News & Updates

News Update

21

Nov 2023

Nov 21, 2023 • 5 min read

Govt to Collect Rs. 920 Billion Petroleum Levy on IMF Demand

Pakistan has agreed to collect Rs. 920 billion in petroleum levy this fiscal year as part of its many commitments with t...

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News Update

21

Nov 2023

Nov 21, 2023 • 5 min read

Endeavor Pakistan Appoints Shehryar Hydri As Managing Director

Endeavor Pakistan has appointed Shehryar Hydri as its new Managing Director. “Shehryar’s impact goes beyond startups. He...

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News Update

21

Nov 2023

Nov 21, 2023 • 5 min read

Unlocking Responsible Digital Payments for Merchants: Pakistan’s Journey

Pakistan’s financial landscape is undergoing a seismic shift with the digitization of payments. In a recent interview, R...

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News Update

21

Nov 2023

Nov 21, 2023 • 5 min read

Shamshad Expects GDP Growth of 2 to 2.5% in FY24

Federal Minister for Finance Dr Shamshad Akhtar convened a meeting of the Donor Coordination Committee (DCC) at the Mini...

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News Update

21

Nov 2023

Nov 21, 2023 • 5 min read

State Bank Announces Jobs For Economic Analysts and Statistical Officers

The State Bank of Pakistan (SBP) has announced job opportunities for the positions of Economic Analysts and Statistical...

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News Update

21

Nov 2023

Nov 21, 2023 • 5 min read

Energy Ministry Denies Reports of Saudi Aramco Not Setting up Gwadar Refinery

The Ministry of Energy (Petroleum Division) has refuted reports that Saudi Aramco’s $10 billion Greenfield Refinery proj...

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News Update

21

Nov 2023

Nov 21, 2023 • 5 min read

Outsourcing of Islamabad International Airport Delayed

The Aviation Division has extended the bid submission date for outsourcing of Islamabad International Airport (IIA) till...

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News Update

21

Nov 2023

Nov 21, 2023 • 5 min read

Chinese Envoy, Planning Minister Discuss Progress on CPEC

Chinese Ambassador to Pakistan Jiang Zaidong called on Minister for Planning, Development & Special Initiatives Muhammad...

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News Update

21

Nov 2023

Nov 21, 2023 • 5 min read

PRL Inks License Agreements With Honeywell UOP, Axens for Refinery Upgrade Project

Pakistan Refinery Limited (PRL) has signed license agreements with industry leaders Honeywell UOP and Axens for its ambi...

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News Update

21

Nov 2023

Nov 21, 2023 • 5 min read

Finance Minister Expresses Concern Over Delay in Donor-Funded Projects

Caretaker Federal Minister for Finance Dr Shamshad Akhtar convened a meeting today at the Ministry of Economic Affairs t...

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News Update

21

Nov 2023

Nov 21, 2023 • 5 min read

Gold Price in Pakistan Rises by Rs. 500 Per Tola

The price of gold in Pakistan rose by Rs. 500 per tola on Tuesday to settle at Rs. 215,600 per tola. According to the da...

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News Update

21

Nov 2023

Nov 21, 2023 • 5 min read

Rupee Gains Further Ground Against US Dollar 4th Day in a Row

The Pakistani rupee gained further ground 4th day in a row against the US Dollar today after opening trade at 288 in the...

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News Update

21

Nov 2023

Nov 21, 2023 • 5 min read

Lucky Cement Completes Biggest Share Buyback in PSX History

Lucky Cement Limited (PSX: LUCK) has completed the buyback of over 20.3 million (20,375,000) ordinary shares, representi...

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News Update

21

Nov 2023

Nov 21, 2023 • 5 min read

Electricity Generation Down Despite Over 8% Decrease in Fuel Costs in October

Power generation in the country went down by 10.6 percent YoY to 9,572 gigawatts per hour (GWh) in October, while it dep...

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News Update

21

Nov 2023

Nov 21, 2023 • 5 min read

realme C51 Now Available in Pakistan for a Champion Price of PKR 29,999/-

realme, known to Pakistanis as the fastest growing smartphone brand both globally and locally is set to make a champion...

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News Update

21

Nov 2023

Nov 21, 2023 • 5 min read

Circular Debt Soars by Over Rs. 75 Billion in Q1 FY24

The power sector circular debt has increased by Rs. 75.7 billion to Rs. 2,537 billion during the first three months (Jul...

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News Update

21

Nov 2023

Nov 21, 2023 • 5 min read

Lawmakers Urge Ban on Rs. 5,000 Currency Note to Curb Corruption, Inflation

Senator Mohsin Aziz called for the nullification of the Rs. 5,000 currency note to combat corruption and inflation. Addr...

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News Update

21

Nov 2023

Nov 21, 2023 • 5 min read

Pakistan Secures 2-Year Extension in Marine Mammal Protection Act Exemption Period

Pakistan has attained a global milestone as the Department of Commerce and the National Marine Fisheries Service (NMFS)...

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News Update

21

Nov 2023

Nov 21, 2023 • 5 min read

SECP Bans Ads and Partnerships With Surrogate Crypto Companies

The Securities and Exchange Commission of Pakistan (SECP) has strictly directed all companies to refrain from inking agr...

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News Update

21

Nov 2023

Nov 21, 2023 • 5 min read

WorldCall’s Parent Company Achieves Major Milestone in NASDAQ Listing

The parent company of WorldCall Telecom Limited (PSX: WTL), WorldCall Services Private Limited (WSL), has achieved a maj...

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News Update

21

Nov 2023

Nov 21, 2023 • 5 min read

Chikoo, Bank Alfalah Announce POS Payment Device Partnership

Chikoo, a leading digital business platform, and Bank Alfalah, one of the leading commercial banks in Pakistan, announce...

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