News & Legal Updates

News Update

02

Jun 2025

Jun 02, 2025 • 5 min read

Govt Finalizes Rs. 1.2 Trillion Loan With 18 Banks to Pay Off Circular Debt

The federal government has finalized a Rs. 1.275 trillion loan agreement with 18 commercial banks to reduce the power se...

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News Update

02

Jun 2025

Jun 02, 2025 • 5 min read

HBL Demonstrates Leadership in Agri Financing: Gives Largest Insurance Payout to Farmers

HBL issued the largest payout of over PKR 10 million under the Area Yield Index Insurance (AYII) program, benefiting far...

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News Update

02

Jun 2025

Jun 02, 2025 • 5 min read

IT Ministry Sets $5.2 Billion IT Export Target for Next Fiscal Year

The Ministry of Information Technology and Telecommunication has set an ambitious target of $5.2 billion in IT exports f...

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News Update

02

Jun 2025

Jun 02, 2025 • 5 min read

More Tax is Coming for Cash Payments for Petrol, Retail, Other Services

The federal government will introduce dual pricing and taxation in the 2025-26 budget to discourage cash transactions an...

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News Update

02

Jun 2025

Jun 02, 2025 • 5 min read

BankIslami Named Best Islamic Bank in Pakistan at Euromoney Islamic Finance Awards 2025

BankIslami has been named the Best Islamic Bank in Pakistan at the Euromoney Islamic Finance Awards 2025, a leading glob...

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News Update

02

Jun 2025

Jun 02, 2025 • 5 min read

PRL Receives Bids for Refinery Expansion and Upgrade Project

Pakistan Refinery Limited (PSX: PRL) has received bids for the Engineering, Procurement, Construction, and Finance (EPCF...

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News Update

02

Jun 2025

Jun 02, 2025 • 5 min read

Salaried Class Likely to Get Inflation-Adjusted Increments in FY26 Budget

The upcoming federal budget for 2025-26 is expected to include inflation-adjusted increments for the salaried class, sou...

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News Update

02

Jun 2025

Jun 02, 2025 • 5 min read

Pakistan’s Cement Exports Grow by Nearly 25% in 10 Months

The exports of cement witnessed an increase of 24.04 percent during the ten months of the fiscal year 2024-25, as agains...

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News Update

02

Jun 2025

Jun 02, 2025 • 5 min read

Govt Says No Proposal to Charge Higher Petrol Price on Cash Payments

There is no budget proposal under consideration to charge different prices of petroleum products for different categorie...

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News Update

02

Jun 2025

Jun 02, 2025 • 5 min read

Govt Eyes 2% Tax Hike on Savings Accounts to Give Relief to Salaried Class

The federal government has discussed increasing the tax on income earned via savings accounts and bank deposits with the...

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News Update

02

Jun 2025

Jun 02, 2025 • 5 min read

Pakistan’s Inflation Rises to 3.5% in May 2025

Pakistan’s annual inflation clocked in at 3.5 percent on a year-on-year basis in May 2025 compared to 0.3 percent in the...

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News Update

02

Jun 2025

Jun 02, 2025 • 5 min read

NBP Shuts Down its Branches in Paris and New York

The National Bank of Pakistan (NBP) has shut down its two major branches in New York and Paris as per its plans to reduc...

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News Update

02

Jun 2025

Jun 02, 2025 • 5 min read

Govt Likely to Increase Capital Gains Tax

The federal government is expected to increase the capital gains tax (CGT) in the FY26 federal budget. While the increas...

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News Update

02

Jun 2025

Jun 02, 2025 • 5 min read

Govt Likely to Approve Crucial Economic Targets for Next Fiscal Year Today

The federal government has proposed an economic growth target of 4.2 percent and an inflation cap of 7.5 percent for the...

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News Update

02

Jun 2025

Jun 02, 2025 • 5 min read

Govt Expects Overseas Pakistanis to Send Nearly $40 Billion in Remittances Next Year

The federal government expects remittances sent by overseas Pakistanis to hit $39.43 billion mark in the fiscal year 202...

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News Update

02

Jun 2025

Jun 02, 2025 • 5 min read

Govt to Increase Sales Tax on Small Cars

The prices of locally manufactured or assembled cars with an engine capacity of up to 850cc will increase from July 1, 2...

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News Update

02

Jun 2025

Jun 02, 2025 • 5 min read

P@SHA Urges Govt to Announce Tax-Free Incentives for IT Industry in FY26 Budget

The Pakistan Software Houses Association (P@SHA) has urged the government to announce a comprehensive, tax-friendly pack...

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News Update

02

Jun 2025

Jun 02, 2025 • 5 min read

IMF Demands Carbon Levy on Petrol, Diesel and Cars That Run On Them

The International Monetary Fund (IMF) has asked Pakistan to introduce a carbon levy on petrol, diesel, and vehicles with...

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News Update

02

Jun 2025

Jun 02, 2025 • 5 min read

Gold Rate in Pakistan Crosses Rs. 350,000 Per Tola After Huge Increase

The price of 24 karat gold witnessed an increase of Rs. 5,900 per tola on Monday and was sold at Rs. 353,100 against its...

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News Update

02

Jun 2025

Jun 02, 2025 • 5 min read

Haleon Officially Appoints Qawi Naseer As CEO

Haleon Pakistan Limited (PSX: HALEON) has officially appointed Qawi Naseer as Chief Executive Officer of the company. Fa...

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