News & Updates

Here’s Why Onion Prices Have Doubled in the Past 30 Days

Onion is just not an important vegetable for daily use, it has also become a critical export for Pakistan in recent year...

Assets of Non-Banking Finance Companies Surged by Rs. 76 Billion in FY23: SECP

The Non-Banking Finance sector (NBFC) is one of the major sections of the overall financial markets and infrastructure o...

LDA Discovers Big Scam in Transfer of Property in Lahore

A recent investigation has uncovered a fraudulent scheme within the Lahore Development Authority (LDA), involving the ma...

Finance Ministry Promises IMF to Increase Foreign Exchange Reserves and Investments

The Ministry of Finance has given assurances to the International Monetary Fund (IMF) outlining its fiscal roadmap for t...

Utility Stores Likely to Cut Sugar Prices By Up to Rs. 15 Per Kg

The Utility Stores Corporation (USC) has decided to reduce the price of sugar, bringing a wave of delight to consumers....

SECP Notifies Adoption of IFRS 17 For Firms Engaged in Insurance, Takaful Business

The Securities and Exchange Commission of Pakistan (SECP) has notified the adoption of the International Financial Repor...

SECP Took Action Against 83 Companies Over Anti-Money Laundering Violations in FY23

The Securities and Exchange Commission of Pakistan (SECP) has issued 83 orders against the companies which committed dif...

Exporters Urge Govt to Give Big Discount On Electricity Charges

Pakistan’s export industry has asked the government to reduce wheeling charges (standard tariff charges) for using the n...

Rupee Posts Marginal Gains Against US Dollar

The Pakistani rupee appreciated 8th day in a row against the US Dollar today after opening trade at 284 in the interbank...

British Council Leads the Way in Embracing New Trends in English Language Teaching (ELT)

In a ground-breaking initiative, the British Council in Pakistan hosted an event to delve into the future landscape of E...

Fatima Fertilizer’s “Salam Kissan” Campaign Wins the Prestigious DRUM Award 2023 in London

Fatima Fertilizer, a leading name in the fertilizer industry, has once again garnered international acclaim with its gro...

Punjab Irrigation Department Hikes Water Rates 5 Times Higher

LDA Destroys Seven Illegal Housing Societies in Lahore

The Lahore Development Authority (LDA) during its ongoing operation against illegal housing societies destroyed the infr...

Finance Ministry Rejects Proposal to Hand Over Loss Making DISCOs to Pakistan Army

The Ministry of Finance has objected to the Power Division’s proposal to set up Performance Management Units (PMUs) at u...

PSO to Sell 30% Stake in PRL to Chinese Firm For $1.5 Billion

Pakistan State Oil (PSO) has decided to sell a 30 percent stake in Pakistan Refinery Limited (PRL) to a Chinese company...

IMF-FBR Talks Conclude With More Tax Revenue in Focus

The technical teams of the Federal Board of Revenue (FBR) and the International Monetary Fund (IMF) have successfully co...

Govt Holds Inaugural Meeting of Industrial Advisory Council

The Ministry of Industries and Production is pleased to announce the inaugural meeting of the Industrial Advisory Counci...

CCP Approves Merger of First UDL Modaraba and UDL International Limited

The Competition Commission of Pakistan (CCP) has granted approval for the merger of a listed company, First UDL Modaraba...

PSX in 2023: Bad Year For IPOs But Good For Stocks

Pakistan market (PSX) saw just one initial public offering (IPO) in 2023, with a meager Rs. 435 million raised. This is...

FBR Fixes New Customs Value On Import of PVC Stabilizer

The Directorate General of Customs Valuation Karachi has fixed $1.70 per kg as the new customs value for the import of P...

SBP Rolls Out Much-Awaited Raast P2M Service

State Bank of Pakistan has issued instructions to its Regulated Entities (REs) for enabling RAAST Person-to-Merchant (P2...