News & Updates

News Update

07

Feb 2024

Feb 07, 2024 • 5 min read

Faysal Bank Posts Highest Ever Annual Profit in 2023

Faysal Bank Limited (PSX: FABL) continued its strong profitability trend, with its net profit reaching Rs. 20.2 billion...

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News Update

07

Feb 2024

Feb 07, 2024 • 5 min read

Gold Price in Pakistan Posts Marginal Increase for Second Straight Day

The price of gold in Pakistan posted a marginal increase for the second straight day on Wednesday. According to data iss...

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News Update

07

Feb 2024

Feb 07, 2024 • 5 min read

LCD Monitors to Become More Expensive as FBR Imposes New Customs Valuation

Directorate General of Customs Valuation Karachi has imposed customs values on the import of old and used LCD/LED comput...

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News Update

07

Feb 2024

Feb 07, 2024 • 5 min read

FBR Ordered to Change Baggage Rules to Stop Luxury Imports

The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to amend the baggage rules to control th...

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News Update

07

Feb 2024

Feb 07, 2024 • 5 min read

Former FBR Chief Explains Amendments By SECP in Listed Companies’ Regulations

The primary objective of amendments in the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Reg...

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News Update

07

Feb 2024

Feb 07, 2024 • 5 min read

IHC Suspends Committee Formed for FBR’s Restructuring

The Islamabad High Court (IHC) has suspended the notification for the constitution of the Implementation and Asset Distr...

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News Update

06

Feb 2024

Feb 06, 2024 • 5 min read

Pessimism of Pakistanis About Economic Future Hits Record High: Gallup Survey

Pakistan faces a massive surge in discontent among its populace as it gears up for General Elections this week. A Gallup...

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News Update

06

Feb 2024

Feb 06, 2024 • 5 min read

SNGPL Finalizes Plan to Provide Gas to Over 100 Housing Societies

The Sui Northern Gas Pipelines Limited (SNGPL) has finalized its plan to provide gas connections to over 100 prominent h...

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News Update

06

Feb 2024

Feb 06, 2024 • 5 min read

Gold Price in Pakistan Posts Slight Increase After Massive Decline in Last Two Days

The price of gold in Pakistan rose slightly on Tuesday after two major declines to settle at Rs. 215,100 per tola. Accor...

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News Update

06

Feb 2024

Feb 06, 2024 • 5 min read

Pakistan Tells IMF How It Plans to Cut Circular Debt and Adjust Power Tariff to Support Industry

The caretaker government on Monday virtually met with the International Monetary Fund (IMF) to discuss tariff rationaliz...

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News Update

06

Feb 2024

Feb 06, 2024 • 5 min read

PPL Approves Funding For Govt of Balochistan’s Capital Contribution in Lead-Zinc Mining Project

Pakistan Petroleum Limited (PSX: PPL) has approved the funding of the Government of Balochistan’s share of capital contr...

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News Update

06

Feb 2024

Feb 06, 2024 • 5 min read

Caretaker Govt Drops Another Back-Breaking Gas Bomb On Consumers Before Going Home

The Oil and Gas Regulatory Authority (OGRA) has raised gas prices by 8.6 percent for Sui Southern (SSGC) and 35.13 perce...

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News Update

06

Feb 2024

Feb 06, 2024 • 5 min read

International Packaging Films Asks PSX to Again Officially Approve Its IPO

International Packaging Films Limited has applied for revalidation of PSX approval earlier granted on September 23, 2021...

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News Update

06

Feb 2024

Feb 06, 2024 • 5 min read

President Alvi Directs Postal Life to Pay Rs. 5 Million to Heirs of Insurance Policyholder

President Dr Arif Alvi has directed Postal Life Insurance to pay the death insurance claim of Rs. 5 million to the legal...

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News Update

06

Feb 2024

Feb 06, 2024 • 5 min read

Attock Petroleum Posts 41% Profit Growth in First Half of FY24

Attock Petroleum Limited (APL) has posted a profit after tax (PAT) of Rs. 7.8 billion in first half of FY24, up by 41 pe...

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News Update

06

Feb 2024

Feb 06, 2024 • 5 min read

S&P Global Ratings Ties Pakistan’s Chances of Securing Financing from IMF to Election Results

A more stable political environment in Pakistan is likely an important precondition to repairing the government’s credit...

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News Update

06

Feb 2024

Feb 06, 2024 • 5 min read

CDWP Recommends Rs. 23.8 Billion Project for Automated Indus Basin Irrigation System

The Central Development Working Party (CDWP) convened on Tuesday under the chairmanship of Deputy Chairman Planning Comm...

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News Update

06

Feb 2024

Feb 06, 2024 • 5 min read

PKR Gains Over Rs. 5 Against British Pound After Long Weekend

The Pakistani rupee snapped its 4-day win streak against the US Dollar today after opening trade at 280 in the interbank...

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News Update

06

Feb 2024

Feb 06, 2024 • 5 min read

The Bank of Punjab Partners with Lahore Biennale Foundation to Foster Art and Culture

The Bank of Punjab (BOP) demonstrates its steadfast commitment to promoting arts, literature, and crafts in the country...

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News Update

06

Feb 2024

Feb 06, 2024 • 5 min read

MCB Bank Posts Its Highest Ever Annual Profit in 2023

The Board of Directors of MCB Bank Limited (MCB) in its meeting under the Chairmanship of Mian Mohammad Mansha, on Febru...

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News Update

06

Feb 2024

Feb 06, 2024 • 5 min read

Mahira Khan and Sparx Smartphone’s Game-Changing Alliance: The Launch of the Sparx Smartphones Edge Series

With a dynamic reveal that’s seized the spotlight in tech circles, Sparx smartphones powered by Deploy Group have launch...

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