Petroleum Division fails to meet SIFC’s refinery deadline

The November 10 deadline was a key directive to support Pakistan's refinery sector, addressing tax and smuggling concerns

Finance minister welcomes APM Terminals’ investment plans for Pakistan

Minister assures APM Terminals of full support and a level playing field for investment

NA committee urges independent status for passport directorate amidst backlog concerns

Committee presses for swift action on delays, calls for passport authority's financial autonomy

Gold price in Pakistan for today, November 12, 2024

Gold prices in Pakistan fluctuate frequently based on international market trends. The rates listed are provided by local gold markets and Sarafa...

Foreign exchange rates in Pakistan for today, November 12, 2024

The Exchange Rates Committee of the Financial Markets Association of Pakistan issued the following Exchange rates bulletin on Tuesday.

TPL Corp, Abhi receive SBP approval to acquire 94.8% stake in FINCA Microfinance

Acquisition marks a major milestone in Pakistan's microfinance sector

IGI Holdings to acquire 6.04% stake in Packages Limited for Rs 2.63 billion

Share purchase agreement signed with Stora Enso AB for acquisition

Govt plans to outsource major federal hospitals to boost revenue

Public-private partnership model aimed at generating funds for healthcare

Govt mulls replacing BPS with contract-based workforce to cut budget load

Public-sector reforms aim to ease budget burden by Rs 35-40 billion annually, starting with non-gazetted workforce

Energy sector reforms drive 35% rally as E&P recovery ratios surpass 100%: report

Price hikes and new discoveries boost production, and curb the buildup of circular debt in gas sector, says Intermarket Securities

Punjab enforces strict early shutdown, bans outdoor activities in four districts amid fatal smog  

Health and retail sectors exempted as air quality in Lahore hits hazardous levels; UNICEF urges urgent action to protect children  

NEPRA to pursue legal action against DISCOs over Rs276bn in circular debt: report

Power sector regulator cites increased transmission and distribution losses as key contributor to circular debt

Pakistani-American tech investors pledge $20mn for Pakistan’s IT sector at US conference

California conference drives forward Pakistan’s IT potential with American investments and strengthened diaspora engagement

Pakistan’s debt-to-GDP ratio falls to lowest level in over six years

Domestic and external debts see a decline, with the total public debt stock standing at Rs. 69.570 trillion as of September 2024.

Pakistan and Russia to discuss revival of Steel Mill, CM Murad announces

Online talks next week set to pave the way for modernizing Pakistan Steel Mills, with a Russian delegation to visit for further assessments.