News & Updates

News Update

18

Aug 2024

Aug 18, 2024 • 5 min read

FBR’s Penalty on Late Filers is Illegal

The Federal Board of Revenue (FBR) cannot enforce a penalty on a new “Late Filers” category retrospectively, introduced...

Read Full Article

News Update

18

Aug 2024

Aug 18, 2024 • 5 min read

PM Shehbaz Orders Nationwide Crackdown Against Electricity Theft

Prime Minister Shahbaz Sharif on Sunday directed a nationwide crackdown on electricity theft as a top priority to suppor...

Read Full Article

News Update

18

Aug 2024

Aug 18, 2024 • 5 min read

Pakistan’s Debt-to-GDP Ratio Fell to 6-Year Low in FY24

Pakistan’s debt-to-GDP ratio fell to a 6-year low in the financial year 2023-24 to 70 percent, as nominal GDP has grown...

Read Full Article

News Update

18

Aug 2024

Aug 18, 2024 • 5 min read

Gold Rate in Pakistan Breaks All Records to Hit New All-Time High

The price of gold in Pakistan rose by Rs. 2,500 per tola on Saturday on the back of small gains seen on Friday and once...

Read Full Article

News Update

16

Aug 2024

Aug 16, 2024 • 5 min read

Pakistan’s Population and Urbanization Challenges Are Increasing: ADB

Planning and managing urbanization are critical for Pakistan to optimize socio-economic development, says the Asian Deve...

Read Full Article

News Update

16

Aug 2024

Aug 16, 2024 • 5 min read

Engro Polymer Posts Rs. 1.6 Billion Loss for H1 2024

Engro Polymer & Chemicals (EPCL) announced its 2Q2024 result today, where the company recorded a consolidated loss of Rs...

Read Full Article

News Update

16

Aug 2024

Aug 16, 2024 • 5 min read

Govt Raises Rs. 119 Billion At PSX Sukuk Auction

The federal government has raised Rs. 119 billion against an auction target of Rs. 100 billion via issuance of an Ijarah...

Read Full Article

News Update

16

Aug 2024

Aug 16, 2024 • 5 min read

CCP Imposes Rs. 5 Million Penalty on Diamond Paints for Deceptive Marketing

The Competition Commission of Pakistan (CCP) has taken decisive action against Diamond Paint Industries (Pvt) Ltd., impo...

Read Full Article

News Update

16

Aug 2024

Aug 16, 2024 • 5 min read

FrieslandCampina Engro Pakistan Profit Declines By 6% to Rs. 1.26 Billion in H1 2024

FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for the first half of the year, concludi...

Read Full Article

News Update

16

Aug 2024

Aug 16, 2024 • 5 min read

Notification for Much Higher FBR Property Market Rates Delayed

The Federal Board of Revenue (FBR) has delayed the issuance of notifications for the revised valuation of immovable prop...

Read Full Article

News Update

16

Aug 2024

Aug 16, 2024 • 5 min read

JS Bank Celebrates 14th August by Donating Electronic Wheelchairs to the Differently-Abled

JS Bank, one of the fastest-growing banks in Pakistan, marked the nation’s 77th Independence Day with a heartwarming ini...

Read Full Article

News Update

16

Aug 2024

Aug 16, 2024 • 5 min read

Gold Rate in Pakistan Equals Record High After Slight Increase

The price of gold in Pakistan rose by Rs. 300 per tola on Friday to erase yesterday’s losses and once again hit the all-...

Read Full Article

News Update

16

Aug 2024

Aug 16, 2024 • 5 min read

Short-Term Inflation Falls Slightly as Fuel Prices Decline

The Sensitive Price Index (SPI)-based inflation for the week ended August 15, 2024, decreased by 0.16 percent mainly due...

Read Full Article

News Update

16

Aug 2024

Aug 16, 2024 • 5 min read

China’s Tesla EV Rival to Set Up EV Factory in Karachi

China’s electric vehicle (EV) manufacturer BYD is planning to build an EV plant in Karachi with local business group Meg...

Read Full Article

News Update

16

Aug 2024

Aug 16, 2024 • 5 min read

Pakistan’s Large-Scale Manufacturing Grows Marginally in FY24

Pakistan’s Large Scale Manufacturing (LSM) sector has shown a growth of 0.92 percent during fiscal year 2023-24 (FY24) w...

Read Full Article

News Update

16

Aug 2024

Aug 16, 2024 • 5 min read

Attock Cement Receives $5.85 Million Tranche from Sale of Subsidiary

Attock Cement Pakistan Limited (PSX: ACPL) has received $5.85 million from the sale of its subsidiary Saqr Al Keetan for...

Read Full Article

News Update

16

Aug 2024

Aug 16, 2024 • 5 min read

Electricity Consumers in Punjab to Get Rs. 14 Per Unit Relief for Two Months

President of Pakistan Muslim League-Nawaz Muhammad Nawaz Sharif Friday announced that the Punjab government will provide...

Read Full Article

News Update

16

Aug 2024

Aug 16, 2024 • 5 min read

FBR Imposes 1.25% Turnover Tax on Subsidy Given At Utility Stores

The Federal Board of Revenue (FBR) has imposed a 1.25 percent turnover tax on the subsidies given to Utility Stores for...

Read Full Article

News Update

16

Aug 2024

Aug 16, 2024 • 5 min read

Cement Prices Set to Increase in Punjab

Cement prices are set to increase by Rs. 75 per bag in Punjab with effect from today or Monday. According to Topline Sec...

Read Full Article

News Update

16

Aug 2024

Aug 16, 2024 • 5 min read

Rupee Ends Week With Encouraging Gains Against US Dollar, Euro

The Pakistani rupee (PKR) was stable against the US Dollar today after opening trade at 278 in the interbank market. It...

Read Full Article

News Update

16

Aug 2024

Aug 16, 2024 • 5 min read

TAL Joint Venture Announces Discovery of Gas Condensate in Kohat District

The TAL Joint Venture, comprising MOL Pakistan Oil & Gas Co. B.V. (Operator), Oil & Gas Development Company Limited (OGD...

Read Full Article