News & Updates

News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

OGRA Notifies Slight Increase in LPG Prices for July

The Oil and Gas Regulatory Authority (OGRA) has increased the price of indigenous liquefied petroleum gas (LPG) by Rs. 0...

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News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

MetaTech Trading Ltd to Merge With Big Bird Foods

The Lahore High Court, in its order dated June 26, 2024, has approved the Scheme of Arrangement and Reconstruction for t...

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News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

JS Bank PACRA Rating Upgraded to “AA” for Exceptional Financial Performance

JS Bank, a premier financial institution renowned for its dedication to excellence and innovation, has received “AA” rat...

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News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

Pakistan Misses Inflation Target of 21% For FY24

Pakistan’s Consumer Price Index (CPI) based inflation increased to 12.6 percent year-on-year (YoY) in June 2024 compared...

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News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

Packaged Milk Is Now 25% More Expensive Thanks to New Taxes

The price of packaged milk has increased by Rs. 75 per liter or 25 percent after the federal government’s pro-IMF budget...

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News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

FBR Exceeds Tax Collection Target for FY24

The Federal Board of Revenue (FBR) has comfortably achieved its revenue collection target for FY 2023-24 by collecting R...

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News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

Dealers Threaten to Shut Down Petrol Pumps

The Pakistan Petroleum Dealers Association (PPDA) has threatened to shut down petrol stations nationwide on Friday, July...

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News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

Salaried Class Appeals to Supreme Court Against ‘Unfair Taxes’ in Budget

The Salaried Class Alliance of Pakistan has appealed to the Supreme Court of Pakistan to take suo moto notice against th...

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News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

Premier Code (Pvt.) Ltd. Partners with Bank Alfalah to Pioneer Local Manufacturing of POS Machines in Pakistan

Premier Code (Pvt.) Limited, a leading technology company dedicated to providing cutting-edge solutions under DCODE, pro...

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News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

Former PM Says Current Budget is the Worst in Pakistan’s History

Former Prime Minister Shahid Khaqan Abbasi Monday said that the budget presented by the incumbent federal government is...

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News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

CCP Approves 100% Acquisition of Medialogic Pakistan

The Competition Commission of Pakistan (CCP) has green light a merger within the TV ratings and streaming market. The ap...

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News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

Finance Minister Praises FBR for Achieving Tax Collection Target for FY24

Finance Minister Muhammad Aurangzeb visited the Federal Board of Revenue (FBR) Headquarters today and held a meeting wit...

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News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

Hascol Losses Increase by 26% to Rs. 18 Billion in 2023

Hascol Petroleum Limited has announced its financial results for the calendar year ended 31 December 2023, whereby losse...

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News Update

01

Jul 2024

Jul 01, 2024 • 5 min read

Steel Rebar Prices in Pakistan Increase by Massive Rs. 5,000 per Ton

The domestic prices of steel products have been increased by Rs. 5,000 to rise by up to Rs. 273,000 per ton. Domestic st...

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News Update

30

Jun 2024

Jun 30, 2024 • 5 min read

Govt to Tax Dual Nationals, Tech Companies for Income Generated in Pakistan

The government has expanded the scope of taxation for those non-residents who earn income in Pakistan through digital me...

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News Update

30

Jun 2024

Jun 30, 2024 • 5 min read

Govt Exempts FBR From Paying Court Fees on Filing Cases Against Taxpayers

The government has exempted Commissioner Inland Revenue from payment of a court fee of Rs. 50,000 on filing an income ta...

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News Update

30

Jun 2024

Jun 30, 2024 • 5 min read

President Asif Ali Zardari Approves IMF-Made Finance Bill 2024

President Asif Ali Zardari has approved the Finance Bill 2024 under Article 75 for fiscal year 2024-25. The approval com...

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News Update

30

Jun 2024

Jun 30, 2024 • 5 min read

CCP Approves Merger of Nova Frontiers, Gatron Industries in Textile Yarn Sector

The Competition Commission of Pakistan (CCP) has approved a merger in the textile yarn sector. The approved transaction...

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News Update

30

Jun 2024

Jun 30, 2024 • 5 min read

Aurangzeb Confident to Get New IMF Loan After Passage of Tax-Heavy Budget

Finance Minister Muhammad Aurangzeb said today he was quite optimistic that Pakistan will get a new and final bailout fr...

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News Update

30

Jun 2024

Jun 30, 2024 • 5 min read

Pakistan’s Disastrous IMF-Made Budget: Tax Everything, Give Nothing, Expect Nothing

Pakistan on Friday quickly passed the IMF-made Federal Budget 2024-25 with some 11th-hour tweaks that effectively double...

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News Update

30

Jun 2024

Jun 30, 2024 • 5 min read

Pakistan to Hire Chinese Credit Rating Agency For Issuance of Panda Bond

Ministry of Finance (Finance Division), Government of Pakistan intends to carry out a Panda Bond transaction in the Chin...

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