News & Updates

News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

Govt Plans to Raise Rs. 100 Billion From Sukuks At PSX Tomorrow

The government through the Ministry of Finance is all set to conduct an auction of Rs. 100 billion for sovereign Sukuk a...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

Service Global Footwear Approves Rs. 1.5 Billion Investment in Associated Company

Shareholders of Service Global Footwear Limited (PSX: SGF) have authorized the company to make further long-term equity...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

Pakistan to Engage World Bank for $250 Million Additional Financing for CRISP Program

Caretaker Finance Minister Dr Shamshad Akhtar met with the Country Director World Bank for Pakistan Najy Benhassine and...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

IMF Expects Pakistan’s External Financing Needs At $25 Billion for FY24

The International Monetary Fund (IMF) has projected $25.0 billion in external financing needs for Pakistan for fiscal ye...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

Govt to Impose Billions in Taxes On Sugar and Textile Sector

The government under the contingency revenue measures agreed with the International Monetary Fund (IMF) would impose a F...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

Pakistan Assures IMF to Maintain A Market-Determined Exchange Rate

Pakistan has committed a market-determined exchange rate with the International Monetary Fund (IMF). The Memorandum of E...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

Y Combinator-Backed ‘Elevate’ Debuts in Pakistan Offering Alternative to Wise And Payoneer

Founded by members hailing from nations such as Yemen and Algeria and intimately familiar with the challenges faced by P...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

National Foods’ Subsidiary Expands in UAE Market

National Foods Limited announced on Monday that the company’s wholly-owned subsidiary has established a further subsidia...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

Shadow Force Mode Takes Over PUBG MOBILE Maps in Version 3.0 Update

On January 8th, PUBG MOBILE, one of the world’s most popular mobile games, will see the release of its highly-anticipate...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

PKR Appreciates 4th Day in a Row Against US Dollar As Elections Near

The Pakistani rupee posted gains 4th day in a row against the US Dollar today after opening trade at 280 in the interban...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

PM Kakar Summons Special Meeting of Federal Cabinet on FBR Restructuring

The Caretaker Prime Minister Anwarul Haq Kakar has summoned a special meeting of the Federal Cabinet on much much-awaite...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

5 Companies That May Be Listed on PSX This Year

Currently five companies i.e. Emaar Pakistan, CCL, FF Steel, Fast Cables, and International Packaging Films are all expl...

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News Update

22

Jan 2024

Jan 22, 2024 • 5 min read

APTMA Seeks Urgent Implementation of 9 Cent Energy Tariff For Industrial Sector

Further to the government and SIFC’s announcement to remove the cross-subsidy from power tariffs for industrial consumer...

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News Update

19

Jan 2024

Jan 19, 2024 • 5 min read

Govt Again Halts Process For Posting Trade Officers Abroad

The process of posting Trade and Investment Officers (TIOs) at Pakistan’s Trade missions abroad has once again hit a sna...

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News Update

19

Jan 2024

Jan 19, 2024 • 5 min read

Gold Price in Pakistan Rises After 3-Day Losing Streak

The price of gold in Pakistan rose on Friday after three straight declines to settle at Rs. 215,000 per tola. According...

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News Update

19

Jan 2024

Jan 19, 2024 • 5 min read

NEPRA Renews Power Supply & Distribution License of K-Electric

The National Electric Power Regulatory Authority (NEPRA) has renewed the power distribution and supply licenses of K-Ele...

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News Update

19

Jan 2024

Jan 19, 2024 • 5 min read

CDA Issues Stringent Social Media Guidelines for Officers and Employees

In a bid to regulate the online conduct of its officers and employees, the Capital Development Authority (CDA) has imple...

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News Update

19

Jan 2024

Jan 19, 2024 • 5 min read

SBP to Impose New Restrictions on US Dollar Purchase Along With Compulsory Biometric Verification

The State Bank of Pakistan (SBP) has come up with a plan to make biometric verification mandatory for purchasing $500 an...

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News Update

19

Jan 2024

Jan 19, 2024 • 5 min read

Mari Petroleum Successfully Drills Second Ghazij Well in Sindh

Mari Petroleum Company Limited announced on Friday that it has successfully drilled and tested the second appraisal well...

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News Update

19

Jan 2024

Jan 19, 2024 • 5 min read

Pakistan Set to Start Talks with IMF for Final Loan Tranche of $1.1 Billion

Pakistan is set to enter negotiations with the International Monetary Fund (IMF) over the third and final loan tranche o...

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News Update

19

Jan 2024

Jan 19, 2024 • 5 min read

What’s Nadeem Hussain’s Next Big Thing?

Nadeem Hussain left three decades of corporate journey behind for a startup at 49 and invested his own $6 million to ram...

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