News & Updates

News Update

15

Nov 2023

Nov 15, 2023 • 5 min read

Systems Arabia and Taibah Valley Collaborated for Upskilling & Reskilling of Youth

Systems Arabia, a subsidiary of Systems Limited, and Taibah Valley, a state-owned company founded by Taibah University c...

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News Update

14

Nov 2023

Nov 14, 2023 • 5 min read

TPL Corp And ABHI Want to Acquire FINCA Microfinance Bank

TPL Corp Limited (PSX: TPL) has decided to jointly explore the potential acquisition of majority shares in FINCA Microfi...

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News Update

14

Nov 2023

Nov 14, 2023 • 5 min read

SBP Allows ASA Microfinance Bank to Commence Operations Nationwide

The State Bank of Pakistan (SBP) has allowed ASA Microfinance Bank (Pakistan) Limited to commence microfinance lending b...

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News Update

14

Nov 2023

Nov 14, 2023 • 5 min read

HBL Inaugurates Islamic Prestige Lounge in GPO Haider Chowk, Rawalpindi

HBL inaugurated its 8th Islamic Prestige Lounge located in GPO Haider Chowk, Rawalpindi. The Prestige footprint is now s...

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News Update

14

Nov 2023

Nov 14, 2023 • 5 min read

Wheat Market Chaos Ends With Rs. 4,700 Government Price, What Lies Ahead?

The wheat saga reached its conclusion last week (for now) as the Punjab government announced the long-awaited wheat rele...

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News Update

14

Nov 2023

Nov 14, 2023 • 5 min read

Zong 4G Celebrates the Success of Lok Mela 2023: A Remarkable Showcase of Cultural Diversity and Harmony

Zong 4G, Pakistan’s leading telecommunications company, recently partnered with Lok Mela, an 11-day extravaganza that un...

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News Update

14

Nov 2023

Nov 14, 2023 • 5 min read

Egyptian Digital Payment Provider to Acquire Advans Pakistan Microfinance Bank

MNT Halan, Egypt’s leading fintech player, is all set to acquire the operations of Advans Microfinance Bank as the State...

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News Update

14

Nov 2023

Nov 14, 2023 • 5 min read

FTO Directs FBR to Adopt Uniform Procedure for Verification of Income Tax Refund Claims

The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to issue necessary instructions to field...

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News Update

14

Nov 2023

Nov 14, 2023 • 5 min read

Car Sales Crash With Over 50% Decline Due to Poor Demand and Purchasing Power

Pakistan car sales clocked in at 6,200 units down 26 percent month-on-month (MoM) and 54 percent year-on-year (YoY). Inc...

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News Update

14

Nov 2023

Nov 14, 2023 • 5 min read

SECP Unveils 5-year Strategic Plan for Insurance Sector

The Securities and Exchange Commission of Pakistan (SECP) held a media engagement with journalists at its Head Office to...

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News Update

14

Nov 2023

Nov 14, 2023 • 5 min read

Power Companies Seek to Charge Rs. 1.7 Per Unit More

The federal government is likely to raise the power tariff by up to Rs. 1.7 per unit for collection in December, January...

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News Update

14

Nov 2023

Nov 14, 2023 • 5 min read

HBL and Nutshell to Co-Host 7th Edition of THE FUTURE SUMMIT on November 15 and 16

Nutshell Group and HBL are jointly hosting the 7th Edition of THE FUTURE SUMMIT (TFS), powered by Unity Foods Limited, i...

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News Update

14

Nov 2023

Nov 14, 2023 • 5 min read

Rupee Falls 16th Day in a Row Against US Dollar, Other Currencies

The Pakistani rupee weakened 16th day in a row against the US Dollar today after opening trade at 288 in the interbank m...

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News Update

14

Nov 2023

Nov 14, 2023 • 5 min read

FBR to Compensate for Revenue Shortfall With Anti-Smuggling Crackdown

The Federal Board of Revenue (FBR) will generate additional revenue of approximately Rs. 200 billion through enforcement...

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News Update

14

Nov 2023

Nov 14, 2023 • 5 min read

Price of Gold in Pakistan Nears Rs. 213,000 Per Tola After Another Increase

The price of gold in Pakistan increased by Rs. 1,000 per tola on Tuesday to settle at Rs. 212,800. According to the data...

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News Update

14

Nov 2023

Nov 14, 2023 • 5 min read

Committee Formed to Finalize Modalities on Trading of Govt Securities on PSX

The Finance Ministry has constituted a committee on Operational Readiness for Government Debt Securities on Pakistan Sto...

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News Update

14

Nov 2023

Nov 14, 2023 • 5 min read

Commerce Minister Emphasizes Economic Cooperation Between Pakistan, Afghanistan, Uzbekistan

Pakistan, Afghanistan, and Uzbekistan can tap into new markets and expand their economies by leveraging their strengths...

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News Update

14

Nov 2023

Nov 14, 2023 • 5 min read

Broken Food System Costs Pakistan Almost $162 Billion a Year

The total quantified hidden costs of the agrifood system for Pakistan amount to approximately $161.8 billion, constituti...

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News Update

14

Nov 2023

Nov 14, 2023 • 5 min read

Cabinet Likely to Allow PPRA Exemption for Import of Urea

The federal cabinet is likely to give an exemption from Public Procurement Regulatory Authority (PPRA) rules to the Trad...

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News Update

14

Nov 2023

Nov 14, 2023 • 5 min read

No New Taxes: IMF, Pakistan Policy-Level Talks Bearing Fruit

Policy-level discussions between Pakistan and the International Monetary Fund (IMF) have been well underway since Monday...

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News Update

14

Nov 2023

Nov 14, 2023 • 5 min read

Govt Scraps Winter Package For Industries On IMF Demand

The federal government has abandoned the proposed Winter Package for industries nationwide upon refusal from the Interna...

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