News & Updates

News Update

13

Feb 2024

Feb 13, 2024 • 5 min read

Hyderabad-Sukkur Motorway Cost to Exceed Rs. 308 Billion

The cost of the Hyderabad-Sukkur Motorway project– a crucial stretch for the completion of the Peshawar-Karachi Motorway...

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News Update

13

Feb 2024

Feb 13, 2024 • 5 min read

MSCI Adds 22 PSX Companies to Its Indices

Investment research firm and stock markets index provider Morgan Stanley Capital International (MSCI) has added 22 Pakis...

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News Update

13

Feb 2024

Feb 13, 2024 • 5 min read

Pakistan’s Imports from India Surge 28% in January 2024

Pakistan’s imports from India have once again increased despite a ban on official trade. According to sources, the impor...

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News Update

13

Feb 2024

Feb 13, 2024 • 5 min read

ECC Approves Rs. 7.5 Billion Ramadan Relief Package for BISP Beneficiaries

The Economic Coordination Committee (ECC) of the Cabinet Tuesday approved the proposed Ramadan Relief Package 2024, for...

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News Update

13

Feb 2024

Feb 13, 2024 • 5 min read

FBR Imposes 20% Customs Duty on Import of Kids Scooty from China

The customs classification committee of the Federal Board of Revenue (FBR) has imposed a 20 percent customs duty on the...

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News Update

13

Feb 2024

Feb 13, 2024 • 5 min read

SECP Prescribes Fit and Proper Criteria for Key Executives of Corporate Restructuring Companies

The Securities and Exchange Commission of Pakistan (SECP), to strengthen the risk mitigation framework and enhance trans...

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News Update

13

Feb 2024

Feb 13, 2024 • 5 min read

PPL, Mari JV Successfully Drills, Tests Development Well in Sindh

Hala JV, a joint venture between Pakistan Petroleum Limited (PPL) and Mari Petroleum Company Limited (MPCL), has success...

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News Update

12

Feb 2024

Feb 12, 2024 • 5 min read

The Buzz Around Town is all About the New TECNO SPARK 20 Pro Series!

Are we not always on the lookout for a reasonably priced phone? However, finding a budget-friendly phone that doesn’t co...

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News Update

12

Feb 2024

Feb 12, 2024 • 5 min read

Learn360 LMS Takes Center Stage at Prestigious EdTech Event #Bett2024 in London

Learn360, a leading Learning Management Systems (LMS) provider, made waves at the Bett 2024 education technology confere...

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News Update

12

Feb 2024

Feb 12, 2024 • 5 min read

SBP Cancels License of PBS Exchange Company

The State Bank of Pakistan (SBP) has cancelled the authorization/license of M/s. PBS Exchange Company (Pvt.) Limited. In...

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News Update

12

Feb 2024

Feb 12, 2024 • 5 min read

FTO Directs FBR to Process Deferred Sales Tax Refund of Pharma Company

The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to immediately process missing amounts a...

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News Update

12

Feb 2024

Feb 12, 2024 • 5 min read

Resilience in Turbulent Times: How Microfinance Banking Stands Strong Amid Economic Challenges

While Pakistan’s economic landscape continues to stagger, and the microfinance industry grapples with uncertainties. Emp...

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News Update

12

Feb 2024

Feb 12, 2024 • 5 min read

FBR Revises Customs Values on Import of Playing Cards

Directorate General of Customs Valuation Karachi has issued revised customs values on the import of playing cards from C...

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News Update

12

Feb 2024

Feb 12, 2024 • 5 min read

Rupee Falls Against Major Currencies After Delay in Election Results Rattles Market

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

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News Update

12

Feb 2024

Feb 12, 2024 • 5 min read

PSMC Authorizes Suzuki Motor Corp to Buy Back Shares for PSX Delisting

Shareholders of Pak Suzuki Motor Company Limited (PSX: PSMC) have authorized the automobile assembler’s major shareholde...

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News Update

12

Feb 2024

Feb 12, 2024 • 5 min read

SECP Cancels Securities’ Broker License of 3 Firms

The Securities and Exchange Commission of Pakistan (SECP) has canceled the broker licenses of three companies, the Pakis...

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News Update

12

Feb 2024

Feb 12, 2024 • 5 min read

Local Assembling of Mobile Phones Falls by 3% in 2023

Local manufacturing/assembling of mobile handsets declined by around 3 percent during 2023, due to issues in imports on...

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News Update

12

Feb 2024

Feb 12, 2024 • 5 min read

World Bank Approves Extension and Restructuring of Pakistan Raises Revenue Project

The World Bank has accepted the government’s request for the extension of the closing date and restructuring of the “Pak...

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News Update

12

Feb 2024

Feb 12, 2024 • 5 min read

Finance Ministry Proposes to Abolish New/Vacant Posts in Budget FY2024-25

To enhance efficiency and rationalize expenditures, the Ministry of Finance has proposed to eliminate all new/redundant...

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News Update

12

Feb 2024

Feb 12, 2024 • 5 min read

Federal Cabinet Okays Appointment of Interim CEO National Fertilizer Corporation

The federal cabinet has approved a summary presented by the Ministry of Industries and Production to appoint Sara Aslam...

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News Update

12

Feb 2024

Feb 12, 2024 • 5 min read

Bloodbath At PSX As KSE-100 Falls by Nearly 2,300 Points After Election Turmoil

Bears wrecked the Pakistan Stock Exchange (PSX) today as the benchmark KSE-100 index lost over 2,200 points in intraday...

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