News & Updates

News Update

26

Aug 2024

Aug 26, 2024 • 5 min read

PM Shehbaz Sets Deadline for Govt Offices to Stop Using Paper

Prime Minister Shehbaz Sharif in a meeting on Sunday set a one-month deadline for all government offices to go paperless...

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News Update

26

Aug 2024

Aug 26, 2024 • 5 min read

HBL H1 2024 Profit Rises 10% to Rs. 29.1 Billion

HBL has declared a consolidated profit before tax of Rs. 57.8 billion for the first half of 2024, 12 percent higher than...

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News Update

26

Aug 2024

Aug 26, 2024 • 5 min read

Service GlobalFootwear Posts 6% Profit Growth in First Half of 2024

Service GlobalFootwear Limited (PSX: SGF) announced its 1HCY24 financial result with an unconsolidated profit after tax...

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News Update

26

Aug 2024

Aug 26, 2024 • 5 min read

Govt to Reconsider Cap on Solar Energy Production for Export-Oriented Industries

Minister for Commerce Jam Kamal Khan Monday assured industry representatives that the government is steadfast in its com...

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News Update

26

Aug 2024

Aug 26, 2024 • 5 min read

Another Buyer Emerges for Bank Alfalah’s Bangladesh Operations

Bank Alfalah Limited (PSX: BAFL) has received a non-binding offer from Hatton National Bank (HNB) of Sri Lanka to acquir...

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News Update

26

Aug 2024

Aug 26, 2024 • 5 min read

Symmetry Group Secures Contracts to Provide Services to Six New Clients

Symmetry Group Limited (PSX: SYM) has executed six contracts with customers for their digital projects where it will pro...

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News Update

26

Aug 2024

Aug 26, 2024 • 5 min read

Pakistan Manufactured Nearly 19 Million Mobiles in Seven Months of 2024

The local manufacturing/ assembling plants manufactured/ assembled 18.95 million mobile handsets during the first seven...

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News Update

26

Aug 2024

Aug 26, 2024 • 5 min read

Customs Official Suspended for Using Influence for Choice Posting

Federal Board of Revenue (FBR) Chairman Rashid Mahmood has suspended a BS-18 customs official for extraneous influence o...

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News Update

26

Aug 2024

Aug 26, 2024 • 5 min read

Necessary Step to be Taken to Ensure Implementation of PRRP: Aurangzeb

Minister for Finance and Revenue Senator Muhammad Aurangzeb on Monday said that the government will continue to engage w...

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News Update

25

Aug 2024

Aug 25, 2024 • 5 min read

FBR Orders State-Owned Enterprises to Resolve Their Tax Disputes Via ADRCs

The Federal Board of Revenue (FBR) has bound state-owned enterprises to resolve their tax-related disputes with the FBR...

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News Update

25

Aug 2024

Aug 25, 2024 • 5 min read

FBR Likely to Miss August Tax Collection Target

The Federal Board of Revenue (FBR) is likely to miss August 2024 revenue collection targets. Sources told ProPakistani t...

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News Update

25

Aug 2024

Aug 25, 2024 • 5 min read

PTA Denies Reports of ATMs Closure Across Pakistan

The Pakistan Telecommunication Authority (PTA) has clarified that reports of closure of ATMs across Pakistan due to some...

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News Update

25

Aug 2024

Aug 25, 2024 • 5 min read

Petrol, Diesel Prices Likely to Fall Next Week

MS petrol and High-Speed Diesel (HSD) prices are expected to fall next week due to a decline in international oil prices...

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News Update

24

Aug 2024

Aug 24, 2024 • 5 min read

Punjab to Give Multiple Allowances to Families of Deceased Govt Employees

The Punjab Cabinet has approved a set of allowances for the families of employees and officers who passed away while in...

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News Update

23

Aug 2024

Aug 23, 2024 • 5 min read

Here’s How Much Interest Pakistan Was Charged on the 2023 IMF Loan

Pakistan has so far paid $2.4 billion interest on loans received from the International Monetary Fund (IMF),  Finance Di...

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News Update

23

Aug 2024

Aug 23, 2024 • 5 min read

Govt to Shut down Utility Stores Corporation

The federal government has decided to shut down Utility Stores Corporation (USC) as it tries to get out of non-essential...

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News Update

23

Aug 2024

Aug 23, 2024 • 5 min read

Rising Costs, Taxes, Eroding Purchasing Power Are Slowing Down Real Estate Market Activities: Report

The real estate market in Pakistan has also been heavily impacted by recent economic challenges, including the high cost...

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News Update

23

Aug 2024

Aug 23, 2024 • 5 min read

PTCL Appoints Azfar Manzoor as Chairman

Pakistan Telecommunication Company Limited (PTCL) has appointed Azfar Manzoor as the new Chairman of the company. “We ha...

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News Update

23

Aug 2024

Aug 23, 2024 • 5 min read

Aurangzeb Plays Down Fears Over IMF Board Approval of $7 Billion Loan Program

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb Friday played down fears over the Board approval of...

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News Update

23

Aug 2024

Aug 23, 2024 • 5 min read

Steel Prices Get a Massive Decrease in Pakistan

The domestic prices of steel products have dipped by Rs. 45,000 per ton due to a sudden drop in the cost of raw material...

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News Update

23

Aug 2024

Aug 23, 2024 • 5 min read

Bolan Castings Limited Halts Production Until Further Notice

Bolan Castings Limited (PSX: BCL) has halted production effective August 26 (Monday), until further notice. “Due to the...

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