News & Updates

News Update

16

Aug 2024

Aug 16, 2024 • 5 min read

President Asif Ali Zardari Upholds FTO Decision Against Telcos

President Asif Ali Zardari has upheld the decision of the Federal Tax Ombudsman (FTO) regarding cases of telecom operato...

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News Update

16

Aug 2024

Aug 16, 2024 • 5 min read

New FBR Chairman Seeks Asset Details of Over 2,000 Tax Officers

Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial has sought asset details of all Grade-17 to 22 officers...

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News Update

15

Aug 2024

Aug 15, 2024 • 5 min read

Ferozsons Subsidiary Launches New Insulin Medicine to Combat Diabetes

BF Biosciences Limited, a subsidiary of Ferozsons Laboratories Limited (PSX: FEROZ), has successfully launched human ins...

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News Update

15

Aug 2024

Aug 15, 2024 • 5 min read

PCB Set To Sell Naming Rights Of Gaddafi Stadium For Rs. 1 Billion

Pakistan Cricket Board (PCB) is poised to finalize a significant commercial agreement, selling the naming rights of the...

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News Update

15

Aug 2024

Aug 15, 2024 • 5 min read

Govt Issues State-Owned Enterprises Guidelines to Enhance Governance, Transparency

The Finance Division has issued State-Owned Enterprises (C-Level Appointments) Guidelines 2024” to enhance the governanc...

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News Update

15

Aug 2024

Aug 15, 2024 • 5 min read

STZA Notifies Four New Special Technology Zones with Rs. 30 Billion Infrastructure Investment

In line with the vision of the Prime minister and the federal government to enable job creation for the youth and priori...

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News Update

15

Aug 2024

Aug 15, 2024 • 5 min read

Federal Cabinet Approves 5-Year Privatization Plan

The federal cabinet has approved a five-year privatization plan set to run till 2029, sources told ProPakistani. The pro...

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News Update

15

Aug 2024

Aug 15, 2024 • 5 min read

Mass Exodus of IT Companies From Pakistan is Imminent, P@SHA Warns

Ali Ihsan, Senior Vice Chairman of Pakistan Software Houses Association (P@SHA), has unequivocally condemned the grave c...

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News Update

15

Aug 2024

Aug 15, 2024 • 5 min read

Pakistan’s Central Govt Debt Soars to Rs. 68.9 Trillion in June 2024

The total public debt stock of the federal government increased by 13 percent on a year-on-year (YoY) basis in June 2024...

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News Update

15

Aug 2024

Aug 15, 2024 • 5 min read

Lahore-Based Cafe Pays Rs. 6 Million Fine for Copying Starbucks Logo

Following the Supreme Court of Pakistan dismissed its appeal, Options International deposited the Rs. 6 million penalty...

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News Update

15

Aug 2024

Aug 15, 2024 • 5 min read

Rupee Stable Against US Dollar, Crashes Against Euro

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

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News Update

15

Aug 2024

Aug 15, 2024 • 5 min read

Govt Weighs Several Options to Settle Rs. 78.6 Billion Pending LDI Dues

The government is contemplating several options for the settlement of outstanding amounts of around Rs. 78.66 billion ag...

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News Update

15

Aug 2024

Aug 15, 2024 • 5 min read

ECC Approves Continuation of PM’s Relief Package Through Utility Stores for Another Year

Federal Minister for Finance Muhammad Aurangzeb chaired a meeting of the Economic Coordination Committee (ECC) of the Ca...

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News Update

15

Aug 2024

Aug 15, 2024 • 5 min read

PM Shehbaz Announces New Plan to Reduce Electricity Prices Soon

Prime Minister Shehbaz Sharif on Wednesday announced plans to reduce electricity tariffs which would be shared in the co...

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News Update

15

Aug 2024

Aug 15, 2024 • 5 min read

World Bank Rates Progress on Pakistan’s $400 Million Revenue Project

The Disbursement Linked Indicators (DLIs) regarding reduction in withholding tax (WHT) lines and implementation of track...

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News Update

15

Aug 2024

Aug 15, 2024 • 5 min read

Pakistan’s Petroleum Imports Soar 60% in July 2024 Over Previous Year

Pakistan’s petroleum group imports witnessed 60 percent growth in July 2024 and stood at $1.266 billion compared to $791...

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News Update

15

Aug 2024

Aug 15, 2024 • 5 min read

Pakistan Steel Mills Losses to Hit Rs. 600 Billion

Losses under Pakistan Steel Mills (PSM) are set to hit Rs. 600 billion, as revealed during a meeting of the National Ass...

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News Update

15

Aug 2024

Aug 15, 2024 • 5 min read

Pakistan’s Textile Exports Decrease by 3% in July 2024 Over Last Year

The country’s textile group exports decreased by 3 percent in July 2024 and stood at $1.271 billion as compared to $1.31...

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News Update

15

Aug 2024

Aug 15, 2024 • 5 min read

Gold Rate in Pakistan Retreats Slightly from Record High

The price of gold in Pakistan retreated slightly on Thursday from the all-time high of Rs. 257,700 recorded on Tuesday....

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News Update

15

Aug 2024

Aug 15, 2024 • 5 min read

FBR Officers Spend Rs. 212 Million on Petrol, Car Repairs Without Permission

The Auditor General of Pakistan’s audit objections of FBR for 2021-22 and 2022-23 revealed that the amount spent on petr...

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News Update

15

Aug 2024

Aug 15, 2024 • 5 min read

SBP Reserves Increase by $119 Million in One Week

The foreign exchange reserves held by the State Bank of Pakistan (SBP) posted an increase of $119 million on a weekly ba...

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