 1QCY24 financial result today where the company posted a los...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

RDA Sends Notices to 2 Illegal Housing Society in Rawalpindi

The Rawalpindi Development Authority (RDA) has taken swift action against two illegal housing schemes operating in mouza...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

PSX Collaborates With London Stock Exchange Group on ESG

In a landmark development, the Pakistan Stock Exchange (PSX) has signed a collaborative understanding with LSEG (London...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

FBR Eases Filing Requirement For Those Already Registered With Sales Tax Department

The Federal Board of Revenue has eased the requirement of filing balance sheets of assets and liabilities for individual...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

Pakistan, Iran to Sign Multiple MoUs to Enhance Cooperation

The Federal Cabinet has approved multiple Memorandums of Understanding (MoUs) for enhancing cooperation with Iran, parti...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

CCP Approves Singaporean Company’s Share Acquisition in Pakistani Food Company

The Competition Commission of Pakistan (CCP) has granted approval to the share acquisition of a Pakistani food company b...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

Punjab Announces Free Solar System for 50,000 Households

Chief Minister Punjab Maryam Safdar has announced free solar systems for 50,000 households in a bid to promote renewable...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

SECP Officially Registers Bank of Punjab’s Exchange Company

The Securities and Exchange Commission of Pakistan (SECP) has officially registered The Bank of Punjab’s (PSX: BOP) exch...

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