News & Updates

foodpanda Extends Support to Gaza Through World Food Programme

As part of its ongoing commitment to humanitarian causes, foodpanda, Pakistan’s leading delivery platform, has partnered...

Budget 2024-25: Pakistan’s Defense Budget Increased by 17%

The government has announced a budget of Rs. 2.12 trillion for the armed forces for the fiscal year 2024-25, which is 17...

Visa Fraud Prevention and Risk Management Summit Promotes Secure Digital Payments in Pakistan

Visa (NYSE: V), a world leader in digital payments, recently hosted Pakistan’s premier “Fraud Prevention and Risk Manage...

Govt Excludes Budgetary Support From IMF, Saudi Arabia In New Budget

The federal government hasn’t factored in any budgetary support from the International Monetary Fund (IMF) and Saudi Ara...

SECP Issues ESG Disclosure Guidelines for Listed Companies

The Securities and Exchange Commission of Pakistan (SECP) has taken a major stride towards promoting responsible busines...

PSX Gains Over 2,100 Points in First Hour of Trade After Budget

The Pakistan Stock Exchange gained over 2,100 points in the first 2 hours of trade as buyers flocked to the market after...

Another Illegal Loan App Blocked by PTA Following SECP Alert

Budget 2024-25: Govt. Announces Big Relief on Solar Panels

The federal government has proposed significant tax relaxations on importing raw materials for solar panels and the aqua...

Gold Price in Pakistan Falls by Rs. 1,200 Per Tola

The price of gold in Pakistan fell by Rs. 1,200 per tola on Thursday. According to data issued by the Karachi Sarafa Ass...

New Projects of IT Ministry Likely to Get Allocation of Over Rs. 5 Billion

The federal government has proposed an amount of Rs. 5.394 billion for five new IT and Telecommunication schemes under t...

Punjab Govt Announces 15% Increase in Pensions for Next Year

The Punjab government has announced an increase of 15 percent in pensions of retired officials. The announcement was mad...

Banking Sector Deposits Cross Rs. 29 Trillion in May 2024

The banking deposits increased by 20.3 percent to Rs. 29.349 trillion as of May 2024 compared to Rs. 24.388 trillion as...

Govt Proposes Over Rs. 23 Billion for 16 Ongoing Projects of IT Ministry

The details of the Public Sector Development Program (PSDP) for the federal budget 2024-25 have been disclosed. Under th...

SBP Reserves Register Slight Decline But Remain Above $9 Billion

The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell marginally on a weekly basis according to da...

Government Allocates Rs. 4 Billion to Promote E-Bikes Nationwide

In this year’s budget, Pakistan’s Finance Minister, Senator Muhammad Aurangzeb, allocated Rs. 4 billion to promote elect...

More Taxes Will Be Imposed on High Income Earners: Aurangzeb

Finance Minister Muhammad Aurangzeb on Thursday said higher taxes will be imposed on high-income earners next fiscal yea...

Punjab Govt Announces Up to 25% Increase in Salaries

The Punjab government has announced an increase of up to 25 percent in salaries of government employees. The announcemen...

PSX Posts Biggest Single-Day Gain, Surges Over 3,400 Points on Budget

The Pakistan Stock Exchange (PSX) witnessed the highest single-day gain on Thursday with the benchmark KSE-100 index ris...

Banks to Remain Closed For 5 Days

The State Bank of Pakistan (SBP) announced that it will remain closed from 17th to 19th June 2024, (Tuesday to Wednesday...

Punjab Unveils Rs. 5.4 Trillion Tax-Free Budget

Punjab Finance Minister Mujtaba Shuja ur Rehman Thursday unveiled Rs. 5,446 billion tax-free budget for the next fiscal...

Govt Allocates 203% Higher Budget For Education

The Ministry of Education will get Rs. 25.75 billion or a 203 percent higher budget in fiscal year 2024-25 compared to R...