News & Updates

News Update

15

Dec 2023

Dec 15, 2023 • 5 min read

Assets of Pakistan’s Insurance Sector Show Remarkable Growth

The total assets of the insurance industry witnessed 14 percent growth, reaching Rs. 2,634 billion in comparison to the...

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News Update

15

Dec 2023

Dec 15, 2023 • 5 min read

Banks Must Increase Outreach and Penetration to Agriculture Sector: SBP Governor

State Bank of Pakistan (SBP) Governor Jameel Ahmad has emphasized the need to strengthen and promote growth in the agric...

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News Update

15

Dec 2023

Dec 15, 2023 • 5 min read

IMF Tells Pakistan to Double Taxes on Salaried Class [Updated]

Update: In a statement to Reuters, the International Monetary Fund (IMF) resident representative in Pakistan has denied...

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News Update

14

Dec 2023

Dec 14, 2023 • 5 min read

foodpanda Collaborates with the World Food Programme for Humanitarian Assistance in Gaza

foodpanda Pakistan, the leading food delivery platform, has announced a partnership with the World Food Programme (WFP)...

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News Update

14

Dec 2023

Dec 14, 2023 • 5 min read

PTCL’s Acquisition of Telenor to Result in Improved Telecom Services: Minister

Caretaker Federal Minister for Information Technology & Telecommunication Dr Umar Saif Thursday met the leadership teams...

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News Update

14

Dec 2023

Dec 14, 2023 • 5 min read

Price of Gold in Pakistan Surges by Nearly Rs. 6,000 Per Tola

After three straight declines earlier in the week, the price of gold in Pakistan rose by almost Rs. 6,000 per tola on Th...

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News Update

14

Dec 2023

Dec 14, 2023 • 5 min read

Confirmed: PTCL Signs a Share Purchase Agreement to Acquire 100% Stake in Telenor Pakistan

Pakistan Telecommunication Company Limited (PTCL), a part of the e& Group (e&), has announced the acquisition of 100 per...

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News Update

14

Dec 2023

Dec 14, 2023 • 5 min read

FBR Takes Major Step to Check Revenue Leakage

The Federal Board of Revenue (FBR) has taken a big step to check revenue leakage by restricting facility of input tax ad...

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News Update

14

Dec 2023

Dec 14, 2023 • 5 min read

Rupee Posts Small Gains Versus US Dollar After Fitch Announcement

The Pakistani rupee rose higher 3rd day in a row against the US Dollar today after opening trade at 283 in the interbank...

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News Update

14

Dec 2023

Dec 14, 2023 • 5 min read

Govt Taking Measures to Improve Capital Market, Insurance Industry: Finance Minister

Regional Vice President of the International Finance Corporation (IFC) for the Middle East, Central Asia, Turkey, Pakist...

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News Update

14

Dec 2023

Dec 14, 2023 • 5 min read

Good News for Arthritis Patients in Pakistan as Searle Allowed to Manufacture Medicine

The Searle Company Limited (PSX: SEARL) has received approval from the Drug Regulatory Authority of Pakistan (DRAP) for...

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News Update

14

Dec 2023

Dec 14, 2023 • 5 min read

Here’s How the World’s Top LNG Traders Cheated Pakistan And Caused An Energy Crisis

Pakistan thought it had secured natural gas to fuel its economy in 2021. However, the world’s top fuel suppliers had oth...

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News Update

14

Dec 2023

Dec 14, 2023 • 5 min read

IELTS One Skill Retake Launched by IDP in Pakistan

Test takers in Pakistan who are preparing to take the world’s most popular English language test, IELTS, can now access...

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News Update

14

Dec 2023

Dec 14, 2023 • 5 min read

Utility Stores Reduce Branded Ghee, Cooking Oil Prices

The Utility Stores Corporation has announced a substantial reduction in the prices of branded ghee and cooking oil acros...

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News Update

14

Dec 2023

Dec 14, 2023 • 5 min read

foodpanda Pakistan Takes Center Stage as the Official E-Commerce Partner of Islamabad United in PSL-9

The most successful franchise in HBL PSL history, Islamabad United; winner of the first and third editions of the tourna...

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News Update

14

Dec 2023

Dec 14, 2023 • 5 min read

SBP Reserves Increase Marginally to Stay Above $7 Billion

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased marginally on a weekly basis according...

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News Update

14

Dec 2023

Dec 14, 2023 • 5 min read

Treet Battery Limited to Make Debut on PSX Tomorrow

Treet Battery Limited (TBL) is set to debut on the Pakistan Stock Exchange Limited (PSX) with effect from December 15, 2...

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News Update

14

Dec 2023

Dec 14, 2023 • 5 min read

PPIB Announces $2 Billion Financial Close of Thar Coal-Fired Plant

The Private Power and Infrastructure Board (PPIB) announced the $2 billion financial close of the Thar coal-fired power...

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News Update

14

Dec 2023

Dec 14, 2023 • 5 min read

FIA Discovers Gas Theft in Islamabad’s Sector D-17

The anti-electricity and gas theft unit of the Federal Investigation Agency (FIA) has discovered illegal gas supply to m...

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News Update

14

Dec 2023

Dec 14, 2023 • 5 min read

Servis Industries Ltd to Demerge Tyre & Tube, Retail Segments

Service Industries Limited (PSX: SRVI) has decided to demerge and transfer its Tyres & Tubes segment along with its manu...

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News Update

14

Dec 2023

Dec 14, 2023 • 5 min read

SadaBiz Lets Freelancers Save in USD and Spend in PKR

In a major boost for Pakistani freelancers navigating the uncertainties of the global gig economy, SadaPay unveiled a re...

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