News & Updates

News Update

20

Mar 2024

Mar 20, 2024 • 5 min read

PSX Marks Listing of BankIslami Pakistan’s Ehad Sukuk II with Gong Ceremony

Pakistan Stock Exchange (PSX) held a gong ceremony at the Exchange to mark the listing of BankIslami Pakistan Limited’s...

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News Update

20

Mar 2024

Mar 20, 2024 • 5 min read

Pakistan to Get Final Tranche From IMF A Bit Later Than Expected

Pakistan will get the second and final tranche of SDR 828 million (around US$1.1 billion) from the International Monetar...

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News Update

19

Mar 2024

Mar 19, 2024 • 5 min read

Pakistan One Step Closer to $1.1 Billion Loan Tranche as IMF Concludes Final Review

Pakistani authorities and the International Monetary Fund (IMF) have successfully completed the final review of the $3 b...

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News Update

19

Mar 2024

Mar 19, 2024 • 5 min read

Gold Price in Pakistan Climbs After Successive Drops

The price of gold in Pakistan climbed on Tuesday to settle at Rs. 227,300 per tola. According to data issued by the Kara...

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News Update

19

Mar 2024

Mar 19, 2024 • 5 min read

SBP Fights Rate Cut Temptation But At What Cost?

The State Bank of Pakistan (SBP) finds itself in a balancing act as it contends with the demands of the International Mo...

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News Update

19

Mar 2024

Mar 19, 2024 • 5 min read

Pakistan Likely to Allow Chinese IPPs to Declare Force Majeure During Coal Shortage

Pakistan could allow Chinese coal power plants to declare periods of coal shortage as Other Force Majeure Events (OFME)....

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News Update

19

Mar 2024

Mar 19, 2024 • 5 min read

Current Account Turns Green with Surplus of $128 Million in February 2024

Pakistan’s current account balance posted a surplus of $128 million in February 2024, according to data released by the...

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News Update

19

Mar 2024

Mar 19, 2024 • 5 min read

Pakistan’s REER Index Hits 102.17 in February 2024

Pakistan’s Real Effective Exchange Rate (REER) increased by 0.42 percentage points to 102.17 in February 2024. According...

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News Update

19

Mar 2024

Mar 19, 2024 • 5 min read

CDA Introduces Islamabad Mascot MarGo

The Capital Development Authority (CDA) has unveiled MarGo, the official mascot of Islamabad, in a move aimed at enhanci...

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News Update

19

Mar 2024

Mar 19, 2024 • 5 min read

Roshan Digital Account Inflows Up 2% in February 2024

Foreign exchange inflows through the Roshan Digital Accounts (RDAs) arrived at $141 million in February 2024, compared t...

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News Update

19

Mar 2024

Mar 19, 2024 • 5 min read

Power Generation Declines Further While Fuel Cost Jumps 9% in February 2024

Power generation in the country went down by 8 percent YoY to 7,117 gigawatts per hour (GWh) in February 2024, while it...

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News Update

19

Mar 2024

Mar 19, 2024 • 5 min read

OGRA Ramps Up Refinery Upgrade Agreements

The Oil & Gas Development Authority (OGRA) has intensified efforts to finalize upgrade agreements with refineries under...

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News Update

19

Mar 2024

Mar 19, 2024 • 5 min read

TECNO Delights Fans with SPARK 20 PRO+: All Colors Now in Stock for PKR 55,999

The TECNO Spark 20 Pro+, the latest addition to the SPARK family, achieved remarkable success upon its launch, quickly b...

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News Update

19

Mar 2024

Mar 19, 2024 • 5 min read

vivo Unveils the Future of Portrait Photography with the Premium and Elegant V30 5G

vivo, a global leading technology company, today introduced vivo V30 5G, the best-in-class flagship with upgraded Aura L...

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News Update

19

Mar 2024

Mar 19, 2024 • 5 min read

Pakistan’s IT Exports up 15% to $1.97 Billion in 8 Months of FY24

The IT and IT-enabled Services (ITeS) export remittances comprising computer services and call centre services increased...

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News Update

19

Mar 2024

Mar 19, 2024 • 5 min read

SSGC Seeks Rs. 274.40 per MMBtu Hike to Avert Financial Crisis

Sui Southern Gas Company (SSGC) has warned that it will financially go under if gas rates aren’t increased. At a public...

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News Update

19

Mar 2024

Mar 19, 2024 • 5 min read

SBP Governor Expects $6 Billion Rollover Before June-End

Talks between Pakistan and China for rolling over a $2 billion loan will conclude in two weeks, Governor State Bank of P...

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News Update

19

Mar 2024

Mar 19, 2024 • 5 min read

World Bank to Consider $78 Million Digital Economy Enhancement Project For Pakistan This Week

The World Bank’s Board of Executive Directors will consider the approval of “Pakistan: Digital Economy Enhancement Proje...

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News Update

19

Mar 2024

Mar 19, 2024 • 5 min read

Zong 4G Celebrates Ramadan with Free Islamic Ringback Tones and Content

In the spirit of Ramadan, Zong 4G, Pakistan’s leading telecommunications provider, is delighted to announce a special pr...

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News Update

19

Mar 2024

Mar 19, 2024 • 5 min read

Electricity Companies Want to Increase Rs. 4.99 Per Unit Tariff

The Central Power Purchasing Agency (CPPA) on behalf of Ex-WAPDA Distribution Companies (XWDISCOs) has requested an incr...

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News Update

19

Mar 2024

Mar 19, 2024 • 5 min read

Science Minister Urges Provinces to Harmonize Food Business Rules

Federal Minister for Science and Technology Dr Khalid Maqbool Siddiqui has called upon the provincial governments to har...

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