News & Updates

News Update

01

Aug 2024

Aug 01, 2024 • 5 min read

IMF-Backed Reforms in Taxation, Privatization, SOEs Now Unavoidable: Finance Minister

The government now has no other choice but to proceed with crucial reforms in taxation, privatization, energy and State-...

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News Update

01

Aug 2024

Aug 01, 2024 • 5 min read

CCP Recovers Rs. 32 Million From Cartels for Violating Competition Law

The Competition Commission of Pakistan (CCP) has made notable progress in its ongoing battle against cartelism, successf...

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News Update

01

Aug 2024

Aug 01, 2024 • 5 min read

Power Markets a Monopoly in Many Middle-Income Countries: World Bank

The World Bank has said that power markets are still a monopoly in many middle-income countries. The Bank in its latest...

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News Update

01

Aug 2024

Aug 01, 2024 • 5 min read

Ishaq Dar Lays Foundation Stone of New SECP Head Office Building

The Deputy Prime Minister of Pakistan and Federal Senior Minister for Foreign Affairs, Senator Muhammad Ishaq Dar, laid...

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News Update

01

Aug 2024

Aug 01, 2024 • 5 min read

Govt Extends Electricity Bill Payment Due Dates After DISCOs Accused of Overbilling

The federal government has extended the due dates of electricity bills by 10 days after several complaints that power di...

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News Update

31

Jul 2024

Jul 31, 2024 • 5 min read

PHDL Transfers Title of Regent Plaza to SIUT Trust

Pakistan Hotels Developers Limited (PSX: PHDL) Wednesday announced that it has transferred the title of Regent Plaza Hot...

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News Update

31

Jul 2024

Jul 31, 2024 • 5 min read

Pak Suzuki Has Started Exporting Vehicles to Bangladesh and Afghanistan: CEO

Pak Suzuki Motor Company Limited has started exporting vehicles to Bangladesh and Afghanistan. This was revealed during...

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News Update

31

Jul 2024

Jul 31, 2024 • 5 min read

UBL Posts Half-Year Profit of Rs. 30.8 Billion

United Bank Limited (UBL) Wednesday announced a consolidated profit after (PAT) tax of Rs. 30.8 billion for the half yea...

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News Update

31

Jul 2024

Jul 31, 2024 • 5 min read

Toyota Indus Motors Starts Export of Certain Vehicles to Affiliated Companies

Indus Motor Company Limited (PSX: INDU) has commenced an export activity of certain vehicles to other Toyota-affiliated...

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News Update

31

Jul 2024

Jul 31, 2024 • 5 min read

CDA Announces Steps to Enhance Capital and Revenue

A meeting of the Capital Development Authority (CDA) Board was held at the CDA Headquarters, chaired by Chairman CDA, Mu...

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News Update

31

Jul 2024

Jul 31, 2024 • 5 min read

Gold Rate in Pakistan Climbs to Near All-Time High

The price of gold in Pakistan rose on Wednesday as it neared the record-high mark once again. According to data issued b...

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News Update

31

Jul 2024

Jul 31, 2024 • 5 min read

Engro Fertilizers’ Profit Up 73% in First Half of 2024

Engro Fertilizers Limited (PSX: EFERT) announced its financial results for 1HCY24 posting a consolidated profit after Ta...

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News Update

31

Jul 2024

Jul 31, 2024 • 5 min read

FBR Surpasses Tax Collection Target for July

The Federal Board of Revenue (FBR) has provisionally collected over Rs. 659 billion in July 2024 against the assigned ta...

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News Update

31

Jul 2024

Jul 31, 2024 • 5 min read

FBR Abolishes Sales Tax on Auction of Used Cars

The Federal Board of Revenue (FBR) has abolished 18 percent sales tax on auction of serviceable old and used vehicles wh...

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News Update

31

Jul 2024

Jul 31, 2024 • 5 min read

Pakistan Likely to Get $12 Billion Loan Rollover From China, KSA, UAE Soon

Pakistan is likely to get $12 billion in debt rolled over from China, Saudi Arabia and UAE soon, Finance Ministry source...

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News Update

31

Jul 2024

Jul 31, 2024 • 5 min read

SEARL to Sell its Entire Shareholding in Searle Pakistan Limited

The Board of Directors of The Searle Company Limited (PSX: SEARL) has approved the sale of its entire shareholding in it...

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News Update

31

Jul 2024

Jul 31, 2024 • 5 min read

Rupee Falls 3rd Day in a Row Against US Dollar As Uncertainty Worsens

The Pakistani rupee (PKR) lost further ground against the US Dollar today after opening trade at 278 in the interbank ma...

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News Update

31

Jul 2024

Jul 31, 2024 • 5 min read

PSX Loses Over 700 Points to Close Below 78,000 After Nationwide Internet Outage

Bears wrecked the Pakistan Stock Exchange (PSX) on Wednesday with the benchmark KSE-100 index losing over 700 points in...

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News Update

31

Jul 2024

Jul 31, 2024 • 5 min read

Excise Department Ends 5% Discount on Online Property Tax Payment in Punjab

Punjab’s Department of Excise, Taxation, and Narcotics Control has removed the 5% discount previously offered for online...

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News Update

31

Jul 2024

Jul 31, 2024 • 5 min read

Govt Cuts Prices of Petrol and Diesel

The federal government has announced a cut in the prices of petrol and high-speed diesel. According to a notification is...

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News Update

31

Jul 2024

Jul 31, 2024 • 5 min read

Govt Creates 27-Member Committee for Parliamentarian Schemes With Ishaq Dar As Chairman

The federal cabinet has created a whopping 27-member steering committee for overseeing parliamentarian schemes with Depu...

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