News & Updates

News Update

22

Dec 2023

Dec 22, 2023 • 5 min read

Millat Tractors Temporarily Halts Production in Pakistan

Millat Tractors Limited (PSX: MTL) will keep its production operations closed from 26 December to 29 December 2023, the...

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News Update

22

Dec 2023

Dec 22, 2023 • 5 min read

Cabinet Approves Setting up Privatization Appellate Tribunal

The caretaker federal cabinet has approved the establishment of a Privatization Appellate Tribunal. This decision aims t...

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News Update

22

Dec 2023

Dec 22, 2023 • 5 min read

Rupee Gains 9th Day in a Row Against US Dollar to End the Week

The Pakistani rupee closed the week with more gains 9th day in a row against the US Dollar today after opening trade at...

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News Update

22

Dec 2023

Dec 22, 2023 • 5 min read

Weekly Inflation Stays Above 40% for 6th Straight Week Due to Costly Gas

The Sensitive Price Index (SPI)-based inflation for the week ended December 21, 2023, increased by 42.60 percent on a ye...

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News Update

22

Dec 2023

Dec 22, 2023 • 5 min read

PSO’s Receivables Spike Above Rs. 800 Billion

The receivables of Pakistan State Oil have crossed Rs. 800 billion. Overall receivables stood at a staggering Rs. 802 bi...

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News Update

22

Dec 2023

Dec 22, 2023 • 5 min read

Meezan Bank and PAFLA to Launch Special Banking Services for Freelancers

Meezan Bank, Pakistan’s leading Islamic bank, has signed a Memorandum of Understanding (MoU) with Pakistan Freelancers A...

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News Update

22

Dec 2023

Dec 22, 2023 • 5 min read

PIA’s Survival Hangs in the Balance As Banks Set Tough Conditions For Rs. 15 Billion Loan

The federal government has rejected the strict terms of commercial banks for a new Rs. 15 billion loan to Pakistan Inter...

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News Update

22

Dec 2023

Dec 22, 2023 • 5 min read

Pakistan Imports Tea Worth Rs. 80 Billion in Just 5 Months

Pakistan witnessed a 44.6 percent year-on-year (YoY) increase in tea imports, clocking in at Rs. 79.81 billion during Ju...

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News Update

22

Dec 2023

Dec 22, 2023 • 5 min read

FGEHA to Auction 19 Prime Plots in Islamabad’s G-13 and G-14 Sectors

The Federal Government Employees Housing Authority (FGEHA) has given approval for the auction of 19 commercial plots loc...

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News Update

22

Dec 2023

Dec 22, 2023 • 5 min read

Govt Increases RLNG Prices for Sui Companies for December 2023

The Oil and Gas Regulatory Authority (OGRA) on Friday notified prices of re-gasified liquefied natural gas (RLNG) for bo...

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News Update

22

Dec 2023

Dec 22, 2023 • 5 min read

Pakistan’s Food Exports Surge by 37% During 5 Months Of FY24

Pakistan’s Food Exports have crossed $2.64 billion during the first five months of FY2023-24, up 37 percent year-on-year...

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News Update

22

Dec 2023

Dec 22, 2023 • 5 min read

Avanceon Ltd to Transfer Shares in Empiric AI to Octopus Digital Ltd

Avanceon Limited’s shareholders Friday resolved to transfer the entire 47,500,000 ordinary shares of its wholly owned su...

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News Update

22

Dec 2023

Dec 22, 2023 • 5 min read

Govt Removes Power Secretary Rashid Mahmood Langrial

The federal government has removed Power Secretary Rashid Mahmood Langrial with immediate effect. Asad Rehman Gilani, a...

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News Update

22

Dec 2023

Dec 22, 2023 • 5 min read

Buch International Hospital Awarded as ‘Hospital of the Year – Pakistan’ in the Prestigious Healthcare Asia Awards 2023

In the ever-evolving landscape of healthcare, recognition of excellence is a testament to an institution’s commitment to...

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News Update

22

Dec 2023

Dec 22, 2023 • 5 min read

Price of Gold in Pakistan Posts Big Increase as International Prices Rise

After a slight drop a day earlier, the price of gold in Pakistan posted an increase of Rs. 1,800 per tola on Friday. Acc...

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News Update

22

Dec 2023

Dec 22, 2023 • 5 min read

FBR Directs SWAPS Agents to Integrate Fiscal Electronic Devices

The Federal Board of Revenue (FBR) has directed the “SWAPS Agents” (withholding tax agents) to install and integrate fis...

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News Update

22

Dec 2023

Dec 22, 2023 • 5 min read

inDrive Celebrates “Champions of Karachi” Event: Empowering Drivers and Embracing Sustainability

inDrive, the leading ride-hailing platform known for its unique rider-driven pricing model, hosted its first-ever “Champ...

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News Update

22

Dec 2023

Dec 22, 2023 • 5 min read

FBR Revises Customs Value On Import of Cashew Nuts

Directorate General of Customs Valuation, Karachi has revised customs values on the import of Cashew Nuts/Kaju from Viet...

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News Update

21

Dec 2023

Dec 21, 2023 • 5 min read

Govt’s Involvement In Economy One of the Biggest Reasons For Poor GDP Growth: PIDE Study

Extensive government involvement in the national economy is one of the biggest reasons for poor GDP growth in Pakistan,...

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News Update

21

Dec 2023

Dec 21, 2023 • 5 min read

Sehat Kahani Raises $2.7 Million in Series A Funding

Sehat Kahani, a health-tech startup, has successfully raised $2.7 million in a Series A funding round. The funding was l...

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News Update

21

Dec 2023

Dec 21, 2023 • 5 min read

Price of Gold in Pakistan Falls After Multiple Increases

After three consecutive increases earlier in the week, the price of gold in Pakistan fell by Rs. 500 per tola on Thursda...

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