News & Updates

News Update

21

Dec 2023

Dec 21, 2023 • 5 min read

Here’s the Reason Why Pakistan is Losing Millions of Dollars by Exporting Meat to UAE

Pakistan is bearing a loss of $1.5 million per month due to the non-inclusion of actual freight charges in the export of...

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News Update

21

Dec 2023

Dec 21, 2023 • 5 min read

SBP Reserves Hit 5-Month Low, Fall Below $7 Billion

The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $136 million on a weekly basis accor...

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News Update

21

Dec 2023

Dec 21, 2023 • 5 min read

Pakistan’s Petroleum Imports Slump 16% in 5 Months of FY24

Petroleum group imports witnessed a negative growth of 16.19 percent during the first five months (July-November) of the...

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News Update

21

Dec 2023

Dec 21, 2023 • 5 min read

Customs Intelligence Seeks Details On Indian Yarn Buyers From Importers 

Customs Intelligence Karachi has directed seven textile-related business entities to share buyers’ details of Indian-ori...

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News Update

21

Dec 2023

Dec 21, 2023 • 5 min read

Here’s How to Identify Fake Rs. 5,000 Currency Notes

The State Bank of Pakistan (SBP) shared a detailed explainer video on how to identify a fake Rs. 5,000 note a day after...

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News Update

21

Dec 2023

Dec 21, 2023 • 5 min read

Unveiling Financial Horizons: Bank Alfalah Holds Panel Discussion on Market Outlook

Recently, I had the honour of moderating a remarkable event hosted by Bank Alfalah Premier at the Serena Hotel. The even...

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News Update

21

Dec 2023

Dec 21, 2023 • 5 min read

Utility Stores Suspends Employee Transfers, Appointments Ahead of General Elections

In compliance with the directives of the Election Commission of Pakistan (ECP) and in anticipation of the upcoming Gener...

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News Update

21

Dec 2023

Dec 21, 2023 • 5 min read

PM Allocates Business of BOI to Commerce Minister

Federal Minister for Commerce, Industries, and Production Gohar Ejaz has been allocated the business of the Board of Inv...

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News Update

21

Dec 2023

Dec 21, 2023 • 5 min read

Banks to Remain Closed for 3 Consecutive Days

The State Bank of Pakistan (SBP) announced that it will remain closed on Monday, 25 December 2023, on account of Quaid-e...

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News Update

21

Dec 2023

Dec 21, 2023 • 5 min read

Gamer’s Paradise Unveiled: Infinix HOT 40 Series, Powered by MediaTek Helio G99, Hits Shelves Nationwide

Infinix, Pakistan’s No. 1 selling smartphone brand, announces the nationwide availability of the much-anticipated gaming...

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News Update

21

Dec 2023

Dec 21, 2023 • 5 min read

APTMA Calls for Tariff Rationalization to Prevent Further Economic Deterioration

The All Pakistan Textile Mills Association (APTMA) has expressed deep concern over the “absolutely dismal state of the p...

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News Update

21

Dec 2023

Dec 21, 2023 • 5 min read

Attock Refinery Resumes Normal Operations After Brief Hiatus

Attock Refinery Limited (PSX: ATRL) has resumed normal operations a little over a week after it closed two of its crude...

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News Update

21

Dec 2023

Dec 21, 2023 • 5 min read

Pakistan Sets Sight on $10 Billion Rice Exports By 2028

The rice industry aims to achieve a significant boost in exports, targeting exports of $10 billion by 2028. This surge i...

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News Update

21

Dec 2023

Dec 21, 2023 • 5 min read

Pakistan’s Mobile Phone Imports Cross Rs. 177 Billion in 5 Months of FY24

Pakistan’s mobile phone imports during the first five months of the current fiscal year i.e. July-November FY24 stood at...

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News Update

21

Dec 2023

Dec 21, 2023 • 5 min read

EXIM Bank Launch Will Help Boost Export Industry: Finance Minister

Caretaker Finance Minister Dr. Shamshad Akhtar congratulated the management on the launch of EXIM Bank in Pakistan and s...

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News Update

21

Dec 2023

Dec 21, 2023 • 5 min read

FBR Sets Up Committee for Launch of Single Portal for Sales Tax Return of Telecom Sector

The Federal Board of Revenue (FBR) has constituted a single portal committee for operationalize arrangements required fo...

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News Update

21

Dec 2023

Dec 21, 2023 • 5 min read

Bank Makramah Ltd Appoints Abdulla Nasser Abdulla Hussain Lootah As Chairman Board of Directors

Bank Makramah Limited (PSX: BML) has appointed Abdulla Nasser Abdulla Hussain Lootah as Chairman of the Board of Directo...

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News Update

21

Dec 2023

Dec 21, 2023 • 5 min read

Rupee Gains More Ground 8th Day in a Row Versus US Dollar

The Pakistani rupee went higher 8th day in a row against the US Dollar today after opening trade at 280 in the interbank...

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News Update

21

Dec 2023

Dec 21, 2023 • 5 min read

Here’s What Happened in Pakistan’s Banking Sector in 2023

The banking sector in Pakistan maintained robust growth in profitability during 2023, including growth in assets and dep...

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News Update

21

Dec 2023

Dec 21, 2023 • 5 min read

Pakistan’s Textile Exports Fall by 7% to 1.32 Billion in November 2023

The country’s textile group exports declined by around 6.50 percent during the first five months (July-November) of the...

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News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

Telecard to Sell Entire Shareholding in Supernet to Hallmark

Telecard Limited has decided to sell its entire shareholding in Supernet Limited to Hallmark, the company informed the P...

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