News & Updates

News Update

24

Jul 2024

Jul 24, 2024 • 5 min read

Pakistan Producing Export Quality Cars, Senate Body Informed

The Senate Standing Committee on Industries and Production was informed on Wednesday that Pakistani automakers are produ...

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News Update

24

Jul 2024

Jul 24, 2024 • 5 min read

FBR Stops Collecting Sales Tax on Chinese Imports At Sost Border

The Federal Board of Revenue (FBR) has stopped the collection of sales tax and income tax on Chinese imports from Sost B...

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News Update

24

Jul 2024

Jul 24, 2024 • 5 min read

US-Based Mercury Bank Blocks Services for Pakistanis Due to Fraud

US-based Mercury Bank has included Pakistan alongside Palestine, Nigeria, Mali, Somalia, Russia, Iran, and many others i...

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News Update

24

Jul 2024

Jul 24, 2024 • 5 min read

FBR Reluctant to Initiate Disciplinary Inquiries Against Senior Officers Placed on Admin Pool

The Federal Board of Revenue (FBR) has been reluctant to initiate disciplinary inquiries against those officers who were...

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News Update

24

Jul 2024

Jul 24, 2024 • 5 min read

Lucky Core Industries Approves Expansion Plan for Khewra Plant

The Board of Directors of Lucky Core Industries Limited (PSX: LCI) has formally approved a capacity expansion of 200,000...

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News Update

24

Jul 2024

Jul 24, 2024 • 5 min read

FBR to Charge Up to 7% FED on Transfer of Property

The Federal Board of Revenue (FBR) will charge 3 percent Federal Excise Duty (FED) on the allotment or transfer of comme...

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News Update

24

Jul 2024

Jul 24, 2024 • 5 min read

Zindigi 2.0 is Revolutionizing Digital Banking in Pakistan

In an era where digital transformation dictates the pace of advancements in the financial sector, Zindigi 2.0 arrives as...

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News Update

24

Jul 2024

Jul 24, 2024 • 5 min read

Mini-Budget Likely If IMF Remains Unsatisfied

The International Monetary Fund (IMF) has warned that Pakistan might need to consider a mini-budget if revenue targets a...

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News Update

24

Jul 2024

Jul 24, 2024 • 5 min read

Rupee Posts Losses 3rd Day in a Row Against US Dollar After Mini-Budget News

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

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News Update

24

Jul 2024

Jul 24, 2024 • 5 min read

Sindh Revenue Board Clarifies Reports of Increasing Tax on Card Payments At Restaurants

The government of Sindh has not reinstated a 15 percent service tax on debit and credit card payments at restaurants and...

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News Update

24

Jul 2024

Jul 24, 2024 • 5 min read

IT Ministry Reconstitutes Committee to Resolve Issue of Pending Dues By LDI Companies

The Ministry of Information Technology has reconstituted a steering committee to address the issue of arrears involving...

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News Update

24

Jul 2024

Jul 24, 2024 • 5 min read

IT Ministry Reverses Billions in Concessions for LDI Companies

Minister of State for IT Shaza Fatima Khawaja has reversed billions of rupees in exemptions previously granted to Long D...

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News Update

24

Jul 2024

Jul 24, 2024 • 5 min read

Honda Pakistan’s Q1 Profit Up 40% Despite Low Margins

Honda Atlas Cars (Pakistan) Limited (PSX: HCAR) announced its financial result for 1QMY25 today, posting a profit after...

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News Update

24

Jul 2024

Jul 24, 2024 • 5 min read

Govt Reconstitutes BoDs of Five DISCOs

The federal government has reconstituted the Board of Directors (BoDs) of five electricity distribution companies (DISCO...

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News Update

24

Jul 2024

Jul 24, 2024 • 5 min read

How Businesses Can Benefit from Installing Reliable Solar Technology

Solar energy has been a game changer for a number of businesses whose operations have been hindered due to unreliable tr...

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News Update

24

Jul 2024

Jul 24, 2024 • 5 min read

Chinese Trading Company Building A $50 Million Slaughterhouse in Gwadar

Prime Minister Muhammad Shahbaz Sharif on Tuesday met with a delegation from Hengeng Trading Company, led by Chairman Zh...

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News Update

24

Jul 2024

Jul 24, 2024 • 5 min read

Pakistan, Turkmenistan Agree to Expedite TAPI Pipeline Project

Pakistan and Turkmenistan Wednesday agreed to expedite the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline p...

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News Update

24

Jul 2024

Jul 24, 2024 • 5 min read

Market Expects SBP to Cut Key Interest Rate Next Week

The Monetary Policy Committee of the State Bank of Pakistan is scheduled to meet on July 29, 2024, to decide on the firs...

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News Update

24

Jul 2024

Jul 24, 2024 • 5 min read

Jamil Ahmad Qureshi Appointed as Secretary SIFC Division

The federal government has posted a grade 21 officer of the Board of Investment Jamil Ahmad Qureshi as Additional Secret...

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News Update

24

Jul 2024

Jul 24, 2024 • 5 min read

FTO Grills FBR for Failing to Facilitate Import of Luxury Car

Federal Tax Ombudsman (FTO) has unearthed a unique case of maladministration of the customs department where the departm...

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News Update

24

Jul 2024

Jul 24, 2024 • 5 min read

Pakistan Needs to Invest Over $13 Billion to Achieve Universal Electricity Access: World Bank

The total capital investment required to achieve universal electricity access in four provinces of Pakistan is estimated...

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