News & Updates

News Update

08

Nov 2024

Nov 08, 2024 • 5 min read

Weekly Inflation Rises Due to Increase in Food Prices, LPG

The Sensitive Price Index (SPI) based inflation for the week ended November 07, 2024, increased by 0.24 percent, accordi...

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News Update

08

Nov 2024

Nov 08, 2024 • 5 min read

FBR Starts Inquiry Against Customs Officers For Smuggling Military-Grade Equipment

The Federal Board of Revenue (FBR) has started an inquiry against officials in the facilitation of smuggling of sensitiv...

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News Update

08

Nov 2024

Nov 08, 2024 • 5 min read

Pakistan Suffered Loss of $100 Billion Due to Climate Change in Last Two Decades

Amid political and economic challenges, environmental conflicts have further exacerbated the situation for Pakistan, inf...

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News Update

08

Nov 2024

Nov 08, 2024 • 5 min read

Govt to Impose Additional Surcharge on Fossil Fuels

The government will impose a new surcharge on fossil fuels to generate additional revenue, but the timeframe for imposit...

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News Update

08

Nov 2024

Nov 08, 2024 • 5 min read

FBR Collects Highest Customs Duty From Petroleum Sector, Imported Vehicles in FY24

Two major contributors of customs duty remained the petroleum sector and imported vehicles during 2023-24. The Federal B...

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News Update

08

Nov 2024

Nov 08, 2024 • 5 min read

Urea Prices to Likely Increase As Govt Prepares to Impose IMF-Backed Gas Tariff

Urea prices are projected to increase by at least Rs.  100 per bag due to the government’s commitment to the IMF to impl...

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News Update

08

Nov 2024

Nov 08, 2024 • 5 min read

FBR Tax Refunds See Small Decline in FY24

The Federal Board of Revenue (FBR) has paid Rs. 53.130 billion in income tax refunds during 2023-24 as compared to Rs. 5...

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News Update

08

Nov 2024

Nov 08, 2024 • 5 min read

Qatar Postpones 5 LNG Cargoes for Pakistan Until 2026

Qatar has postponed the delivery of five LNG cargoes to Pakistan from 2025 to 2026 in response to the country’s request....

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News Update

08

Nov 2024

Nov 08, 2024 • 5 min read

SBP Governor Stresses Need for Increasing Credit Allocation to Climate-Resilient Projects 

State Bank of Pakistan (SBP) Governor Jameel Ahmad has emphasized the need to substantially increase credit allocation t...

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News Update

08

Nov 2024

Nov 08, 2024 • 5 min read

Share of Direct Taxes in Revenue Collection Hits Almost 50% in FY24

The share of direct taxes increased from 45.7 percent in fiscal year 2022-23 to 48.7 percent in fiscal year 2023-24.  Th...

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News Update

08

Nov 2024

Nov 08, 2024 • 5 min read

Reko Diq Talks to PIBTL to Handle Its Cargo for Mining Project

Reko Diq Mining Company (Private) Limited has approached Pakistan International Bulk Terminal (PSX: PIBTL) for the handl...

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News Update

08

Nov 2024

Nov 08, 2024 • 5 min read

PM Unveils Three-month Electricity Relief Package for Winter Season

Prime Minister Shehbaz Sharif on Friday unveiled a three-month Electricity Relief Package for the winter season providin...

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News Update

08

Nov 2024

Nov 08, 2024 • 5 min read

Pakistan Receives Highest Ever Workers’ Remittances for October

Remittances sent by overseas Pakistanis increased by 29 percent year-on-year (YoY) to $3.05 billion in September 2024 co...

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News Update

08

Nov 2024

Nov 08, 2024 • 5 min read

Dozens of Climate Ministry Officials Are Going on Trip to Baku Using Public Funds

Over three dozen officials from Pakistan’s Ministry of Climate Change including a cabinet member’s daughter are allegedl...

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News Update

08

Nov 2024

Nov 08, 2024 • 5 min read

Govt Committed to Achieve $25 Billion IT Exports Target in Three Years: PM  

Prime Minister Shehbaz Sharif on Friday highlighting the government’s efforts to promote the telecommunications sector,...

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News Update

08

Nov 2024

Nov 08, 2024 • 5 min read

PSX Surges to Fresh All-time High, Breaches 93,000 Milestone

The 100-Index of the Pakistan Stock Exchange (PSX) gained 771.19 more points to close at 93,291.68 points on Friday, the...

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News Update

08

Nov 2024

Nov 08, 2024 • 5 min read

Overseas Pakistanis Submit Rs. 100 Billion Offer to Buy PIA

An overseas Pakistani conglomerate Al-Nihang’s has offered Rs. 100 billion to buy Pakistan International Airlines (PIA)....

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News Update

08

Nov 2024

Nov 08, 2024 • 5 min read

Rupee Ends 4-Day Losing Streak Against US Dollar to End Bad Week

The Pakistani rupee (PKR) reversed its 4-day losing streak against the US Dollar (USD) today after opening trade at 278...

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News Update

08

Nov 2024

Nov 08, 2024 • 5 min read

Salaried Class Paid Rs. 368 Billion Withholding Tax in FY24

The salaried class paid Rs. 367.890 billion as withholding tax during 2023-24 as compared to Rs. 264.142 billion in 2022...

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News Update

08

Nov 2024

Nov 08, 2024 • 5 min read

Revoking LDI Licenses Could Disrupt ATM and Internet Services: PTA Chairman

The Senate Standing Committee on IT and Telecom on Monday was informed by the Pakistan Telecommunication Authority (PTA)...

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News Update

08

Nov 2024

Nov 08, 2024 • 5 min read

CCP Issues Report on State of Competition in Power Sector

The Competition Commission of Pakistan (CCP) has released its detailed research report titled “State of Competition in t...

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