News & Updates

News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

Pakistan’s Real Effective Exchange Rate Hits 3-Year High of 104.07 in March 2024

Pakistan’s Real Effective Exchange Rate (REER) increased by 1.97 percentage points to 104.07 in March 2024, according to...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

FBR Seizes Counterfeit Cigarettes Worth Rs. 96 Million

The Federal Board of Revenue (FBR) has seized 1,235 packerites of cigarettes having an approximate value of Rs. 96 milli...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

Aurangzeb Confident PKR is Now Stable and New IMF Program Very Near

Finance Minister Muhammad Aurangzeb is confident that the Pakistani Rupee (PKR) is now stable and the government is on t...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

Pakistan, Iran Agree to Take Bilateral Trade Volume to $10 Billion

Pakistan and Iran have decided to increase the trade volume between the two countries to $10 billion, Iranian President...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

FBR Starts Nationwide Crackdown Against Illegal Cigarettes, Sugar, and Fertilizer Bags

The Regional Tax offices of the Federal Board of Revenue, on the directions of the member Inland Revenue Operations, hav...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

World Bank to Provide $270 Million Additional Financing for CRISP Program

The World Bank will provide additional financing of $270 million for the Crisis-Resilient Social Protection (CRISP) prog...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

PSX Closes Above 71,400 For First Time in History

The Pakistan Stock Exchange (PSX) rallied to a new all-time high on Monday, surpassing its previous high of 70,909 seen...

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News Update

22

Apr 2024

Apr 22, 2024 • 5 min read

Ansher Capital and KTrade Securities Partner to Boost Investment in Central and South Asia

Ansher Capital, the premier investment bank of Uzbekistan, and KTrade Securities, a leading entity in Pakistan’s capital...

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News Update

20

Apr 2024

Apr 20, 2024 • 5 min read

CDA Ends Ban on Property Transfer in Islamabad

Following Islamabad High Court’s (IHC) directive, the Capital Development Authority has reversed the ban on property tra...

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News Update

19

Apr 2024

Apr 19, 2024 • 5 min read

Pakistan’s Imports from Ukraine Surge by Over 3500% in March 2024

Pakistan’s imports from Ukraine have surged by over 3500 percent in March 2024 despite the latter’s ongoing conflict wit...

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News Update

19

Apr 2024

Apr 19, 2024 • 5 min read

foodpanda and CIRCLE Join Forces to Empower Women Entrepreneurs

foodpanda, Pakistan’s leading delivery platform, is excited to announce its strategic partnership with CIRCLE, a tech or...

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News Update

19

Apr 2024

Apr 19, 2024 • 5 min read

IMF Vows Support For Pakistan After Aurangzeb’s Meeting With Donald Lu

The International Monetary Fund (IMF) has reiterated support for Pakistan, just a few hours after Finance Minister Muham...

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News Update

19

Apr 2024

Apr 19, 2024 • 5 min read

Weekly Inflation Remains Just Shy of 30%

Annual short-term inflation for the current week ended on April 18, 2024, stood at 28.54 percent, according to the lates...

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News Update

19

Apr 2024

Apr 19, 2024 • 5 min read

Bank Financing For Cars Declines 21 Months in a Row

Car financing continued to fall 21 months in a row in the calendar year 2024, down 24.4 percent YoY to Rs. 239 billion b...

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News Update

19

Apr 2024

Apr 19, 2024 • 5 min read

State Bank Reserves Stay Above $8 Billion Despite $1 Billion Bond Repayment

The foreign exchange reserves held by the central bank increased by $14.4 million on a weekly basis, according to data r...

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News Update

19

Apr 2024

Apr 19, 2024 • 5 min read

Aurangzeb to Request IMF Managing Director New Loan Program Today

Finance Minister Mohammad Aurangzeb will meet the Managing Director International Monetary Fund (IMF) Kristelina Georgie...

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News Update

19

Apr 2024

Apr 19, 2024 • 5 min read

Saudi Arabia Edges Closer to Invest $1 Billion in Reko Diq

Saudi Arabia is edging closer to investing $1 billion in the Reko Diq gold and copper mine in Pakistan, Bloomberg report...

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News Update

19

Apr 2024

Apr 19, 2024 • 5 min read

PM Shehbaz and Airlink CEO Muzzaffar Hayat Piracha, Project $10 Billion Mobile Export Potential

Mr. Muzzaffar Hayat Piracha, CEO of Airlink Communication Limited, held a one-on-one meeting with the Prime Minister of...

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News Update

19

Apr 2024

Apr 19, 2024 • 5 min read

Pakistan Can Become A $3 Trillion Economy By 2047, Says World Bank

Federal Minister for Finance and Revenue Muhammad Aurangzeb attended the “Roundtable on Implementing for Faster Results...

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News Update

19

Apr 2024

Apr 19, 2024 • 5 min read

KuCoin Q1 2024 Growth Soars: Spot Trading Up 121.85%, MENA Surges 263.91%

In the first quarter of 2024, KuCoin, a leading global cryptocurrency exchange, reported significant growth across multi...

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News Update

19

Apr 2024

Apr 19, 2024 • 5 min read

Toxic Relationships: Pakistan, IMF Should Opt For An Exit Program And Move On

Finance Minister Muhammad Aurangzeb’s current negotiations with the International Monetary Fund (IMF) have evoked mixed...

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