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UAE Firm Completes Rs4.1 Billion Acquisition of First Women Bank
UAE’s International Holding Company (IHC) has completed the Rs4.1 billion acquisition of First Women Bank, marking a major step in Pakistan’s privatization drive. The deal,…
IGI Holdings Eyes Full Acquisition of Akzo Nobel: Process Underway
IGI Holdings Limited has announced that its wholly-owned subsidiary, IGI Investments (Private) Limited, has received in-principle board approval to evaluate the acquisition of up to…
FBR Dismisses Officer Over Mishandling Rs238.4 Billion Tax Fraud Case
The Federal Board of Revenue (FBR) has dismissed an Inland Revenue officer, Altaf Hussain Khurho, for negligence in investigating a massive Rs238.4 billion sales tax…
IMF Upgrades Pakistan’s Growth Forecast to 3.2% for 2025
The International Monetary Fund (IMF) has revised Pakistan’s economic growth forecast upward, projecting a 3.2% growth rate in 2025, compared to 2.1% in 2024, citing…
PSX Surges 1.5% on Banking Sector Strength, Easing Border Tensions
The Pakistan Stock Exchange (PSX) recorded a strong rebound on Monday, with the KSE-100 Index surging 2,437 points (1.49%) to close at 166,243, driven by…
Pakistan to Resume Gold Trade Pending ECC Approval
The Prime Minister’s Office has authorized the Commerce Ministry to proceed with reopening Pakistan’s gold and jewellery export and import trade, a move expected to…
NA Committee Reviews Reko Diq, Mineral Investments amid Saudi-China Interest
The National Assembly Standing Committee on Commerce, chaired by Muhammad Jawed Hanif Khan, reviewed investment opportunities in copper, rare-earth minerals, and the Reko Diq project,…
Pakistan Loses $9 Billion Annually to Financial Scams: Global Report
Pakistan is losing an estimated $9.3 billion annually around 2.5% of its GDP to financial scams, according to the Global State of Scams Report 2025…
SECP Approves Amendments to PSX Rulebook for Holding and Conduct of Corporate Briefing Sessions
The Securities and Exchange Commission of Pakistan (SECP) has approved major amendments to the Pakistan Stock Exchange (PSX) Rulebook, making Corporate Briefing Sessions (CBS) mandatory…
Women’s Active Bank Accounts in Pakistan Rise to 37 Million
The number of women’s active bank accounts in Pakistan has surged from 20 million to 37 million, according to State Bank of Pakistan (SBP) Governor…
Gold Prices Flat in Pakistan as Global Market Sees Minor Decline
Gold price updates from Pakistan showed stability on Tuesday, with rates holding firm at Rs444,900 per tola in the local market. The trend mirrored a…
Current Account Surplus Hits $110 Million in September
Pakistan’s current account surplus reached $110 million in September, marking a sharp turnaround from the previous months’ deficits, according to data released by the State…
