News & Updates

News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

ECC Approves Various Technical Supplementary Grants Worth Billions of Rupees

The Economic Coordination Committee (ECC) of the cabinet Thursday approved 19 Technical Supplementary Grants (TSGs) to v...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

ECC Approves Establishment of Pension Fund

The Economic Coordination Committee (ECC) of the Cabinet Thursday gave the principle approval to the Finance Division fo...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

CCP Initiates Action Against Multiple Beverage Manufacturers Over Misleading Packaging

Competition Commission of Pakistan (CCP) has initiated action against fifteen beverage manufacturers for disseminating, ...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

IFC Approves 7-Year Debt Financing of $400 Million For PTCL to Buy Telenor Pakistan

The International Finance Corporation (IFC) has approved the debt financing of up to $400 million for a period of seven...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

Relief Provided to Salaried Class in Budget: PM

Prime Minister Shehbaz Sharif Friday said relief has been provided to the salaried class, pensioners, and laborers in th...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

Govt Slaps 10% Surcharge on High Earners

The federal government has imposed a 10 percent surcharge on the tax liability of high-earners under the Finance Bill 20...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

Ismail Industries to Set Up Subsidiary in UAE

Ismail Industries Limited (PSX: ISIL) has decided to establish a wholly-owned subsidiary in Abu Dhabi, UAE, the company...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

HTL Inks MoU With South Korean Supplier for High-End Synthetic Lubricants

Hi-Tech Lubricants Limited (PSX: HTL) has signed a Memorandum of Understanding (MOU) with its principal supplier M/S SK...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

Govt Imposes Fixed Tax of Up to Rs. 1.5 Million on Residential Plots

The federal government has imposed a capital value tax (CVT) on farmhouses and big houses in Islamabad. According to the...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

P@SHA Urges Higher Tax Rate on Remote Workers in Budget

Atif Iqbal Sheikh, President FPCCI, has voiced strong concerns about the recently announced Federal Budget 2024 – 25 vis...

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News Update

28

Jun 2024

Jun 28, 2024 • 5 min read

IT Minister Urges Swedish Companies to Invest in Pakistan

Minister of State for IT and Telecommunication Shaza Fatima Khawaja said that the present government is taking steps to...

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News Update

27

Jun 2024

Jun 27, 2024 • 5 min read

IMF Stops Pakistan From Giving Key Tax Concessions in Finance Bill 2024

The International Monetary Fund (IMF) has declined key concessions proposed in the Finance Bill 2024. The IMF has also r...

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News Update

27

Jun 2024

Jun 27, 2024 • 5 min read

Govt Likely to Withdraw 15% Income Tax on Banks’ Profits

The federal government will likely abolish up to 15 percent additional income tax on the banks’ profits made by extendin...

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News Update

27

Jun 2024

Jun 27, 2024 • 5 min read

Govt to Impose Sales Tax on Stationery Items Despite Aurangzeb’s Announcement

The government will impose a sales tax on stationery items despite the announcement of Finance Minister Muhammad Aurangz...

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News Update

27

Jun 2024

Jun 27, 2024 • 5 min read

NEPRA Deliberates KE’s Tariff Petitions for Reliable Power Supply to Karachi

The National Electric Power Regulatory Authority (NEPRA) conducted a hearing today on K-Electric’s distribution, transmi...

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News Update

27

Jun 2024

Jun 27, 2024 • 5 min read

Gold Rate in Pakistan Increases Slightly After Successive Declines

After two successive declines, the price of gold in Pakistan rose by Rs. 400 per tola on Thursday. According to data iss...

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News Update

27

Jun 2024

Jun 27, 2024 • 5 min read

Govt Attempts to Give Small Relief to Non-Filers at The 11th Hour

The federal government, just before the passage of next year’s Finance Bill, proposed some important amendments related...

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News Update

27

Jun 2024

Jun 27, 2024 • 5 min read

Get Ready to Pay 18% Sales Tax on Joshanda From Next Week

The federal government has decided to withdraw tax exemptions on herbal and homeopathic medicines and impose an 18 perce...

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News Update

27

Jun 2024

Jun 27, 2024 • 5 min read

SBP Deputy Governor Encourages Banks to Embrace SME Finance as Core Business Line

The State Bank of Pakistan (SBP) joined the global community in celebrating Micro, Small, and Medium Enterprises (MSME)...

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News Update

27

Jun 2024

Jun 27, 2024 • 5 min read

OGDC Waives Off Rs. 72 Billion Govt Debt

The federal government has approved the repayment of interest of Rs. 92 billion in twelve equal installments to Oil and...

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News Update

27

Jun 2024

Jun 27, 2024 • 5 min read

FBR to Begin Tax Collection from Over 39,000 Retailers Under Tajir Dost Scheme

The Federal Board of Revenue (FBR) will start collecting taxes from traders who have registered with the Traders Dost Sc...

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