News & Updates

News Update

19

Apr 2024

Apr 19, 2024 • 5 min read

7 IT Companies Eye Pakistan Stock Exchange’s GEM Board Listing

Pakistan’s Information Technology and Telecommunication sector (IT/ITeS) is set for a significant boost as 7 companies h...

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News Update

19

Apr 2024

Apr 19, 2024 • 5 min read

FTO Directs Customs to Deposit Gold, Cash in SBP or National Bank For Safe Keeping

Federal Tax Ombudsman (FTO) has directed the customs authorities to deposit all the valuable articles including gold/cas...

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News Update

19

Apr 2024

Apr 19, 2024 • 5 min read

Govt in a Hurry to Allow Pump Owners to Set Their Own Petrol Prices

The government is moving quickly to deregulate the prices of petroleum products to address concerns about rising fuel pr...

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News Update

19

Apr 2024

Apr 19, 2024 • 5 min read

PSO and Pakistan Railways Inaugurate Fuel Management System

Pakistan State Oil (PSO) and Pakistan Railways (PR) Friday inaugurated two Upgraded Railways Filling and Storage Facilit...

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News Update

19

Apr 2024

Apr 19, 2024 • 5 min read

Utility Stores to Purchase 45,000 Metric Tons Sugar to Avert Shortage

The Utility Stores Corporation (USC) has decided to procure 45,000 metric tons of sugar to avert potential sugar shortag...

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News Update

19

Apr 2024

Apr 19, 2024 • 5 min read

Gold Price in Pakistan Extends Weekly Gains After Another Increase

The price of gold in Pakistan posted an increase of Rs. 500 per tola on Friday and further extended gains during the cur...

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News Update

19

Apr 2024

Apr 19, 2024 • 5 min read

Analysts Split on Whether Central Bank Will Cut Rates or Maintain Status Quo

Participants of a survey conducted by a brokerage house are split on whether the State Bank of Pakistan (SBP) will cut r...

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News Update

19

Apr 2024

Apr 19, 2024 • 5 min read

DG Khan Cement Posts Nine-Month Profit of Rs. 2.2 Billion

D.G. Khan Cement Company Limited (DGKC) announced its financial result for 9MFY24 today, posting a profit after tax (PAT...

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News Update

19

Apr 2024

Apr 19, 2024 • 5 min read

Cabinet Set to Approve Transfer of DG CAA Khaqan Murtaza

The federal cabinet is likely to approve the transfer of Flt Lt (retd) Khaqan Murtaza from the Director General Civil Av...

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News Update

19

Apr 2024

Apr 19, 2024 • 5 min read

Rupee Ends Week With Gains Against US Dollar After Saudi News

The Pakistani rupee reversed its 4-day losing streak against the US Dollar after opening trade at 279 in the interbank m...

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News Update

18

Apr 2024

Apr 18, 2024 • 5 min read

Power Generation Down 8.2% Despite Monthly Lower Fuel Costs

Power generation in the country went down by 8.2 percent YoY to 8,023 gigawatts per hour (GWh) in March 2024, and down 1...

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News Update

18

Apr 2024

Apr 18, 2024 • 5 min read

Govt Seeks Rs. 2.94 Per Unit Tariff Increase In May Bills

The government is seeking approval from the National Electric Power Regulatory Authority (NEPRA) to impose an additional...

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News Update

18

Apr 2024

Apr 18, 2024 • 5 min read

Gold Price in Pakistan Remains Near Record High Despite Slight Decrease

The price of gold in Pakistan fell by Rs. 1,700 per tola on Thursday but remained near record high level. According to d...

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News Update

18

Apr 2024

Apr 18, 2024 • 5 min read

FBR Issues List of Focal Persons for POS Integration

The Federal Board of Revenue (FBR) has issued a list of 25 focal persons in the field formations for better coordination...

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News Update

18

Apr 2024

Apr 18, 2024 • 5 min read

Mobi Direct Withdraws Payment Gateway License From SBP

Mobi Direct has withdrawn its license from the State Bank of Pakistan for setting up an E-commerce Payment Gateway. The...

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News Update

18

Apr 2024

Apr 18, 2024 • 5 min read

Telenor Microfinance Bank Announces PKR 1.2 Billion Pre-Tax Profit for Financial Year 2023

Telenor Microfinance Bank (TMB), operator of Pakistan’s leading digital financial services platform easypaisa, announced...

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News Update

18

Apr 2024

Apr 18, 2024 • 5 min read

FBR Upward Revises Value of Supply of CNG to Consumers

The Federal Board of Revenue (FBR) has upward revised the value of the supply of compressed natural gas (CNG) to CNG con...

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News Update

18

Apr 2024

Apr 18, 2024 • 5 min read

PTCL Posts 13% Profit Growth in First Quarter of 2024

Pakistan Telecommunication Company Limited (PTCL), the leading telecom and ICT services provider in the country, has ann...

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News Update

18

Apr 2024

Apr 18, 2024 • 5 min read

Govt Extends Subsidy On 5 Essential Items At Utility Stores

The federal government has decided to extend relief on five critical commodities at utility stores following the end of...

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News Update

18

Apr 2024

Apr 18, 2024 • 5 min read

SECP Exposes Rs. 5 Billion Insider-Trading Scandal At State Life Insurance

The SECP has filed a criminal complaint against two individuals who were found involved in front-running equity trading...

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News Update

18

Apr 2024

Apr 18, 2024 • 5 min read

Finance Minister Aurangzeb Meets Donald Lu to Discuss Pak-US Economic Cooperation

Finance Minister Muhammad Aurangzeb met Donald Lu, Assistant Secretary and Elizabeth Horst, Principal Deputy Assistant S...

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