News & Updates

News Update

30

Jun 2024

Jun 30, 2024 • 5 min read

Govt Announces Increase in Prices of Petrol and Diesel

The federal government on Sunday announced an increase in the prices of petroleum products. According to a notification...

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News Update

30

Jun 2024

Jun 30, 2024 • 5 min read

ECC Approves Gas Tariff Hike For Captive Power Plants to Meet IMF Demand For New Loan

The Economic Coordination Committee has approved natural gas sale pricing effective July 1, 2024, to meet a prior condit...

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News Update

30

Jun 2024

Jun 30, 2024 • 5 min read

Govt Imposes 1% Advance Tax on All Exporters

The exporters of goods, whether direct or indirect exporters, shall be subject to advance tax at 1 percent of the realiz...

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News Update

29

Jun 2024

Jun 29, 2024 • 5 min read

Protest Against High Electricity Bills Announced by Traders Association

The All Pakistan Traders Association has announced a nationwide protest against the rising electricity bills, scheduled...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

Govt to Set Up Tax Fraud Investigation Wing At FBR

The federal government has decided to establish a new department called (Tax Fraud Investigation Wing Inland Revenue) to...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

Inflation to Hover Around 12.5-13.5% in June: Finance Ministry

The Finance Division said the inflation outlook for June 2024 has slightly increased compared to the previous month but...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

Govt Might Retain 15% Income Tax on Banks’ Profits After PM’s Orders

Prime Minister Shehbaz Sharif has likely dented any chances of withdrawal of 15 percent income tax on banks after orderi...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

Customs Intelligence Detects 8 Ghost Exporting Units 

The directorate of Customs Intelligence, Karachi continues its crackdown on down against ghost exporting units availing...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

Govt Increases Excise Duty On Airline Tickets Up to Rs. 350,000 in Finance Bill

The federal government has hiked the excise duty on business and club class air tickets up to Rs. 350,000 in federal bud...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

Yousuf Dewan Companies Partners with Leading Chinese Company Donar to Build Charging Station Ecosystem Across Pakistan

YDC, a leading player in the Pakistani automotive industry, has made significant strides in the electric vehicle (EV) se...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

National Assembly Approves Increase in Travel Allowances of Lawmakers

The National Assembly Friday approved an amendment proposed by the Pakistan People’s Party (PPP) to increase the allowan...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

Rupee Ends Fiscal Year 2023-24 With Tiny Gains Against US Dollar

The Pakistani rupee (PKR) ended fiscal year 2023-24 with small gains against the US Dollar today after opening trade at...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

CDWP Approves Development Projects Worth Rs. 900 Billion

The Central Development Working Party (CDWP) has approved 26 development projects worth Rs. 900 billion during its meeti...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

Govt Decides Against Rs. 20 Per Liter Increase in Petroleum Development Levy for 2024-25

The federal government has decided not to increase the petroleum development levy (PDL) by Rs. 20 per liter on MS petrol...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

Innovate47 Officially Launches in Pakistan

Innovate47, a new program aimed at empowering Pakistani entrepreneurs to tackle climate change, has been launched today....

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

PM Orders to Hire Top Lawyers to Handle Pending FBR Cases

Prime Minister Shehbaz Sharif has directed authorities to hire the best lawyers to handle pending cases involving the Fe...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

Banks to Remain Closed on Monday

The State Bank of Pakistan (SBP) will remain closed for public dealing on July 1, 2024 (Monday), which shall be observed...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

Budget 2024-25 Round-Up: All You Need to Know About New Taxes

The 2024-25 federal budget has been officially passed by the National Assembly during its session in Islamabad today. Fi...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

IMF-Aligned Budget Sails Through National Assembly

The National Assembly on Friday approved the tax-heavy FY25 budget, ahead of talks on a new International Monetary Fund...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

NA Set to Pass Budget Ahead of Talks with IMF Over New Loan Deal

The National Assembly is set to pass the Finance Bill 2024 for the upcoming fiscal year today paving the way for a new I...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

Banks to Observe Extended Working Hours on the Weekend

To facilitate the taxpayers in payment of Government duties / taxes through Alternate Delivery Channels (ADC’s) and Over...

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