News & Updates

News Update

21

Nov 2023

Nov 21, 2023 • 5 min read

Zindagi Trust and Meta Join Hands with PTA, FIA and NCRC to Promote Youth Safety in Digital Spaces

With more young people coming online every day across Pakistan, empowering them to navigate the digital world safely is...

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News Update

21

Nov 2023

Nov 21, 2023 • 5 min read

Finance Minister Urges Dutch Envoy to Enhance Scholarship Program for Pakistani Students

Caretaker Finance Minister Dr Shamshad Akhtar Tuesday requested Ambassador of Netherlands Henny De Vries to enhance the...

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News Update

21

Nov 2023

Nov 21, 2023 • 5 min read

Fauji Foods Ltd Wants to Acquire Stakes in Fauji Infraavest Foods, Fauji Cereals

Fauji Foods Limited (PSX: FFL) wants to acquire Fauji Foundation’s equity stake in Fauji Infraavest Foods Limited and Fa...

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News Update

20

Nov 2023

Nov 20, 2023 • 5 min read

Rice Exporters Raise Alarms Over Exports Delays Due to Axle Load Limits

The Rice Exporters Association of Pakistan has raised concerns over delays in rice export shipments due to the recent im...

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News Update

20

Nov 2023

Nov 20, 2023 • 5 min read

Ittehad Chemicals Ltd Okays Rs. 3 Billion Investment in New Power Company

Ittehad Chemicals Limited (PSX: ICL) has approved a long-term investment of up to Rs. 3 billion in a new power subsidiar...

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News Update

20

Nov 2023

Nov 20, 2023 • 5 min read

Price of Gold in Pakistan Stays Above Rs. 215,000 Per Tola

The price of gold in Pakistan remained unchanged at Rs. 215,100 per tola on the opening day of the week. According to th...

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News Update

20

Nov 2023

Nov 20, 2023 • 5 min read

Pakistan Petroleum Discovers Gas Reserves in Sindh

Pakistan Petroleum Limited (PSX: PPL) has made a gas & condensate discovery from its exploration well Jhim East X-1, in...

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News Update

20

Nov 2023

Nov 20, 2023 • 5 min read

Pakistan’s Current Account Deficit Shrinks By 91% in October 2023

Pakistan’s current account deficit (CAD) contracted by 91 percent year-on-year (YoY) in October to just $74 million from...

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News Update

20

Nov 2023

Nov 20, 2023 • 5 min read

Foreign Direct Investment Falls by 29% to $122 Million in October 2023

The Foreign Direct Investment (FDI) in the country increased by 7 percent during the first four months of the current fi...

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News Update

20

Nov 2023

Nov 20, 2023 • 5 min read

KE Withdraws Advance Income Tax Wrongly Charged on Electricity Bill of a Trust

After the intervention of the Federal Tax Ombudsman (FTO), K-Electric has withdrawn the advance income tax wrongly charg...

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News Update

20

Nov 2023

Nov 20, 2023 • 5 min read

FBR Revises Customs Values on Import of Almonds, Walnuts

The Directorate General of Customs Valuation Karachi has fixed new customs values on the import of walnuts and almonds f...

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News Update

20

Nov 2023

Nov 20, 2023 • 5 min read

Govt Increases Allowance for Foreign Ambassadors, Ministers, Counselors, Secretaries, and Other staff

The federal government has increased foreign and entertainment allowances for Pakistani ambassadors as well as other sta...

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News Update

20

Nov 2023

Nov 20, 2023 • 5 min read

Pakistan, Afghanistan, and Uzbekistan Agree to Boost Trade, Resolve Transit Issues

Director General Trade Development Authority of Pakistan (TDAP) Muhammad Naseer has said that Pakistan, Afghanistan, and...

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News Update

20

Nov 2023

Nov 20, 2023 • 5 min read

Cabinet Approves Revised National Aviation Policy 2023

The federal cabinet has approved the long pending revised National Aviation Policy (NAP) 2023 aimed at granting industry...

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News Update

20

Nov 2023

Nov 20, 2023 • 5 min read

Pakistan’s IT Exports Increase 15% in October 2023

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

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News Update

20

Nov 2023

Nov 20, 2023 • 5 min read

Rediscovering Cast Iron Cookware: Now Made in Pakistan

In kitchen gadgets, some classics endure the test of time. Cast iron cookware, a symbol of tradition and unmatched perfo...

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News Update

20

Nov 2023

Nov 20, 2023 • 5 min read

SBP Plans to Build Regulatory Sandboxes and Innovation Offices

In order to promote digital banking and technological solutions in the banking and financial sector, the State Bank of P...

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News Update

20

Nov 2023

Nov 20, 2023 • 5 min read

Maple Leaf Cement to Expand Into Healthcare Business With Rs. 30 Billion Investment

Maple Leaf Cement Factory Limited (PSX: MLCF) in its corporate briefing said it has decided to diversify its portfolio w...

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News Update

20

Nov 2023

Nov 20, 2023 • 5 min read

Rupee Rises 3rd Day in a Row Against US Dollar

The Pakistani rupee rose higher third day in a row against the US Dollar today after opening trade at 288.5 in the inter...

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News Update

20

Nov 2023

Nov 20, 2023 • 5 min read

Pakistan’s Real Effective Exchange Rate Appreciates to 98.6 in October 2023

Pakistan’s Real Effective Exchange Rate (REER) Index appreciated to 98.6 in October 2023 as compared to 91.7 in Septembe...

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News Update

20

Nov 2023

Nov 20, 2023 • 5 min read

HBL Finances Rs 1bn for Solar Tube Wells to Boost Renewable Energy in Pakistan’s Agriculture Sector

HBL sets the industry benchmark with Rs 1 billion in financing for solar tube wells. The facility enables farmers to ado...

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