News & Updates

News Update

16

Apr 2024

Apr 16, 2024 • 5 min read

Bank Alfalah Makes Bid to Acquire Majority Shares of Samba Bank

Bank Alfalah Limited (PSX: BAFL) through its manager to the offer has made a public announcement of intention to buy an...

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News Update

16

Apr 2024

Apr 16, 2024 • 5 min read

Microsoft to Invest $1.5 Billion in Abu Dhabi AI Firm G42

Abu Dhabi artificial intelligence and cloud company G42 has received an investment of $1.5 billion from Microsoft, the A...

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News Update

16

Apr 2024

Apr 16, 2024 • 5 min read

LSM Sector Contracts 0.5% in 8 Months of FY24

The overall Large-Scale Manufacturing (LSM) sector has shown a growth of -0.51 percent during the first eight months (Ju...

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News Update

16

Apr 2024

Apr 16, 2024 • 5 min read

PTA Goes Solar Nationwide To Cut Electricity Bills

The Pakistan Telecommunication Authority (PTA) is making a big leap towards sustainability with a nationwide solar power...

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News Update

16

Apr 2024

Apr 16, 2024 • 5 min read

Scientists Develop Solar Cell Having World Record Efficiency

Scientists from the National University of Singapore have unveiled a groundbreaking achievement in solar cell technology...

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News Update

16

Apr 2024

Apr 16, 2024 • 5 min read

Industries Minister Directs to Ensure Urea, DAP Availability For Farmers in Kharif Season

A review meeting of the Fertilizer Review Committee was held under the chairmanship of Rana Tanveer Hussain Federal Mini...

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News Update

16

Apr 2024

Apr 16, 2024 • 5 min read

Production of Petroleum Products up 4% in 8 Months of FY24

The petroleum products production witnessed an increase of 3.82 percent during July-February 2023-24 as its indices went...

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News Update

16

Apr 2024

Apr 16, 2024 • 5 min read

Wheat Prices in Punjab Crash As Govt Stalls Procurement

Wheat prices crash in Punjab as farmers are forced to sell below the government’s minimum support price of Rs. 3,900 per...

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News Update

16

Apr 2024

Apr 16, 2024 • 5 min read

Pakistan Seeks Minimum 3-Year Long Loan Program From IMF: Aurangzeb

Pakistan will request at least a three-year-long program from the International Monetary Fund (IMF) to implement essenti...

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News Update

16

Apr 2024

Apr 16, 2024 • 5 min read

CCP Recommends Mandatory Disclosure of Manufacturing and Expiry Dates on Cement Packaging

The Competition Commission of Pakistan (CCP) has issued a Policy Note under Section 29 of the Competition Act, 2010 to t...

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News Update

16

Apr 2024

Apr 16, 2024 • 5 min read

World Bank Warns Pakistan’s Financing Needs Exceed 10% of GDP Amidst Growing Fiscal Pressure

The World Bank has stated that Pakistan now faces financing needs surpassing 10 percent of Gross Domestic Product (GDP),...

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News Update

16

Apr 2024

Apr 16, 2024 • 5 min read

Engro Polymer & Chemicals Empowers Women in a Groundbreaking Forklift Training Program

Engro Polymer & Chemicals (EPCL), a subsidiary of Engro Corporation, along with Engro Foundation partnered with Descon T...

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News Update

16

Apr 2024

Apr 16, 2024 • 5 min read

Attock Cement Completes Installation of New Plant in Hub

Attock Cement Pakistan Limited (PSX: ACPL) has completed the construction of its new plant capable of producing 1.275 mi...

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News Update

16

Apr 2024

Apr 16, 2024 • 5 min read

Gold Price in Pakistan Nears Rs. 250,000 Per Tola After Another Increase

Gold price in Pakistan continued its upward surge on Tuesday, gaining Rs. 2,400 per tola to near the Rs. 250,000 mark. A...

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News Update

16

Apr 2024

Apr 16, 2024 • 5 min read

Pakistan’s Imports from India Jump 48% in March 2024

Pakistan’s imports from India jumped to $278 million in March 2024, up by 48 percent on a year-on-year (YoY) basis compa...

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News Update

16

Apr 2024

Apr 16, 2024 • 5 min read

PKR Falls Second Day in a Row Against US Dollar

The Pakistani rupee fell second day in a row against the US Dollar after opening trade at 278 in the interbank market. I...

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News Update

16

Apr 2024

Apr 16, 2024 • 5 min read

PM Shehbaz Okays Summary to End 65-Year Age Limit for Appointments At Federal Ministries

Prime Minister Shehbaz Sharif has approved a summary to remove the 65-year age limit for appointments at federal ministr...

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News Update

16

Apr 2024

Apr 16, 2024 • 5 min read

Most Pakistanis See Near-Term Rupee Recovery A Disaster

Most Pakistanis see any near-term big gains for the Pakistani Rupee (PKR) against the US Dollar as a disaster and would...

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News Update

16

Apr 2024

Apr 16, 2024 • 5 min read

IMF Projects Pakistan’s Economy to Grow by 3.5% in FY25

The International Monetary Fund (IMF) has projected GDP growth rate for Pakistan at 2 percent for the current fiscal yea...

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News Update

16

Apr 2024

Apr 16, 2024 • 5 min read

Nearly Half USC Zones Across Pakistan Fall Short of Sales Target During Ramadan

Sales figures from Utility Stores Corporation’s Ramadan Relief Package indicate mixed results across different zones. Ou...

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News Update

15

Apr 2024

Apr 15, 2024 • 5 min read

Motorway Police Fines Nearly 7,000 Transporters for Overcharging During Eid

The National Highways and Motorway Police (NH&MP) took stern action against the complaints of overcharging by the transp...

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