News & Updates

News Update

31

Jul 2024

Jul 31, 2024 • 5 min read

S&P Global Maintains CCC+ Rating for Pakistan Amid Political Risks

The Standard and Poor (S&P Global Ratings) affirmed its ‘CCC+’ long-term sovereign credit rating and ‘C’ short-term rati...

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News Update

31

Jul 2024

Jul 31, 2024 • 5 min read

Chairman FBR Requests for Early Retirement Amid Tensions With PM Office

Chairman Federal Board of Revenue (FBR) Malik Amjad Zubair Tiwana has requested early retirement after being unable to r...

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News Update

31

Jul 2024

Jul 31, 2024 • 5 min read

Czech-Based Group to Acquire German Conglomerate in Pakistan

Czech-based EP Corporate Group (EPCG) will acquire over 20 percent shares from the German industrial conglomerate Thysse...

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News Update

31

Jul 2024

Jul 31, 2024 • 5 min read

LESCO Audit Reveals Overbilling and More Irregularities Worth Billions

The Lahore Electric Supply Company (LESCO) audit for fiscal year 2023-2024 revealed significant financial irregularities...

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News Update

31

Jul 2024

Jul 31, 2024 • 5 min read

All Electricity Companies Overbilled Consumers: NEPRA

The National Electric Power Regulatory Authority (NEPRA) has identified over-billing by all power distribution companies...

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News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

Sindh High Court Stops FBR From Transferring Senior Officers to Admin Pool

Sindh High Court (SHC) has suspended notification of the Federal Board of Revenue (FBR) to transfer senior tax officials...

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News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

SECP Issues Simplified Format for Insurance Products

The Securities and Exchange Commission of Pakistan issued a revised illustration format to improve the readability, stan...

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News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

Islamabad to Switch from Big Houses to Vertical Housing

In a significant move towards sustainable urban development, Federal Minister for Planning Ahsan Iqbal has directed Capi...

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News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

Govt to Hire Private Appraisers for Assessing Value of Toshakhana Gifts

The government has decided to hire Private Appraisers for the Assessment of Toshakhana Gifts. The appraisers would asses...

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News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

Gold Rate in Pakistan Falls Slightly But Remains Near Record High

The price of gold in Pakistan fell by Rs. 400 per tola on Tuesday but remained near the record high level of Rs. 254,000...

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News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

FBR to Charge Up to 15% Tax on Profit on Development and Sale of Property

The Federal Board of Revenue (FBR) has shared details on the collection of taxes on earnings from real estate developers...

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News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

Rupee Closes in Red Against US Dollar, British Pound Despite Good News From SBP

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

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News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

Earn Free Tokens with KuCoin’s Latest Offering: GemSlot

KuCoin, a leading global cryptocurrency exchange, is thrilled to announce the launch of its exciting new product GemSlot...

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News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

USF Invested Rs. 79 Billion in Rural Telecom Expansion in Last Five Years

The Universal Service Fund (USF) has launched 85 projects worth Rs. 79.1 billion in the last five years to expand teleco...

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News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

Govt to Issue Debit Cards for State-Owned Enterprises

The federal government has decided to issue debit/credit cards for state-owned enterprises (SOEs) to address petty cash...

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News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

KIBOR Rates Drop By Up to 53 Basis Points After SBP Decision

KIBOR tenors of 1-Week, 2-Week and 1-Month fell by up to 53 basis points (bps) on a day-on-day (DoD) basis after the cen...

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News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

Govt Expects Inflation to be Around 12-13% for July

The federal government expects inflation to be around 12-13 percent for July 2024 and 11-12 percent in August 2024. In i...

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News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

FBR Directs Sales Tax Registered Persons to Get Biometric Re-Verification

The Federal Board of Revenue (FBR) has directed certain categories of sales tax registered persons to go to National Dat...

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News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

Tribunal Upholds CCP’s Penalty on Cable Manufacturer

The Competition Appellate Tribunal (CAT) has dismissed appeal of Zafar Cables against the Competition Commission of Paki...

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News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

Laborer in Jhelum Receives Rs. 18 Lac Electricity Bill

A laborer in Jhelum was astonished to receive an electricity bill of over Rs. 1,800,000 for July. The resident of Dina L...

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News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

FFC Posts Highest Ever Quarterly Profit of Rs. 15.5 Billion in Q2 2024

Fauji Fertilizer Company Limited (PSX: FFC) has announced its financial results for the quarter that ended on June 30, 2...

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