News & Updates

News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

IPPs Received Rs. 979 Billion in Capacity Payments During FY24

Independent Power Producers were paid over Rs. 979 billion in capacity charges in the fiscal year 2023-24, according to...

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News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

SECP Registers Over 2,900 New Companies in August 2024

The Securities and Exchange Commission of Pakistan (SECP) registered 2,933 new companies during August 2024, marking a 3...

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News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

KIBOR Falls Significantly Ahead of Monetary Policy Announcement 

Since the last Monetary Policy Committee (MPC) meeting in July 2024, KIBOR rates have significantly declined, with the 3...

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News Update

12

Sep 2024

Sep 12, 2024 • 5 min read

Gold Rate in Pakistan Falls Slightly After Hitting Record High Yesterday 

The price of gold in Pakistan fell slightly on Thursday after hitting record high a day earlier.   According to data iss...

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News Update

11

Sep 2024

Sep 11, 2024 • 5 min read

Gold Price in Pakistan Hits New Record High After Another Big Increase

The price of gold in Pakistan broke all previous records on Wednesday to hit a new record high.  According to data issue...

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News Update

11

Sep 2024

Sep 11, 2024 • 5 min read

Govt Takes U-Turn on Privatizing Expo Centers

The federal government has decided against privatizing expo centers. The decision comes after authorities observed the i...

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News Update

11

Sep 2024

Sep 11, 2024 • 5 min read

FBR Says No Extension in Income Tax Filing Deadline, Warns Non-Filers of Strict Action 

The Federal Board of Revenue (FBR) has made it clear that there would be no extension in the deadline for filing income...

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News Update

11

Sep 2024

Sep 11, 2024 • 5 min read

Avanceon’s Subsidiary Seals Multi-Million-Dollar Project 

Avanceon FZE, a wholly owned subsidiary of the Avanceon Limited (PSX: AVN), has secured a multi-million-dollar project t...

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News Update

11

Sep 2024

Sep 11, 2024 • 5 min read

FBR to Only Give Tax Exemptions If Its Per Law

Taxpayers and exporters would only be allowed tax exemption under the Income Tax Ordinance, 2001 if such exemption is sp...

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News Update

11

Sep 2024

Sep 11, 2024 • 5 min read

Habib Rice Establishes Subsidiary in Sharjah with Aim to Secure Export Business   

Habib Rice Product Limited (PSX: HRPL) has incorporated a 100 percent wholly owned subsidiary Company Habib Rice Product...

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News Update

11

Sep 2024

Sep 11, 2024 • 5 min read

KP Govt to Give Cash Prizes to People Reporting Tax Fraud  

Khyber Pakhtunkhwa (KP) government has announced cash rewards to individuals who report or identify tax fraud in the pro...

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News Update

11

Sep 2024

Sep 11, 2024 • 5 min read

Indonesia Ready to Negotiate Free Trade Agreement with Pakistan: Envoy 

Rahmat Hindiarta Kusuma, Charge d’Affaires of the Indonesian Embassy, Wednesday said Indonesia is ready to negotiate a f...

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News Update

11

Sep 2024

Sep 11, 2024 • 5 min read

FBR Appoints Senior Revenue Officer As Member Accounting

Imtiaz Ali Solangi, a BS-21 officer of the Inland Revenue Service, presently posted as a Member (Audit/CRM), Federal Boa...

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News Update

11

Sep 2024

Sep 11, 2024 • 5 min read

1LINK, Visa Collaborate to Facilitate Overseas Pakistanis in Sending Remittances  

1LINK and Visa signed a partnership agreement to integrate their systems for fast and secure cross-border payments aimed...

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News Update

11

Sep 2024

Sep 11, 2024 • 5 min read

BF Biosciences Plans to Raise Up to Rs. 1.93 Billion Through IPO This Month  

BF Biosciences Limited is looking to raise Rs. 1.38 billion to Rs. 1.93 billion by issuing 28.3 percent new shares throu...

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News Update

11

Sep 2024

Sep 11, 2024 • 5 min read

Saudi Envoy Reiterates Support for Pakistan’s Economy

Federal Minister for Finance and Revenue Muhammad Aurangzeb reaffirmed Pakistan’s commitment to a homegrown economic age...

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News Update

11

Sep 2024

Sep 11, 2024 • 5 min read

PTA Drafts Law for Telecom Licensees to Have Separate Accounts

Pakistan Telecommunication Authority (PTA) drafted “Accounting Separation (1st Amendment) Regulations, 2024” under which...

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News Update

11

Sep 2024

Sep 11, 2024 • 5 min read

Govt Notifies New Pension Rules, Major Cut in Family, Ordinary Pension  

The Federal government has notified amendments in Family, and ordinary pension and also imposed a 3 percent penalty on t...

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News Update

11

Sep 2024

Sep 11, 2024 • 5 min read

Islamabad Set to Get Modern Cinemas  

The 13th meeting of the Capital Development Authority (CDA) Board was held under the chairmanship of CDA Chairman Muhamm...

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News Update

11

Sep 2024

Sep 11, 2024 • 5 min read

Bank Alfalah Partners with UnionPay International(UPI) to Launch Co-Badge PayPak Debit Cards

Bank Alfalah Limited, one of the largest commercial banks in Pakistan, is pleased to announce a strategic partnership wi...

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News Update

11

Sep 2024

Sep 11, 2024 • 5 min read

SECP Shares Updated Whitelist of Approved Lending Apps

The Securities and Exchange Commission of Pakistan (SECP) issued a white list of approved nine “Nano Lending Apps” and s...

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