News & Updates

News Update

23

Sep 2024

Sep 23, 2024 • 5 min read

Senate Committee Recommends More Punishment Against Banks for Manipulating Currency

The Senate Standing Committee on Economic Affairs has decided to recommend further action against banks that were compli...

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News Update

22

Sep 2024

Sep 22, 2024 • 5 min read

Pakistan Imported Mobile Phones Worth $143.8 Million in First Two Months of FY25

The country imported mobile phones worth $143.889 million in the first two months (July-August) of the current fiscal ye...

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News Update

22

Sep 2024

Sep 22, 2024 • 5 min read

CCP Issues Notices to 20 Brands for Misleading Discounts

The Competition Commission of Pakistan (CCP), while taking action against retailers advertising discounts as “up to a pe...

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News Update

22

Sep 2024

Sep 22, 2024 • 5 min read

FBR to Limit Cash Withdrawal and Plot Purchase for High-Income Tax Filers

The Federal Board of Revenue (FBR) is planning to bombard compliant taxpayers with new enforcement measures that will re...

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News Update

22

Sep 2024

Sep 22, 2024 • 5 min read

CDWP Approves 12 Development Projects Worth Rs. 187 Billion

The Central Development Working Party (CDWP) has approved 12 development projects worth Rs. 187 billion during its meeti...

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News Update

22

Sep 2024

Sep 22, 2024 • 5 min read

FBR is Now Threatening to Block SIMs, Cut Electricity Connections of Taxpayers

The Federal Board of Revenue has warned taxpayers that it will block Mobile Phone SIMs, cut electricity and gas connecti...

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News Update

22

Sep 2024

Sep 22, 2024 • 5 min read

Pakistani Bond Yields Drop to 2-Year Low As Market Expects Another SBP Rate Cut

Pakistani bond yields have declined to a 2-year low, with a 1-year bond now trading at 15.21 percent, a 3-year bond at 1...

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News Update

21

Sep 2024

Sep 21, 2024 • 5 min read

Sui Southern Announces 24-Hour Gas Shutdown in Sindh

Due to a shortage of gas supplies in its system, Sui Southern Gas Company (SSGC) has announced a 24-hour gas closure for...

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News Update

21

Sep 2024

Sep 21, 2024 • 5 min read

FBR to Face Shortfall of Rs. 275 Billion in Q1 FY 2025

FBR is expected to face a shortfall of Rs. 275 billion in the first quarter of the current fiscal year. A shortfall of R...

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News Update

21

Sep 2024

Sep 21, 2024 • 5 min read

Cabinet Committee Approves Remaking Pakistan Revenue Automation’s Board of Directors

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb chaired a virtual meeting of the Cabinet Committee o...

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News Update

20

Sep 2024

Sep 20, 2024 • 5 min read

Chinese Firm to Establish Textile Parks in Pakistan, Aims to Create 0.5 Million Jobs 

The Board of Investment and Chinese textile firm RUYI Shangdong on Friday signed a Memorandum of Understanding (MoU) und...

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News Update

20

Sep 2024

Sep 20, 2024 • 5 min read

FBR Constitutes Working Groups for Reforms in Pakistan Customs  

The Federal Board of Revenue (FBR) has constituted four working groups for reforms in Pakistan Customs.   The four worki...

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News Update

20

Sep 2024

Sep 20, 2024 • 5 min read

Afiniti to Undergo Comprehensive Restructuring to Improve Its Financial Position

TRG Pakistan Limited, being a shareholder in The Resource Group International Limited (TRGI), on Friday announced that T...

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News Update

20

Sep 2024

Sep 20, 2024 • 5 min read

Gold Price in Pakistan Increases by Rs. 3,500 Tola in One Day to Hit New Record High

The price of gold in Pakistan continued its record-breaking run on Friday as it surged past the Rs. 270,000 per tola mil...

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News Update

20

Sep 2024

Sep 20, 2024 • 5 min read

FBR’s Digitization, Improved Enforcement Vital for Economic Reforms: PM 

Prime Minister Shehbaz Sharif Friday said the digitization of the Federal Board of Revenue (FBR) and its improved enforc...

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News Update

20

Sep 2024

Sep 20, 2024 • 5 min read

OICCI Shares Plan for FBR to Raise Up to Rs. 4 Trillion Tax Revenue in FY25

The Overseas Investors Chamber of Commerce and Industry (OICCI) on Friday posted a plan on LinkedIn that would help the...

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News Update

20

Sep 2024

Sep 20, 2024 • 5 min read

Citi Pharma Becomes First Pakistani Exporter of Nutraceutical Products to US

Citi Pharma Limited (PSX: CPHL), Pakistan’s largest API manufacturer, has become the country’s 1st nutraceutical product...

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News Update

20

Sep 2024

Sep 20, 2024 • 5 min read

National Savings Portfolio Reaches Rs. 3.1 Trillion in August

The total portfolio of the Central Directorate of National Savings (CDNS) stood at Rs. 3.1 trillion as of August 31, 202...

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News Update

20

Sep 2024

Sep 20, 2024 • 5 min read

Weekly Inflation Down to Almost 3-Year Low of 12.7%

The Sensitive Price Index (SPI)-based inflation for the week ended September 19, 2024, increased by 12.72 percent on a y...

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News Update

20

Sep 2024

Sep 20, 2024 • 5 min read

TPL Corp and Abhi Agree to Jointly Acquire FINCA Microfinance Bank

The Board of Directors of TPL Corp Limited (TPL), TPL, and Abhi (Private) Limited have jointly entered into a Share Purc...

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News Update

20

Sep 2024

Sep 20, 2024 • 5 min read

PSX Records Highest-Ever Closing After Gaining 615 Points  

The 100-Index of the Pakistan Stock Exchange (PSX) continued its bullish trend on Friday, gaining 615.16 points, and fin...

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