News & Updates

News Update

06

Dec 2023

Dec 06, 2023 • 5 min read

Oil Prices Fall by 2.5% Over Demand Worries

International oil prices fell by over 2.5 percent on Wednesday over a bigger-than-expected increase in US gasoline inven...

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News Update

06

Dec 2023

Dec 06, 2023 • 5 min read

We’re Not NASA: Pakistan Aircraft Owners and Operators Slam Govt’s Aviation Policy 2023

The Aircraft Owners and Operators Association of Pakistan (AOOA) criticized the double increase in security deposits and...

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News Update

06

Dec 2023

Dec 06, 2023 • 5 min read

Senate Body Directs to Resolve Issue of Land Acquisition for Key Railway Track in Gwadar Within 15 Days

The Senate Standing Committee on Maritime Affairs deliberated on the acquisition of the remaining land for the railway t...

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News Update

06

Dec 2023

Dec 06, 2023 • 5 min read

Pakistan’s IT Delegation Returns After Successful Visit to Qatar

The IT delegation led by Caretaker Minister for IT and Telecom Dr Umar Saif has returned to Pakistan after a successful...

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News Update

06

Dec 2023

Dec 06, 2023 • 5 min read

FBR Revises Customs Values On Import of Hot Melt Adhesive Glue

The Directorate General of Customs Valuation Karachi has revised customs values on the import of Hot Melt Adhesive Glue...

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News Update

06

Dec 2023

Dec 06, 2023 • 5 min read

U Microfinance Bank Posted a Net Profit of 1.7bn for the Nine Months Ended 30th September 2023

U Microfinance Bank Limited, Pakistan’s fastest-growing microfinance bank, has announced financial results for the nine...

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News Update

06

Dec 2023

Dec 06, 2023 • 5 min read

Rupee Appreciates 7th Day in a Row Versus US Dollar

The Pakistani rupee appreciated 7th day in a row against the US Dollar today after opening trade at 283 in the interbank...

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News Update

06

Dec 2023

Dec 06, 2023 • 5 min read

Price of Gold in Pakistan Falls by Rs. 5,500 Per Tola in Just Two Days

The price of gold in Pakistan fell again on Wednesday, taking the two day losses to Rs. 5,500 per tola. According to the...

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News Update

05

Dec 2023

Dec 05, 2023 • 5 min read

Govt to Revise Payment Mechanism for TCP Imports As Food Circular Debt Crosses Rs. 259 Billion

The federal government has decided to modify the payment mechanism for commodities, including urea, sugar, and wheat, im...

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News Update

05

Dec 2023

Dec 05, 2023 • 5 min read

Calling All Foodies! Golootlo Unveils an Exclusive Treat – Get a KFC Zinger and Drink Combo for Just Rs 350!

Mehngai not letting you enjoy your favorite meals? Golootlo brings you an exclusive deal: a KFC Zinger burger with a dri...

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News Update

05

Dec 2023

Dec 05, 2023 • 5 min read

FBR Directs Govt Departments, Financial Institutions to Integrate With Its Data Repository ‘RADAR’

The Federal Board of Revenue (FBR) has directed 145 federal government and semi-autonomous departments, provincial gover...

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News Update

05

Dec 2023

Dec 05, 2023 • 5 min read

CDA Cracks Down on Illegal Housing Society, Stops Construction Work

The Capital Development Authority (CDA) has issued a stern notice to the unauthorized housing scheme named “EURO ENCLAVE...

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News Update

05

Dec 2023

Dec 05, 2023 • 5 min read

DAP Prices Cross Rs. 15,000 Per Bag Due to Hoarding

Prices for Diammonium Phosphate (DAP) fertilizer have crossed Rs. 15,000 amid massive hoarding and black marketing throu...

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News Update

05

Dec 2023

Dec 05, 2023 • 5 min read

SECP Establishes Islamic Finance Research and Development Centre in Partnership with AAOIFI

The Securities and Exchange Commission of Pakistan (SECP) and Accounting and Auditing Organization for Islamic Financial...

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News Update

05

Dec 2023

Dec 05, 2023 • 5 min read

Govt Denies Reports Of Industries’ Closure in Sindh, Balochistan Due to Costly Gas

The Ministry of Industries and Production denies the recent claims of industrial closures reported by certain quarters....

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News Update

05

Dec 2023

Dec 05, 2023 • 5 min read

Customs Seizes Goods Worth Rs. 5 Billion In First 5 Months of FY24

Customs Intelligence Karachi seized Rs. 5 billion in smuggled goods in the first five months of the current fiscal year...

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News Update

05

Dec 2023

Dec 05, 2023 • 5 min read

Ghani Chemical Industries Ltd to Install Pakistan’s Largest Medical Gas Plant in KP

Ghani Chemical Industries Limited (PSX: GCIL) is actively in the process of setting up Pakistan’s largest and the Compan...

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News Update

05

Dec 2023

Dec 05, 2023 • 5 min read

Confiz Empowers Future Innovators with Laptop Donation to Swiss Education Project Pakistan (SEPP)

Confiz has taken a significant stride in fulfilling its mission to help close the digital divide by donating ten laptops...

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News Update

05

Dec 2023

Dec 05, 2023 • 5 min read

Pakistan Has Assembled Over 15 Million Mobile Phones in 2023 So Far

Local manufacturing plants in Pakistan manufactured/assembled 15.66 million mobile handsets during the first ten months...

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News Update

05

Dec 2023

Dec 05, 2023 • 5 min read

Pakistan’s Public Debt Increases by 24.5% to Rs. 62.48 Trillion in One Year

The total public debt stock of the federal government increased by 24.5 percent on a year-on-year (YoY) basis in October...

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News Update

05

Dec 2023

Dec 05, 2023 • 5 min read

CDA Unveils Fast-Track Service for Approval of Building Plans

Building Control Directorate of Capital Development Authority has introduced state-of-the-art fast-track service by mode...

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