News & Updates

News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

Govt Raises Rs. 397 Billion Through PIBs

The government on Wednesday raised Rs. 397 billion through the auction of fixed-rate Pakistan Investment Bonds (PIBs) ag...

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News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

Power Generation Down Despite 13% Decrease in Fuel Cost

Power generation in the country went up by 1.8 percent YoY to 61,258 gigawatts per hour (GWh) in 5MFY24, while it was do...

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News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

Govt Borrowing From Banks Up 7 Times Than Last Year

The government has borrowed Rs. 3.58 trillion just from banks during the first five months (July-November) of 2023-24 (F...

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News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

Pakistan, Iran Agree to Resolve Issues Hindering Barter Trade

Ambassador of Iran to Pakistan Dr Reza Amiri Moghaddam called on Federal Board of Revenue (FBR) Chairman Malik Amjed Zub...

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News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

ECC Approves Release of Rs. 57 Billion Advanced Subsidy for Payment of K-Electric Arrears

The Economic Coordination Committee (ECC) of the Cabinet Wednesday approved Rs. 57 billion advanced subsidy for payment...

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News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

NEPRA Dismisses Objections Raised By Power Division On Its Overbilling Report

The National Electric Power Regulatory Authority (NEPRA) dismissed the Power Division’s grievances about its overbilling...

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News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

Rupee Up 7th Day in a Row Against US Dollar

The Pakistani rupee went higher 7th day in a row against the US Dollar today after opening trade at 281 in the interbank...

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News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

SECP Warns Public Against Investing in Fraudulent Prime Zone

The Securities and Exchange Commission of Pakistan (SECP) on Wednesday said that it has observed that Prime Zone and its...

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News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

Etihad Town Phase II Hosts Lahore’s Largest Two-Day Event ETC

Under the auspices of renowned town developer Etihad Town, the Etihad Town Phase II organized a two-day vibrant carnival...

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News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

Daraz and Visa Partner to Launch First E-Commerce Co-Branded Cards for Pakistan

In a ground-breaking move, Daraz, Pakistan’s leading e-commerce platform has teamed up with global payments technology c...

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News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

Costa Coffee is Now Brewing in Gulberg, Lahore!

Gerry’s Group, the distinguished master franchisee of Costa Coffee in Pakistan, is set to elevate the coffee experience...

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News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

More Austerity On the Cards As Govt Seeks to Cut Expenses

New austerity measures for the current fiscal year 2023-24 are currently being submitted to the Prime Minister for appro...

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News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

Power Distribution Companies Seek Rs. 4.6 Per Unit Tariff Hike For January Bills

The federal government is likely to raise the power tariff by up to Rs. 4.66 per unit for collection in January 2024 bil...

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News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

PSX to Remain Closed on December 25

The Pakistan Stock Exchange (PSX) will remain closed on December 25 on the occasion of Quaid-e-Azam day/Christmas. “All...

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News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

The Bakery of Royals: Tehzeeb Opens New Outlet on Lahore’s M.M Alam Road

Tehzeeb Bakers is now open to all customers in the capital of Punjab – Lahore, at M.M Alam Road. The entire City is buzz...

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News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

President Alvi Empowers FTO to Take Suo Motu Action Against FBR Malpractice

President Arif Alvi has declared that the Federal Tax Ombudsman (FTO) is fully authorized to initiate a Suo Motu Investi...

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News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

Bank Alfalah Launches Pakistan’s First Digital Payments Sales and Service Centers Focusing on Merchants and Small Businesses

Bank Alfalah, one of the leading commercial and digital banks, inaugurated Pakistan’s first Digital Payments Sales and S...

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News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

NEPRA Approves Rs. 1.15 Per Unit Increase in Electricity Tariff

The National Electric Power Regulatory Authority (NEPRA) has approved an increase of Rs. 1.15 per unit on requests filed...

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News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

World Bank Board Approves $350 Million RISE-II Project For Pakistan

The World Bank’s Board of Executive Directors approved $350 million in financing for the Second Resilient Institutions f...

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News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

Energy Minister Reveals Number of Consumers Who Were Overbilled, Rejecting NEPRA’s Report

The National Electric Power Regulatory Authority (NEPRA) and the Ministry of Energy are at each other’s throats amid the...

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News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

Price of Gold in Pakistan Increases Again

The price of gold in Pakistan posted its third straight increase during the current week to settle at Rs. 218,500 per to...

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