News & Updates

News Update

13

Aug 2024

Aug 13, 2024 • 5 min read

Karachiites to Pay Up to Rs. 400 Extra in Electricity Bills

The Karachi Metropolitan Corporation (KMC) has introduced a municipal tax on K-Electric (KE) bills, according to a priva...

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News Update

13

Aug 2024

Aug 13, 2024 • 5 min read

Gold Price in Pakistan Breaks All Previous Records to Climb to Record High

The price of gold in Pakistan surged to an all-time high on Tuesday after an increase of Rs. 1,200 per tola. According t...

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News Update

13

Aug 2024

Aug 13, 2024 • 5 min read

FBR Has Failed to Recover Rs. 85.6 Billion Pending Tax in Past Two Years: Report

The Federal Board of Revenue has failed to collect taxes of Rs. 85.63 billion in the past two years. The Auditor General...

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News Update

13

Aug 2024

Aug 13, 2024 • 5 min read

LDA Seals 40 Properties in Shadman and Gulshan-e-Ravi

The Lahore Development Authority (LDA) carried out enforcement actions against illegal commercial activities and non-pay...

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News Update

13

Aug 2024

Aug 13, 2024 • 5 min read

OGDC Discovers More Gas in Rahim Yar Khan

Oil and Gas Development Company Limited (PSX: OGDC) has discovered gas from its exploratory well, Chak 202-1, located in...

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News Update

13

Aug 2024

Aug 13, 2024 • 5 min read

Vehicle Sales Fall by 36% in July 2024 Amid Post-Tax Decline

Pakistan’s automobile sector witnessed a sharp decline in car sales for July 2024, with a 36% month-over-month (MoM) dro...

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News Update

13

Aug 2024

Aug 13, 2024 • 5 min read

SECP Revokes EFU Health Insurance Registration Amid Amalgamation Scheme

The Securities and Exchange Commission of Pakistan (SECP), has revoked the registration of M/s EFU Health Insurance Limi...

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News Update

13

Aug 2024

Aug 13, 2024 • 5 min read

Pak Rupee Posts Small Losses 2nd Day in a Row Against US Dollar

The Pakistani rupee (PKR) slid second day in a row against the US Dollar today after opening trade at 278 in the interba...

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News Update

13

Aug 2024

Aug 13, 2024 • 5 min read

Govt Reduces Price of Petrol Ahead of Schedule as Independence Day ‘Gift’

The federal government announced a reduction in the prices of petroleum products on Tuesday ahead of the scheduled fortn...

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News Update

13

Aug 2024

Aug 13, 2024 • 5 min read

Govt Divides Civil Aviation Authority into 3 Separate Entities

The federal government has divided the Civil Aviation Authority (CAA) into three separate entities. In an official notif...

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News Update

12

Aug 2024

Aug 12, 2024 • 5 min read

Engro Fertilizers Base Plant Resumes Operations

Engro Fertilizers Limited (PSX: EFERT) Monday said its Base Plant successfully resumed operations in the evening of Augu...

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News Update

12

Aug 2024

Aug 12, 2024 • 5 min read

FBR Unblocks Mobile SIMs of Over 100,000 Persons After Filing of Tax Returns

The Federal Board of Revenue (FBR) has restored blocked mobile SIMs of 103,000 persons who filed tax returns, according...

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News Update

12

Aug 2024

Aug 12, 2024 • 5 min read

SECP Conducts Awareness Session with Pakistan’s African Missions for Investment Facilitation

The Securities and Exchange Commission of Pakistan (SECP), in furtherance of its agenda of investment facilitation and s...

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News Update

12

Aug 2024

Aug 12, 2024 • 5 min read

74% of Pakistanis Are Struggling Financially

Financial difficulties among urban households in Pakistan have surged by 14% over the past year, resulting in a staggeri...

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News Update

12

Aug 2024

Aug 12, 2024 • 5 min read

Govt Decides to Limit DRAP’s Power By Forming New Independent Drug Pricing Body

The federal government has decided to establish a new and independent regulatory body to oversee the pricing of life-sav...

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News Update

12

Aug 2024

Aug 12, 2024 • 5 min read

Engro Fertilizers Launches App For Direct Purchasing

Engro Fertilizers Limited, Pakistan’s premier seed-to-harvest solutions provider, has introduced “UgAi”, a groundbreakin...

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News Update

12

Aug 2024

Aug 12, 2024 • 5 min read

Profit Rates on National Savings Schemes See Huge Decrease

The government has decreased the rates of profit on national savings certificates and schemes by up to 150 basis points...

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News Update

12

Aug 2024

Aug 12, 2024 • 5 min read

Here’s Why Your Internet is Slower Than Usual These Days

The federal government’s intensified efforts to monitor internet traffic have led to a significant slowdown in internet...

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News Update

12

Aug 2024

Aug 12, 2024 • 5 min read

Islamic Development Bank to Give $500 Million Loan to Pakistan for Oil Imports

Pakistan will receive a $500 million loan from the Islamic Development Bank (IsDB) in the current financial year, top so...

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News Update

12

Aug 2024

Aug 12, 2024 • 5 min read

Rupee Holds Its Own At 278 Against Dollar Despite Small Losses

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

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News Update

12

Aug 2024

Aug 12, 2024 • 5 min read

Cabinet Committee Approves Appointment of Independent Directors on Boards of ZTBL, NTDC

The Federal Minister for Finance & Revenue Senator Muhammad Aurangzeb presided over a meeting of the Cabinet Committee o...

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