News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

SBP Reserves Close in on $10 Billion Mark With Another Increase

The foreign exchange reserves held by the State Bank of Pakistan (SBP) posted an increase of $24 million on a weekly bas...

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News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

Gold Rate in Pakistan Falls Slightly After Breaking Multiple Records Earlier This Week

After breaching the record high mark multiple times during the week, the price of gold in Pakistan declined slightly on...

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News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

FBR Reconstitutes Committee to Implement Single Portal for Sales Tax Return Filing

The Federal Board of Revenue (FBR) has reconstituted the Single Sales Tax Return Design, Development & Implementation Co...

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News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

Itel Energy Revolutionizes Pakistan’s Solar Landscape with Unmatched 3-Year Replacement Warranty

Itel, a pioneering technology brand, proudly launches Itel Energy, ushering in a new era of affordable, innovative, and...

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News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

Govt Expands Debt Management Strategy With Changes in Buyback Program

The government has notified changes in the existing Buyback Program and enhanced its scope from the existing “Buyback Pr...

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News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

Pakistan Receives First Loan Tranche of $1 Billion From IMF

The State Bank of Pakistan (SBP) Friday received the first loan tranche of around $1.027 billion from the International...

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News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

Army Chief Appreciates China, Saudi Arabia, UAE for Helping in Pakistan’s Economic Recovery

Chief of Army Staff (COAS) General Syed Asim Munir Friday appreciated the praiseworthy role performed by brotherly and f...

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News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

Nishat Mills Decides to Sell Its Hospitality Business

The Board of Directors of Nishat Mills Limited (PSX: NML) has accorded its approval to dispose off 100 percent equity he...

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News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

FPCCI President Urges FBR to Extend Return Filing Date By 30 Days

President Federal of Pakistan Chamber of Commerce and Industry (FPCCI) Atif Ikram Sheikh has highlighted the technical d...

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News Update

27

Sep 2024

Sep 27, 2024 • 5 min read

Audit Exposes PTA for Failing to Recover Rs. 389 Million Dues from Telcos

The Auditor General of Pakistan has raised concerns over the non-recovery of Rs. 389.219 million in outstanding dues owe...

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News Update

26

Sep 2024

Sep 26, 2024 • 5 min read

No Mini-Budget in Coming Days: FBR Tells Senate Committee

Federal Board of Revenue (FBR) Member Inland Revenue (Policy) Dr Hamid Ateeq Sarwar categorically said the last date for...

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News Update

26

Sep 2024

Sep 26, 2024 • 5 min read

Real Estate Expert Asks FBR to Extend Return Filing Date By A Week

A real estate expert has asked the Federal Board of Revenue (FBR) to provide another seven days to understand S.R.O. 144...

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News Update

26

Sep 2024

Sep 26, 2024 • 5 min read

PIA Privatization is Reportedly Being Influenced to Favor a Private Company

Efforts are being made to extend the bidding period for the privatization of Pakistan International Airlines (PIA) by a...

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News Update

26

Sep 2024

Sep 26, 2024 • 5 min read

Rupee Recovers Slightly Against US Dollar, Other Currencies After IMF News

The Pakistani rupee (PKR) posted gains against the US Dollar (USD) today after opening trade at 278 in the interbank mar...

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News Update

26

Sep 2024

Sep 26, 2024 • 5 min read

BF Biosciences IPO Oversubscribes 3.4x

The book-building process of BF Biosciences’ Initial Public Offer (IPO) has concluded with an oversubscription of 3.40 t...

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News Update

26

Sep 2024

Sep 26, 2024 • 5 min read

Profit Repatriation Up 188% in August 2024

The repatriation of profits and dividends from foreign investments in Pakistan increased to $135.6 million in August, ma...

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News Update

26

Sep 2024

Sep 26, 2024 • 5 min read

Toyota Indus Motors Temporarily Suspends Production

Indus Motor Company Limited (PSX: INDU) has temporarily suspended production operations till September 30, 2024. The com...

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News Update

26

Sep 2024

Sep 26, 2024 • 5 min read

Gold Rate in Pakistan Breaks All Records to Hit New High

The price of gold in Pakistan continued its record-breaking run on Thursday and hit the Rs. 277,000 mark. According to d...

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News Update

26

Sep 2024

Sep 26, 2024 • 5 min read

Govt Announces Huge Cuts in Profit Rates on National Savings Schemes

The government has decreased the rates of profit on national savings certificates and schemes by up to 375 bps. The prof...

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News Update

26

Sep 2024

Sep 26, 2024 • 5 min read

FTO Blocks FBR’s Illegal Auction of Imported Vehicle

Federal Tax Ombudsman (FTO), while canceling an illegal auction of an imported vehicle, reprimanded customs officials of...

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News Update

26

Sep 2024

Sep 26, 2024 • 5 min read

FBR Announces Prize Scheme for Customers Who Report Unverified Invoices

The Federal Board of Revenue (FBR) Thursday announced a prize scheme for customers of integrated tier-1 retailers, who w...

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News & Updates

SBP Reserves Close in on $10 Billion Mark With Another Increase

Gold Rate in Pakistan Falls Slightly After Breaking Multiple Records Earlier This Week

FBR Reconstitutes Committee to Implement Single Portal for Sales Tax Return Filing

Itel Energy Revolutionizes Pakistan’s Solar Landscape with Unmatched 3-Year Replacement Warranty

Govt Expands Debt Management Strategy With Changes in Buyback Program

Pakistan Receives First Loan Tranche of $1 Billion From IMF

Army Chief Appreciates China, Saudi Arabia, UAE for Helping in Pakistan’s Economic Recovery

Nishat Mills Decides to Sell Its Hospitality Business

FPCCI President Urges FBR to Extend Return Filing Date By 30 Days

Audit Exposes PTA for Failing to Recover Rs. 389 Million Dues from Telcos

No Mini-Budget in Coming Days: FBR Tells Senate Committee

Real Estate Expert Asks FBR to Extend Return Filing Date By A Week

PIA Privatization is Reportedly Being Influenced to Favor a Private Company

Rupee Recovers Slightly Against US Dollar, Other Currencies After IMF News

BF Biosciences IPO Oversubscribes 3.4x

Profit Repatriation Up 188% in August 2024

Toyota Indus Motors Temporarily Suspends Production

Gold Rate in Pakistan Breaks All Records to Hit New High

Govt Announces Huge Cuts in Profit Rates on National Savings Schemes

FTO Blocks FBR’s Illegal Auction of Imported Vehicle

FBR Announces Prize Scheme for Customers Who Report Unverified Invoices

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