News & Updates

News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

PM Shehbaz Calls for Grant-Based Climate Finance, Fulfillment of Earlier Pledges at COP29

Prime Minister Shehbaz Sharif on Wednesday, sensitizing the global community on the risks posed by climate change and th...

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News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

CPEC’s Upgraded Version to Help Expand Cooperation in Various Fields: Chinese Envoy

Chinese Ambassador to Pakistan, Jiang Zaidong on Wednesday said that China will continue to work with Pakistan to focus...

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News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

SECP Registers Over 2,400 New Companies in October 2024

The Securities and Exchange Commission of Pakistan (SECP) registered 2,477 new companies in October 2024. This brings th...

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News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

OGDC Commences Production At Exploratory Well in Balochistan

Oil & Gas Development Company Limited (PSX: OGDC) has commenced production from the Uch-35 development well in Balochist...

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News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

KP Govt Again Expresses Wish to Buy PIA

The Government of Khyber Pakhtunkhwa has reiterated its interest in acquiring Pakistan International Airlines (PIA) and...

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News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

Petrol and Diesel Prices Likely to See 2nd Consecutive Increase

MS petrol and High-Speed Diesel (HSD) prices are expected to rise this week due to rising international oil prices and i...

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News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

Japan Approves $18.5 Million Grant for Flood Management in Indus Basin

The government of Japan has approved JPY 2.831 billion ($18.5 million) grant-in-Aid for Flood Management Enhancement in...

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News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

SUVs Being Taxed as Electric Vehicles: FBR to Seek Clarification from Law Ministry 

The Federal Board of Revenue (FBR) is set to seek clarification from the Ministry of Law and Justice on the controversia...

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News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

FBR Introduces New Payment Creation System to Accept Tax Payments on IRIS

The Federal Board of Revenue (FBR) has introduced the New Payment Creation System, namely ePayment 2.0, available within...

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News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

PSX Closes on Positive Note as KSE-100 Index Gains 130 Points

The 100-Index of the Pakistan Stock Exchange (PSX) gained 130.86 points to close at 93,355.43 points as compared to 93,2...

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News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

FBR Likely to Impose Lower Sales Tax Rate on Petroleum Products

The Federal Board of Revenue (FBR) is considering imposing a lower rate of sales tax between 3 to 5 percent on petroleum...

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News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

Malaysia Keen to Import Pakistani Food Products

Coordinator to Federal Tax Ombudsman (FTO) Saif Ur Rehman on Wednesday said that Malaysian buyers have shown a keen inte...

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News Update

13

Nov 2024

Nov 13, 2024 • 5 min read

Commerce Minister, World Bank Advance Agenda for Export Competitiveness

Federal Minister for Commerce Jam Kamal Khan and World Bank team on Wednesday met to discuss Pakistan’s export reform ag...

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News Update

12

Nov 2024

Nov 12, 2024 • 5 min read

Banking Mohtasib Reduces Time Given to Banks to Respond to Customer Complaints

Banking Mohtasib Pakistan has made an amendment to Banking Companies Ordinance, directing commercial banks to address th...

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News Update

12

Nov 2024

Nov 12, 2024 • 5 min read

CDWP Approves Projects Worth Rs. 560 Billion 

The Central Development Working Party (CDWP) has approved 7 development projects worth of Rs.  559.766 billion during it...

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News Update

12

Nov 2024

Nov 12, 2024 • 5 min read

Saudi National Bank Refuses to Sell Stake in Samba Bank

Majority shareholder Saudi National Bank (SNB) has backed out of selling its stake in Samba Bank Limited (PSX: SBL), the...

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News Update

12

Nov 2024

Nov 12, 2024 • 5 min read

ECC Approves Key Proposals Related to FBR Transformation Plan 

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb chaired a meeting of the Economic Coordination Commi...

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News Update

12

Nov 2024

Nov 12, 2024 • 5 min read

Govt to Spend Rs. 163 Billion on Adding Surplus LNG Stock to National Gas Pipeline

The federal government has decided to spend Rs. 163 billion to redirect imported liquefied natural gas (LNG) from the po...

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News Update

12

Nov 2024

Nov 12, 2024 • 5 min read

Sehat Kahani and Jubilee Life Insurance Signed an Agreement to Extend OPD Services

Jubilee Life Insurance, Pakistan’s leading private-sector life insurance company, has expanded its partnership with Seha...

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News Update

12

Nov 2024

Nov 12, 2024 • 5 min read

Gold Rate in Pakistan Posts One of Its Biggest Single-Day Falls  

The price of gold in Pakistan registered one of its biggest single-day falls in recent months as it went down by Rs. 7,0...

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News Update

12

Nov 2024

Nov 12, 2024 • 5 min read

Profit-Taking Sees PSX Lose Over 420 Points 

The 100-Index of the Pakistan Stock Exchange (PSX) lost 423.76 points on Tuesday to close at 93,224.56 points.   A total...

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