News & Updates

News Update

04

Jul 2024

Jul 04, 2024 • 5 min read

LESCO Clarifies Reports of Banning Green Meters Used With Solar Panels

Lahore Electric Supply Company (LESCO) has dismissed claims about banning Green Electricity Meters. In a statement on We...

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News Update

04

Jul 2024

Jul 04, 2024 • 5 min read

SBP Reserves Increase by Almost Half a Billion Dollars

The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by almost half a billion dollars on a weekly...

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News Update

04

Jul 2024

Jul 04, 2024 • 5 min read

Textile Industry Urges Govt to Re-Negotiate Deal With IPPs to Reduce Electricity Tariffs

The All Pakistan Textile Mills Association (APTMA) has urged the federal government to renegotiate agreements with Indep...

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News Update

04

Jul 2024

Jul 04, 2024 • 5 min read

Cabinet Committee Approves Categorization of SOEs

Federal Minister for Finance Senator Muhammad Aurangzeb presided over a meeting of the Cabinet Committee on State-Owned...

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News Update

04

Jul 2024

Jul 04, 2024 • 5 min read

DealCart Raises $3 Million to Empower Pakistan’s Digitally Savvy Consumers

DealCart, a social e-commerce startup focused on transforming the way Pakistani consumers access essential goods, has su...

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News Update

04

Jul 2024

Jul 04, 2024 • 5 min read

Rupee Plunges Against All Major Currencies Despite IMF News

The Pakistani rupee (PKR) lost further ground third day in a row against the US Dollar today after opening trade at 278...

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News Update

04

Jul 2024

Jul 04, 2024 • 5 min read

Planning Minister Stresses Combating Hoarding to Rein In Inflation

Planning Minister Ahsan Iqbal chaired a meeting of the National Price Monitoring Committee held today in Islamabad. In h...

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News Update

04

Jul 2024

Jul 04, 2024 • 5 min read

FBR Implements Pick-and-Choose Approach for Senior Revenue and Customs Officers

The Federal Board of Revenue has apparently adopted a pick-and-choice policy in placing senior Inland Revenue Service an...

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News Update

04

Jul 2024

Jul 04, 2024 • 5 min read

Federal Cabinet Approves Rs. 5.72 Per Unit Hike in NEPRA Base Tariff on IMF Demand

The federal cabinet has approved a hike in the base electricity tariff, effective from July 1, 2024. The National Electr...

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News Update

04

Jul 2024

Jul 04, 2024 • 5 min read

Tri-Pack Films Commissions New BOPP Film Line

Tri-Pack Films Limited (PSX: TRIPF) Thursday announced that expansion of its New Biaxially Oriented Poly Propylene (BOPP...

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News Update

04

Jul 2024

Jul 04, 2024 • 5 min read

Auto Industry Asks Govt to Impose 25% Regulatory Duty on Small Used Cars

The auto industry has requested the federal government to impose a 25 percent regulatory duty on imported small (used) c...

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News Update

04

Jul 2024

Jul 04, 2024 • 5 min read

Pakistan Ideal Trade Route For SCO Member States: PM Shehbaz

Prime Minister Muhammad Shehbaz Sharif delivered Pakistan’s national statement at the SCO Council of Heads of State Summ...

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News Update

04

Jul 2024

Jul 04, 2024 • 5 min read

FBR Incurs Rs. 78 Billion Annual Loss Due to Tax Exemptions Given to Pensioners

The income tax exemption to pensioners has caused an annual revenue loss of Rs. 78 billion to the national kitty. Accord...

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News Update

04

Jul 2024

Jul 04, 2024 • 5 min read

Over 3 Dozen Businesses Sealed in Lahore

The Lahore Development Authority (LDA) continued its crackdown on building bylaw violations and illegal commercial activ...

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News Update

04

Jul 2024

Jul 04, 2024 • 5 min read

Govt Imposes Up to 20% Tax on Prize Bond, Lottery Winners

The federal government has imposed a fixed tax rate of up to 20 percent on winnings from prize bonds and lotteries throu...

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News Update

03

Jul 2024

Jul 03, 2024 • 5 min read

Balochistan Grants Two Exploration Licenses to Mari Mining Company For Chagai

The Directorate General Mines & Minerals Balochistan has granted two Exploration Licenses for mineral exploration in Dis...

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News Update

03

Jul 2024

Jul 03, 2024 • 5 min read

PM Seeks Revival of Barter Trade with Russia in Meeting with President Putin

In a meeting with Russian President Vladimir Putin, Prime Minister Shehbaz Sharif Wednesday emphasized the need to overc...

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News Update

03

Jul 2024

Jul 03, 2024 • 5 min read

Gold Price in Pakistan Posts First Increase This Week

The price of gold in Pakistan posted its first increase during the current week on Wednesday. According to data issued b...

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News Update

03

Jul 2024

Jul 03, 2024 • 5 min read

Central Business District Punjab Finalizes Fastest Land Deal Worth Rs. 6.9 Billion

The Punjab Central Business District Development Authority (PCBDDA), also known as Central Business District Punjab (CBD...

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News Update

03

Jul 2024

Jul 03, 2024 • 5 min read

Refineries Unhappy With Govt Exempting Imported Fuel From Sales Tax

Refineries are not happy with the government’s decision to exempt imported petroleum products from sales tax, a move tha...

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News Update

03

Jul 2024

Jul 03, 2024 • 5 min read

Disabled Man Decides to Sell Organs to Pay Electricity Bill

In a heart-wrenching plea, a disabled resident of Pindi Esa, near Jaranwala, has announced his intention to sell his eye...

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