News & Updates

News Update

09

Oct 2024

Oct 09, 2024 • 5 min read

Changing DNA of Economy for Inclusive, Sustainable Growth a Must: Aurangzeb 

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has reaffirmed the government’s commitment to implem...

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News Update

09

Oct 2024

Oct 09, 2024 • 5 min read

Finance Ministry Clarifies Reports Linking Killed Chinese Engineers to Ongoing IPP Talks

The Finance Division has clarified news media reports linking the two deceased Chinese engineers killed in an explosion...

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News Update

09

Oct 2024

Oct 09, 2024 • 5 min read

Massive Crackdown Against Non-Filers to Begin in November: FBR Chairman

Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial has ruled out any further extensions in the return filin...

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News Update

09

Oct 2024

Oct 09, 2024 • 5 min read

Pakistan Ready to Negotiate Re-profiling $15 Billion Power Sector Debt With China

Pakistan is ready to negotiate the re-profiling of $15.4 billion power sector debt under the China-Pakistan Economic Cor...

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News Update

09

Oct 2024

Oct 09, 2024 • 5 min read

Ismail Industries to Set Up Bisconni Subsidiary in UAE With $10 Million Investment

Shareholders of Ismail Industries Limited (PSX: ISIL) have decided to set up a subsidiary of Bisconni Middle East Manufa...

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News Update

09

Oct 2024

Oct 09, 2024 • 5 min read

Govt to Open PM’s Relief Fund for Gaza and Lebanon

The federal government has notified the establishment/opening of the Prime Minister’s Relief Fund for Gaza and Lebanon’...

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News Update

09

Oct 2024

Oct 09, 2024 • 5 min read

FBR Incurs Rs. 14.6 Billion Tax Revenue Loss Due to Cybersecurity Failure

The Federal Tax Ombudsman (FTO)recently said there’s a massive cybersecurity breach in the Federal Board of Revenue (FBR...

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News Update

09

Oct 2024

Oct 09, 2024 • 5 min read

Cabinet Division Starts Probe Against Faulty DG PSQCA Appointment Process

The Cabinet Division has initiated an inquiry into alleged irregularities in the appointment process of the Director Gen...

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News Update

09

Oct 2024

Oct 09, 2024 • 5 min read

PSX Closes Flat After Volatile Session

The 100-Index of the Pakistan Stock Exchange (PSX) gained 5.30 points on Wednesday to close at 85,669.28 points.   Broke...

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News Update

09

Oct 2024

Oct 09, 2024 • 5 min read

Pakistan and Saudi Arabia to Sign 30 Investment Agreements

The federal government will sign around 30 investment agreements with the Saudi delegation which will start its visit to...

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News Update

08

Oct 2024

Oct 08, 2024 • 5 min read

MoneyGram Hit by Cyberattack, Sensitive Customer Data Stolen

MoneyGram has confirmed that hackers breached the money transfer giant’s system and stole sensitive customer data and tr...

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News Update

08

Oct 2024

Oct 08, 2024 • 5 min read

Saudi Oil Company Successfully Buys Stake in Shell Pakistan

Wafi Energy Holding Limited has successfully concluded the purchase of an 11.29 percent stake in Shell Pakistan Limited...

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News Update

08

Oct 2024

Oct 08, 2024 • 5 min read

Rupee Down 2nd Day in a Row Against US Dollar

The Pakistani rupee (PKR) posted small losses against the US Dollar (USD) after opening trade at 278 in the interbank ma...

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News Update

08

Oct 2024

Oct 08, 2024 • 5 min read

PSO Seeks Freedom From Govt to Compete Against International Oil Companies

Pakistan State Oil (PSO) wants more freedom from the federal government to compete against international oil marketing c...

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News Update

08

Oct 2024

Oct 08, 2024 • 5 min read

Pakistan’s Central Govt Debt Crosses Rs. 70 Trillion in August 2024

The total public debt stock of the federal government increased by 10 percent on a year-on-year (YoY) basis in August 20...

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News Update

08

Oct 2024

Oct 08, 2024 • 5 min read

SNGPL Awards Rs. 2.74 Billion Pipeline Contract to Crescent Steel

Sui Northern Gas Company Limited (PSX: SNGP) has awarded a contract to Crescent Steel and Allied Products Limited (PSX:...

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News Update

08

Oct 2024

Oct 08, 2024 • 5 min read

FBR Places Strict Checks on Import of Duties and Taxes Free Vehicles by Certain Firms

The Federal Board of Revenue (FBR) has placed strict checks on the import of duties and tax-free vehicles imported by th...

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News Update

08

Oct 2024

Oct 08, 2024 • 5 min read

SBP Announces More Incentives to Attract Foreign Currency Remittances

The State Bank of Pakistan (SBP) has revised the current structure in a view to further incentivize Commercial, Microfin...

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News Update

08

Oct 2024

Oct 08, 2024 • 5 min read

Pakistan Set to Sign Agreements Worth $2 Billion with Saudi Arabia

Prime Minister Shehbaz Sharif Tuesday said a Saudi delegation was also scheduled to visit Pakistan and MoUs and agreemen...

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News Update

08

Oct 2024

Oct 08, 2024 • 5 min read

SBP Enhances Regulatory Retail Portfolio Limit to Rs. 300 Million

The State Bank of Pakistan (SBP) has enhanced the regulatory retail portfolio limit to Rs. 300 million. “It has been dec...

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News Update

08

Oct 2024

Oct 08, 2024 • 5 min read

China’s Solar Sector Faces Early 2024 Hurdles, Yet Industry Leaders Adapt with Strategic Innovations

The first quarter half of 2024 has proven to be a critical period for China’s solar industry according to financial repo...

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