News & Updates

News Update

22

Mar 2024

Mar 22, 2024 • 5 min read

Pakistan’s IT Sector Continues to Outpace Country’s GDP

Over the last decade or so, Pakistan’s economy has struggled to maintain a high sustainable growth rate amid mounting pr...

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News Update

22

Mar 2024

Mar 22, 2024 • 5 min read

World Bank Likely to Approve $150 Million Financing For Two Projects in Pakistan

The World Bank’s Board of Executive Directors is likely to approve $150 million in financing for “Pakistan: Digital Econ...

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News Update

22

Mar 2024

Mar 22, 2024 • 5 min read

SECP Allows Securities Brokers to Offer Shariah-Compliant Services

The Securities and Exchange Commission of Pakistan (SECP) has decided to allow securities brokers to offer completely Sh...

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News Update

22

Mar 2024

Mar 22, 2024 • 5 min read

Pakistan Set to Tap China for $300 Million Panda Bonds

Finance Minister Muhammad Aurangzeb has said that Pakistan is keen to tap Chinese investors by selling around $300 milli...

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News Update

22

Mar 2024

Mar 22, 2024 • 5 min read

SECP Stipulates Procedure for Payment of Subscription Money

The Securities and Exchange Commission of Pakistan (SECP) has issued a notification specifying the time, manner, and con...

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News Update

22

Mar 2024

Mar 22, 2024 • 5 min read

Prime Minister Constitutes Economic Coordination Committee of Cabinet

Prime Minister Shehbaz Sharif Friday constituted the Economic Coordination Committee (ECC) of the Cabinet. According to...

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News Update

22

Mar 2024

Mar 22, 2024 • 5 min read

Pakistan Received $6.67 Billion in Foreign Loans During 8 Months of FY24

The country borrowed $6.678 billion from multiple financing sources during the first eight months (July-February) of the...

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News Update

22

Mar 2024

Mar 22, 2024 • 5 min read

Car Financing Plummets 20 Months in a Row

Car financing continued to fall 20 months in a row in the calendar year 2024, down 25 percent YoY to Rs. 243 billion by...

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News Update

22

Mar 2024

Mar 22, 2024 • 5 min read

Weekly Inflation Drops to Lowest Level in 7 Months

The Sensitive Price Index (SPI) for the week ended on March 21, 2024 declined by 1.13 percent mainly due to decline in t...

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News Update

22

Mar 2024

Mar 22, 2024 • 5 min read

Punjab Sets World Record for Planting Most Trees in 60 seconds

Chief Minister Punjab Maryam Nawaz initiated a groundbreaking ‘Plant For Pakistan’ campaign, achieving a remarkable feat...

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News Update

22

Mar 2024

Mar 22, 2024 • 5 min read

Rupee Ends Week in Green Against US Dollar, Other Currencies

The Pakistani rupee closed this week in green against the US Dollar after opening trade at 278 in the interbank market....

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News Update

22

Mar 2024

Mar 22, 2024 • 5 min read

PIA Summons Emergency Board Meeting to Discuss Privatization Matter

Pakistan International Airlines Corporation Limited (PLACL) has summoned a meeting of the Board of Directors on Monday n...

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News Update

22

Mar 2024

Mar 22, 2024 • 5 min read

Engro Fertilizers’ EnVen Plant to Remain Closed for 54 Days for Scheduled Maintenance

Engro Fertilizers Limited (PSX: EFERT) Friday said that the scheduled maintenance activity of its EnVen Plant (Plant-II)...

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News Update

22

Mar 2024

Mar 22, 2024 • 5 min read

Standard Chartered Pakistan Preparing to Convert Into Full-Fledged Islamic Bank

The management of Standard Chartered Pakistan is preparing to convert the conventional bank into a full-fledged Islamic...

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News Update

22

Mar 2024

Mar 22, 2024 • 5 min read

Pakistan, Saudi Fund for Development Sign $107 Million Loan Agreements for Hydropower Projects

The government of Pakistan and the Saudi Fund for Development (SFD) signed two loan agreements amounting to $107 million...

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News Update

22

Mar 2024

Mar 22, 2024 • 5 min read

Sindh is Planning to Increase Water Tax by 800%

The notification issued by the Sindh government could potentially lead to a significant surge in water bills for domesti...

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News Update

22

Mar 2024

Mar 22, 2024 • 5 min read

Post-Flood Aftershocks, COVID-19 Still Pose Major Economic Challenges to Pakistan: ADB

The devastating floods in 2022, impact of the COVID-19 pandemic, security issues, structural risks, and adverse external...

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News Update

22

Mar 2024

Mar 22, 2024 • 5 min read

Lahore High Court Explains How to Tax Insurance Companies

Lahore High Court (LHC) has issued a judgment on the calculation of taxes on insurance companies under section 99 read w...

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News Update

22

Mar 2024

Mar 22, 2024 • 5 min read

SBP Allows ABL, Bank Al Habib to Start Their Currency Exchange Operations

The State Bank of Pakistan (SBP) has allowed Allied Bank Limited (ABL) and Bank AL Habib Limited (BAHL) to begin operati...

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News Update

22

Mar 2024

Mar 22, 2024 • 5 min read

PM Constitutes Cabinet Committee on Chinese Investment Projects

Prime Minister Shehbaz Sharif Friday constituted the Cabinet Committee on Chinese Investment Projects (CCoCIP). In a not...

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News Update

21

Mar 2024

Mar 21, 2024 • 5 min read

SBP Reserves Increase by $105 Million to Cross $8 Billion

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $105 million on a weekly basis accor...

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