News & Updates

News Update

18

Sep 2024

Sep 18, 2024 • 5 min read

Organic Meat Company Ltd Adds 300 MT Per Month Capacity for Meat Production

The Organic Meat Company Limited has announced the successful completion of Expansion Phase 2 of its operations. This ph...

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News Update

18

Sep 2024

Sep 18, 2024 • 5 min read

Pakistan’s Real Effective Exchange Rate Depreciates to 100.16 in August 2024 

Pakistan’s Real Effective Exchange Rate (REER) depreciated to 100.16 in August 2024, according to data issued by the Sta...

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News Update

18

Sep 2024

Sep 18, 2024 • 5 min read

PSX Crosses 80,000 Milestone After Gaining 970 Points 

The 100-Index of the Pakistan Stock Exchange (PSX) continued its bullish trend on Wednesday, gaining 970.20 points, clos...

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News Update

18

Sep 2024

Sep 18, 2024 • 5 min read

Minority Shareholder Rejects Sale of Shell Pakistan Ltd to Saudi Oil Company

A minority shareholder has rejected Shell Pakistan’s Limited’s sale to Saudi Arabia’s Wafi Energy Holding Limited and co...

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News Update

18

Sep 2024

Sep 18, 2024 • 5 min read

Customs Seizes Mobile Phones Worth Rs. 446 Million At Pak-China Border

Pakistan Customs seized over 15,465 smuggled mobile phones worth Rs. 446 million at the Sost Dry Port. The Android-power...

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News Update

18

Sep 2024

Sep 18, 2024 • 5 min read

Govt Cuts RLNG Prices for September

The Oil and Gas Regulatory Authority (OGRA) have notified prices of re-gasified liquefied natural gas (RLNG) for both th...

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News Update

18

Sep 2024

Sep 18, 2024 • 5 min read

Aurora Tech Award 2025: Expanding Support for Women Innovators in Tech

The 2025 Aurora Tech Award opens for applications on September 2nd, inviting women tech entrepreneurs from around the wo...

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News Update

18

Sep 2024

Sep 18, 2024 • 5 min read

AJ&K, Gilgit-Baltistan Filers to be Part of FBR’s Active Taxpayers List 

The Federal Board of Revenue (FBR) will include the name of a person in the Active Taxpayers List (ATL), where such pers...

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News Update

18

Sep 2024

Sep 18, 2024 • 5 min read

Pakistan, Russia Sign MoU to Boost Economic, Trade Cooperation 

Pakistan and Russia signed a Memorandum of Understanding (MoU) for bilateral cooperation in economy and trade at the Min...

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News Update

18

Sep 2024

Sep 18, 2024 • 5 min read

FBR Issues Checklist to Help Taxpayers Get Extensions for Filing Sales Tax Returns

The Federal Board of Revenue (FBR) has issued a “checklist” for processing condonation cases of time limits for taxpayer...

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News Update

17

Sep 2024

Sep 17, 2024 • 5 min read

Holiday Inn & Suites to Open A Hotel in Islamabad in August 2028

IHG® Hotels & Resorts is expanding its presence in Pakistan by partnering with MGC Developments to launch Holiday Inn &...

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News Update

17

Sep 2024

Sep 17, 2024 • 5 min read

ADB Pledges $8 Billion in Loans to Pakistan Over Four Years

The Asian Development Bank (ADB) has pledged $2 billion in annual loans to Pakistan, beginning in 2024, with half of the...

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News Update

17

Sep 2024

Sep 17, 2024 • 5 min read

Civil Aviation Authority Takes FBR to Supreme Court Over Rs. 50 Billion Tax Dispute

The Civil Aviation Authority (CAA) has taken its Rs. 50 billion tax dispute with the Federal Board of Revenue (FBR) to t...

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News Update

17

Sep 2024

Sep 17, 2024 • 5 min read

Pakistan’s Cash in Circulation Rises By Rs. 212 Billion in Just A Week

Cash holdings in Pakistan have recorded a substantial increase of Rs. 212.7 billion in the week that ended on September...

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News Update

17

Sep 2024

Sep 17, 2024 • 5 min read

Govt Raises Rs. 202 Billion in 13th Sukuk Auction At PSX

The government through the Ministry of Finance raised Rs. 202 billion against an initial target of Rs. 250 billion for t...

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News Update

17

Sep 2024

Sep 17, 2024 • 5 min read

Govt Allows ATIR Members to Decide Cases Up to Rs. 50 Million

The Federal Government has decided to raise the powers of single-member Appellate Tribunal Inland Revenue (ATIR) in deci...

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News Update

17

Sep 2024

Sep 17, 2024 • 5 min read

Govt Calls for Action Against Corrupt FBR Officers Discouraging Foreign Investment

The Establishment Division has directed the Chairman Federal Board of Revenue (FBR) to take action against irregularity,...

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News Update

16

Sep 2024

Sep 16, 2024 • 5 min read

CCP Issues Show Cause Notices to Steel Cartel for Anti-Competitive Practice

The Competition Commission of Pakistan (CCP) has issued show cause notices to ten steel structure suppliers involved in...

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News Update

16

Sep 2024

Sep 16, 2024 • 5 min read

Govt Delays Solar Net Metering ‘Rationalization’ Amid Public Pressure

The Power Division has temporarily postponed its net metering tariff rationalization plan due to recent electricity tari...

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News Update

16

Sep 2024

Sep 16, 2024 • 5 min read

Pak Rupee Posts Small Gains 5th Day in a Row Against US Dollar

The Pakistani rupee (PKR) rose 5th day in a row against the US Dollar (USD) today after opening trade at 278 in the inte...

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News Update

16

Sep 2024

Sep 16, 2024 • 5 min read

Octans Digital Acquires Kyndryl Pakistan Domestic Operations

In a move to strengthen its Managed Services portfolio, Octans Digital acquired Kyndryl Pakistan (formerly IBM GTS) dome...

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