News & Updates

News Update

05

May 2025

May 05, 2025 • 5 min read

Federal Cabinet Okays $25 Million Loan Agreement With Kuwait for Mohmand Dam

The federal Cabinet has approved the signing of a $25 million financing agreement with the Kuwait Fund for Arab Economic...

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News Update

05

May 2025

May 05, 2025 • 5 min read

Hascol Appoints Javed Ahmedjee As CEO

Hascol Petroleum Limited (PSX: HASCOL) has announced the appointment of Javed Ahmedjee as its new Chief Executive Office...

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News Update

05

May 2025

May 05, 2025 • 5 min read

Govt Considering Increasing Tax Exemption Threshold for Salaried Class

The federal government is considering giving a relief in terms of income tax to those with lower monthly incomes. Source...

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News Update

05

May 2025

May 05, 2025 • 5 min read

Gold Gains Nearly Rs. 8,000 Per Tola in One Day as Price Soars Again

The price of 24 karat per tola gold witnessed an increase of Rs. 7,800 on Monday and was sold at Rs. 350,000 against its...

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News Update

05

May 2025

May 05, 2025 • 5 min read

IMF Delegation to Visit Pakistan For Budget Talks Next Week

A delegation from the International Monetary Fund (IMF) is scheduled to visit Pakistan from May 14 to 22 to discuss the...

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News Update

05

May 2025

May 05, 2025 • 5 min read

Cryptocurrencies Outside FBR’s Tax Net: FTO

Cryptocurrencies remain outside the tax net due to the absence of proper laws under the Federal Board of Revenue (FBR) t...

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News Update

05

May 2025

May 05, 2025 • 5 min read

Pakistan’s Economic Recovery at Risk Due to Tensions With India: Moody’s

Moody’s Ratings has warned that prolonged tensions with India could derail Pakistan’s economic recovery, disrupt fiscal...

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News Update

05

May 2025

May 05, 2025 • 5 min read

FPCCI Chief Criticizes 1% Cut in Policy Rate, Urges a Bigger Reduction

Federation of Pakistan Chambers of Commerce & Industry (FPCCI) President Atif Ikram Sheikh Monday said the business, ind...

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News Update

05

May 2025

May 05, 2025 • 5 min read

FBR Intelligence Unit Has No Authority in Sales Tax Related Cases: PHC

The Audit Officers of the Directorate General of Intelligence and Investigation – Inland Revenue (DG I&I-IR), do not hav...

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News Update

05

May 2025

May 05, 2025 • 5 min read

SBP Plans to Set up Specialized Entity for Promoting RAAST Ecosystem

The State Bank of Pakistan (SBP) is planning to establish a specialized entity for the Raast payment system to accelerat...

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News Update

05

May 2025

May 05, 2025 • 5 min read

SECP Issues Compliance Checklists for REIT Management Companies

The Securities and Exchange Commission of Pakistan (SECP) has issued checklists for obtaining licenses for Real Estate I...

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News Update

05

May 2025

May 05, 2025 • 5 min read

Finance Minister Sees Major Potential in Pak-US Economic Cooperation

Federal Minister for Finance Senator Muhammad Aurangzeb held a meeting today with a high-level delegation of the US Paki...

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News Update

05

May 2025

May 05, 2025 • 5 min read

Karachi Dairy Farmers to Give Undertakings Pledging Not to Engage in Milk Price Fixing

The Competition Appellate Tribunal (CAT) has directed representatives of all three dairy farmer associations of Karachi...

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News Update

05

May 2025

May 05, 2025 • 5 min read

Ministers Get Up to 188% Increase in Their Salaries

President Asif Ali Zardari raised the monthly salaries of federal ministers and ministers of state to Rs. 519,000. These...

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News Update

04

May 2025

May 04, 2025 • 5 min read

Petroleum Sales Up 32% in April Due to Higher Car Sales, Lower Smuggling

Pakistan’s Oil Marketing Companies (OMC) sector posted a robust 32 percent year-on-year growth in petroleum sales during...

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News Update

04

May 2025

May 04, 2025 • 5 min read

Govt to Make Pakistanis Pay Rs. 2 Trillion More Tax Next Fiscal Year

The federal government is preparing to raise next fiscal year’s tax collection target by Rs. 2 trillion to Rs. 14.3 tril...

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News Update

04

May 2025

May 04, 2025 • 5 min read

FBR Gets Power to Take Funds From Banks and Confiscate Property

President Asif Ali Zardari has promulgated draconian “Tax Laws (Amendment) Ordinance, 2025” for immediate recovery of ta...

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News Update

04

May 2025

May 04, 2025 • 5 min read

New Saudi Rules Force PM Shehbaz to Order Overhaul of Pakistan’s Hajj Operations

The federal government has constituted a high-level Reform committee under the chairmanship of Minister for Climate Chan...

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News Update

04

May 2025

May 04, 2025 • 5 min read

India Fires IMF Director in Bid to Block Release of $2.3 Billion to Pakistan

The Indian government has prematurely recalled International Monetary Fund (IMF) Executive Director K.V. Subramanian six...

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News Update

04

May 2025

May 04, 2025 • 5 min read

India Bans Imports and Transit of Goods from Pakistan

The Government of India has imposed an immediate and indefinite ban on the import and transit of all goods originating i...

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News Update

03

May 2025

May 03, 2025 • 5 min read

IMF Rejects India’s Request to Re-Examine Loans Given to Pakistan

The International Monetary Fund (IMF) has seemingly dismissed India’s request to re-examine loans provided to Pakistan....

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