News & Updates

News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

Govt to Give 104% Higher Power Subsidies

The federal government has drawn up a Rs. 1,190 billion subsidy package for the power sector in the new federal budget....

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

Private Schools Association Rejects 2024-25 Budget

The All Pakistan Private Schools & Colleges Association has expressed serious concerns about the government’s neglect of...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

Large Scale Manufacturing Grows 0.45% in 10 Months of FY24

The Large Scale Manufacturing (LSM) sector has shown a growth of 0.45 percent during July- April 2023-24 when compared w...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

Pakistan’s Petroleum Imports Remain Stagnant in 11 Months of FY24

Pakistan’s petroleum group imports witnessed a negative growth of 0.28 percent during the first eleven months (July-May)...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

Short-term Inflation Crosses 23% as Food Prices Remain High

The Sensitive Price Index-based inflation for the week ended June 13, 2024, increased by 1.30 percent, says the Pakistan...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

Women Dismayed by Makeup Price Hike in Budget

Women throughout the port city of Karachi have expressed dismay over the anticipated price rise for essential makeup ite...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

PM Announces Rs. 10.7 Per Unit Cut in Electricity Tariff for Industries

Prime Minister Shehbaz Sharif Friday announced a reduction of Rs. 10.69 per unit in price of electricity for the industr...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

Pakistan’s Textile Exports Surge to 21-Month High of $1.56 Billion in May

The country’s textile group exports increased by around 1.41 percent during the first eleven months (July-May) of the cu...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

ECC Allows Export of 0.15 Million Tons of Sugar

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

Budget 2024-25: Punjab Announces Rs. 42.5 Billion for School Education

The Punjab government has unveiled a comprehensive budget of Rs42.5 billion for the school education department for the...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

Economic Affairs Ministry, WAPDA Sign $25 Million Loan Agreement for Mohmand Dam Hydropower Project

The Ministry of Economic Affairs (MoEA) and Water and Power Development Authority (WAPDA) signed a Subsidiary Loan Agree...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

Punjab Announces Free Solar Systems for Public

The Punjab government has announced an ambitious budget for the fiscal year 2024-25, unveiling a significant initiative...

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News Update

14

Jun 2024

Jun 14, 2024 • 5 min read

FBR Uncovers Rs. 13 Billion Sales Tax Discrepancy in Audit of Major Tractor Manufacturer

On the direction of the President of Pakistan, the Large Taxpayer Office (LTO) Lahore has concluded an audit of a leadin...

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News Update

13

Jun 2024

Jun 13, 2024 • 5 min read

Newspaper Industry Opposes Huge Tax in Budget

The All Pakistan Newspapers Society (APNS) has rejected the imposition of a 10 percent GST, calling it “disastrous for t...

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News Update

13

Jun 2024

Jun 13, 2024 • 5 min read

CCP Grants Time-Bound Exemption in Uber-Careem Deal

The Competition Commission of Pakistan (CCP) has granted exemption till December 2025 on specific clauses of Non-Compete...

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News Update

13

Jun 2024

Jun 13, 2024 • 5 min read

IT Industry’s Budget Proposals Completely Overlooked Despite Govt Assurances: P@SHA

Muhammad Zohaib Khan, Chairman Pakistan Software Houses Association (P@SHA), has expressed his profound apprehensions th...

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News Update

13

Jun 2024

Jun 13, 2024 • 5 min read

Budget Takes Pakistan One Step Closer to Sealing New IMF Program: Brokerage House

Brokerage house Topline Securities Thursday said that the federal budget for FY25 will likely pave the way for a new Int...

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News Update

13

Jun 2024

Jun 13, 2024 • 5 min read

Minimum Wage in Punjab Increased to Rs. 37,000

The Punjab government has proposed to increase the minimum wage in the province by Rs. 5,000 to Rs. 37,000. Punjab Finan...

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News Update

13

Jun 2024

Jun 13, 2024 • 5 min read

Gong Ceremony Held at PSX to Celebrate GEM Board Listing of Mughal Energy Ltd

A gong ceremony was held at Pakistan Stock Exchange (PSX) to celebrate the listing of Mughal Energy Limited (MEL) on its...

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News Update

13

Jun 2024

Jun 13, 2024 • 5 min read

Pakistan Will Spend Half Its Budget On Debt Servicing Next Fiscal Year

The country will spend around Rs 9.775 trillion on debt servicing including interest payments and retiring its principal...

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News Update

13

Jun 2024

Jun 13, 2024 • 5 min read

Record-Breaking Budget for IT Sector: Aurangzeb

Finance Minister Muhammad Aurangzeb on Thursday said the federal government has allocated the biggest and record budget...

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