News & Updates

News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

Profit Rates On National Savings Schemes Decreased

The government has decreased the rates of profit on national savings certificates and schemes by up to 160 bps. The prof...

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News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

Ministry of Commerce Resumes Process For Posting Trade Officers Abroad

The Ministry of Commerce has resumed the process of appointing new trade officers abroad. Sources told ProPakistani that...

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News Update

20

Dec 2023

Dec 20, 2023 • 5 min read

ADB Rates Pakistan’s Provincial Strategy for Urban Growth Project As Successful

The Independent Evaluation Department (IED) of the Asian Development Bank (ADB) has rated the “Pakistan: Provincial Stra...

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News Update

19

Dec 2023

Dec 19, 2023 • 5 min read

State Bank Fails to Satisfy Panel in Rs. 70 Billion Money Laundering Scandal

The State Bank of Pakistan (SBP) on Tuesday failed to convince the Senate Standing Committee on Finance regarding an unr...

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News Update

19

Dec 2023

Dec 19, 2023 • 5 min read

Abu Bakar Naveed Ranjha: Steering MNR through Tradition and Innovation

In the evolving landscape of global fashion, the integration of traditional craftsmanship with contemporary design is a...

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News Update

19

Dec 2023

Dec 19, 2023 • 5 min read

ECC to Take up Plan for Clearing Payables of Govt Owned Power Plants

The Ministry of Energy has proposed the Economic Coordination Committee to approve Rs. 262 billion payables to governmen...

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News Update

19

Dec 2023

Dec 19, 2023 • 5 min read

Faysal Bank and Pakzon Electric Motors Forge Green Financing Partnership

Faysal Bank Limited (FBL) and Pakzon Electric Motors Pvt Limited formalized a strategic alliance through the signing of...

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News Update

19

Dec 2023

Dec 19, 2023 • 5 min read

SBP Allows TPL Corp and ABHI to Explore Potential Deal For FINCA Microfinance Bank

The State Bank of Pakistan (SBP) has allowed TPL Corp Limited (PSX: TPL) and Abhi (Private) Limited to explore a potenti...

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News Update

19

Dec 2023

Dec 19, 2023 • 5 min read

PSX Crashes By Over 2,300 Points As Red Sea Unrest Rattles Investors [Updated]

Bears wrecked the Pakistan Stock Exchange (PSX) today, with the benchmark KSE-100 index losing over 2,300 points in intr...

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News Update

19

Dec 2023

Dec 19, 2023 • 5 min read

PBA Develops Shared e-KYC Platform for Banks and Other Financial Institutions

Pakistan Banks Association (PBA), under the guidance of the State Bank of Pakistan (SBP), has undertaken the development...

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News Update

19

Dec 2023

Dec 19, 2023 • 5 min read

Finance Ministry to Release Rs. 130 Billion For Power Generation Companies This Week

The Ministry of Finance has decided to release Rs. 130 billion to government power plants this week. The allocated funds...

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News Update

19

Dec 2023

Dec 19, 2023 • 5 min read

Bank Financing for Cars Plunges for 17th Straight Month

Auto-financing plunged 17th consecutive month in November 2023, with the total car loan amount falling by 2.6 percent mo...

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News Update

19

Dec 2023

Dec 19, 2023 • 5 min read

Pakistan Takes Foreign LNG Supplier to Court For Breaching Contract

Pakistan has sued a foreign company for defaulting on its 5-year liquefied natural gas (LNG) agreement, resulting in mil...

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News Update

19

Dec 2023

Dec 19, 2023 • 5 min read

Story of How Pakistan Became World’s 5th Biggest Sesame Exporter

Pakistan recently became the 5th largest exporter of Sesame seeds in the world, with the commodity’s exports clocking in...

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News Update

19

Dec 2023

Dec 19, 2023 • 5 min read

ECC Likely to Approve Increase in Minimum Indicative Prices for Tobacco Crop 2024

The Economic Coordination Committee (ECC) of the Cabinet is likely to approve notification of an increase in minimum ind...

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News Update

19

Dec 2023

Dec 19, 2023 • 5 min read

Foreign Loans Decline by 51% in November 2023

Pakistan borrowed $4.285 billion from multiple financing sources during the first five months (July-November) of the cur...

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News Update

19

Dec 2023

Dec 19, 2023 • 5 min read

Punjab Govt Appoints Focal Person to Resolve Disputes Between Telcos and Land Owners

In a significant development, the Government of Punjab has addressed a long-standing demand of telecom operators by appo...

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News Update

19

Dec 2023

Dec 19, 2023 • 5 min read

Egg Prices Soar to Record High in Islamabad

Egg prices have spiked to Rs. 430 per dozen in Islamabad, significantly surpassing the official rate of Rs. 360 per doze...

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News Update

19

Dec 2023

Dec 19, 2023 • 5 min read

Rupee Appreciates 6th Day in a Row Against US Dollar

The Pakistani rupee gained further ground 6th day in a row against the US Dollar today after opening trade at 282 in the...

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News Update

19

Dec 2023

Dec 19, 2023 • 5 min read

World Bank Sees Major Drop in Remittances to Pakistan Next Year

The World Bank has projected a drop in remittance flows to Pakistan to $24 billion in 2023 and a further drop below $22...

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News Update

19

Dec 2023

Dec 19, 2023 • 5 min read

Pakistan’s Starts Export of Dried Chillies to China

The caretaker Federal Minister of Commerce and Industries Dr Gohar Ejaz Tuesday announced a significant breakthrough in...

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