News & Updates

News Update

20

Feb 2024

Feb 20, 2024 • 5 min read

Rupee Falls But Manages to Stay At 279 Against US Dollar

The Pakistani rupee posted losses against the US Dollar today after opening trade at 281 in the interbank market. It was...

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News Update

20

Feb 2024

Feb 20, 2024 • 5 min read

Hotel One by Pearl-Continental Hotels & Resorts Wins Big at Booking.com’s Traveler Review Awards 2024

Hotel One by Pearl-Continental secured 12 accolades at the Traveler Review Awards by Booking.com, with each property gar...

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News Update

20

Feb 2024

Feb 20, 2024 • 5 min read

FBR Revenue Collection Up 30% in 7 Months of FY24

The Federal Board of Revenue (FBR) has collected revenue of Rs. 5,150 billion from July 2023 to January 2024 against col...

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News Update

20

Feb 2024

Feb 20, 2024 • 5 min read

Fauji Fertilizer Bin Qasim Announces Huge Increase in Urea Prices After Govt’s Gas Bomb

Fauji Fertilizer Bin Qasim Ltd (PSX: FFBL) has increased urea prices by Rs. 1,350 per bag. According to JS Global, Fauji...

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News Update

20

Feb 2024

Feb 20, 2024 • 5 min read

FBR Revises Customs Value on Import of Cannula

Directorate General of Customs Valuation Karachi has amended customs values on the import of Cannula/ I.V Catheter from...

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News Update

20

Feb 2024

Feb 20, 2024 • 5 min read

PSO Asks China’s Sinopec to Set Up Refinery in Pakistan With Saudi Aramco

Pakistan State Oil (PSO) has asked Chinese petrochemical firm Sinopec to build a refinery and petrochemical complex in P...

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News Update

20

Feb 2024

Feb 20, 2024 • 5 min read

vivo Y17s Sparkles in Pakistan: Introducing the All-New Diamond Orange Edition!

vivo, a leading global technology brand, continues to push the boundaries of smartphone innovation with the launch of th...

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News Update

20

Feb 2024

Feb 20, 2024 • 5 min read

Gold Price in Pakistan Posts Marginal Increase

The price of gold in Pakistan rose marginally on Tuesday to settle at Rs. 215,450 per tola. According to data issued by...

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News Update

20

Feb 2024

Feb 20, 2024 • 5 min read

Commerce Minister to Lead Delegation of Industrialists to Saudi Arabia

Caretaker Federal Minister for Commerce and Industries Gohar Ejaz is leading a delegation of 24 top business groups of t...

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News Update

20

Feb 2024

Feb 20, 2024 • 5 min read

Foreign Investment Outflow Hits 5-Year High in Pakistan

Pakistan witnessed net outflow of $173 million in January 2024, compared to $237 million in the same period last year. A...

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News Update

20

Feb 2024

Feb 20, 2024 • 5 min read

Typhoon Trip: Pak Rupee is Down 165% Since 2018 And Another 10% Crash is Next

The Pakistani rupee (PKR) has been one of the hardest-hit currencies globally. From a low of 105.18 in 2018, it crashed...

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News Update

20

Feb 2024

Feb 20, 2024 • 5 min read

US Firm Signs Agreement to Invest $200 Million in Pakistan’s Pink Salt Industry

Caretaker Prime Minister Anwaar ul Haq Kakar  on Tuesday said the effective utilization of human as well as mineral reso...

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News Update

20

Feb 2024

Feb 20, 2024 • 5 min read

Bank of Punjab Posts Rs. 11 Billion Profit in 2023

The Bank of Punjab (PSX: BOP) has announced a profit after tax of Rs. 11 billion for the calendar year that ended on Dec...

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News Update

20

Feb 2024

Feb 20, 2024 • 5 min read

Interloop’s Half-Year Profit Soars 115% to Rs. 9.85 Billion

Interloop Limited (ILP) has announced its financial results for the half year that ended December 31, 2023 (1HFY24). The...

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News Update

20

Feb 2024

Feb 20, 2024 • 5 min read

FBR Issues New Recovery Procedure to Avoid Illegal Attachment of Taxpayers’ Bank Accounts

The Federal Board of Revenue (FBR) has issued a new recovery procedure for the Inland Revenue field formations to avoid...

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News Update

19

Feb 2024

Feb 19, 2024 • 5 min read

Gold Price in Pakistan Increases as International Prices Pick Up

The price of gold in Pakistan increased by over Rs. 1,000 per tola on Monday to settle at Rs. 214,300. According to data...

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News Update

19

Feb 2024

Feb 19, 2024 • 5 min read

Pakistan’s Real Effective Exchange Rate Spikes by 2.94% in January

Pakistan’s Real Effective Exchange Rate (REER) increased by 2.9 percentage points to 101.7 in January 2024. According to...

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News Update

19

Feb 2024

Feb 19, 2024 • 5 min read

The Complete Story: SadaPay-Papara Deal and Actual Reasons Behind Devaluation

The recent news of SadaPay’s acquisition by Turkish fintech giant Papara for less than $50 million has caused significan...

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News Update

19

Feb 2024

Feb 19, 2024 • 5 min read

Pakistan’s Default Risk to Hover Again If No New Deal Signed With IMF Due to Political Turmoil

The close outcome of Pakistan’s election and resulting near-term political uncertainty may complicate the country’s effo...

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News Update

19

Feb 2024

Feb 19, 2024 • 5 min read

Korean Firm Acquires Shares in Pakistani Hydropower Entity

The Competition Commission of Pakistan (CCP) has approved a merger that will see a Korean company investing in Pakistan’...

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News Update

19

Feb 2024

Feb 19, 2024 • 5 min read

FBR Invites Customs-Related Budget Proposals for FY25

The Federal Board of Revenue (FBR) has given a deadline of March 1, 2024, to all chambers and trade bodies to submit cus...

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