K-Electric and Government Discuss Renewable Energy Transition for Karachi’s Growing Power Needs
In a high-level meeting on Tuesday, Federal Minister for Finance and Revenue, Muhammad Aurangzeb, met with Mark Skelton, Chairman of…
SECP and US CFTC Collaborate to Strengthen Pakistan’s Commodity Futures Market
The Securities and Exchange Commission of Pakistan (SECP), in collaboration with the U.S. Commodity Futures Trading Commission (CFTC), has launched…
PSX 100-Index Surges by 671 Points Amid Institutional Buying in Cement Sector
The Pakistan Stock Exchange (PSX) 100-Index witnessed a bullish trend on Tuesday, with a notable gain of 671.73 points, marking…
FBR Reports Rs. 590 Million Collection from Point-of-Sale Service Fees in Last Fiscal Year
The Finance Ministry informed the National Assembly on Monday that the Federal Board of Revenue (FBR) collected a total of…
FPCCI Urges Government to Cut Policy Rate by 400 Basis Points Amid Falling Inflation
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called on the government and the Monetary Policy Committee…
Pakistan’s Power Sector Circular Debt Set to Rise by Rs. 100 Billion, IMF Raises Concerns
The federal government of Pakistan has informed the International Monetary Fund (IMF) that the country’s power sector is expected to…
Overseas Pakistani Remittances Surge by 40% in August 2024, Totaling $2.943 Billion
Remittances sent by overseas Pakistanis witnessed a significant surge in August 2024, increasing by 40 percent to $2.943 billion compared…
NAB Lahore Distributes Rs 1.86 Billion to Over 300 Victims of Ponzi Schemes and Housing Frauds
In a significant development aimed at addressing widespread financial fraud, the National Accountability Bureau (NAB) Lahore has distributed Rs 1.86…
SBP Cancels Industrial Development Bank’s License Due to Insolvency
The State Bank of Pakistan (SBP) has canceled the banking license of the Industrial Development Bank Limited (IDBL) following its…
Pakistan Stock Exchange Ends Range-Bound Session with 34 Points Gain
The Pakistan Stock Exchange (PSX) ended its Friday session on a positive note, with the benchmark 100-Index gaining 34.38 points.…