News & Updates

News Update

06

Feb 2024

Feb 06, 2024 • 5 min read

Govt Borrowing From Banks Hits Record High in Just 7 Months

The federal government has borrowed nearly Rs. 4 trillion from banks despite collecting more revenue than expected so fa...

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News Update

06

Feb 2024

Feb 06, 2024 • 5 min read

PSX to Remain Closed on Thursday

The Pakistan Stock Exchange will remain closed on Thursday, 8 February 2024, on account of General Elections. “All TRE C...

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News Update

06

Feb 2024

Feb 06, 2024 • 5 min read

Pakistan Oilfields Half-Year Profit Surges 22% to Rs. 17.6 Billion

Pakistan Oilfields Limited (POL) on Tuesday announced its financial results for the six months ended December 31, 2023,...

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News Update

06

Feb 2024

Feb 06, 2024 • 5 min read

Banks to Remain Closed For Another Day This Week

The State Bank of Pakistan (SBP) on Tuesday announced that it will remain closed on Thursday, 8 February 2024, on accoun...

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News Update

06

Feb 2024

Feb 06, 2024 • 5 min read

Federal Cabinet Approves Restructuring of PIA

The Federal Cabinet Tuesday approved the restructuring of Pakistan International Airlines (PIA) on the recommendation of...

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News Update

06

Feb 2024

Feb 06, 2024 • 5 min read

Zong 4G Holds Annual Business Conference to Set Strategic Roadmap for 2024

Zong 4G, held its Annual Business Conference 2024 at its Headquarters in Islamabad. The conference, themed “Elevate Core...

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News Update

06

Feb 2024

Feb 06, 2024 • 5 min read

FBR Revises Customs Values on Import of Branded Ice Cream

Directorate General of Customs Valuation Karachi has issued new customs values on the import of branded ice cream from a...

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News Update

06

Feb 2024

Feb 06, 2024 • 5 min read

Govt Seeks 1-Year Extension in World Bank-Funded FBR Project

The government has sought a one-year extension in the “Pakistan Raises Revenue (PRR)” project worth $400 million finance...

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News Update

05

Feb 2024

Feb 05, 2024 • 5 min read

Govt Forms 8-Member Asset Distribution Committee for FBR Restructuring

The caretaker federal government has constituted an 8-member high-level implementation and asset distribution committee...

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News Update

05

Feb 2024

Feb 05, 2024 • 5 min read

PBC Urges Caretaker Govt to Include Taxpayers in FBR Policy Board

Pakistan Business Council (PBC) has asked the caretaker government to bring the role of the tax policy under the ambit o...

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News Update

05

Feb 2024

Feb 05, 2024 • 5 min read

Islamic Banking Industry Likely to Record 100% Profit Growth in 2023

As the results of the leading Islamic banks are made ready for full-year announcement, the profitability of the Islamic...

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News Update

05

Feb 2024

Feb 05, 2024 • 5 min read

ECP Tells Govt to Pause PIA Sale

A few days after obstructing the restructuring of the Federal Board of Revenue (FBR), the Election Commission of Pakista...

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News Update

05

Feb 2024

Feb 05, 2024 • 5 min read

Pakistan Bonds Face Uncertainty Amid Elections With IMF Bailout Expiring Next Month

Pakistan’s dollar bonds are expected to take hits as the current bailout program with the International Monetary Fund (I...

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News Update

05

Feb 2024

Feb 05, 2024 • 5 min read

Pakistani Business Owners Warn of No Economic Progress in Next 10 Years

The Chief Executive Officers (CEOs) of Pakistani companies apprehended that their companies will not remain economically...

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News Update

05

Feb 2024

Feb 05, 2024 • 5 min read

Gold Price in Pakistan Registers Big Decline

The price of gold in Pakistan fell by Rs. 1,200 per tola to settle at Rs. 214,800 per tola on Monday. According to data...

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News Update

05

Feb 2024

Feb 05, 2024 • 5 min read

Pakistan’s Exports to China Increase By 46% in 7 Months of FY24

Pakistan’s export of goods and services to China witnessed an increase of 46 percent during the first seven months of th...

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News Update

04

Feb 2024

Feb 04, 2024 • 5 min read

PSL 2024 Unleashes Watch & Earn Magic on myco – Tune in for Rewards Now!

In an epic twist, myco, the global blockchain video streamer, snags the digital streaming rights for HBL PSL Season 9 &...

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News Update

03

Feb 2024

Feb 03, 2024 • 5 min read

Apple Reports Soaring Profits Thanks to All Time High Services Revenue

In its latest earnings disclosure for the first quarter of 2024, which concluded on December 30, 2023, Apple announced a...

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News Update

02

Feb 2024

Feb 02, 2024 • 5 min read

You Will Now Pay PIA’s Debts After Govt’s New Move

The government and commercial banks have agreed on a debt restructuring plan for Pakistan International Airlines (PIA) t...

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News Update

02

Feb 2024

Feb 02, 2024 • 5 min read

Urea Sales Down 3% in January 2024

The urea offtake in the country declined by 3 percent on a year-on-year (YoY) basis to 613k tons in January 2024 compare...

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News Update

02

Feb 2024

Feb 02, 2024 • 5 min read

SIFC Gives Approval for  Strategic Canals Vision 2030 and FBR Reforms

The Special Investment Facilitation Council (SIFC) convened the 9th meeting of its Apex Committee today to review variou...

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