News & Updates

News Update

24

Jun 2024

Jun 24, 2024 • 5 min read

CCP, ICAP Join Hands to Implement Compliance Framework on Competition Law

The Competition Commission of Pakistan (CCP) and Institute of Chartered Accountants of Pakistan (ICAP) join hands to dev...

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News Update

24

Jun 2024

Jun 24, 2024 • 5 min read

PSX Prohibits Brokers From Making Cash Withdrawals From Clients’ Bank Accounts

The Pakistan Stock Exchange (PSX) has prohibited securities brokers from making cash withdrawals from client-titled bank...

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News Update

24

Jun 2024

Jun 24, 2024 • 5 min read

Finance Bill 2024 Empowers FBR to Probe Tax Fraud Suspects

Finance Bill 2024 has empowered Inland Revenue officials to conduct an investigative audit of persons suspected to be in...

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News Update

24

Jun 2024

Jun 24, 2024 • 5 min read

Cryptocurrencies Suffer Second-Worst Crash of 2024

Cryptocurrencies had their second-worst weekly drop of 2024 as global investors cooled off their interests in Bitcoin ex...

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News Update

24

Jun 2024

Jun 24, 2024 • 5 min read

Rupee Abruptly Falls Against US Dollar, Other Major Currencies

The Pakistani rupee (PKR) began the final week of June with losses against the US Dollar today after opening trade at 27...

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News Update

24

Jun 2024

Jun 24, 2024 • 5 min read

Finance Minister Assures Business Leaders Their Proposals Will Be Considered in Budget 2024-25

A delegation of Pakistan Business Council (PBC) led by Chairman PBC Shabbir Diwan called on Federal Minister for Finance...

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News Update

24

Jun 2024

Jun 24, 2024 • 5 min read

Gold Price in Pakistan Nudges Up Slightly

The price of gold in Pakistan rose by Rs. 500 per tola on Monday. According to data issued by the Karachi Sarafa Associa...

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News Update

24

Jun 2024

Jun 24, 2024 • 5 min read

Govt Committed to Promote Semiconductors Industry, AI, Quantum Technology: Planning Minister

The federal government is committed to promote the semiconductors industry, Artificial Intelligence and Quantum Technolo...

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News Update

23

Jun 2024

Jun 23, 2024 • 5 min read

Is Pakistan’s News Industry Headed For An Extinction-Level Event?

Some years after side-stepping legacy media as the go-to source for news about current affairs, Pakistan’s digital media...

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News Update

23

Jun 2024

Jun 23, 2024 • 5 min read

Govt Crackdown Against Dealers is Creating Shortage in Market: LPG Association

The All Punjab LPG Distributors Association said that the government’s recent crackdown against the LPG market has led t...

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News Update

23

Jun 2024

Jun 23, 2024 • 5 min read

Pakistan Fintech Association Urges Strong Governance, Greater Distribution Partnerships for Raast

The Pakistan Fintech Association (PFA) is calling on all fintech companies, both regulated and non-regulated, to place a...

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News Update

23

Jun 2024

Jun 23, 2024 • 5 min read

Telecom Industry Warns New Budget Taxes on Phones, Services Will Hamper Digital Progress

The telecom industry raised alarms over the proposed imposition of taxes on mobile handsets and telecom services in the...

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News Update

23

Jun 2024

Jun 23, 2024 • 5 min read

Senate Committee Rejects Proposal of 18% Sales Tax on Mobile Phones

The Senate Standing Committee on Finance and Revenue has rejected the government’s budget proposal to impose an 18 perce...

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News Update

23

Jun 2024

Jun 23, 2024 • 5 min read

Senate Panel Recommends Mandatory Credit/Debit Card Transactions for Purchases Exceeding Rs. 30,000

The Senate Standing Committee on Finance and Revenue convened its 9th consecutive session to finalize recommendations on...

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News Update

23

Jun 2024

Jun 23, 2024 • 5 min read

Govt Once Again Fails to Approve Solar Panel Policy

The government has once again delayed approving a new policy for solar panel manufacturing due to ongoing uncertainty ov...

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News Update

23

Jun 2024

Jun 23, 2024 • 5 min read

Chairman Finance Committee Criticizes FBR for Using Aggressive Tactics to Meet Tax Targets

Chairman Senate Finance Committee Salim Mandviwala has criticized the Federal Board of Revenue (FBR) for using aggressiv...

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News Update

22

Jun 2024

Jun 22, 2024 • 5 min read

12-Hour Gas Load-shedding Announced in Karachi

Sui Southern Gas Company (SSGC) has announced a suspension of gas supply to the Defence Housing Authority (DHA) and Kora...

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News Update

21

Jun 2024

Jun 21, 2024 • 5 min read

ADB Rates $1.2 Million Technical Assistance to Pakistan for Electricity Market as Successful

The Independent Evaluation Department (IED) of the Asian Development Bank (ADB) has rated technical assistance (TA) for...

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News Update

21

Jun 2024

Jun 21, 2024 • 5 min read

NEPRA Imposes Fixed Charges of Up to Rs. 1,000 Per Month on Electricity Consumers

The National Electric Power Regulatory Authority (NEPRA) has imposed fixed charges ranging from Rs. 200 to Rs. 1,000 per...

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News Update

21

Jun 2024

Jun 21, 2024 • 5 min read

Salaried Class Penalized While Agriculture Sector Evades Taxes: Salaried Class Alliance

The salaried class pays tax on gross earnings without any allowable deduction, as against other classes of taxpayers, so...

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News Update

21

Jun 2024

Jun 21, 2024 • 5 min read

Weekly Inflation Clocks In At Above 23% for Second Straight Week

The Sensitive Price Index-based inflation for the week ended June 20, 2024, increased by 0.94 percent, says the Pakistan...

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