News & Updates

News Update

28

Aug 2024

Aug 28, 2024 • 5 min read

FBR Directs Traders to Pay Taxes Instead of Announcing Strikes

The Federal Board of Revenue (FBR) Tuesday categorically conveyed to the traders’ community that Tajir Dost Scheme would...

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News Update

28

Aug 2024

Aug 28, 2024 • 5 min read

FBR Issues Simple Return Form for Traders for Tax Year 2024

The Federal Board of Revenue (FBR) has issued a simple return form for traders’ community for tax year 2024. In this reg...

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News Update

28

Aug 2024

Aug 28, 2024 • 5 min read

PSX Loses 91 Points to Settle Below 78,000

The 100-Index of the Pakistan Stock Exchange (PSX) shed 91.45 points on Wednesday, showing a negative change of 0.12 per...

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News Update

28

Aug 2024

Aug 28, 2024 • 5 min read

Refineries in Danger Due to Surplus Fuel Stocks and Poor Import Policies

The oil industry has strongly protested to the Oil and Gas Regulatory Authority (OGRA) over a surge in oil stocks, which...

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News Update

28

Aug 2024

Aug 28, 2024 • 5 min read

Fintech Industry Leaders Meet NADRA Chairman to Discuss Challenges, Explore Avenues of Collaboration

Industry leaders from Pakistan’s fintech sector met with Lt Gen Muhammad Munir Afsar, Chairman NADRA, to present the cur...

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News Update

28

Aug 2024

Aug 28, 2024 • 5 min read

Nearly 5 Lac Families at Risk as Tractor Industry Faces Shutdown

The tractor industry in Pakistan is teetering on the edge of collapse following the recent imposition of a 10 percent sa...

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News Update

28

Aug 2024

Aug 28, 2024 • 5 min read

Pakistan, Turkiye Want to Enhance Trade Cooperation With More G2G, B2B Arrangements

Dr. Mehmet Paçaci, the Ambassador of the Republic of Türkiye, paid a farewell courtesy call on Federal Minister for Fina...

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News Update

28

Aug 2024

Aug 28, 2024 • 5 min read

CCP Affirms Exclusive Jurisdiction to Combat Deceptive Marketing Practices

The Competition Commission of Pakistan (CCP) has confirmed its exclusive jurisdiction to prevent and prohibit anti-compe...

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News Update

28

Aug 2024

Aug 28, 2024 • 5 min read

Senate Body Questions High Interest Rates Charged by Islamic Banks

The Senate Standing Committee on Finance Wednesday directed the State Bank of Pakistan (SBP) to provide a detailed brief...

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News Update

28

Aug 2024

Aug 28, 2024 • 5 min read

Faysal Bank Posts 76.3% Profit Growth in H1 2024

Faysal Bank Limited (FBL), one of the leading Islamic banks in Pakistan, continued with its growth stride and has announ...

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News Update

28

Aug 2024

Aug 28, 2024 • 5 min read

Committee Formed for Conversion of Imported Coal IPPs to Thar Coal

Federal Minister for Energy (Power Division) Sardar Awais Ahmad Khan Leghari constituted a four-member committee on Wedn...

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News Update

28

Aug 2024

Aug 28, 2024 • 5 min read

Planning Minister for Utilizing China’s Expertise, Technology in Agriculture Sector

Minister for Planning, Development and Special Initiatives Professor Ahsan Iqbal has stressed the importance of leveragi...

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News Update

27

Aug 2024

Aug 27, 2024 • 5 min read

Pak-Afghan Transit Trade Plunges by 59% in FY24

Transit trade between Pakistan and Afghanistan saw a big drop during the financial year 2023-24. The federal government’...

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News Update

27

Aug 2024

Aug 27, 2024 • 5 min read

No Amnesty Scheme Being Considered for Smuggled Vehicles: FBR

The Federal Board of Revenue (FBR) has rebutted rumors that an amnesty scheme is being considered for regularizing smugg...

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News Update

27

Aug 2024

Aug 27, 2024 • 5 min read

Audit Exposes Lack of Action By Authorities Against Unauthorized Spectrum Usage in Pakistan

A recent report by the Auditor General has revealed inadequate action by the Frequency Allocation Board (FAB) against un...

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News Update

27

Aug 2024

Aug 27, 2024 • 5 min read

PTA Registers Over 20,000 VPNs Under New Whitelisting Operation

The Pakistan Telecommunication Authority (PTA) has registered 20,437 Virtual Private Networks (VPNs) under its whitelist...

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News Update

27

Aug 2024

Aug 27, 2024 • 5 min read

BankIslami Posts 32.1 % Profit Growth in H1 2024

BankIslami continues its growth trajectory, delivering substantial returns to its shareholders with a remarkable 66.2 pe...

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News Update

27

Aug 2024

Aug 27, 2024 • 5 min read

Cabinet Terminates Over 150,000 Govt Jobs

The Federal Cabinet on recommendations of the Rightsizing Committee has decided to eliminate approximately 150,000 vacan...

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News Update

27

Aug 2024

Aug 27, 2024 • 5 min read

FBR Amends SRO Related to Release of Confiscated Smuggled Goods

The Federal Board of Revenue (FBR) has allowed maximum 50 percent depreciation for release of confiscated smuggled packa...

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News Update

27

Aug 2024

Aug 27, 2024 • 5 min read

IT Ministry Explains Why Elon Musk’s Starlink Still Hasn’t Come to Pakistan

The Ministry of Information Technology and Telecommunication (MoIT&T) of Pakistan has confirmed that Starlink, a promine...

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News Update

27

Aug 2024

Aug 27, 2024 • 5 min read

Senate Body on Petroleum Discusses Gas Supply Cessation to Captive Power Plants

The Senate Standing Committee on Petroleum on Tuesday held detailed discussions regarding the cessation of gas supply to...

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