News & Updates

News Update

07

Aug 2024

Aug 07, 2024 • 5 min read

Govt to Give New Power Incentives to Industry in Next Two Months

The federal government will introduce new power incentive packages over the next two months, according to Federal Minist...

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News Update

07

Aug 2024

Aug 07, 2024 • 5 min read

Power Sector Employees Get Free Electricity Worth Rs. 15 Billion Annually

During a recent meeting of the Senate Standing Committee on Power, it was revealed that about 190,000 power sector emplo...

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News Update

07

Aug 2024

Aug 07, 2024 • 5 min read

FTO Orders FBR to Facilitate Timely Sales Tax Refunds Via PRA

Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue’s (FBR)  Chief (Sales Tax Refund) to ensure system...

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News Update

07

Aug 2024

Aug 07, 2024 • 5 min read

Pakistani Rupee Falls Third Day in a Row Against US Dollar

The Pakistani rupee (PKR) fell 3rd day in a row against the US Dollar today after opening trade at 278 in the interbank...

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News Update

07

Aug 2024

Aug 07, 2024 • 5 min read

Govt Slaps Rs. 5,000 Per Air Ticket Excise Duty on Laborers Travelling to Gulf Countries

The Federal Board of Revenue (FBR) will charge fixed amount of federal excise duty (FED) of Rs. 5,000 per ticket from th...

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News Update

07

Aug 2024

Aug 07, 2024 • 5 min read

Aurangzeb Highlights Pakistan’s Economic Performance in Meeting with Finnish Envoy

Ambassador of Finland to Pakistan Hannu Ripatti called on Minister Senator Muhammad Aurangzeb at Finance Division today....

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News Update

07

Aug 2024

Aug 07, 2024 • 5 min read

Govt to Appoint Rashid Mahmood Langrial As New FBR Chairman

The federal government has decided to appoint Secretary Power Rashid Mahmood Langrial as the new Chairman Federal Board...

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News Update

07

Aug 2024

Aug 07, 2024 • 5 min read

Rashid Mahmood Langrial Appointed New FBR Chairman

The federal government has appointed Rashid Mahmood Langrial, a BS-21 officer of the Pakistan Administrative Service, as...

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News Update

07

Aug 2024

Aug 07, 2024 • 5 min read

Gold Rate in Pakistan Falls for Fourth Straight Session But Remains Near Record Level

The price of gold in Pakistan fell for the fourth straight day on Wednesday after hitting record high last week. Accordi...

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News Update

07

Aug 2024

Aug 07, 2024 • 5 min read

MCB Bank Posts Highest Ever Half-Yearly Profit in H1 2024

The Board of Directors of MCB Bank Limited (MCB) in its meeting under the Chairmanship of Mian Mohammad Mansha, on Augus...

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News Update

07

Aug 2024

Aug 07, 2024 • 5 min read

Govt Raises Rs. 355 Billion Via T-Bills, Cut-Off Yields Down up to 54 BPS

The cut-off yields on Treasury Bills (T-Bills) went down by up to 54 basis points (bps) in the auction of the paper held...

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News Update

07

Aug 2024

Aug 07, 2024 • 5 min read

PEMRA’s Policy Bias is Hurting Pakistani Cinemas

In a turn of events that has left the Pakistan entertainment industry reeling, Mandviwalla Entertainment announced that...

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News Update

07

Aug 2024

Aug 07, 2024 • 5 min read

Finance Division Reconstitutes 4-Member Committees for Hiring SECP Commissioner

The Finance Division has re-constituted four member committees under the chair of State Minister for Finance and Revenue...

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News Update

07

Aug 2024

Aug 07, 2024 • 5 min read

Planning Minister Inaugurates Two Emerging Technologies Projects

Federal Minister for Planning Ahsan Iqbal inaugurated two projects under the Public Sector Development Program (PSDP) on...

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News Update

07

Aug 2024

Aug 07, 2024 • 5 min read

KAPCO Rebuts Claims of Receiving Capacity Payments Without Producing Electricity

Kot Addu Power Company Limited (PSX: KAPCO) clarified on Wednesday that the company’s power plant has not received payme...

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News Update

07

Aug 2024

Aug 07, 2024 • 5 min read

Dewan Farooque Motors Likely to Convert Pending Loans Into Equity

Dewan Farooque Motors Limited (PSX: DFML) is likely to approve the conversion of outstanding loans from Sponsor and Asso...

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News Update

06

Aug 2024

Aug 06, 2024 • 5 min read

No Sales Tax on Petroleum Products, Confirms Finance Minister

Finance Minister Muhammad Aurangzeb on Tuesday confirmed that the federal government will not impose a sales tax on petr...

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News Update

06

Aug 2024

Aug 06, 2024 • 5 min read

Engro Fertilizers Closes Main Plant For a Few Days

Engro Fertilizers Limited (PSX: EFERT) has decided to shut down its base plant for maintenance, the company informed the...

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News Update

06

Aug 2024

Aug 06, 2024 • 5 min read

Industry Warns FBR of Misclassification of Steel Products Causing Big Revenue Loss

The documented steel sector has informed the Federal Board of Revenue (FBR) that the misclassification of steel products...

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News Update

06

Aug 2024

Aug 06, 2024 • 5 min read

Fitch Ratings Upgrades WAPDA to CCC+

Fitch Ratings has upgraded Pakistan Water and Power Development Authority’s (WAPDA) Long-Term Foreign-Currency Issuer De...

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News Update

06

Aug 2024

Aug 06, 2024 • 5 min read

SIUT Trust Inks Deal for Regent Plaza Hotel

A formal agreement signing and transfer of the title and possession was carried between SIUT (Sindh Institute of Urology...

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