News & Updates

News Update

21

Jun 2024

Jun 21, 2024 • 5 min read

CCP Approves Acquisition in Pakistan’s Solar Market

The Competition Commission of Pakistan (CCP) has approved the 100 percent acquisition of M/s. Actis Holdings S.a.r.l (Ac...

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News Update

21

Jun 2024

Jun 21, 2024 • 5 min read

Senator Faisal Vawda Unhappy With Non-Filers Getting Exemptions for Umrah, Hajj

Senator Faisal Vawda today questioned the rationale behind exemptions for non-filers during religious pilgrimages like H...

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News Update

21

Jun 2024

Jun 21, 2024 • 5 min read

FTO Orders FBR to Destroy Confiscated Currency, Gold, Arms, Cigarettes, Drugs in Its Possession

Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to immediately dispose of (auction) or destr...

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News Update

20

Jun 2024

Jun 20, 2024 • 5 min read

Cabinet Committee Directs to Initiate Process for Winding Up PTDC

Federal Minister for Finance Senator Muhammad Aurangzeb presided over a meeting of the Cabinet Committee on State-Owned...

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News Update

20

Jun 2024

Jun 20, 2024 • 5 min read

Eid-ul-Adha: Pakistanis Sacrificed Animals Worth Over Rs. 500 Billion

The Pakistan Tanners Association announced that Eid ul Adha saw the sacrifice of more than 680,000 livestock, with a com...

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News Update

20

Jun 2024

Jun 20, 2024 • 5 min read

Sindh Govt to Give Interest-Free Solar Panel Loans

The Sindh government has announced a new initiative to provide interest-free loans for installing solar systems, to enha...

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News Update

20

Jun 2024

Jun 20, 2024 • 5 min read

Pakistan Now Fulfils 95% of its Mobile Phone Demand Through Local Production

Local manufacturing/assembling of mobile phones in Pakistan surged by 55 percent to 2.23 million units in May 2024 compa...

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News Update

20

Jun 2024

Jun 20, 2024 • 5 min read

Power Generation Goes Up Slightly in May

Power generation in the country went up by 2.7 percent YoY to 12,617 gigawatts per hour (GWh) in May 2024, but down 1.9...

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News Update

20

Jun 2024

Jun 20, 2024 • 5 min read

Govt Reduces Public Debt Repayment Target By 21% For FY25

The government has cut its public debt repayment target by 21 percent for fiscal year 2024-25. This is 21 percent lower...

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News Update

20

Jun 2024

Jun 20, 2024 • 5 min read

PSX Jumps Over 2,000 Points to Hit New High As Budget Momentum Persists [Updated]

Bulls returned to the Pakistan Stock Exchange (PSX) post-Eid ul Azha with the benchmark KSE-100 index rising more than 2...

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News Update

20

Jun 2024

Jun 20, 2024 • 5 min read

Engro Fertilizers’ EnVen Plant Resumes Production After 54 Days

Engro Fertilizers Limited (PSX: EFERT) has successfully carried out scheduled maintenance activity to ensure long-term r...

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News Update

20

Jun 2024

Jun 20, 2024 • 5 min read

Pak Rupee Declines in Value Against Big Currencies After Eid

The Pakistani rupee (PKR) ended its 2-day win streak against the US Dollar today after opening trade at 278 in the inter...

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News Update

20

Jun 2024

Jun 20, 2024 • 5 min read

Minister Directs Third-Party Audit of Fertilizer Companies to Determine Production Costs

Federal Minister for Industries and Production Rana Tanveer Hussain Thursday directed that a third-party audit be conduc...

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News Update

20

Jun 2024

Jun 20, 2024 • 5 min read

Millat Global Runs Out of Time to Acquire 76% Stake in Hascol Petroleum

The time period given to Millat Global Holdings Limited for making an offer to acquire 76 percent shareholding of Hascol...

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News Update

20

Jun 2024

Jun 20, 2024 • 5 min read

Most Parliamentarians Own Smuggled Vehicles: Senator Faisal Vawda

Senator Faisal Vawda on Thursday claimed that most parliamentarians own smuggled vehicles. He said this during a meeting...

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News Update

20

Jun 2024

Jun 20, 2024 • 5 min read

Gold Price in Pakistan Remains Unchanged

The price of gold in Pakistan remain unchanged after the holiday break on Thursday. According to data issued by the Kara...

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News Update

20

Jun 2024

Jun 20, 2024 • 5 min read

Govt Likely to Amend Finance Bill 2024 For Phase-Wise Implementation of Sales Tax on Formula Milk

The government may amend Finance Bill 2024 to impose phase-wise sales tax on infant formula etc. The phase-wise taxation...

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News Update

20

Jun 2024

Jun 20, 2024 • 5 min read

APTMA Urges Govt to Rethink Regressive Tax Measures Against Textile Sector

The All Pakistan Textile Mills Association (APTMA) has voiced serious concerns regarding the “regressive and punitive” t...

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News Update

20

Jun 2024

Jun 20, 2024 • 5 min read

Senate Committee Opposes Increasing Tax on Electric, Hybrid Cars in Budget 2024-25

A meeting of the Senate Standing Committee on Finance and Revenue was held under the chairmanship of Senator Saleem Mand...

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News Update

20

Jun 2024

Jun 20, 2024 • 5 min read

Higher Taxes On Salaried Class Will Force More Skilled Pakistanis to Leave Country

The Pakistan Business Council (PBC) has expressed grave concern over the 119 percent increase in the number of experienc...

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News Update

20

Jun 2024

Jun 20, 2024 • 5 min read

Yousuf Dewan Companies Revive the Legendary Shehzore and Electrify Pakistan with Honri VE in a Dual Launch

Those who thought that an electric car for the masses of Pakistan was a far-fetched dream, were awestruck as Eco-Green M...

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