News & Updates

News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

IMF to End Punjab Solar Scheme and Electricity Subsidy Announcements

The International Monetary Fund (IMF) has imposed new conditions on Pakistan after Punjab’s decision to offer an electri...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

FPCCI Chief Opposes Further Tax Measures Against Already Taxed

Federation of Pakistan Chambers of Commerce & Industry (FPCCI) President Atif Ikram Sheikh has said that FPCCI opposes a...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

FBR’s Scrutiny Committee to Approve Cases Before Filing Appeals in High Courts

The Federal Board of Revenue (FBR) has decided not to file appeals before High Courts against the orders of the Federal...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

Pakistan’s Meat Exports to China Hit $2.6 Million in 7 Month Period

Pakistan’s meat exports to China have surpassed the $2.6 million mark from January to July 2024, according to data relea...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

Finance Minister Discusses Investment Opportunities with FLSmidth’s Global CEO

Federal Minister for Finance Senator Muhammad Aurangzeb, held a meeting with Mikko Keto, the Global CEO of FLSmidth, a l...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

Petroleum Sales Down 14% in August 2024

Pakistan’s Oil Marketing Companies (OMCs) sales reached 1.21 million tons in August 2024. This represents a 14 percent Y...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

PSX Gains 73 Points in Volatile Session

The 100-Index of the Pakistan Stock Exchange (PSX) gained 73.02 points on Tuesday, showing a positive change of 0.09 per...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

Gold Rate in Pakistan Posts Slight Decline

The price of gold in Pakistan fell by Rs. 1,000 per tola on Tuesday to close at Rs. 261,500. According to data issued by...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

Finance Ministry Cuts Markup Rate on Provident Fund for Govt Employees

The Finance Ministry has notified that the rate of markup on state provident fund, i.e. general provident fund for the f...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

Rupee Loses Five Paisas Against US Dollar As It Nears 279

The Pakistani rupee (PKR) lost further ground against the US Dollar today after opening trade at 278 in the interbank ma...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

Govt Introduces Contributory Pension Fund Scheme

The federal government has introduced a Contributory Pension Fund Scheme introduced for all the civil employees of the f...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

Pakistan in Final Stages of Securing Debt Rollovers: Aurangzeb

Discussions with some of Pakistan’s prominent lending partners for the rollover of maturing debt are progressing positiv...

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News Update

03

Sep 2024

Sep 03, 2024 • 5 min read

FBR Drafts Mini-Budget Proposal If Revenue Shortfall Continues in September

The Federal Board of Revenue (FBR) is likely to raise a 1 percent rate on 31 different kinds of withholding taxes from n...

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News Update

02

Sep 2024

Sep 02, 2024 • 5 min read

FBR Misses Tax Collection Target by Rs. 98 Billion in Jul-Aug

The Federal Board of Revenue (FBR) suffered a shortfall of Rs. 98 billion in tax collection during the first two months...

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News Update

02

Sep 2024

Sep 02, 2024 • 5 min read

Karachi Ports Handle 76% of Country’s Exports: Report

Pakistan’s port city Karachi handles 76 percent of exports through its ports, including Port Qasim and Karachi Port East...

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News Update

02

Sep 2024

Sep 02, 2024 • 5 min read

Attock Cement Posts 135% Profit Growth for FY24

Attock Cement Pakistan Limited (PSX: ACPL) announced its financial result for FY24 today, posting earnings of Rs. 3.567...

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News Update

02

Sep 2024

Sep 02, 2024 • 5 min read

PM Shehbaz Forms Selection Board to Appoint IT Secretary From Private Sector

Prime Minister Shehbaz Sharif has formed a selection board for the appointment of the Secretary of Information Technolog...

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News Update

02

Sep 2024

Sep 02, 2024 • 5 min read

Maryam Announces Yearly Expansion for Affordable Housing Project

During a meeting with Akhuwat Founder and Chairman Dr. Amjad Saqib on Sunday, Punjab Chief Minister Maryam Nawaz outline...

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News Update

02

Sep 2024

Sep 02, 2024 • 5 min read

BlueEx to Move From GEM Board to Main Board at PSX

Blue-Ex Limited (PSX: GEMBLUEX) will migrate from the GEM Board to the main board of the Pakistan Stock Exchange. The Bo...

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News Update

02

Sep 2024

Sep 02, 2024 • 5 min read

AGP Raises Objections on Huge Irregularities, Illegal Expenditures, Anti-Competitive Practices in Defence Sector

The Auditor General of Pakistan (AGP) has unveiled significant financial irregularities, unauthorized expenditures, and...

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News Update

02

Sep 2024

Sep 02, 2024 • 5 min read

Aurangzeb Meets PKIC Leadership to Discuss Future Plans in Pakistan

Federal Minister for Finance and Revenue Muhammad Aurangzeb, held a meeting with the leadership of the Pak-Kuwait Invest...

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