News & Updates

News Update

02

Apr 2024

Apr 02, 2024 • 5 min read

Petroleum Sales Drop By 11% in Nine Months of FY24

The total sale of petroleum products during the first nine months of FY24 reduced by 11 percent YoY to 11.34 million ton...

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News Update

02

Apr 2024

Apr 02, 2024 • 5 min read

Bank Makramah Chairman of the Board of Directors Apprises Shareholders of BML’s Vision to Excel in Islamic Banking

Bank Makramah Limited (BML) held its 18th Annual General Meeting (AGM) of the shareholders, headed by Mr. Abdulla Nasser...

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News Update

02

Apr 2024

Apr 02, 2024 • 5 min read

PSX to Remain Closed on Friday This Week

The Pakistan Stock Exchange Limited (PSX) announced on Tuesday that it will remain closed on Friday on account of Juma-t...

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News Update

02

Apr 2024

Apr 02, 2024 • 5 min read

Karachi Traders to Meet Tomorrow to Discuss FBR’s New Tajir Dost Registration Scheme

Karachi traders have called a meeting on April 3 (Wednesday) to discuss the new Tajir Dost registration scheme of the Fe...

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News Update

02

Apr 2024

Apr 02, 2024 • 5 min read

CCP Issues Show Cause Notices to 6 Fertilizer Firms Over Urea Price Fixing

The Competition Commission of Pakistan (CCP) has issued Show Cause Notices to the Fertilizer Manufacturers of Pakistan A...

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News Update

02

Apr 2024

Apr 02, 2024 • 5 min read

Pak Rupee Jumps 10th Day in a Row Against US Dollar, Other Currencies

The Pakistani rupee rose higher 10th day in a row against the US Dollar after opening trade at 278 in the interbank mark...

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News Update

02

Apr 2024

Apr 02, 2024 • 5 min read

FPCCI President Urges CDA to Withdraw Increase in Property Taxes

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh has said that the increase...

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News Update

02

Apr 2024

Apr 02, 2024 • 5 min read

Pakistan’s Textile Exports At Lowest Level in 11 Months

Pakistan’s textile exports increased by 3.2 percent year-on-year (YoY) in March 2024 and stood at $1.3 billion compared...

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News Update

02

Apr 2024

Apr 02, 2024 • 5 min read

World Bank Predicts Pakistan’s GDP Growth Rate Below 3% In Next 3 Years

Pakistan’s economy is expected to grow by only 1.8 percent in the current fiscal year ending June 2024, while no poverty...

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News Update

02

Apr 2024

Apr 02, 2024 • 5 min read

MCB Bank & Euronet Pakistan Join Forces to Augment Future Customer Experience

MCB Bank has entered into a strategic partnership with Euronet Pakistan, a division of Euronet Worldwide (NASDAQ: EEFT)...

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News Update

02

Apr 2024

Apr 02, 2024 • 5 min read

Cement Sales Increase by 4% During March

Cement sales in Pakistan increased by 3.85 percent in March 2024 on a year-on-year basis, according to data released by...

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News Update

02

Apr 2024

Apr 02, 2024 • 5 min read

Motorway Police and Customs Ink Agreement to Curb Smuggling on National Highways, Motorways

National Highways and Motorway Police and Pakistan Customs jointly signed a memorandum of understanding to develop proce...

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News Update

02

Apr 2024

Apr 02, 2024 • 5 min read

Govt Set to Launch Pakistan Honor Card Scheme for Top Taxpayers

The federal government is set to announce the Pakistan Honor Card Scheme for the top taxpayers including exporters to gr...

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News Update

02

Apr 2024

Apr 02, 2024 • 5 min read

T-Bills Witness Highest US Dollar Inflows after Gap of 4 Years

With the high local interest rates and stable Pakistani rupee, foreign investors are investing in local T-Bills through...

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News Update

02

Apr 2024

Apr 02, 2024 • 5 min read

Pakistan to Get Costly $500 Million Loan From ADB

The federal government has decided to get a $500 million loan from the Asian Development Bank (ADB). The Central Develop...

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News Update

02

Apr 2024

Apr 02, 2024 • 5 min read

Agritech Ltd Converts Preference Shares into Ordinary On Bank Alfalah’s Request

Agritech Limited (PSX: AGL) has complied with a request made by Bank Alfalah Limited (PSX: BAFL) for conversion of its p...

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News Update

02

Apr 2024

Apr 02, 2024 • 5 min read

Current President EXIM Bank Failed SBP Assessment After His Appointment

A discrepancy in the credentials of the incumbent CEO/President Export-Import Bank (EXIM bank) has emerged. Sources told...

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News Update

01

Apr 2024

Apr 01, 2024 • 5 min read

Saif Energy Ltd Announces New Hydrocarbon Discovery in Kohat Block

In a significant development for Pakistan’s energy sector, Saif Energy Ltd, in partnership with Oil & Gas Development Co...

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News Update

01

Apr 2024

Apr 01, 2024 • 5 min read

Bad News: Only Inflation is Driving FBR Tax Revenue

The Federal Board of Revenue (FBR) has shown commendable performance by collecting Rs. 6,710 billion in nine months of f...

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News Update

01

Apr 2024

Apr 01, 2024 • 5 min read

Pakistan Will Struggle to Achieve Its Financial Targets This Year: IIF

Washington-based Institute of International Finance (IIF) sees Pakistan struggling to achieve its financial targets this...

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News Update

01

Apr 2024

Apr 01, 2024 • 5 min read

Karandaaz Pakistan and the Bank of Punjab Join Forces to Digitize Agriculture Lending

The Bank of Punjab (BOP) and Karandaaz Pakistan join forces in a strategic alliance aimed at revolutionizing Pakistan’s...

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