News & Updates

News Update

10

Jul 2024

Jul 10, 2024 • 5 min read

Security Survey 2024 Reveals Worsening Situation in Pakistan

The Overseas Investors Chamber of Commerce and Industry (OICCI), has released the results of its latest Security Survey...

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News Update

10

Jul 2024

Jul 10, 2024 • 5 min read

No Delay to be Tolerated in Downsizing, Rightsizing Process: PM

Prime Minister Shehbaz Sharif Wednesday said he will personally oversee the process of downsizing and rightsizing and wi...

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News Update

10

Jul 2024

Jul 10, 2024 • 5 min read

Climate Change Will Make Up to 9 Million People Poor in Pakistan: World Bank

Climate change is thought to be the biggest long-term and unmitigated external risk to water security in Pakistan, and i...

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News Update

10

Jul 2024

Jul 10, 2024 • 5 min read

Govt Exploring Possibility of Removing Current Electricity Meter Reading System

The federal government is actively evaluating the possibility of eliminating the current electricity meter reading syste...

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News Update

10

Jul 2024

Jul 10, 2024 • 5 min read

Punjab Govt Approves Solar Panels for People Using Up to 500 Units of Electricity

The Punjab cabinet has approved solar systems for 4.5 million consumers using up to 500 units of electricity. This decis...

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News Update

10

Jul 2024

Jul 10, 2024 • 5 min read

ECNEC Approves ML-1 Upgrade

The Executive Committee of the National Economic Council (ECNEC) met under the chairmanship of Deputy Prime Minister and...

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News Update

10

Jul 2024

Jul 10, 2024 • 5 min read

IATA Demands Pakistan to Lower Tax Rate on Airline Tickets

The International Air Transport Association (IATA) has called on Pakistan to reduce the new tax on airline tickets. The...

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News Update

10

Jul 2024

Jul 10, 2024 • 5 min read

Govt Notifies 15% Increase in Pensions

The Finance Division on Wednesday notified a 15 percent increase in pension to pensioners of the federal government. In...

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News Update

10

Jul 2024

Jul 10, 2024 • 5 min read

FBR Transfers Over Two Dozen Senior Customs Officers

The Federal Board of Revenue (FBR) has transferred and posted 25 officials of Pakistan Customs Service (BS-18-20) with i...

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News Update

10

Jul 2024

Jul 10, 2024 • 5 min read

IMF Wants Pakistan to Abolish Its Sovereign Wealth Fund for New Loan

The International Monetary Fund (IMF) has demanded the federal government to eliminate Pakistan Sovereign Wealth Fund (P...

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News Update

10

Jul 2024

Jul 10, 2024 • 5 min read

PSX to Remain Closed For 2 Days Next Week

The Pakistan Stock Exchange (PSX) announced that it will remain closed on 16 July and 17 July being public holidays on t...

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News Update

10

Jul 2024

Jul 10, 2024 • 5 min read

FBR Revises Customs Value on Import of Scent, Toilet Sprays

Directorate General of Customs Valuation Karachi has revised customs values on the import of Scent and Similar Toilet Sp...

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News Update

09

Jul 2024

Jul 09, 2024 • 5 min read

Massive Ransomware Attack Hits Global Card Processing Company in Pakistan

TPS Worldwide, a card processing company that provides services to banks, telcos, and other financial institutions, came...

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News Update

09

Jul 2024

Jul 09, 2024 • 5 min read

UDL International Limited Set to Make PSX Debut

Pakistan Stock Exchange (PSX) Tuesday announced the listing of UDL International Limited (UDLI) with effect from July 10...

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News Update

09

Jul 2024

Jul 09, 2024 • 5 min read

Local Mobile Makers Want Govt to Ban Import of Used Mobile Phones

Local mobile phone manufacturers have urged the government to ban the import of used mobile phones to support the local...

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News Update

09

Jul 2024

Jul 09, 2024 • 5 min read

PMLTC CEO Highlights Currency Conversion, Sales Tax Recovery Issues in Meeting with Finance Minister

Finance Minister Muhammad Aurangzeb was called on by the President and CEO of Pak Matiari-Lahore Transmission Company (P...

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News Update

09

Jul 2024

Jul 09, 2024 • 5 min read

FBR Revises Customs Value on Import of Solid Surface Material

Directorate General of Customs Valuation Karachi has revised customs values on the import of solid surface materials or...

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News Update

09

Jul 2024

Jul 09, 2024 • 5 min read

Finance Minister Vows to Support Agri, Livestock Sectors Through Enhanced Financing Mechanisms

Federal Minister for Finance Senator Muhammad Aurangzeb was called on by the Chairman Nestle Pakistan Syed Yawar Ali and...

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News Update

09

Jul 2024

Jul 09, 2024 • 5 min read

Govt Cancels New Electricity Prices for Consumers Below 200 Units

The federal government has decided to withdraw the increased electricity prices for both protected and non-protected con...

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News Update

09

Jul 2024

Jul 09, 2024 • 5 min read

IHC Issues Notices to FBR Officials in Contempt Petition

Islamabad High Court (IHC) has issued notices to the Commissioner Inland Revenue (IR) and Assistant Commissioner, IR of...

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News Update

09

Jul 2024

Jul 09, 2024 • 5 min read

Pakistan’s Remittances Increase by 11% to Cross $30 Billion in FY24

Remittances sent by overseas Pakistanis increased by 10.7 percent to $30.25 billion in fiscal year 2023-24 (FY24) compar...

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