News & Updates

News Update

17

Jan 2024

Jan 17, 2024 • 5 min read

Non-Filers to Face Strict Action During January: FBR Chairman

Federal Board of Revenue (FBR) Chairman Malik Amjed Zubair Tiwana Wednesday denied that FBR has postponed the exercise o...

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News Update

17

Jan 2024

Jan 17, 2024 • 5 min read

SECP Organizes Workshop for Shariah Scholars

The Securities and Exchange Commission of Pakistan (SECP) conducted an interactive session for Shariah scholars as part...

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News Update

17

Jan 2024

Jan 17, 2024 • 5 min read

Pakistan’s Real Effective Exchange Rate Increases Slightly in December 2023

Pakistan’s Real Effective Exchange Rate (REER) increased by 0.6 percentage points to 98.9 in December 2023. According to...

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News Update

16

Jan 2024

Jan 16, 2024 • 5 min read

Pakistan’s Circular Debt Smashes All Records to Cross Rs. 5.7 Trillion

The power sector circular debt has broken all records to cross Rs. 5.7 trillion as of the end of November 2023. The powe...

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News Update

16

Jan 2024

Jan 16, 2024 • 5 min read

Govt Raises Rs. 158 Billion Through PIBs

The government on Tuesday raised Rs. 158 billion through the auction of fixed-rate Pakistan Investment Bonds (PIBs) agai...

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News Update

16

Jan 2024

Jan 16, 2024 • 5 min read

Telecard Shareholders Approve Sale Of 81.8% Stake in Supernet to Hallmark

The shareholders of Telecard Limited (PSX: TELE) have authorized the company to sell its entire stake of 100.2 million s...

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News Update

16

Jan 2024

Jan 16, 2024 • 5 min read

AdPluto: Pakistan’s First Fully Self-Serve Media Buying Platform Launched

A momentous achievement in Pakistan’s media industry unfolds as a cutting-edge, fully self-serve media buying platform i...

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News Update

16

Jan 2024

Jan 16, 2024 • 5 min read

Transition to a Greener & Sustainable Future: Here’s How K-Electric Leads the Way

In a strategic move to foster competition and embrace sustainability, K-Electric (KE) applied for a non-exclusive distri...

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News Update

16

Jan 2024

Jan 16, 2024 • 5 min read

NPMC Reviews Prices of Essential Commodities as Short-Term Inflation Soars

The Caretaker Minister for Planning Muhammad Sami Saeed on Tuesday chaired a meeting of the National Price Monitoring Co...

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News Update

16

Jan 2024

Jan 16, 2024 • 5 min read

Taj Gasoline Withdraws Bid to Buy 41% Shares of Hascol

Taj Gasoline (Private) Limited has decided not to proceed with the acquisition of Hascol Petroleum Limited (PSX: HASCOL)...

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News Update

16

Jan 2024

Jan 16, 2024 • 5 min read

Electricity Consumers Set to Face Another Huge Price Hike

The Central Power Purchasing Agency (CPPA) has sought a Rs. 5.62 per unit increase in electricity prices in terms of fue...

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News Update

16

Jan 2024

Jan 16, 2024 • 5 min read

Power Sector Reforms in Full Swing to Impress IMF

The Power Division has issued guidelines for the recruitment of professionals at government-run Electricity Distribution...

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News Update

16

Jan 2024

Jan 16, 2024 • 5 min read

FBR Allows Tax Adjustments On Over 700 Items Used By Five Leading Export Sectors

The Federal Board of Revenue (FBR) has excluded a number of items from the negative list and allowed input tax adjustmen...

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News Update

16

Jan 2024

Jan 16, 2024 • 5 min read

KAPCO Submits Bid to Acquire Majority Stake in Tenaga Generasi Ltd

Kot Addu Power Company Limited (PSX: KAPCO) has placed a bid to acquire an equity stake in Tenaga Generasi Limited, whic...

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News Update

16

Jan 2024

Jan 16, 2024 • 5 min read

Jubilee Life Insurance Celebrates Its First Batch of ‘Tech Graduates’

Jubilee Life Insurance, Pakistan’s largest private sector insurance company, hosted a graduation ceremony at Beach Luxur...

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News Update

16

Jan 2024

Jan 16, 2024 • 5 min read

Rupee Abruptly Halts 9-Day Win Streak Versus US Dollar Despite UAE News

The Pakistani rupee broke its 9-day winning streak against the US Dollar today after opening trade at 281 in the interba...

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News Update

16

Jan 2024

Jan 16, 2024 • 5 min read

SECP, UN Women Pakistan to Host Climate Change Symposium Next Week

The Securities and Exchange of Pakistan (SECP), in partnership with UN Women Pakistan, all set to host a symposium on “D...

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News Update

16

Jan 2024

Jan 16, 2024 • 5 min read

Govt Seeks Extension in Completion of World Bank Funded Transmission Modernization Project

The government of Pakistan has sought extensions in completion of National Transmission Modernization I project worth $4...

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News Update

16

Jan 2024

Jan 16, 2024 • 5 min read

UAE Likely to Roll Over $2 Billion Loan to Pakistan This Week

The United Arab Emirates (UAE) is expected to roll over a $2 billion loan to Pakistan for one year, sources in the Minis...

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News Update

16

Jan 2024

Jan 16, 2024 • 5 min read

Meezan Bank, IBA Launch Islamic Finance Talent Program for Fresh Graduates

Meezan Bank, Pakistan’s leading Islamic bank has recently launched Meezan Justuju – a fully funded talent development pr...

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News Update

16

Jan 2024

Jan 16, 2024 • 5 min read

Hubco to Acquire Shares of Sindh Engro Coal Mining Company Limited

The Hub Power Company Limited (PSX: HUBC) has decided to enter into negotiations and execute definitive agreements for t...

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