The State Bank of Pakistan (SBP) has resolved to use Virtual Private Network (VPN) technology for Data Acquisition Portal (DAP)… Read More
Exchange Companies Sell $150 Million to Banks in 13 Days
Exchange companies sold roughly $150 million to banks in the first 13 working days of November and plan to sell… Read More
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… Read More
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, representing approximately 6.50 percent… Read More
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. Addressing the… Read More
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 $849 million… Read More
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… Read More
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… Read More
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 with… Read More
Saudi Aramco is Getting Cold Feet About The $10 Billion Gwadar Refinery
The construction of Saudi Aramco’s $10 billion Greenfield Refinery project at the Gwadar Port is stalled despite Pakistan announcing a… Read More
FBR Now Has Govt-Backing to Disconnect Non-Filers’ Utility Connections
Over 250 district taxation officers of the Federal Board of Revenue (FBR) are expected to directly communicate with mobile phone… Read More
Arif Habib Limited to Enter Arrangement With Holding Company For Corporate Restructuring
Arif Habib Limited (PSX: AHL) and Arif Habib Corporation Limited (PSX: AHCL) will enter into an arrangement for corporate restructuring,… Read More
