News & Updates

News Update

23

Jan 2024

Jan 23, 2024 • 5 min read

World Bank Rates Sindh’s Classroom Transformation Project Moderately Unsatisfactory

The World Bank has rated the progress towards achievement of project development objective of “Sindh Early Learning Enha...

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News Update

23

Jan 2024

Jan 23, 2024 • 5 min read

Fauji Foods Ltd Makes Big Turnaround Posting A Massive Profit in 2023

Fauji Foods Limited (PSX: FFL) has posted a Rs. 605 million profit for the year that ended on December 30, 2023, a big t...

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News Update

23

Jan 2024

Jan 23, 2024 • 5 min read

K-Electric, HUBCO Ink Deal to Explore Offtake of Cheap Electricity

Committed to enabling access to affordable power and bolstering the energy security for its customers, CEO K-Electric (K...

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News Update

23

Jan 2024

Jan 23, 2024 • 5 min read

SBP to Launch Foreign Exchange Trading Platform

The State Bank of Pakistan (SBP) is introducing a Centralized Foreign Exchange (FX) Trading Platform called ‘FX Matching...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

IMF Warns Pakistan Pre-Poll Tensions May Weigh On Policy Decisions

Political tensions ahead of the upcoming elections may weigh on policy decisions and reform implementation, says the Int...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

Gold Price in Pakistan Drops Slightly After Consecutive Gains

The price of gold in Pakistan fell slightly at the start of the new week to settle at Rs. 214,700 per tola. According to...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

Exporters Approach SIFC Against FBR for Creating Hurdles in Export of Copper Ingots

Exporters have approached the Special Investment Facilitation Council (SIFC) against the Federal Board of Revenue (FBR)...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

FBR Commits to IMF It Will Raise Taxes On Digital Markets During FY24

The Federal Board of Revenue (FBR) will increase taxes on digital markets to raise tax collection during the current fis...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

realme C67 – Now Available in Pakistan as the Quality Groundbreaker in Mid-Range Segment at Rs. 52,999/- Only

In a grand entrance to the Pakistani smartphone scene, realme proudly presents the C67, a device that transcends expecta...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

Walee Takes Over Operational Management of Snack Video Pakistan

Walee, MENAP’s largest creator economy player, has announced the takeover of operating rights for the Snack Video platfo...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

Punjab Fixes 15% Quota in Residential Plots for Media Industry

Punjab’s Caretaker Chief Minister, Mohsin Naqvi, has unveiled a groundbreaking initiative to provide residential plots t...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

Taj Gasoline Marks Year-End Triumph with Record-Breaking Achievements

Taj Gasoline, a prominent Oil Marketing Company (OMC), has concluded the year 2023 on a high note, achieving its highest...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

PTA Amends SOPs For Selling Mobile Phone SIMs

In a groundbreaking move to tackle the rise of illegal activities related to mobile SIMs, the Pakistan Telecommunication...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

Pakistan Tells IMF It Will Hike Key Interest Rate If Rupee Falls and Inflation Rises

The government has informed the International Monetary Fund (IMF) that the policy rate was raised to 22 percent, and it...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

PayPak Debit Card: Redefining Financial Transactions in Pakistan

PayPak, launched in 2016, marks Pakistan’s entry into the realm of domestic payment schemes, positioning the country amo...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

Govt Shares Plan to Pay Off Energy Sector’s Rs. 1.25 Trillion Circular Debt With IMF

The Ministry of Finance has come up with a plan to release Rs. 1,250 billion to pay off the energy sector’s circular deb...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

Pakistan’s Mobile Phone Imports Jump By Nearly 120% in First Half of FY24

The country imported mobile phones worth $792.612 million during the first half (July-December) of the current fiscal ye...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

PTCL, Huawei Conduct 50G-PON Trial to Pioneer Next Generation Fiber Optic Broadband in Pakistan

Pakistan Telecommunication Company Limited (PTCL), the country’s leading broadband service provider, proudly announces t...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

Fertilizer Companies’ Profits Likely to Surge By 104% in Q4 2023

Profits of listed fertilizer companies are likely to go up by 104 percent year-on-year (YoY) to Rs. 25 billion in Q4 202...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

FBR to Unveil ‘Tajir Doost’ Mobile App for Documentation of 3.2 Million Retailers

The Federal Board of Revenue (FBR) has finalized a new mobile phone application in the name of “Tajir Doost” for documen...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

IMF Sets New Structural Benchmarks Under Its Standby Arrangement For Pakistan

The International Monetary Fund (IMF) has set two new Structural Benchmarks (SBs) for stand-by arrangement (SBA) includi...

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