News Update

12

Jan 2024

Jan 12, 2024 • 5 min read

Weekly Inflation Crosses 44% Due to Higher Gas, Food Prices

The Sensitive Price Indicator (SPI) for the current week ended on January 11, 2024, increased by 44.16 percent on a year...

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News Update

12

Jan 2024

Jan 12, 2024 • 5 min read

Invest2Innovate Launches the i2i Ecosystem Project in Pakistan with Support from Visa Foundation

Invest2Innovate (i2i) is proud to announce the launch of the i2i Ecosystem project with a $500,000 USD commitment from V...

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News Update

12

Jan 2024

Jan 12, 2024 • 5 min read

Car Sales Plunge By 66% in December Due to Inflation, Unaffordable Auto Financing

Pakistan’s car sales clocked in at 5,816 units in December 2023, down 66 percent year-on-year (YoY) compared to 17,012 u...

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News Update

12

Jan 2024

Jan 12, 2024 • 5 min read

Gold Price in Pakistan Rises Slightly Once Again

The price of gold in Pakistan rose slightly for the second consecutive day on Friday to settle at Rs. 216,500 per tola....

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News Update

12

Jan 2024

Jan 12, 2024 • 5 min read

6-Month KIBOR Falls 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 33 bas...

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News Update

12

Jan 2024

Jan 12, 2024 • 5 min read

Govt Imposes Restrictions on Onion Exports as Local Prices Soar

In a bid to curb rising local prices, the Ministry of Commerce has fixed the Minimum Export Price (MEP) of onion with im...

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News Update

11

Jan 2024

Jan 11, 2024 • 5 min read

Billion-Dollar Solution Shared With Senate Panel For PSM Revival

A meeting of the Senate Standing Committee on Industries and Production was held today under the chairmanship of Senator...

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News Update

11

Jan 2024

Jan 11, 2024 • 5 min read

Rupee Up 7th Day in a Row Versus US Dollar But Falls Against British Pound, Euro

The Pakistani rupee rose slightly 7th day in a row against the US Dollar today after opening trade at 281 in the interba...

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News Update

11

Jan 2024

Jan 11, 2024 • 5 min read

Foreign Investment at Stake Due to Political Turmoil Ahead of Elections in Pakistan: World Bank

The World Bank has raised alarm bells by stating that heightened uncertainty due to elections in Pakistan could dampen a...

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News Update

11

Jan 2024

Jan 11, 2024 • 5 min read

Is Army Really Getting Control of Electricity Companies

The Ministry of Energy Thursday clarified that electricity distribution companies (DISCOs) are not being handed over the...

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News Update

11

Jan 2024

Jan 11, 2024 • 5 min read

Commerce Minister Projects Exports to Increase by $20 Billion in 2024

Caretaker Federal Minister for Commerce Gohar Ejaz expects the country’s exports to increase by $20 billion in the calen...

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News Update

11

Jan 2024

Jan 11, 2024 • 5 min read

FBR Gives Deadline to Importers of FMCGs Regarding Electronic Sales Tax Invoices

The Federal Board of Revenue (FBR) has given a deadline of February 1, 2024, to all importers/dealers/ distributors of f...

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News Update

11

Jan 2024

Jan 11, 2024 • 5 min read

President Orders Insurance Firm to Refund Rs. 100,000 With Profit to Misled Citizen

President Dr Arif Alvi has directed EFU Life Assurance Ltd to refund Rs. 100,000 along with profit to a poor lady who ha...

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News Update

11

Jan 2024

Jan 11, 2024 • 5 min read

Nestlé Pakistan Powers Up Green Energy Drive with 2.6 MW Solar Plant in Sheikhupura

Nestlé reaffirms its commitment to Pakistan’s vision for renewable energy by inaugurating a 2.6 MW solar power plant at...

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News Update

11

Jan 2024

Jan 11, 2024 • 5 min read

Ongoing Journey Towards Inclusivity at Sybrid

In a world that is increasingly interconnected, embracing diversity isn’t just a moral imperative; it’s a fundamental as...

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News Update

11

Jan 2024

Jan 11, 2024 • 5 min read

OGDCL, PPL, POL Secure New Exploration Blocks

The Directorate General of Petroleum Concessions (DGPC) has communicated the provisional award of new exploration blocks...

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News Update

11

Jan 2024

Jan 11, 2024 • 5 min read

Pakistan Customs Amends TIR Rules to Make Cross-border Trade More Efficient, Cost-effective

In order to gain Pakistan share in international trade and to ensure quick supply of our produce to regional markets, Pa...

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News Update

11

Jan 2024

Jan 11, 2024 • 5 min read

SBP Reserves Fall by $66 Million to $8.15 Billion

The liquid foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by $66 million on a weekly basis acco...

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News Update

11

Jan 2024

Jan 11, 2024 • 5 min read

FBR Gives Final Deadline for Cement Makers for Implementation of Track and Trace System

The Federal Board of Revenue (FBR) has given a final deadline of April 30, 2024, to cement manufacturers to fully implem...

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News Update

11

Jan 2024

Jan 11, 2024 • 5 min read

Mari Petroleum Discovers Gas in North Waziristan

Mari Petroleum Company Limited (PSX: MARI) has made a gas discovery at the Shewa-2 appraisal-cum-exploratory well, locat...

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News Update

11

Jan 2024

Jan 11, 2024 • 5 min read

Gold Price in Pakistan Posts Minor Increase

The price of gold in Pakistan rose marginally on Thursday to settle at Rs. 216,300 per tola. According to the data relea...

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News & Updates

Weekly Inflation Crosses 44% Due to Higher Gas, Food Prices

Invest2Innovate Launches the i2i Ecosystem Project in Pakistan with Support from Visa Foundation

Car Sales Plunge By 66% in December Due to Inflation, Unaffordable Auto Financing

Gold Price in Pakistan Rises Slightly Once Again

6-Month KIBOR Falls to Lowest Level Since March 2023

Govt Imposes Restrictions on Onion Exports as Local Prices Soar

Billion-Dollar Solution Shared With Senate Panel For PSM Revival

Rupee Up 7th Day in a Row Versus US Dollar But Falls Against British Pound, Euro

Foreign Investment at Stake Due to Political Turmoil Ahead of Elections in Pakistan: World Bank

Is Army Really Getting Control of Electricity Companies

Commerce Minister Projects Exports to Increase by $20 Billion in 2024

FBR Gives Deadline to Importers of FMCGs Regarding Electronic Sales Tax Invoices

President Orders Insurance Firm to Refund Rs. 100,000 With Profit to Misled Citizen

Nestlé Pakistan Powers Up Green Energy Drive with 2.6 MW Solar Plant in Sheikhupura

Ongoing Journey Towards Inclusivity at Sybrid

OGDCL, PPL, POL Secure New Exploration Blocks

Pakistan Customs Amends TIR Rules to Make Cross-border Trade More Efficient, Cost-effective

SBP Reserves Fall by $66 Million to $8.15 Billion

FBR Gives Final Deadline for Cement Makers for Implementation of Track and Trace System

Mari Petroleum Discovers Gas in North Waziristan

Gold Price in Pakistan Posts Minor Increase

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