News & Updates

News Update

28

Dec 2023

Dec 28, 2023 • 5 min read

TPL REIT Fund I Completes First Funding Round

TPL REIT Fund I (Fund) managed by TPL REIT Management Company Limited (TPL RMC) has successfully completed its first fun...

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News Update

28

Dec 2023

Dec 28, 2023 • 5 min read

SBP Reserves Increase by Over $850 Million to Cross $7.7 Billion

The foreign exchange reserves held by the State Bank of Pakistan (SBP) soared by over $850 million on a weekly basis acc...

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News Update

28

Dec 2023

Dec 28, 2023 • 5 min read

PIA Privatization Plans Face Setbacks

National Privatization Commission’s plan to privatize Pakistan International Airlines (PIA) by January next year has enc...

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News Update

28

Dec 2023

Dec 28, 2023 • 5 min read

Price of Gold in Pakistan Posts Huge Increase

The price of gold in Pakistan rose significantly on Thursday to settle at Rs. 222,800 per tola. According to the data re...

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News Update

28

Dec 2023

Dec 28, 2023 • 5 min read

Ufone 4G & Huawei Deploy First-Ever Microwave Super Hub for Superior Spectrum Efficiency

In a groundbreaking collaboration, Ufone 4G and Huawei have unveiled commercial deployment of world’s first Microwave Su...

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News Update

28

Dec 2023

Dec 28, 2023 • 5 min read

The Tale of Electric Supply Industry’s Coming Full Circle

Written by Dr. Shahid Rahim A century-and-a-half back when the electric supply industry (ESI) started, it was small, iso...

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News Update

27

Dec 2023

Dec 27, 2023 • 5 min read

Rupee Rises 11th Day in a Row Versus US Dollar

The Pakistani rupee gained further ground 11th day in a row against the US Dollar today after opening trade at 283 in th...

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News Update

27

Dec 2023

Dec 27, 2023 • 5 min read

SmartNet Private Limited Forges Long-Term Fiber Lease Agreement with One Network and Cybernet in Consortium

SmartNet Private Limited, the distinguished technology arm of Capital Smart City and a key entity within the esteemed HR...

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News Update

27

Dec 2023

Dec 27, 2023 • 5 min read

You Thought 2023 Was Bad for Rupee, New Report Suggests 2024 Will be Even Worse

The Pakistani Rupee (PKR) has been under pressure for the last 7 years. In 2023, PKR fell 20 percent against US$ despite...

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News Update

27

Dec 2023

Dec 27, 2023 • 5 min read

Software Development Vs. Off-the-Shelf Software: Which is Right for Your Business?

Have you ever stood before a clothes rack, wondering whether to invest in a tailor-made suit or grab something off the s...

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News Update

27

Dec 2023

Dec 27, 2023 • 5 min read

Sui Gas to Stop Supply in Some Areas of Karachi Today

The Sui Southern Gas Company (SSGC) has announced that gas supply in specific areas of Karachi will be disrupted due to...

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News Update

27

Dec 2023

Dec 27, 2023 • 5 min read

Pakistani Refineries Don’t Want Russian Crude Oil Anymore

Local refineries are hesitant to import Russian crude oil since global prices for furnace oil have plummeted. The refine...

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News Update

27

Dec 2023

Dec 27, 2023 • 5 min read

Power Cement Achieves a Milestone: Pioneering Entry into the European Market

Power Cement, a leading name in the cement industry, marks a significant milestone as it successfully enters the Europea...

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News Update

27

Dec 2023

Dec 27, 2023 • 5 min read

Commerce Minister Chairs Key Meeting As Port Qasim SEZ Ready For Investors

Minister of Commerce, Dr. Gohar Ejaz, chaired a meeting today at the Ministry of Commerce to assess the current status o...

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News Update

27

Dec 2023

Dec 27, 2023 • 5 min read

Govt Sees Inflation At Moderate Level For the Remaining Months of FY24

The Finance Division expects inflation at a moderate level for the remaining months of FY2024 despite the upward revisio...

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News Update

27

Dec 2023

Dec 27, 2023 • 5 min read

FBR’s Active Taxpayers List Hits Record 5.3 Million Filers

The Federal Board of Revenue’s (FBR) list of income tax active taxpayers (ATL) now stood at a record number of 5.3 milli...

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News Update

27

Dec 2023

Dec 27, 2023 • 5 min read

FBR Tax Offices to Observe Extended Hours This Week

The Federal Board of Revenue (FBR) has announced that all Inland Revenue field formations shall remain open and observe...

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News Update

27

Dec 2023

Dec 27, 2023 • 5 min read

Only 9.5% of 8.2 Million Farmers in Pakistan Are Insured Against Disaster Risk: SECP

Out of the total population of farmers of 8.2 million, only 9.5 percent of the farmers are insured against disaster risk...

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News Update

27

Dec 2023

Dec 27, 2023 • 5 min read

Gold Price in Pakistan Registers Big Increase

The price of gold in Pakistan posted an increase of Rs. 1,000 per tola on Wednesday. According to the data released by t...

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News Update

27

Dec 2023

Dec 27, 2023 • 5 min read

STZA Board of Governors Meeting Reconvenes Today After 2-Year Hiatus

The Special Technology Zones Authority (STZA) Board of Governors meeting is set to convene today after nearly two years...

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News Update

27

Dec 2023

Dec 27, 2023 • 5 min read

Pakistan’s Wheat Tender Sees No Bids Due to Unattractive Terms

European traders have reported that no price offers were submitted in response to Pakistan’s tender on Wednesday for the...

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