News & Updates

News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

UK Falls Into Recession, Japan Loses Spot as World’s Third-Largest Economy

The United Kingdom and Japan have both officially entered recession after the Gross Domestic Product (GDP) of both count...

Read Full Article

News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

PSX Loses Over 1,100 Points Due to Political Turmoil

Bears ransacked the Pakistan Stock Exchange (PSX) today, with the benchmark KSE-100 index losing over 1,100 points at cl...

Read Full Article

News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

Large Scale Manufacturing Output Contracts 0.4% in First Half of FY24

The overall Large Scale Manufacturing sector contracted by 0.39 percent during the first half (July- December) of 2023-2...

Read Full Article

News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

Poor Govt Policies Are Hurting Agriculture and Food Security in Pakistan: World Bank

The World Bank, working with other partners, is preparing a series of Just-in-Time (JIT) Policy Notes that aim to addres...

Read Full Article

News Update

14

Feb 2024

Feb 14, 2024 • 5 min read

FBR to Issue New Property Rates With Higher Tax From July 2024

The Federal Board of Revenue has reached agreements with all provinces on the valuation of immovable properties under th...

Read Full Article

News Update

14

Feb 2024

Feb 14, 2024 • 5 min read

SECP Continues Crackdown Against Illegal Personal Loan Apps With 132 Blocked So Far

The Securities and Exchange Commission of Pakistan (SECP) constantly monitors social media and websites for any illegal...

Read Full Article

News Update

14

Feb 2024

Feb 14, 2024 • 5 min read

Digitt+: Pioneering Agri-Fintech Successfully Processes Crop Procurement Receipts (CPR) Worth Over USD 1 Million in Transactions

Digitt+, the leading agri-based fintech company in Pakistan, proudly announces a momentous achievement in the disburseme...

Read Full Article

News Update

14

Feb 2024

Feb 14, 2024 • 5 min read

FBR Unearths Rs. 300 Million Tax Evasion By Islamabad-Based Company

The Federal Board of Revenue (FBR) has unearthed alleged tax evasion amounting to Rs. 300 million, implicating M/s Warra...

Read Full Article

News Update

14

Feb 2024

Feb 14, 2024 • 5 min read

ACE Money Transfer and HABIBMETRO Join Hands to Facilitate Overseas Pakistanis  

ACE Money Transfer and HABIBMETRO have joined forces to facilitate safe and legal remittance services for overseas Pakis...

Read Full Article

News Update

14

Feb 2024

Feb 14, 2024 • 5 min read

Rs. 410 Million Stolen from Bank Accounts of Overseas Pakistanis Through Forgery, Senate Body Told

The Senate Standing Committee on Finance and Revenue met under the Chairmanship of Senator Saleem Mandviwalla on Wednesd...

Read Full Article

News Update

14

Feb 2024

Feb 14, 2024 • 5 min read

Ignite to Recruit Startup Ecosystem Experts to Encourage Entrepreneurship

In a move to bolster Pakistan’s burgeoning startup landscape, Ignite – National Technology Fund under the Ministry of IT...

Read Full Article

News Update

14

Feb 2024

Feb 14, 2024 • 5 min read

Islamabad Faces Water Supply Challenges Amid Khanpur Dam Canal Cleaning

The annual cleaning of the Khanpur Dam canal has prompted a significant reduction in water supply to Islamabad, posing c...

Read Full Article

News Update

14

Feb 2024

Feb 14, 2024 • 5 min read

Upcoming Govt Likely to Sign a New $10 Billion Loan Program With IMF

The Ministry of Finance is in talks with the International Monetary Fund (IMF) regarding obtaining a new three-year loan...

Read Full Article

News Update

14

Feb 2024

Feb 14, 2024 • 5 min read

Pakistan’s Imports From Iran Increase by 25% in January

Pakistan’s imports from Iran have surged despite recent tension between the two countries. Pakistan’s imports from Iran...

Read Full Article

News Update

14

Feb 2024

Feb 14, 2024 • 5 min read

EDOTCO Pakistan Spearheads Sustainable Development and Community Wellbeing in 2023

EDOTCO Pakistan, a key player in the telecommunications infrastructure industry, marked a significant stride in its dedi...

Read Full Article

News Update

14

Feb 2024

Feb 14, 2024 • 5 min read

Govt Likely to Drop Gas Bomb in 48 Hours to Meet Another IMF Condition

The Government of Pakistan has until tomorrow to again drop a gas bomb on consumers as previously agreed with the Intern...

Read Full Article

News Update

14

Feb 2024

Feb 14, 2024 • 5 min read

Pakistan’s Political Uncertainty After Elections is Credit Negative: Moody’s

Political uncertainty persists in Pakistan following inconclusive election results, a credit negative, says Moody’s Inve...

Read Full Article

News Update

14

Feb 2024

Feb 14, 2024 • 5 min read

Pak Rupee Stable Against US Dollar But Gains Big Against British Pound

The Pakistani rupee was stable against the US Dollar today after opening trade at 280 in the interbank market. It was la...

Read Full Article

News Update

14

Feb 2024

Feb 14, 2024 • 5 min read

Govt to Share Bad News on Fuel Price Tomorrow

The Government of Pakistan is likely to increase the price of high-speed diesel (HSD) by Rs. 8 per liter on February 16,...

Read Full Article

News Update

14

Feb 2024

Feb 14, 2024 • 5 min read

Senate Body Passes Bill Requiring NA’s Approval for Supplementary Grants

The Senate Standing Committee on Law and Justice unanimously passed the “The Constitution (Amendment) Bill, 2023” (Amend...

Read Full Article

News Update

14

Feb 2024

Feb 14, 2024 • 5 min read

Gold Price in Pakistan Falls Massively After Huge Decline in International Prices

The price of gold in Pakistan plummeted on Wednesday to settle at Rs. 210,800 per tola as international prices fell afte...

Read Full Article