News & Updates

News Update

02

Sep 2024

Sep 02, 2024 • 5 min read

Gallup International Association Appoints Bilal Gilani As Board Member

Gallup Pakistan is pleased to announce the appointment of its Executive Director, Bilal I Gilani, to the Gallup Internat...

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News Update

02

Sep 2024

Sep 02, 2024 • 5 min read

Rupee Posts Losses Against US Dollar, Recovers Big Against British Pound

The Pakistani rupee (PKR) started September with losses against the US Dollar today after opening trade at 278 in the in...

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News Update

02

Sep 2024

Sep 02, 2024 • 5 min read

SHC Allows Landmark Spinning Industries to Merge With Liven Pharmaceuticals

The Sindh High Court vide Order dated September 02, 2024, has sanctioned the Scheme of Arrangement for the merger by way...

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News Update

02

Sep 2024

Sep 02, 2024 • 5 min read

President Asif Ali Zardari Endorses FTO’s Order Against Illegal Tax Recovery By FBR Officers

President Asif Ali Zardari has confirmed a landmark order issued by Federal Tax Ombudsman (FTO) Dr. Asif Jah, who has di...

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News Update

02

Sep 2024

Sep 02, 2024 • 5 min read

Toyota Indus Motors Posts 56% Profit Growth for FY24

Indus Motor Company (INDU) announced its 4QFY24 result today, where the company recorded a profit of Rs. 5.7 billion, up...

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News Update

02

Sep 2024

Sep 02, 2024 • 5 min read

Employees Annoyed Over Govt’s Decision to Privatize Pakistan Mineral Development Corporation

The federal government’s move to privatize the Pakistan Mineral Development Corporation (PMDC), the sole state-owned min...

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News Update

02

Sep 2024

Sep 02, 2024 • 5 min read

Toyota IMC Announces Additional Rs. 1.1 Billion Investment for Local Production of Auto Parts

The Board of Directors of Indus Motor Company Limited (PSX: INDU) has approved an additional investment of Rs. 1.1 billi...

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News Update

02

Sep 2024

Sep 02, 2024 • 5 min read

Air Link to Start Production of Xiaomi Smart TVs Next Month

Air Link Communication Limited has announced the commencement of Xiaomi Smart TV production at its newly established sta...

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News Update

02

Sep 2024

Sep 02, 2024 • 5 min read

Failure to Achieve Tax Targets Reflects FBR’s Incompetence: FPCCI

President Federation of Pakistan Chamber of Commerce and Industry Atif Ikram Sheikh has said that the failure to achieve...

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News Update

02

Sep 2024

Sep 02, 2024 • 5 min read

NHA Development Funds Slashed By 12%

A mere two months into the fiscal year, the government slashed the Public Sector Development Program (PSDP) 2024-25 allo...

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News Update

02

Sep 2024

Sep 02, 2024 • 5 min read

Pakistan’s Inflation Drops to Single-Digit for the First Time in 3 Years

Pakistan’s headline inflation rate fell to 9.6% year-on-year in August 2024, marking a significant decrease from July’s...

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News Update

02

Sep 2024

Sep 02, 2024 • 5 min read

Nishat Mills to Incorporate New Private Company in UK

The Board of Directors of Nishat Mills Limited (PSX: NML) has accorded its approval to the incorporation of a private li...

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News Update

01

Sep 2024

Sep 01, 2024 • 5 min read

Here’s How Much Salary Current SBP Governor is Paid

State Bank of Pakistan (SBP) Governor Jameel Ahmed is paid a monthly salary of Rs. 4 million, substantially (60 percent)...

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News Update

01

Sep 2024

Sep 01, 2024 • 5 min read

Pakistan’s Total Export Growth Outpaces External Debt

Pakistan’s total export growth has managed to outpace its external debt in the past five fiscal years, according to late...

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News Update

01

Sep 2024

Sep 01, 2024 • 5 min read

This is the Most Ideal Solar Panel Size for Maximum Electricity Production

As Pakistan races towards its goal of generating 60 percent of its energy from clean and renewable sources by 2030, the...

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News Update

01

Sep 2024

Sep 01, 2024 • 5 min read

Govt Increases LPG Prices for September

The Oil and Gas Regulatory Authority (OGRA) has increased the price of indigenous liquefied petroleum gas (LPG) by Rs. 6...

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News Update

01

Sep 2024

Sep 01, 2024 • 5 min read

OCAC Criticizes OGRA for Irresponsibly Approving More Diesel Imports Despite High Stock Level

The Oil Companies Advisory Council (OCAC) has criticized the Oil and Gas Regulatory Authority (OGRA) for repeatedly appr...

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News Update

31

Aug 2024

Aug 31, 2024 • 5 min read

FBR Misses Tax Collection Target for August by Over Rs. 100 Billion

The Federal Board of Revenue (FBR) has missed the revenue collection target for August by over Rs. 100 billion. Accordin...

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News Update

31

Aug 2024

Aug 31, 2024 • 5 min read

SECP Appoints Salman Hamid Afridi as Chairman of Religious Board

The Securities and Exchange Commission of Pakistan (SECP) has appointed Salman Hamid Afridi as the Chairman of the Relig...

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News Update

31

Aug 2024

Aug 31, 2024 • 5 min read

OGRA Directs OMCs Including PSO, GO to Maintain HSD Stocks as Per Established Practice

Taking strong note of media reports regarding a slowdown in diesel upliftment due to imports allowed to Oil Marketing Co...

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News Update

31

Aug 2024

Aug 31, 2024 • 5 min read

FBR Chief to Evaluate Officer Performance Amid Revenue Shortfall

Following a historic revenue shortfall in August 2024, the Chairman of the Federal Board of Revenue (FBR) has decided to...

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