News & Updates

News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

Govt to Form Taskforce to Boost Technology Rollout for Better Crop Yield

Minister for National Food Security and Research, Rana Tanveer Hussain agreed to form a taskforce comprising experts and...

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News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

Govt is Considering a Sales Tax on Petrol

The federal government is considering imposing a sales tax on petroleum products to fetch billions of rupees more tax re...

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News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

Govt Expects Big Industry to Continue Recovery in FY25

The Finance Division expects the large-scale manufacturing (LSM) sector to continue on its path to recovery during the c...

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News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

PIA Sale: Govt Offers High-Risk Terms to Buyer

The federal government has proposed risky terms for the sale of majority stakes in Pakistan International Airlines (PIA)...

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News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

PM Shehbaz Orders Urgent Investigation of Wheat Scandal

Prime Minister Shehbaz Sharif has ordered an urgent investigation into the mysterious disappearance of 34,000 tons of wh...

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News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

Aurangzeb Urges Banks to Prioritize Lending to Farmers

Federal Minister for Finance Muhammad Aurangzeb visited the Pakistan Banks’ Association and met with the Presidents & CE...

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News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

Pakistan’s Budget Deficit Improves to 6.8% of GDP in FY24

Pakistan’s budget deficit improved to 6.8 percent of gross domestic product (GDP) (Rs. 7.2 trillion) in the last fiscal...

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News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

Pakistan’s External Position Improved in FY24 Due to Higher Exports, Remittances

The ministry of finance said Tuesday that Pakistan’s external account position improved in the fiscal year 2023-24 (FY24...

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News Update

30

Jul 2024

Jul 30, 2024 • 5 min read

Govt Is Determined to Tax Agriculture Sector to Expand Tax Net: Finance Minister

Finance Minister Muhammad Aurangzeb on Tuesday made it clear that the government will tax the agriculture sector to expa...

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News Update

29

Jul 2024

Jul 29, 2024 • 5 min read

SECP Issues Consultation Paper to Revamp Mutual and Pension Fund Regimes

The Securities and Exchange Commission of Pakistan (SECP) has published a consultation paper, suggesting various alterat...

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News Update

29

Jul 2024

Jul 29, 2024 • 5 min read

PM Shehbaz Hails Upgrading of Pakistan’s Rating by Fitch

Prime Minister Shehbaz Sharif Monday hailed the upgrading of Pakistan’s long-term foreign currency issuer default rating...

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News Update

29

Jul 2024

Jul 29, 2024 • 5 min read

FPCCI President Warns Inflation Will Skyrocket Due to Heavy Taxes, Electricity Prices

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh has said that the inflation...

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News Update

29

Jul 2024

Jul 29, 2024 • 5 min read

Finance Minister Applauds PM’s Youth Business and Agriculture Loan Scheme

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with the Chairman Prime Minister’s Yo...

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News Update

29

Jul 2024

Jul 29, 2024 • 5 min read

LHC Prohibits FIA from Taking Coercive Measures Against FBR Officers

The Lahore High Court has barred the Federal Investigation Agency (FIA) from taking coercive measures against the Federa...

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News Update

29

Jul 2024

Jul 29, 2024 • 5 min read

Pakistan Can be Part of World’s Top 15 Economies by 2047: Planning Minister

Planning Minister Ahsan Iqbal Monday said Pakistan has the potential to emerge among the top 10-15 largest economies of...

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News Update

29

Jul 2024

Jul 29, 2024 • 5 min read

NA Panel Irked Over Non-Appointment of MD Pakistan Bait-ul-Mal

The Standing Committee of the National Assembly on Poverty Alleviation & Social Safety took strict notice of the non-app...

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News Update

29

Jul 2024

Jul 29, 2024 • 5 min read

SBP Cuts Key Interest Rate 2nd Time in Less Than Two Months

The State Bank of Pakistan (SBP) announced on Monday that it has decreased the interest rate by 100 basis points to 19.5...

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News Update

29

Jul 2024

Jul 29, 2024 • 5 min read

Telcos Oppose Rightsizing of IT Ministry

Telecom operators have raised significant concerns over the rightsizing of the Ministry of IT and Telecom (MoIT&T). The...

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News Update

29

Jul 2024

Jul 29, 2024 • 5 min read

MOL Discovers More Gas and Condensate in KP

The Hungarian Oil and Gas Public Limited Company MOL Group has discovered hydrocarbons at TAL Block in exploratory well...

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News Update

29

Jul 2024

Jul 29, 2024 • 5 min read

Foreign Companies in Pakistan Send Highest-Ever Profit Abroad in 6 Years

Foreign companies’ repatriation of profits and dividends rose to $2,215 million in the financial year 2023-24, up by 6.7...

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News Update

29

Jul 2024

Jul 29, 2024 • 5 min read

Fitch Ratings Upgrades Pakistan’s Outlook to CCC+

FitchRatings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘CCC’. The up...

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