News Update

21

Nov 2024

Nov 21, 2024 • 5 min read

PSX Surges by Nearly 1,800 Points to Break 97,000 Barrier

The 100-Index of the Pakistan Stock Exchange (PSX) gained 1781.94 points (or 1.86 percent) on Thursday to close at the h...

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News Update

21

Nov 2024

Nov 21, 2024 • 5 min read

FBR to Finally Crackdown on High-Income Non-Taxpayers

The Federal Board of Revenue (FBR) is all set to register high-net-worth individuals including non-filers and nil-filers...

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News Update

21

Nov 2024

Nov 21, 2024 • 5 min read

PM Announces Rs. 5 Million Award for FBR Officer for Identifying Sales Tax Fraud

Prime Minister Shehbaz Sharif on Thursday announced a Rs. 5 million award and gave away a commendatory shield to an Fede...

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News Update

21

Nov 2024

Nov 21, 2024 • 5 min read

THCCL Denies Rumors of Plant Shutdown, Says False Information Presented by Competitor

Thatta Cement Company Limited (PSX: THCCL) Thursday denied rumors about alleged abrupt shutdown of its plant. “The Comp...

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News Update

21

Nov 2024

Nov 21, 2024 • 5 min read

IMF to Give $1 Billion Climate Funds to Pakistan After First Review

The International Monetary Fund (IMF) will provide $1 billion in climate financing to Pakistan following the first econo...

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News Update

21

Nov 2024

Nov 21, 2024 • 5 min read

Govt Planning to Massively Reduce Net Metering Rate

The federal government is planning to reduce the solar net metering rate to Rs. 7.5-11 per unit from the current rate of...

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News Update

21

Nov 2024

Nov 21, 2024 • 5 min read

PM for Ensuring Third Party Validation in All Govt Procurements

Prime Minister Muhammad Shehbaz Sharif on Thursday directed the relevant authorities to ensure third party validation in...

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News Update

21

Nov 2024

Nov 21, 2024 • 5 min read

Pakistan’s IT Industry Will Lose $1 Billion Due to VPN Ban: P@SHA

The Pakistan Software Houses Association (P@SHA) has warned that the government’s decision to ban Virtual Private Networ...

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News Update

21

Nov 2024

Nov 21, 2024 • 5 min read

Rupee Jumps Back to 277 Level Against US Dollar

The Pakistani rupee (PKR) posted gains ending its 3-day losing streak against the US Dollar (USD) today after opening tr...

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News Update

21

Nov 2024

Nov 21, 2024 • 5 min read

SBP Reserves Continue to Rise After Another Weekly Increase

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increase by $29 million on a weekly basis accordi...

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News Update

21

Nov 2024

Nov 21, 2024 • 5 min read

SECP Rejoins IOPS as Governing Member to Strengthen Pension Sector Reforms

The Securities and Exchange Commission of Pakistan (SECP) has re-joined the International Organization of Pension Superv...

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News Update

20

Nov 2024

Nov 20, 2024 • 5 min read

IBEX Limited Buys Back Over 3.5 Million Shares From TRG Associate Company

TRG Pakistan Limited (PSX: TRG) has been informed that its associate The Resource Group International Limited (TRGI) has...

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News Update

20

Nov 2024

Nov 20, 2024 • 5 min read

Electricity Distribution Companies Incur Rs. 239 Billion Loss in 3 Months

Electricity distribution companies (DISCOs) reported a Rs. 239 billion loss during the first three months of the fiscal...

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News Update

20

Nov 2024

Nov 20, 2024 • 5 min read

Bitcoin Makes History After Breaching $94,000 Level For First Time Ever

Bitcoin skyrocketed to a new all-time high after breaching the $94,000 level early on Wednesday morning (PKT). BTC touch...

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News Update

20

Nov 2024

Nov 20, 2024 • 5 min read

Pakistan Successfully Develops 36 Cannabis-Based Products

Pakistan has successfully developed 36 different cannabis-based products. The National Assembly Standing Committee on Sc...

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News Update

20

Nov 2024

Nov 20, 2024 • 5 min read

SBP Issues License to EPSPL to Commence Commercial Operations as EMI

The State Bank of Pakistan (SBP) has given a license to E-Processing Systems Private Limited (EPSPL) to commence commerc...

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News Update

20

Nov 2024

Nov 20, 2024 • 5 min read

Govt Will be in a Position to Reduce Tax Rates Soon: Minister of State for Finance

Minister of State for Finance and Revenue Ali Pervaiz Malik said that the government continues to expand the tax base, a...

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News Update

20

Nov 2024

Nov 20, 2024 • 5 min read

FBR to Depute Officials at Sugar Mills to Monitor Production With Crushing Set to Begin

After certain instances of misuse of the track-and-trace system, the Federal Board of Revenue (FBR) has decided to deput...

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News Update

20

Nov 2024

Nov 20, 2024 • 5 min read

Gold Rate in Pakistan Increases for Third Straight Day After Heavy Losses Last Week

The price of gold in Pakistan continued its recovered as it posted the third straight increase this week on Wednesday. ...

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News Update

20

Nov 2024

Nov 20, 2024 • 5 min read

Pakistan Can Earn Extra Rs. 65 Billion By Taxing Agriculture Income: Report

Applying tax rates on agricultural income similar to those imposed on other sectors can help Pakistan generate Rs. 65 bi...

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News Update

20

Nov 2024

Nov 20, 2024 • 5 min read

Rawalpindi Bans Land Transactions Outside Urban Areas

Rawalpindi Development Authority (RDA) on the directives of the Director General (DG), Kinza Murtaza, has imposed a ban...

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News & Updates

PSX Surges by Nearly 1,800 Points to Break 97,000 Barrier

FBR to Finally Crackdown on High-Income Non-Taxpayers

PM Announces Rs. 5 Million Award for FBR Officer for Identifying Sales Tax Fraud

THCCL Denies Rumors of Plant Shutdown, Says False Information Presented by Competitor

IMF to Give $1 Billion Climate Funds to Pakistan After First Review

Govt Planning to Massively Reduce Net Metering Rate

PM for Ensuring Third Party Validation in All Govt Procurements

Pakistan’s IT Industry Will Lose $1 Billion Due to VPN Ban: P@SHA

Rupee Jumps Back to 277 Level Against US Dollar

SBP Reserves Continue to Rise After Another Weekly Increase

SECP Rejoins IOPS as Governing Member to Strengthen Pension Sector Reforms

IBEX Limited Buys Back Over 3.5 Million Shares From TRG Associate Company

Electricity Distribution Companies Incur Rs. 239 Billion Loss in 3 Months

Bitcoin Makes History After Breaching $94,000 Level For First Time Ever

Pakistan Successfully Develops 36 Cannabis-Based Products

SBP Issues License to EPSPL to Commence Commercial Operations as EMI

Govt Will be in a Position to Reduce Tax Rates Soon: Minister of State for Finance

FBR to Depute Officials at Sugar Mills to Monitor Production With Crushing Set to Begin

Gold Rate in Pakistan Increases for Third Straight Day After Heavy Losses Last Week

Pakistan Can Earn Extra Rs. 65 Billion By Taxing Agriculture Income: Report

Rawalpindi Bans Land Transactions Outside Urban Areas

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