News & Updates

News Update

26

Jun 2024

Jun 26, 2024 • 5 min read

PSX Offers Opportunity for Listed Shell Companies to Revive Their Business Operations

The Pakistan Stock Exchange (PSX) has offered a revival opportunity for Listed Shell Companies (LSCs) through reverse me...

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News Update

26

Jun 2024

Jun 26, 2024 • 5 min read

Govt to Block Bank Accounts of Non-Filers Under Amended Finance Bill 2024

The government is likely to block bank accounts of non-filers and has also decided to fix the amount of sales tax on the...

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News Update

26

Jun 2024

Jun 26, 2024 • 5 min read

Govt Raises Rs. 776 Billion Via T-Bills, Cut-Off Yields Down up to 41 BPS

The cut-off yields on Treasury Bills (T-Bills) went down by up to 41 basis points (bps) in the auction of the paper held...

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News Update

26

Jun 2024

Jun 26, 2024 • 5 min read

Saudi Diplomat Detained at Islamabad Airport With Over $5,000 Cash

A Saudi diplomat was barred from boarding his flight at Islamabad International Airport due to having foreign currency a...

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News Update

26

Jun 2024

Jun 26, 2024 • 5 min read

Gold Price in Pakistan Falls for Second Straight Day as International Prices Ease

The price of gold in Pakistan fell for the second straight day on Wednesday to settle at Rs. 240,600 per tola. According...

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News Update

26

Jun 2024

Jun 26, 2024 • 5 min read

PTA Proposes 15-Year Licenses for Streaming Services in Pakistan

The Pakistan Telecommunication Authority (PTA) has proposed a new regulatory framework for Over-The-Top (OTT) services,...

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News Update

26

Jun 2024

Jun 26, 2024 • 5 min read

Senator Vawda Chairs Inaugural Meeting of Senate Committee on Maritime Affairs

The inaugural meeting of the Senate Standing Committee on Maritime Affairs convened today under the chairmanship of Sena...

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News Update

26

Jun 2024

Jun 26, 2024 • 5 min read

Govt Forms Committee Under IMF’s Directive to Cut Number of Pakistan’s Missions Abroad

The federal government on the instructions of the International Monetary Fund (IMF) has formed a 13-member committee to...

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News Update

26

Jun 2024

Jun 26, 2024 • 5 min read

FBR to Hire Over Two Dozen Commissioners to Process Refund Cases

The Federal Board of Revenue (FBR) has decided to create more than two dozen new ‘Commissioner Refund’ positions to proc...

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News Update

26

Jun 2024

Jun 26, 2024 • 5 min read

FPCCI Proposes Introduction of Simplified Form for Filing Tax Returns

A delegation of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) led by its President Atif Ikram Sheik...

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News Update

26

Jun 2024

Jun 26, 2024 • 5 min read

Petrol, Diesel Prices Likely to Increase This Week

MS petrol and High-Speed Diesel (HSD) prices are expected to rise sharply on the last day of the current fiscal year. Th...

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News Update

26

Jun 2024

Jun 26, 2024 • 5 min read

SBP to Commemorate UN Day For Micro, Small and Medium Enterprises Tomorrow

On the occasion of the United Nations day on Micro, Small, and Medium-sized Enterprises (the UN MSMEs Day), the State Ba...

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News Update

26

Jun 2024

Jun 26, 2024 • 5 min read

UBL Extends Rs. 8 Billion Standby Letter of Credit Facility to Lucky Cement

United Bank Limited (PSX: UBL) has successfully extended a Rs. 8 billion Standby Letter of Credit Facility to Lucky Ceme...

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News Update

25

Jun 2024

Jun 25, 2024 • 5 min read

UAE Imposes Huge Fines on Unlicensed Social Media Influencers

The Abu Dhabi Department of Economic Development (ADDED) has underscored that from July 1st, licensed economic establish...

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News Update

25

Jun 2024

Jun 25, 2024 • 5 min read

Govt Refuses to Give Relief on Gas Prices July Onwards Despite OGRA Decision

The federal government has decided not to reduce gas prices for all categories starting July 1, 2024, despite the Oil an...

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News Update

25

Jun 2024

Jun 25, 2024 • 5 min read

Govt Takes Back Proposal to Impose Sales Tax on Stationery Items

Finance Minister Senator Muhammad Aurangzeb Tuesday announced that the government is taking back the proposal in the FY2...

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News Update

25

Jun 2024

Jun 25, 2024 • 5 min read

Govt Working to Cut Its Expenditure: PM

Prime Minister Shehbaz Sharif Tuesday said that the federal government has started work to cut its expenditures. Speakin...

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News Update

25

Jun 2024

Jun 25, 2024 • 5 min read

FBR Starts Countrywide Exercise to Audit 437 Fertilizer Dealers

The Federal Board of Revenue (FBR) has initiated a countrywide exercise for conducting income tax audit of 437 urea/fert...

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News Update

25

Jun 2024

Jun 25, 2024 • 5 min read

Reko Diq Mining Company Installs 3rd RO Plant in Chagai District

The Reko Diq Mining Company (RDMC) has inaugurated a new reverse osmosis (RO) plant in Nok Chah village, Chagai district...

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News Update

25

Jun 2024

Jun 25, 2024 • 5 min read

CDC Announces Further Tariff Reductions to Facilitate Capital Market Investors

The Central Depository Company of Pakistan Limited (CDC) has completely eliminated Annual Maintenance Fee for the Sub-Ac...

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News Update

25

Jun 2024

Jun 25, 2024 • 5 min read

PSX to Delist Allied Rental Modaraba Tomorrow

Allied Rental Modaraba will be delisted from the main bourse with effect from June 26, 2024, Wednesday, Pakistan Stock E...

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