News & Updates

News Update

15

Jun 2024

Jun 15, 2024 • 5 min read

Senate Body Approves Proposal to Ban Non-Filers from Travelling Abroad

The Senate Standing Committee on Finance, chaired by Senator Saleem Mandviwalla, has approved a proposal to bar non-file...

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News Update

15

Jun 2024

Jun 15, 2024 • 5 min read

Senate Wants to Reduce GST on Formula Milk

The Federal Board of Revenue (FBR) has introduced an 18 percent General Sales Tax (GST) on packaged food products, inclu...

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News Update

15

Jun 2024

Jun 15, 2024 • 5 min read

NEPRA Announces Rs. 5.72 Per Unit Increase in Electricity Price

The National Electric Power Regulatory Authority (NEPRA) has decided to increase the basic electricity tariff by Rs. 5.7...

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News Update

15

Jun 2024

Jun 15, 2024 • 5 min read

Sindh Govt to Provide Free Solar Panels to 2.6 Million Homes

The Sindh government has announced a major initiative to distribute solar panels to 2.6 million households across the pr...

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News Update

15

Jun 2024

Jun 15, 2024 • 5 min read

Budget 2024-25: Sindh to Raise Salaries More Than Federal Govt

The Sindh government has announced a Rs. 3.056 trillion budget for the fiscal year 2024-25. The budget was presented by...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

FBR to Seal Businesses and Restaurants For Refusing Debit/Credit Card Payments

The Senate Standing Committee on Finance and Revenue reviewed the Finance Bill 2024 under the chairmanship of Senator Sa...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

New Property Taxes in Budget to Increase Cost Pressures on Construction Sector

The 2024-25 federal budget is expected to have a mixed impact on the construction sector. According to a report by JS Gl...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

Roshan Digital Account Inflows Hit Highest Level in Over 2 Years

Gross foreign exchange inflows through the Roshan Digital Accounts (RDAs) stood at $224 million in May 2024, compared to...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

National Assembly Budget Increased By Rs. 4 Billion

The budget for the National Assembly has been increased by Rs. 4 billion for the next fiscal year. The proposed budget a...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

This Budget Will Help Pakistan Get New IMF Loan: Moody’s

The federal budget 2024-25 will likely support Pakistan’s ongoing negotiations with the International Monetary Fund (IMF...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

Gold Price in Pakistan Posts Slight Increase as International Prices Rebound

The price of gold in the local market rose by Rs. 800 per tola on Friday due to an increase in international gold prices...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

KP Govt Ready to Increase Employee Salaries

Advisor to the Chief Minister for Information, Barrister Muhammad Ali Saif, announced on Thursday that the provincial go...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

Senate Body Wants Govt to Protect Motorcyclists from Increase in Petroleum Levy

The Senate Standing Committee on Finance Friday questioned the decision to increase the petroleum development levy on pe...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

SECP Launches New Scheme to Help Companies Easily File Returns After Deadline

The Securities and Exchange Commission of Pakistan (SECP) has launched a regularization scheme for companies grappling w...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

ECC Approves Supplementary Grants Worth Rs. 245 Billion

Federal Minister for Finance Muhammad Aurangzeb chaired a meeting of the Economic Coordination Committee (ECC) of the Ca...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

Rupee Ends Budget Week With Gains Against US Dollar

The Pakistani rupee (PKR) gained further ground 2nd day in a row against the US Dollar today after opening trade at 278...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

Govt Announces Big Cut in Price of Petrol Ahead of Eid

The federal government Friday announced a cut of Rs. 10.20 per liter in the price of petrol, a day ahead of the schedule...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

Govt to Impose 18% Sales Tax On Milk

The federal government has proposed to impose an 18 percent sales tax on milk and fat-filled milk (presently zero-rated)...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

Senate Panel Calls for Tax Exemption on Mobile Apps For Freelancers to Boost Remittances

The Senate Standing Committee on Finance and Revenue advocated for the removal of all taxes from digital applications, h...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

UK-based Alif Capital Holdings Acquires Pakistani E-commerce Firm

The Competition Commission of Pakistan (CCP) has approved the acquisition of M/s Alif Innovations (Private) Limited by L...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

Govt Likely to Give Big Relief On Petrol Price Before Eid

MS petrol and High-Speed Diesel (HSD) prices are expected to fall tomorrow due to international oil prices declining in...

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