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Experts Demand IMF to Ensure Relief for Growth in Pakistan

Experts at a high-level policy forum on Wednesday demanded of the International Monetary Fund (IMF) and other global finance lending institutions to ensure relief for growth in Pakistan keeping in view the plight of common masses and the prevailing e…

EduFi Gets NBFC License to Offer Easy Loans to Students

In a momentous development, EduFi Financial Services Private Limited, a pioneering education lending FinTech company, has been granted its Non-Banking Financial Company (NBFC) license by the Securities and Exchange Commission of Pakistan (SECP).

Thi…

SECP Appoints New Special Public Prosecutors

After suspension of a top Federal Board of Revenue (FBR) official for not pursing cases in high courts, the Securities and Exchange Commission of Pakistan (SECP) has immediately appointed new Special Public Prosecutors to defend cases before courts/t…

Fauji Cement Posts Rs. 7 Billion Profit in 9 Months of FY24

Fauji Cement Company Limited (PSX: FCCL) has announced its financial results for the nine months that ended on March 31, 2024, posting a profit after tax (PAT) of Rs. 7 billion despite the increased financial cost of Rs. 1.26 billion incurred on expa…

Fatima Fertilizers Announces Big Increase in Urea Prices

Fatima Fertilizer Company Limited (PSX: FATIMA) has increased urea prices by Rs. 551 per bag.

Our channel checks have confirmed that FATIMA has increased urea prices by Rs. 551/bag despite any changes in current gas rates. The producer’s new rate st…

Finance Minister Expects IMF Staff Level Agreement in June-July

Finance Minister Muhammad Aurangzeb expects to reach a Staff-Level Agreement on a bigger loan program with the International Monetary Fund (IMF) by June-July 2024.

He said this during the 7th Leaders In Islamabad Business Summit on Tuesday. The mini…

Finance Minister Assures to Resolve Issues Faced by Traders

Finance Minister Muhammad Aurangzeb held a meeting with Naeem Mir, Chairman Supreme Council, All Pakistan Anjuman-e-Tajran, today.

The meeting, also attended by FBR chairman, served as a platform to discuss pertinent issues concerning the business c…

Gold Price in Pakistan Plummets Over Reduced Geopolitical Risks

The price of gold in Pakistan fell by almost Rs. 8,000 per tola on Tuesday as easing concerns of an escalation in the Middle East crisis saw international prices decline.

According to data issued by the Karachi Sarafa Association, the price of gold …

HBL Posts Rs. 15 Billion Profit After Tax in Q1 2024

HBL today declared a consolidated profit before tax of Rs. 30.1 billion for the quarter ended March 31, 2024, 40 percent higher than in the same period last year. Profit after tax has increased from Rs. 13.3 billion in the first quarter of 2023 to Rs…

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