News & Updates

News Update

18

Dec 2023

Dec 18, 2023 • 5 min read

Official Statement Explains What Happens to Easypaisa After PTCL Purchase

Digital financial services provider Easypaisa has issued a statement following the sale of Telenor Pakistan to PTCL. Eas...

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News Update

18

Dec 2023

Dec 18, 2023 • 5 min read

NODWIN Gaming and Trans Group Announce Key Partnership to Elevate Esports in Pakistan

South Asia’s leading gaming and esports media company, NODWIN Gaming, is thrilled to announce a groundbreaking strategic...

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News Update

18

Dec 2023

Dec 18, 2023 • 5 min read

Pakistan’s Real Effective Exchange Rate Falls Marginally in November 2023

Pakistan’s Real Effective Exchange Rate (REER) declined by 0.3 percentage points to 98.2 in November 2023. According to...

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News Update

18

Dec 2023

Dec 18, 2023 • 5 min read

Foreign Direct Investment Up by 12% in November 2023

The Foreign Direct Investment (FDI) in the country increased by 12 percent year-on-year (YoY) to $131 million in Novembe...

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News Update

18

Dec 2023

Dec 18, 2023 • 5 min read

Sugar Prices Skyrocket, Increasing 83% in Just One Year

The price of sugar has skyrocketed to Rs. 174 per kilogram in Pakistan, up by Rs. 8 in just one week. Since the same per...

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News Update

18

Dec 2023

Dec 18, 2023 • 5 min read

SECP Allows New Scheme For Mutual Funds to Invest in Govt Debt Securities

The Securities and Exchange Commission of Pakistan (SECP) has permitted the “Money Market Schemes” of mutual funds to in...

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News Update

18

Dec 2023

Dec 18, 2023 • 5 min read

Telenor Microfinance Bank & easypaisa Operations Unaffected by Telenor Pakistan Sale

Following recent news regarding Telenor Pakistan, Telenor Microfinance Bank (TMB) and its flagship platform, easypaisa,...

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News Update

18

Dec 2023

Dec 18, 2023 • 5 min read

Faysal Bank Pioneers Braille Inclusive Hiring Forms for PWDs

Faysal Bank Limited (FBL) and Boltay Huroof marked the International Day of Persons with Disabilities (PWDs) by pioneeri...

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News Update

18

Dec 2023

Dec 18, 2023 • 5 min read

Cotton Arrivals Up By 3.5% in 2 Weeks

Cotton arrivals in Pakistan have reached 8 million bales as of December 15th, 2023 as per the latest fortnightly data re...

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News Update

18

Dec 2023

Dec 18, 2023 • 5 min read

Embracing Triumph Over Adversity on Pakistan’s Fifth Kissan Day

In a resounding commemoration of courage and commitment, Pakistan celebrates its fifth Kissan Day as a heartfelt tribute...

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News Update

18

Dec 2023

Dec 18, 2023 • 5 min read

IT Exports Increase By 11% in November 2023

The IT and IT-enabled Services (ITeS) export remittances comprising computer services and call center services increased...

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News Update

18

Dec 2023

Dec 18, 2023 • 5 min read

FBR Fixes New Customs Values on Import of Rice Color Sorting Machines

The Directorate General of Customs Valuation, Karachi has declared that the compressor plants and reconditioned plants a...

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News Update

18

Dec 2023

Dec 18, 2023 • 5 min read

Millat Energy Group Wants to Acquire Hascol Petroleum

Hascol Petroleum Limited (PSX: HASCOL) has invited Millat Global Holdings to conduct due diligence for the potential acq...

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News Update

18

Dec 2023

Dec 18, 2023 • 5 min read

Price of Gold in Pakistan Increases Marginally

The price of gold in Pakistan increased on Monday to settle at Rs. 217,200 per tola. According to the data released by t...

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News Update

18

Dec 2023

Dec 18, 2023 • 5 min read

U Bank Empowering a Sustainable Tomorrow with PKR 1.85 Billion Disbursed in Solar Financing

Media coverage over the past few months has largely been focused on the recent record-breaking inflation levels in Pakis...

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News Update

18

Dec 2023

Dec 18, 2023 • 5 min read

Rupee Gains Further Ground 5th Day in a Row Against US Dollar

The Pakistani rupee gained further ground 5th day in a row against the US Dollar today after opening trade at 281 in the...

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News Update

18

Dec 2023

Dec 18, 2023 • 5 min read

Jazz Successfully Tests 1.6Tbps Per Channel Technology on Its Optical Network

Jazz, Pakistan’s leading digital operator, has successfully tested its optical fiber network, which reached a remarkable...

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News Update

15

Dec 2023

Dec 15, 2023 • 5 min read

FBR Constitutes Teams For Monitoring Activities Under Track and Trace System

The Federal Board of Revenue (FBR) has constituted seven teams across the country regarding enforcement and monitoring a...

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News Update

15

Dec 2023

Dec 15, 2023 • 5 min read

Govt Cuts Price of Petrol by Rs. 14 Per Liter, Diesel Down Rs. 13.50

In a slight relief for inflation-stricken masses, the federal government has announced a cut in the prices of petroleum...

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News Update

15

Dec 2023

Dec 15, 2023 • 5 min read

Bank Alfalah Joins Forces with IFC to Embark on Its Green Banking Journey

Bank Alfalah, a leading commercial bank in Pakistan and the International Finance Corporation (IFC) formalised a Green B...

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News Update

15

Dec 2023

Dec 15, 2023 • 5 min read

LUMS Energy Institute Launches Report on Energy-Efficient Buildings

In a milestone event, the LUMS Energy Institute (LEI), a research and capacity building centre with a focus on Pakistan’...

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