News & Updates

News Update

30

Sep 2024

Sep 30, 2024 • 5 min read

Pakistan Hosts the First Asia Energy Transition Summit 2024 at LUMS

Pakistan recently hosted the inaugural Asia Energy Transition Summit 2024 at the Lahore University of Management Science...

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News Update

29

Sep 2024

Sep 29, 2024 • 5 min read

Govt to Sign National Financial Pact to Make Provinces Part of IMF Program: Aurangzeb

Finance Minister Muhammad Aurangzeb on Sunday said the federal government will ink a National Financial Pact with all pr...

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News Update

29

Sep 2024

Sep 29, 2024 • 5 min read

Excise Duty on Transfer of Properties Challenged At Sindh High Court

Sindh High Court (SHC) has taken up the issue of imposition of Federal Excise Duty (FED) on the allotment or transfer of...

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News Update

29

Sep 2024

Sep 29, 2024 • 5 min read

Govt Withdraws Minimum Export Price on Rice

Federal Minister for Commerce Jam Kamal Khan has directed the immediate withdrawal of the Minimum Export Price (MEP) on...

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News Update

29

Sep 2024

Sep 29, 2024 • 5 min read

IMF Projects Pakistan’s Economy to Grow by 3.2% in FY25

The International Monetary Fund (IMF) has projected GDP growth rate for Pakistan at 3.2 percent for the current fiscal y...

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News Update

28

Sep 2024

Sep 28, 2024 • 5 min read

FBR’s IRIS System Goes Down, Unable to Receive Tax Returns

The “IRIS” system of the Federal Board of Revenue (FBR) remained unable to receive income tax returns here on Saturday....

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News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

CCP Approves Italian Firm’s 50% Acquisition of Fatima Euricom Rice Mills 

The Competition Commission of Pakistan (CCP) has granted approval for the acquisition of a 50 percent shareholding in Fa...

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News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

Planning Minister for Adopting Export-led Growth Strategy With Efficient Port Services 

Minister for Planning Ahsan Iqbal stressed the need to adopt an export-led economic growth strategy by enhancing the cou...

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News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

Hamster Kombat Token Crashes 30% After Binance Listing

The newly launched play-to-earn (P2E) Hamster Kombat (HMSTR) token crashed shortly after being listed on major cryptocur...

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News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

SBP Plans Auction to Buyback Market Treasury Bills

The State Bank of Pakistan (SBP) announced its plan to conduct an auction for the buyback of securities for carrying out...

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News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

Rupee Up 2nd Day in a Row Against US Dollar to End Slow Week

The Pakistani rupee (PKR) posted gains against the US Dollar (USD) second day in a row today today after opening trade a...

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News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

Govt Expects Inflation to Fall Below 9% in September  

The government expects inflation to remain within the range of 8-9 percent in September and October, down from 9.6 perce...

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News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

ADB Inks $500 Million Education Funding Agreement for Pakistan, Other Asian Countries

The Asian Development Bank (ADB) has signed an agreement with the International Finance Facility for Education (IFFEd) t...

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News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

Govt to Announce Revised IPP Agreements Soon

The federal government will soon announce new deals with Independent Power Producers (IPPs). IPP owners were strongarmed...

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News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

PM Forms Five Working Groups for FBR’s Transformation

The prime minister has constituted five Working Groups to implement a roadmap pertaining to the indicated work streams o...

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News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

Weekly Inflation Rises as Food Prices Increase 

The Sensitive Price Index (SPI)-based inflation for the week ended September 26, 2024, increased by 0.05 percent, accord...

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News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

IMF Demands More Power Subsidy Cuts, Revision of NFC Reward, Tax Reforms

Pakistan faces stricter conditions under the recently approved International Monetary Fund (IMF) $7 billion loan program...

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News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

Engro Fertilizers Vows Full Support for Dealers and Farming Community

Engro Fertilizers Limited, one of Pakistan’s leading fertilizer manufacturers, hosted a meeting in Depalpur for dealers...

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News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

PSX Loses 365 Points as Selling Pressure Persists 

The 100-Index of the Pakistan Stock Exchange (PSX) continued with bearish trend on Friday, losing 365.83 points to close...

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News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

TPL Tracker Commences Transfer of Large Stake in Middle East Subsidiary to UAE’s Gargash Group

TPL Trakker Limited (PSX: TPLT) has announced that the transfer of a 50.1 percent equity stake in Trakker Middle East Li...

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News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

FBR to Freeze Bank Accounts and Cut Electricity Meters of Unregistered Businesses

The Federal Board of Revenue (FBR) has decided to punish unregistered businesses by freezing their bank accounts, seizin...

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