News & Updates
Stay informed about the latest developments in corporate law, tax regulations, and legal compliance in Pakistan
SBP Eases Rules for Conventional Banks to Convert to Islamic Banking
To further facilitate banks in the conversion of their branches, the State Bank of Pakistan revamped the existing criter...
Trade Deficit Spikes By Over 20% in September 2024
Pakistan’s trade deficit increased by over 20 percent in September 2024 to settle at $1.8 billion. According to data iss...
SECP Revises Procedure for Filing Tax Returns By Companies
The Securities and Exchange Commission of Pakistan (SECP) has revised the procedure for filing of returns (Form-9) by co...
Audit Exposes PCB for Illegally Paying Board Members Rs. 16.3 Million in FY24
The Auditor General of Pakistan (AGP) observed that the Pakistan Cricket Board (PCB) made unauthorized payment of meetin...
SBP Directs Currency Dealers to Process Requests for Import of 100,000 MT Sugar
The State Bank of Pakistan (SBP) has directed authorized dealers to process requests from eligible applicants for the ex...
Gold Rate in Pakistan Falls for Second Time This Week
The price of gold in Pakistan fell slightly for the second straight day this week on Tuesday. According to data issued...
Inflation Rate Drops to Lowest Level in Almost 4 Years
Pakistan’s headline inflation rate fell to 6.9 percent year-on-year in September 2024, marking a significant decrease fr...
PBA Commends Government’s Successful $7 Billion IMF Loan Negotiations
The Pakistan Banks’ Association (PBA) commends the efforts of the Government of Pakistan and the Ministry of Finance on...
FBR Misses Tax Collection Target By Rs. 90 Billion in First Quarter of FY25
The Federal Board of Revenue (FBR) has suffered a massive shortfall of over Rs. 90 billion during the first quarter (Jul...
Begin.Watch Takes on Account Fraud With GeoComply
Premium entertainment and sports streamer Begin.Watch has tapped anti-fraud and geolocation specialist GeoComply to impr...
CCP Starts Phase-II Review of PTCL-Telenor Merger
The Competition Commission of Pakistan (CCP) has held its first hearing for the Phase II Merger Review concerning PTCL’s...
BF Biosciences Opens IPO for Public Subscription on October 2,3
The general public will subscribe 6.25 million shares, 25 percent of the total offer size of BF Biosciences IPO on Octob...
Siddiqsons Scraps Tin Mill Black Plate Project Citing Challenging Economic Conditions
Siddiqsons Tin Plate Limited (PSX: STPL) has decided to roll back the Tin Mill Black Plate (TMBP) project. The Board ha...
Rupee Starts October With Gains Against All Major Currencies
The Pakistani rupee (PKR) posted gains against the US Dollar (USD) today today after opening trade at 278 in the interba...
FBR Announces Extension in Tax Return Deadline
After rebutting news regarding extension in the last date for filing of income tax returns for tax year 2024, the Federa...
FTO Establishes Special Helpdesk to Facilitate Taxpayers in Filing Tax Returns
Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah Tuesday established a taxpayer facilitation helpdesk at its headquarters...
Guaranteed Sum for Bank Depositors Doubled
The State Bank of Pakistan (SBP) Tuesday said that Deposit Protection Corporation (DPC) has increased the guarantee amou...
Bulls Take Control as PSX Gains 690 Points
The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Tuesday, gaining 690.39 points to close at...
Mobilink Bank Introduces Climate Insurance to Protect Agri-Borrowers from Climate Risks
Mobilink Bank, Pakistan’s leading digital microfinance bank, has introduced Climate Shock Insurance to protect small and...
All 5 Foreign Consultants Qualify for 5G Auction in Pakistan
All of the five international consultants qualified in technical bids for providing consultancy services to the governme...