News & Updates

News Update

16

Feb 2024

Feb 16, 2024 • 5 min read

Rupee Ends ‘Noisy’ Week With Small Gains Against US Dollar

The Pakistani rupee ended the week with gains against the US Dollar today after opening trade at 280 in the interbank ma...

Read Full Article

News Update

16

Feb 2024

Feb 16, 2024 • 5 min read

Dewan Farooque Motors Commences Local Assembly of KIA Shehzore

Dewan Farooque Motors Limited (PSX: DFML) has announced the commencement of local assembly of KIA commercial vehicles in...

Read Full Article

News Update

16

Feb 2024

Feb 16, 2024 • 5 min read

Smartphone Installment Policy is Now Awaiting Approval from Two More Ministries

The Ministry of IT and Telecom is poised to advance its mobile phone installment policy as it moves towards seeking vett...

Read Full Article

News Update

16

Feb 2024

Feb 16, 2024 • 5 min read

Automakers Warn 25% Sales Tax on Local Cars Will Kill the Industry

The Pakistan Automotive Manufacturers Association (PAMA) said that the recent decision of the Economic Coordination Comm...

Read Full Article

News Update

16

Feb 2024

Feb 16, 2024 • 5 min read

Mari Petroleum Discovers Gas in Balochistan

Mari Petroleum Company Limited (MPCL) has made a gas discovery at Maiwand X-1 ST-1 exploration well drilled in Block 28,...

Read Full Article

News Update

16

Feb 2024

Feb 16, 2024 • 5 min read

Gold Price in Pakistan Rises Again But Yet to Recover Earlier Losses

The price of gold in Pakistan rose for the second consecutive day on Friday to settle at Rs. 212,400 per tola. According...

Read Full Article

News Update

16

Feb 2024

Feb 16, 2024 • 5 min read

Customs Unearths Rs. 27.5 Billion Tax Fraud By Importers

The Directorate Post-Clearance Audit (PCA) South has an elaborate tax evasion scheme by importers under the guise of the...

Read Full Article

News Update

16

Feb 2024

Feb 16, 2024 • 5 min read

Ramazan Relief Package to Go Live on March 4

The long-awaited Ramadan relief package is set to roll out at Utility Stores starting from March 4th, 2023, sources told...

Read Full Article

News Update

16

Feb 2024

Feb 16, 2024 • 5 min read

HBL EAFC Gaming Tournament Crowns Champions

The inaugural EAFC Gaming Tournament, held under the auspices of Konnect by HBL, offered a platform for aspiring and est...

Read Full Article

News Update

16

Feb 2024

Feb 16, 2024 • 5 min read

Hub Power Company Ltd to Acquire 9.5% Shares of Sindh Engro Coal Mining Company

The Hub Power Company Limited (PSX: HUBC) has entered into a definitive agreement for the acquisition of 9.5 percent sha...

Read Full Article

News Update

16

Feb 2024

Feb 16, 2024 • 5 min read

2023 Was A Bad Year for Car and House Financing

Car financing continued to fall in the calendar year 2023, down 26 percent YoY to Rs. 251 billion by the end of December...

Read Full Article

News Update

16

Feb 2024

Feb 16, 2024 • 5 min read

Pak Suzuki Initiates Share Purchase Offer for PSX Delisting

Pak Suzuki Motor Company Limited (PSX: PSMC) has initiated the share purchase offer (SPA) to sell 22.14 million shares o...

Read Full Article

News Update

16

Feb 2024

Feb 16, 2024 • 5 min read

Saad Niazi Takes Charge as Keenu’s Acting CEO After Management Buyout

Keenu, a leading player in digital payment services and an Electronic Money Institution (EMI), entered into an exciting...

Read Full Article

News Update

16

Feb 2024

Feb 16, 2024 • 5 min read

Pakistan’s Petroleum Imports Fall 12% in 7 Months of FY24

Petroleum group imports witnessed a negative growth of 12.06 percent during the first seven months (July-January) of the...

Read Full Article

News Update

16

Feb 2024

Feb 16, 2024 • 5 min read

Global LNG Demand to Grow Beyond 2040, Fueled by China’s Industry and Asia’s Economic Development

Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50% by 2040, as industrial coal-to-gas s...

Read Full Article

News Update

16

Feb 2024

Feb 16, 2024 • 5 min read

Foreign Companies Required to Maintain Ownership Records to Submit to SECP

The foreign companies operating in Pakistan would be required to maintain records of their ultimate beneficial owners fo...

Read Full Article

News Update

16

Feb 2024

Feb 16, 2024 • 5 min read

Pakistan’s Textile Exports Fall 3% in 7 Months of FY24

Pakistan’s textile group exports declined by around 3 percent during the first seven months (July-January) of FY24 and s...

Read Full Article

News Update

16

Feb 2024

Feb 16, 2024 • 5 min read

FBR Confiscates Non-Duty Paid Cigarettes Worth Rs. 140 Million

The Federal Board of Revenue (FBR) has confiscated non-duty paid/counterfeit cigarettes worth Rs. 140 million in a two-d...

Read Full Article

News Update

16

Feb 2024

Feb 16, 2024 • 5 min read

Engro Fertilizers Posts Record-Breaking Profit in 2023

Engro Fertilizers (PSX: EFERT), Pakistan’s premier seed-to-harvest solutions provider, posted its highest-ever profit of...

Read Full Article

News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

Gold Price in Pakistan Rises Marginally After Yesterday’s Massive Decline

The price of gold in Pakistan rose marginally on Thursday after a huge decline a day earlier to settle at Rs. 211,100 pe...

Read Full Article

News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

FBR Must Disclose Standards Used for Determining Fair Market Value of Properties: FTO

The evaluators of the Federal Board of Revenue (FBR) must disclose or report the published valuation standards used for...

Read Full Article