News & Updates

News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

IMF Asks Pakistan to Increase Electricity Price by Rs. 5 Per Unit Before July 10

The International Monetary Fund (IMF) has asked Pakistan to increase the electricity tariff by Rs. 5 per unit before Jul...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

Payoneer and Prosperity: Waleed Najam’s Tale of Success and Financial Freedom

Waleed Najam, a young entrepreneur from Pakistan, has been featured in the Payoneer Success Stories. Following Syed Arsl...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

Govt Imposes 2% Additional Customs Duty on 2,200 Items

The government has imposed a 2 percent additional customs duty on 2200 items to collect billions in revenue during the n...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

Govt Stops Army Heritage Foundation From Charging Ridiculous ROW Fees From Nayatel

Nayatel has won its case against the Army Heritage Foundation (AHF) over Right of Way (ROW) charges. The Cabinet Divisio...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

PPL Discovers More Gas Reserves in Sindh

Pakistan Petroleum Limited (PSX: PPL) on Tuesday said a gas discovery has been made in the exploratory well Tor-1 in Lat...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

Airlines Announce Huge Increase in International Ticket Price After New Tax

Bad news for people looking to travel abroad as all airlines have announced a substantial hike in the federal excise dut...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

Mari Petroleum Successfully Drills 4th Well in Sindh

Mari Petroleum Company Limited (PSX: MARI) has successfully drilled and tested a fourth appraisal well in Ghazij formati...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

Petroleum Sales in Pakistan Fall to Lowest Level in 18 Years

Pakistan recorded OMC sales of 15.28 million tons down by 8 percent year-on-year (YoY) in fiscal year 2023-24. According...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

Govt Bans Multiple Pensions And Limits Payouts to Family Members to 10 Years

The federal government has banned multiple pensions and limited pension paychecks to family members to 10 years. Under t...

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News Update

02

Jul 2024

Jul 02, 2024 • 5 min read

Domestic Cement Sales Fall by 4.5% in FY24

Cement despatches declined by 12.58 percent in June 2024. Total cement despatches in June 2024 were 3.552 million tons a...

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News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

Pakistan Railways Announces 3% Across-the-Board Increase in Freight Charges

The government has announced a 3 percent across-the-board increase in freight rates. All freight rates will be increased...

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News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

Kohat Textile Mills Inks Contract With SkyElectric for 3MW Solar Power System

Kohat Textile Mills Limited (PSX: KOHTM) has signed a contract with SkyElectric (Pvt.) Limited for the supply and instal...

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News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

SSGC Removes over 900 Illegal Connections in Sindh and Balochistan

Sui Southern Gas Company removed 915 illegal connections in residential areas of Sindh and Balochistan following targete...

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News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

PHDL Gives Physical Possession of Karachi’s Regent Plaza to SIUT Trust

Pakistan Hotels Developers Limited (PSX: PHDL) Monday announced that physical possession of the company property i.e. Re...

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News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

Jahangir Tareen Congratulates PM for Presenting Pro-People Budget

Istehkam-e-Pakistan Party (IPP) founder and member of the Economic Advisory Council (EAC) Jahangir Khan Tareen Monday co...

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News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

Cement Prices Increase in Pakistan After Budget

The retail price of cement has been increased up to Rs. 120 per bag in Pakistan. According to JS Global, cement players...

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News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

Gold Price in Pakistan Flat in Line With International Trend

The price of gold in Pakistan posted a marginal decline on Monday to settle at Rs. 241,500 per tola. According to data i...

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News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

Govt Imposes Up to 55% Regulatory Duty on Imported Goods

The Finance Bill 2024 has imposed increased regulatory duties on a wide range of imported goods, with rates varying from...

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News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

Govt Directs Ministries Not to Sell Duty-Free Goods Received as Gifts

The government has directed all Ministries to submit an undertaking that duty-free goods received as gifts or donations...

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News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

5Es Framework to Foster Economic Stability, Growth: Planning Minister

Federal Minister for Planning Ahsan Iqbal met with a delegation from Kearney, a leading global management consulting fir...

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News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

P@SHA Urges Govt to Support Growth in IT Sector

Federal Minister for Finance Muhammad Aurangzeb held a meeting with the Executive Committee Members of P@SHA  (Pakistan...

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