News & Updates

News Update

14

Feb 2024

Feb 14, 2024 • 5 min read

APTMA Warns of 50% Textile Industry Going Out of Business Soon

The All Pakistan Textile Mills Association (APTMA) on Wednesday said that the international competitiveness of Pakistan’...

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News Update

14

Feb 2024

Feb 14, 2024 • 5 min read

ECC Approves Another Massive Increase in Gas Prices

While fulfilling another condition of the International Monetary Fund (IMF), the Economic Coordination Committee (ECC) o...

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News Update

14

Feb 2024

Feb 14, 2024 • 5 min read

FTO Decided Refund Claims of Over Rs. 17 Billion in 2023

The Federal Tax Ombudsman (FTO) has addressed the grievances of the taxpayers by processing 8,963 cases with an implemen...

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News Update

14

Feb 2024

Feb 14, 2024 • 5 min read

PHC Strikes Down Taxes on Immoveable Property on Deemed Income Basis

The Peshawar High Court (PHC) has struck down section 7E of the Income Tax Ordinance, 2001, which imposes taxes on immov...

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News Update

14

Feb 2024

Feb 14, 2024 • 5 min read

Hub Power Company Posts 44% Profit Growth in First Half of FY24

The Hub Power Company Limited (HUBC) announced its 2QFY24 financial result today where the company posted a profit after...

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News Update

14

Feb 2024

Feb 14, 2024 • 5 min read

Driving Innovation with Wateen’s Professional Services

Innovation is the key to success for companies looking to stay ahead in today’s fast-paced and ever-evolving marketplace...

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News Update

13

Feb 2024

Feb 13, 2024 • 5 min read

Pakistani Businesses Expect More Economic Trouble Due to Political Instability

The business community fears more instability and economic whirlwinds will ail Pakistan after last week’s contentious Ge...

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News Update

13

Feb 2024

Feb 13, 2024 • 5 min read

Pakistan’s Public Debt Jumps Over Rs. 65 Trillion

The total public debt stock of the federal government increased by 27 percent on a year-on-year (YoY) basis in December...

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News Update

13

Feb 2024

Feb 13, 2024 • 5 min read

PTCL Group Posts Highest-Ever Revenue in 2023

PTCL Group, Pakistan’s leading telecom and ICT services provider has achieved a double-digit revenue growth of 25.8% dur...

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News Update

13

Feb 2024

Feb 13, 2024 • 5 min read

PSX Recovers Back Above 61,000 After Losing Over 1,400 Points During Live Trade

Bears again wrecked the Pakistan Stock Exchange (PSX) on Tuesday as the benchmark KSE-100 index lost over 1,400 points i...

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News Update

13

Feb 2024

Feb 13, 2024 • 5 min read

Faysal Bank Supports 9th Special Olympics Pakistan Unified Marathon 2024

Promoting its mission of inclusivity, Faysal Bank Limited, one of the leading Islamic banks in Pakistan, was the platinu...

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News Update

13

Feb 2024

Feb 13, 2024 • 5 min read

Pakistani Firm to Develop Freelancing Ecosystem in Nepal

A Pakistani company, Dellsons Associates, has signed an agreement with the Nepal Internet Foundation to build the freela...

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News Update

13

Feb 2024

Feb 13, 2024 • 5 min read

tapmad Scores Big: The Ultimate Destination for Sports Fans with Multi-Year Rights and Diverse Content Lineup!

In a groundbreaking move, tapmad, Pakistan’s leading OTT platform, has further solidified its position as the home of sp...

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News Update

13

Feb 2024

Feb 13, 2024 • 5 min read

InfoTech Group Successfully Concludes Roadshow “Turbo Charging African Capital Markets” in Nairobi

InfoTech Group, a leading IT company specializing in Capital Markets, Banking Solutions, GovTech, Microsoft Technology,...

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News Update

13

Feb 2024

Feb 13, 2024 • 5 min read

Allied Bank Posts Highest Ever Annual Profit of Rs. 41.3 Billion in 2023

ABL announced earnings (PAT) today for the calendar year 2023 at Rs. 41.3 billion, depicting an increase of 94 percent Y...

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News Update

13

Feb 2024

Feb 13, 2024 • 5 min read

Pak Rupee Recovers Slightly Against US Dollar

The Pakistani rupee recovered slightly against the US Dollar today after opening trade at 281 in the interbank market. I...

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News Update

13

Feb 2024

Feb 13, 2024 • 5 min read

While Pakistan Gets Internet Outages to Mask Election Results, Bitcoin Silently Makes Headway

While Pakistan’s election last week was expected to help materialize the popular prisoner’s massive bid for power for th...

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News Update

13

Feb 2024

Feb 13, 2024 • 5 min read

SBP Suspends Authorization of Three More Exchange Companies

The State Bank of Pakistan (SBP) has suspended the authorization of three Exchange Companies on account of serious viola...

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News Update

13

Feb 2024

Feb 13, 2024 • 5 min read

PSX to Conduct 3rd Sukuk Auction to Raise Rs. 150 Billion On February 20

The management of the Pakistan Stock Exchange (PSX) notified that the 3rd auction for 05 GoP Ijarah Sukuk (GIS) will be...

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News Update

13

Feb 2024

Feb 13, 2024 • 5 min read

Gold Price in Pakistan Remains Unchanged for Second Straight Day

The price of gold remained unchanged for the second consecutive day on Tuesday owing to little movement in the internati...

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News Update

13

Feb 2024

Feb 13, 2024 • 5 min read

IMF Rejects Pakistan’s Circular Debt Management Plan

The International Monetary Fund (IMF) has rejected Pakistan’s rationalization and circular debt reduction measures a day...

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