News & Updates

News Update

17

Jan 2024

Jan 17, 2024 • 5 min read

Egyptian Business Community Likely to Invest in Pakistan’s Auto, Agriculture Sectors

The Fourth Pakistan-Africa Trade Development Conference (PATDC) and Single Country Exhibition (SCE) concluded in Cairo o...

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News Update

17

Jan 2024

Jan 17, 2024 • 5 min read

Rupee Reverses Losses Against US Dollar

The Pakistani rupee reversed Tuesday’s losses and posted gains against the US Dollar today after opening trade at 280 in...

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News Update

17

Jan 2024

Jan 17, 2024 • 5 min read

Islamabad Issues Loadshedding Schedule

The Islamabad Electric Supply Company (IESCO) has announced a planned load-shedding schedule for Wednesday, January 17,...

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News Update

17

Jan 2024

Jan 17, 2024 • 5 min read

OMCs May Soon Be Able to Set Prices of Kerosene and Light Diesel On Their Own

The federal government has revived efforts to de-regulate kerosene and light diesel oil prices. The Petroleum Division h...

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News Update

17

Jan 2024

Jan 17, 2024 • 5 min read

State Bank Has Failed to Protect Interests of Bank Depositors: Senator Saleem Mandviwalla

The Senate Standing Committee on Finance and Revenue recommended the “State Owned Enterprises (Governance and Operations...

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News Update

17

Jan 2024

Jan 17, 2024 • 5 min read

realme C67: Dominating the Midrange Market with Power-Packed Performance

In a bold move that’s sure to send shockwaves through the smartphone market, realme introduces the realme C67, a device...

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News Update

17

Jan 2024

Jan 17, 2024 • 5 min read

Lucky Cement Calls Off Rs. 3 Billion Investment in Lucky Core Ventures

Lucky Cement Limited (PSX: LUCK) has decided not to pursue the investment of up to Rs. 3 billion for acquiring minority...

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News Update

17

Jan 2024

Jan 17, 2024 • 5 min read

Pakistan Records its Highest-Ever Monthly IT Exports of $303 Million in December 2023

Pakistan’s technology sector recorded exports of $303 million during December 2023, up by 23 percent year-on-year (YoY)...

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News Update

17

Jan 2024

Jan 17, 2024 • 5 min read

Finance Ministry to Release Rs. 30 Billion to PSO This Week

The Finance Ministry has decided to release Rs. 30 billion to the Pakistan State Oil (PSO) this week, well-informed sour...

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News Update

17

Jan 2024

Jan 17, 2024 • 5 min read

Foreign Direct Investment Up by 538% in December 2023

The Foreign Direct Investment (FDI) in the country increased by a staggering 538 percent year-on-year (YoY) to $211 mill...

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News Update

17

Jan 2024

Jan 17, 2024 • 5 min read

Gold Price in Pakistan Records Massive Decrease

The price of gold in Pakistan posted one of the biggest declines in recent weeks as it plummeted by Rs. 2,000 per tola....

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News Update

17

Jan 2024

Jan 17, 2024 • 5 min read

Enter the New Era of Mobile AI with Samsung Galaxy S24 Series

Samsung Electronics Co., Ltd. today unveiled the Galaxy S24 Ultra and Galaxy S24, unleashing new mobile experiences with...

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News Update

17

Jan 2024

Jan 17, 2024 • 5 min read

FIA Registers Case of Illegal Plots Allotment in Islamabad

In a recent development, the Federal Investigation Agency (FIA) has reported significant progress in its investigation o...

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News Update

17

Jan 2024

Jan 17, 2024 • 5 min read

Export Restrictions Fail to Control Onion Prices in the Country

Last week’s jump in the minimum export price (MEP) of onions to $1,200 per ton wasn’t enough to lower costs in the local...

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News Update

17

Jan 2024

Jan 17, 2024 • 5 min read

Japan Announces $3.62 Million Grant to Support Polio Program in Pakistan

The Government of Japan has announced a new $3.62 million grant to procure essential oral polio vaccines as part of its...

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News Update

17

Jan 2024

Jan 17, 2024 • 5 min read

FBR Defers Decision to Block Mobile SIMs, Electricity Connections of Non-Filers

The Federal Board of Revenue (FBR) has deferred its decision to block mobile SIM cards and utility connections of non-fi...

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News Update

17

Jan 2024

Jan 17, 2024 • 5 min read

Pakistan Records Highest Current Account Surplus After 5 Months

The country’s current account posted a surplus of $0.397 billion in December 2023, compared to a deficit of $0.365 billi...

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News Update

17

Jan 2024

Jan 17, 2024 • 5 min read

Pakistan Receives Loan Tranche of $705 Million from IMF

The State Bank of Pakistan (SBP) has received the second tranche of $705.6 million from the International Monetary Fund...

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News Update

17

Jan 2024

Jan 17, 2024 • 5 min read

UAE Rolls Over $2 Billion Loan to Pakistan for One Year

The State Bank of Pakistan (SBP) Wednesday announced that the United Arab Emirates (UAE) has confirmed roll over of its...

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News Update

17

Jan 2024

Jan 17, 2024 • 5 min read

Pakistan Secures Second LNG Cargo from Azerbaijan

Pakistan has successfully procured the second liquefied natural gas (LNG) cargo from the State Oil Company of the Azerba...

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News Update

17

Jan 2024

Jan 17, 2024 • 5 min read

Majid Al Futtaim Integrates Solar Energy in Flagship Carrefour Store in Pakistan to Reduce Carbon Footprint

Majid Al Futtaim, which owns the exclusive rights to operate Carrefour in Pakistan, announces the integration of solar e...

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