News & Updates

News Update

25

Sep 2024

Sep 25, 2024 • 5 min read

No Grants for Extra Spending Except Natural Disasters: Finance Ministry

No supplementary grant for any additional unbudgeted spending over the parliamentary approved level shall be considered...

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News Update

25

Sep 2024

Sep 25, 2024 • 5 min read

BF Biosciences Book Building Starts Today

BF Biosciences IPO’s book-building phase will be held on 25th and 26th September where high net worth individuals and in...

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News Update

25

Sep 2024

Sep 25, 2024 • 5 min read

Gold Rate in Pakistan Surges to Record High 

The price of gold in Pakistan continued its record-breaking run on Wednesday and crossed the Rs. 275,000 milestone.  Acc...

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News Update

25

Sep 2024

Sep 25, 2024 • 5 min read

Mari Petroleum to Launch Data Centers At Multiple Locations Via New Subsidiary

Mari Petroleum Company Limited (PSX: MARI) through a new subsidiary plans to establish data centers at multiple location...

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News Update

25

Sep 2024

Sep 25, 2024 • 5 min read

Pakistan Received Foreign Loans of $715 Million in Two Months of FY25 

Pakistan borrowed $714.74 million from multiple financing sources during the first two months (July-August) of the curre...

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News Update

25

Sep 2024

Sep 25, 2024 • 5 min read

IMF Board Approves Much-Awaited $7 Billion Bailout for Pakistan 

The Executive Board of the International Monetary Fund (IMF) Wednesday approved a $7 billion loan program for Pakistan,...

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News Update

24

Sep 2024

Sep 24, 2024 • 5 min read

Pakistan, Iran Agree to Resolve Issues Hampering Bilateral Trade 

Ambassador of Iran to Pakistan Dr Reza Amiri Moghaddam Tuesday called on Federal Board of Revenue (FBR) Chairman Rashid...

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News Update

24

Sep 2024

Sep 24, 2024 • 5 min read

PAA’s New Term Commences as Mr. Ahmed Kapadia Assumes Role of Newly Elected Chairman

The Pakistan Advertising Association (PAA) on Tuesday elected the new central executive committee (CEC) during its 9th A...

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News Update

24

Sep 2024

Sep 24, 2024 • 5 min read

FBR Seeks Public Feedback on Its Tax Reforms Under World Bank Project

The Federal Board of Revenue (FBR) has asked the general public to submit suggestions and their concerns on tax reform i...

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News Update

24

Sep 2024

Sep 24, 2024 • 5 min read

Pakistan Set to Finalize New Electric Vehicle Policy Within a Month

Minister for Industries and Production Rana Tanveer Hussain on Tuesday chaired the maiden meeting of the Steering Commit...

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News Update

24

Sep 2024

Sep 24, 2024 • 5 min read

FBR to Punish Tax Officials Seeking Postings of Their Choice Through Pressure Tactics

Chairman Federal Board of Revenue (FBR) Rashid Mahmood has directed all heads of field formations to certify/endorse act...

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News Update

24

Sep 2024

Sep 24, 2024 • 5 min read

CCP Strongly Recommends Changes to Insurance Ordinance 2000

The Competition Commission of Pakistan (CCP) has strongly recommended changes to the Insurance Ordinance, 2000 to allow...

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News Update

24

Sep 2024

Sep 24, 2024 • 5 min read

PIA Privatization to Go Ahead on October 1 With Six Companies Set to Bid   

The National Assembly Standing Committee on Privatization was informed on Tuesday that bidding for the privatization of...

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News Update

24

Sep 2024

Sep 24, 2024 • 5 min read

Electricity Users Across Pakistan Using Up To 200 Units to Pay Higher Tariff from October 

The three-month relief period for both protected and non-protected electricity consumers utilizing less than 200 units p...

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News Update

24

Sep 2024

Sep 24, 2024 • 5 min read

PSX is Outperforming S&P500 and India’s Sensex

The benchmark  KSE-100 index has outperformed the S&P500 and India’s Sensex in the past 10 years. Mattias Martinsson, wh...

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News Update

24

Sep 2024

Sep 24, 2024 • 5 min read

Amreli Steels Temporarily Suspends Operations at Key Facility Citing Economic Challenges 

Amreli Steels Limited (PSX: ASTL) has decided to temporarily suspend operations at its oldest Karachi-based manufacturin...

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News Update

24

Sep 2024

Sep 24, 2024 • 5 min read

No Customs Duty on Import of High-Pressure Washers

The customs classification committee of the Federal Board of Revenue (FBR) declared that zero percent customs duty would...

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News Update

24

Sep 2024

Sep 24, 2024 • 5 min read

FBR Announces Major Facility for Exporters Regarding Sales Tax Refund

The Federal Board of Revenue (FBR) Tuesday announced a major facility for all types of exporters by allowing them to ava...

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News Update

24

Sep 2024

Sep 24, 2024 • 5 min read

Gold Price in Pakistan Sets New Record As It Gets Closer to Rs. 300,000 Per Tola Mark 

The price of gold in Pakistan surged to a fresh all-time high on Tuesday after going up by Rs. 1,100 per tola.  Accordin...

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News Update

24

Sep 2024

Sep 24, 2024 • 5 min read

Govt’s Development Projects to Cost 10 Times More Than Estimates

The Planning Commission has revealed that the total cost to complete 1,071 development projects across the country is ov...

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News Update

24

Sep 2024

Sep 24, 2024 • 5 min read

CCP Approves Nishat Chunian Group’s Corporate Restructuring 

The Competition Commission of Pakistan (CCP) has approved internal restructuring involving Nishat Chunian Limited (NCL),...

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