News & Updates

News Update

15

Nov 2023

Nov 15, 2023 • 5 min read

Price of Gold in Pakistan Rises for 3rd Straight Day

The price of gold in Pakistan increased for the third straight day on Wednesday to settle at Rs. 214,800 per tola. Accor...

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News Update

15

Nov 2023

Nov 15, 2023 • 5 min read

62 Pakistani Company Reps to Attend Singapore Fintech Festival

A 62-member delegation of Pakistani fintech companies is attending the annual Singapore Fintech Festival (SFF) on 15-17...

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News Update

15

Nov 2023

Nov 15, 2023 • 5 min read

Islamic Finance Ideally Placed to Help the Country Transition Towards Sustainable Finance – Director SBP

The Institute of Business Management’s (IoBM) two-day International Conference on Islamic Banking and Finance (ICBIF) 20...

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News Update

15

Nov 2023

Nov 15, 2023 • 5 min read

MSCI Index Review: No Change in Pakistan’s Market Status

Morgan Stanley Capital International (MSCI) released an update on its November 2023 Index Review, notifying that there i...

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News Update

15

Nov 2023

Nov 15, 2023 • 5 min read

Govt Raises Rs. 1,161 Billion Via T-Bills, Cut-Off Yields Down by up to 50 BPS

The cut-off yields on Treasury Bills (T-Bills) went down by up to 50 basis points (bps) in the auction of the paper held...

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News Update

15

Nov 2023

Nov 15, 2023 • 5 min read

Rupee Weakens Further 17th Day in a Row Against US Dollar

The Pakistani rupee fell 17th day in a row against the US Dollar today after opening trade at 287 in the interbank marke...

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News Update

15

Nov 2023

Nov 15, 2023 • 5 min read

Oil Companies Warn of Fuel Supply Disruption If Obstructions Are Not Removed

The Oil Companies Advisory Council (OCAC) has warned that obstructions at ports are affecting the supply chain of petrol...

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News Update

15

Nov 2023

Nov 15, 2023 • 5 min read

Pakistan, IMF Reach Agreement on Second Tranche of $700 Million Under SBA

The International Monetary Fund (IMF) staff and the Pakistani authorities have reached a staff-level agreement on the fi...

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News Update

15

Nov 2023

Nov 15, 2023 • 5 min read

Production of Petroleum Products Up 14% in First Quarter of FY24

The petroleum products production witnessed an increase of 13.82 percent during July-September 2023-24 as its indices we...

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News Update

15

Nov 2023

Nov 15, 2023 • 5 min read

SBP to Set Sorting Parameters of Banknote Processing Machines

The State Bank of Pakistan (SBP) has decided to fix the sorting parameters of banknote processing machines, the regulato...

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News Update

15

Nov 2023

Nov 15, 2023 • 5 min read

OGRA Urges Refineries to Sign Agreement on Brownfield Refinery Policy

The Oil and Gas Regulatory Authority (OGRA) Wednesday advised refineries to sign the agreed draft agreement regarding th...

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News Update

15

Nov 2023

Nov 15, 2023 • 5 min read

Large Scale Manufacturing Output Expands by 1% in September 2023

The Large Scale Manufacturing Industries (LSMI) output increased by 1.01 percent for September 2023 when compared with S...

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News Update

15

Nov 2023

Nov 15, 2023 • 5 min read

Unveiling Perspectives: The 7th Edition of THE FUTURE SUMMIT, Themed ‘The Big Picture’, Begins Today!

The 7th Edition of THE FUTURE SUMMIT (TFS) commenced with a full house at a local hotel in Karachi.  The 7th Edition of...

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News Update

15

Nov 2023

Nov 15, 2023 • 5 min read

Islamic Finance Can Help Eliminate Debt Crises: SBP Director

Islamic finance can help eliminate debt and facilitate a move to sustainable finance, said Director Islamic Finance at t...

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News Update

15

Nov 2023

Nov 15, 2023 • 5 min read

DIGIT Makes History: Exporting Cutting-Edge ‘Made in Pakistan’ Smartphones to Africa

Swift Biz Solutions, a prominent mobile manufacturer in Pakistan, has reached a noteworthy milestone in the tech industr...

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News Update

15

Nov 2023

Nov 15, 2023 • 5 min read

SECP Officially Registers Meezan Bank’s Exchange Company

The Securities and Exchange Commission of Pakistan (SECP) ) has issued the Certificate of Incorporation to Meezan Exchan...

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News Update

15

Nov 2023

Nov 15, 2023 • 5 min read

Cement Industry Asks Govt to Halt Axle Load Control Regime Or Risk Incurring $2 Billion Fuel Cost

The cement industry has warned the government to halt its 100 percent axle load control regime (ALCR) on motorways and h...

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News Update

15

Nov 2023

Nov 15, 2023 • 5 min read

Govt Reduces Prices of Both Petrol and Diesel

The caretaker federal government has decided to slash the prices of petroleum products for the next fortnight. The price...

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News Update

15

Nov 2023

Nov 15, 2023 • 5 min read

HBL and the Bank of China Sign an MoU on Strategic Cooperation to Enhance Regional Trade

HBL and the Bank of China (BOC) signed a Memorandum of Understanding (MoU) for Strategic Cooperation at the BOC headquar...

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News Update

15

Nov 2023

Nov 15, 2023 • 5 min read

ECC Approves Rs. 424 Million as Technical Supplementary Grant for Projects of Petroleum Division

Caretaker Federal Minister for Finance, Revenue, and Economic Affairs Dr Shamshad Akhtar chaired the meeting of the Econ...

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News Update

15

Nov 2023

Nov 15, 2023 • 5 min read

Govt Slaps 40% Tax on Windfall Profits of Banks on Foreign Exchange Income

The federal government has slapped a 40 percent tax on windfall income of banks on the recommendation of the Federal Boa...

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