News & Updates

News Update

04

Sep 2024

Sep 04, 2024 • 5 min read

JP Morgan, Investors Express Keen Interest in Pakistan’s Renewable, IT, Financial Sectors

Federal Minister for Finance and Revenue Muhammad Aurangzeb held a meeting with a delegation of international investors...

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News Update

04

Sep 2024

Sep 04, 2024 • 5 min read

CDWP Approves Rs. 53 Billion Cancer Hospital Without Feasibility Study

The Central Development Working Party (CDWP) has approved 8 development projects worth of Rs. 144.3 billion during its m...

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News Update

04

Sep 2024

Sep 04, 2024 • 5 min read

Mid-Week Blues: Pakistani Rupee Depreciates 3rd Day in a Row Against US Dollar

The Pakistani rupee (PKR) lost further ground against the US Dollar third day in a row today after opening trade at 278...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

Energy Experts Rally Behind Privatization as Key to DISCOs Reform in Pakistan

In a pivotal consultation hosted by the Parliamentary Forum on Energy and Economy, industry leaders and policymakers con...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

SECP Issues Warning Against WhatsApp Groups Offering Sham Investment Training Courses

The Securities and Exchange Commission of Pakistan (SECP) has issued a public alert regarding the increasing number of f...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

New Solar Panels Make Oxygen Along with Megawatts of Energy

China is dominating the photovoltaic sector much like California is in our country. However, they now have a significant...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

PM Shehbaz Slams FBR for Jul-Aug Revenue Shortfall, Big Reshuffle Expected

The Prime Minister has slammed the Federal Board of Revenue (FBR) for the Rs. 98 billion tax revenue shortfall incurred...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

Pakistan in Advanced Stages of Securing External Financing to Unlock $7 Billion IMF Loan

Pakistan is at an advanced stage to get external financing commitments which will help unlock the new $7 billion Interna...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

Cabinet Endorses Trade Framework Agreement Between Pakistan, Southern Common Market

The federal cabinet on Tuesday gave ex-post facto approval and endorsed the signing of Trade Framework Agreement between...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

PTA Seeks Policy Directive on Using Escrow Accounts for Recovering LDI Fees

The Pakistan Telecommunication Authority (PTA) has sent a fresh letter to the Ministry of Information Technology (IT) re...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

1Link Responds to Media Reports of ATM, Mobile Banking Outage Across Pakistan

In response to recent media reports about disruptions in nationwide funds transfers and cash withdrawals, 1LINK has assu...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

SECP Proposes to Create New Insurance Pool for Companies to Park Their Risks

The Securities and Exchange Commission of Pakistan (SECP) has proposed the creation of an insurance pool in Pakistan to...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

Millat Tractors to Resume Production Tomorrow

Millat Tractors Limited (PSX: MTL) will resume production tomorrow, the company informed the main bourse on Tuesday. The...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

PTA Reveals the Real Culprits Behind Internet Slowdown in Pakistan

Pakistan Telecommunication Authority (PTA) has confirmed that wholesale IP bandwidth providers are obstructing IP bandwi...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

These 5 Major Challenges Are Still Hurting Pakistan’s Economy

The Finance Ministry said Pakistan continues to face five major and persistent economic challenges, including fuel price...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

FBR Agrees to Review Commercial Property Rates to Fix Monthly Advance Tax on Retailers

The Federal Board of Revenue (FBR) and the traders’ community would jointly review the valuation tables of commercial pr...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

Federal Cabinet Approves 10-Point Agenda

The Federal Cabinet on Tuesday approved a comprehensive 10-point agenda, sources told ProPakistani. Key decisions includ...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

Punjab to Introduce New Tax on Residential Properties

The Punjab government is set to introduce a new property tax on residential homes, adding to the financial pressures fac...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

FBR Suspends 2 Officers for Illegally Issuing Refunds

The Federal Board of Revenue has suspended another two officers in connection with the issuance of illegal refunds. The...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

Pakistan’s Trade Deficit Falls to 11-Month Low As Exports Surge

Pakistan’s trade deficit fell by over 20 percent in August 2024 to settle at an 11-month low of $1.675 billion. Accordin...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

PTA Receives Bids from 5 Foreign Companies for 5G Consultancy

The Pakistan Telecommunication Authority (PTA) has taken a significant step towards the launch of 5G services in Pakista...

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