News & Updates

News Update

26

Jan 2024

Jan 26, 2024 • 5 min read

Wateen Provides Connectivity with Managed WAN and Campus Wi-Fi 6 Services to Riphah International University – Powered by H3C

Wateen Telecom, Pakistan’s leading ICT company and a pioneer in Managed WAN services in the country, has announced a str...

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News Update

25

Jan 2024

Jan 25, 2024 • 5 min read

Gold Price in Pakistan Falls Despite Increase in International Market

After holding its ground a day earlier, the price of gold in Pakistan stumbled on Thursday to settle at Rs. 213,800 per...

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News Update

25

Jan 2024

Jan 25, 2024 • 5 min read

Inland Revenue Services Urges Election Commission to Help Prevent FBR Overhaul

The Inland Revenue Service (IRS) has asked the Election Commission of Pakistan to prevent the illegal and unconstitution...

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News Update

25

Jan 2024

Jan 25, 2024 • 5 min read

$600 Million Needed to Meet Financial Requirements of PIA

There is an immediate need of $600 million to meet the financial requirements of the cash-strapped Pakistan Internationa...

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News Update

25

Jan 2024

Jan 25, 2024 • 5 min read

Pak Rupee Halts Win Streak Against USD After Below-Par Bond Auction Dulls Market

The Pakistani rupee halted its winning streak against the US Dollar today after opening trade at 280 in the interbank ma...

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News Update

25

Jan 2024

Jan 25, 2024 • 5 min read

SIFC’s Executive Committee Recommends Policy Initiatives to Further Refine Investment Climate

The Special Investment Facilitation Council (SIFC) resumed the second session of its 8th Executive Committee Meeting on...

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News Update

25

Jan 2024

Jan 25, 2024 • 5 min read

Govt to Increase Paid-up Capital of State Life Insurance Corporation

The caretaker federal government has decided to increase the paid-up capital of the State Life Insurance Corporation to...

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News Update

25

Jan 2024

Jan 25, 2024 • 5 min read

Punjab Eyes Wheat Output of 24 Million Tons This Year

Punjab is likely to achieve a 13 percent higher wheat production volume of 24 million tons this year compared to last ye...

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News Update

25

Jan 2024

Jan 25, 2024 • 5 min read

6-Month KIBOR Drops to Lowest Level Since March 2023

The 6-Month Karachi Inter-Bank Offered Rate (KIBOR), a benchmark for lending to consumers and businesses, fell by 20 bas...

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News Update

25

Jan 2024

Jan 25, 2024 • 5 min read

Faysal Bank and OPay Collaborate for Expanding Digital Merchant Acceptance Across Pakistan

Faysal Bank Limited, a leading Islamic financial institution known for its commitment to technological innovation with S...

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News Update

25

Jan 2024

Jan 25, 2024 • 5 min read

PM Urges Saudi Arabia’s Al-Jomaih Group to Invest in Pakistan’s Alternative Energy Sector

Caretaker Prime Minister Anwaar-ul-Haq Kakar Thursday urged Saudi Arabia’s Al-Jomaih Group to invest in Pakistan’s alter...

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News Update

25

Jan 2024

Jan 25, 2024 • 5 min read

Tariq Glass Vows to Complete Glass Facility Project With LCI Despite Delay

Tariq Glass Industries Limited (PSX: TGL) informed the main bourse on Thursday that it has struggled with the float glas...

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News Update

25

Jan 2024

Jan 25, 2024 • 5 min read

Experts Urge Govt to Navigate Clear Path for Holistic Shift to Renewable Energy

Experts at a roundtable opined that amid growing inflation and energy demands, the government needs to ensure its course...

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News Update

25

Jan 2024

Jan 25, 2024 • 5 min read

Financial Misery Mounts For PSO As Receivables Cross Rs. 850 Billion

The receivables of state-owned Pakistan State Oil (PSO) have crossed Rs. 850 billion worsening its liquidity crunch. Ove...

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News Update

25

Jan 2024

Jan 25, 2024 • 5 min read

FFBL Profit Down By 48% in 2023 Amid High Taxes

Fauji Fertilizer Bin Qasim Limited (PSX: FFBL) has announced its financial results for the calendar year that ended on D...

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News Update

25

Jan 2024

Jan 25, 2024 • 5 min read

PTCL Group Renews Partnership with SNGPL for Cellular Services

Pakistan’s largest telecommunications and integrated ICT services provider, PTCL Group (PTCL & Ufone 4G), and largest in...

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News Update

25

Jan 2024

Jan 25, 2024 • 5 min read

PM Kakar Summons Meeting of National Economic Council A Week Before Elections

Caretaker Prime Minister Anwaarul Haq Kakar has summoned a meeting of the National Economic Council on January 29, 2024,...

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News Update

25

Jan 2024

Jan 25, 2024 • 5 min read

Lucky Core Industries’ Profits Surge 104% in Q2 FY24

Lucky Core Industries Limited (PSX: LCI) announced financial results for the period that ended on December 31, 2023, whe...

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News Update

25

Jan 2024

Jan 25, 2024 • 5 min read

SBP Reserves Increase by $243 Million Due to IMF Loan Tranche

The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $243 million on a weekly basis according...

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News Update

25

Jan 2024

Jan 25, 2024 • 5 min read

Petrol Prices Likely to Increase Next Week

MS petrol and High-Speed Diesel (HSD) prices are expected to rise sharply next week due to ongoing tensions in the Red S...

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News Update

25

Jan 2024

Jan 25, 2024 • 5 min read

Experts Expect Policy Rate to Remain Unchanged in Upcoming MPC Meeting

The majority of participants of a survey conducted by a brokerage house expect the policy rate to remain unchanged in th...

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