News Update

11

Jun 2024

Jun 11, 2024 • 5 min read

SBP Instructs Banks to Adopt Digital Supply Chain Finance Solutions For SMEs

The State Bank of Pakistan (SBP) has issued instructions to banks to develop and implement digital solutions for supply...

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News Update

11

Jun 2024

Jun 11, 2024 • 5 min read

Coca-Cola Appoints Volkan Öngüç as New Vice President for Pakistan & Afghanistan Region

Volkan Öngüç has taken charge as the new Vice President for the Pakistan and Afghanistan Region of Eurasia & Middle East...

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News Update

11

Jun 2024

Jun 11, 2024 • 5 min read

Car Industry Fell in A Ditch in FY24: Economic Survey

Growth of the automobile sector plunged by 37.4 percent against a contraction of 42.2 percent growth last year. Import r...

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News Update

11

Jun 2024

Jun 11, 2024 • 5 min read

LDA Closes Multiple Properties in Lahore For Not Paying Commercial Fees

The Lahore Development Authority (LDA) has intensified its recovery campaign by sealing seven commercial properties in G...

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News Update

11

Jun 2024

Jun 11, 2024 • 5 min read

Finance Minister Unveils Economic Survey 2023-24

Finance Minister Muhammad Aurangzeb Tuesday unveiled Economic Survey for the outgoing fiscal year 2023-24 (FY24) at a pr...

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News Update

11

Jun 2024

Jun 11, 2024 • 5 min read

Govt to Impose New Duty on Nicotine Pouches and E-Cigarettes

The federal government is expected to impose federal excise duty (FED) on Nicotine pouches and e-cigarettes in the Finan...

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News Update

11

Jun 2024

Jun 11, 2024 • 5 min read

PTA to Charge Fee for Registering Mobile Devices and Telecom Equipment

Pakistan Telecommunication Authority (PTA) is all set to impose application/processing administrative fees for processin...

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News Update

11

Jun 2024

Jun 11, 2024 • 5 min read

Govt Decides Not to Raise General Sales Tax Rate in New Budget

The 1 percent increase in the sales tax rate from 18 to 19 percent would not be done through the upcoming Finance Bill 2...

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News Update

11

Jun 2024

Jun 11, 2024 • 5 min read

Rupee Depreciates 2nd Day in a Row Despite Ahead of Budget

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

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News Update

11

Jun 2024

Jun 11, 2024 • 5 min read

Here’s How Much Pakistani Freelancers Earned During FY24

Pakistan-based freelancers contributed foreign exchange earnings worth $350.15 million during fiscal year 2024 (July-Mar...

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News Update

11

Jun 2024

Jun 11, 2024 • 5 min read

PSX Holds Gong Ceremony on Listing of Fast Cables Ltd.

Pakistan Stock Exchange (PSX) held a gong ceremony to celebrate the listing of Fast Cables Limited (FCL). Fast Cables is...

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News Update

11

Jun 2024

Jun 11, 2024 • 5 min read

Dr Shamshad Akhtar Appointed Chairperson of PSX Board

Former State Bank of Pakistan (SBP) governor and ex-caretaker finance minister Dr Shamshad Akhtar has been appointed as...

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News Update

11

Jun 2024

Jun 11, 2024 • 5 min read

Pakistan Has 100,000 More Donkeys Than Last Year: Economic Survey

The population of donkeys in Pakistan has increased by 100,000 (275 a day) from 5.8 million to 5.9 million in the outgoi...

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News Update

11

Jun 2024

Jun 11, 2024 • 5 min read

Consumer Financing in Pakistan Registered Negative Growth of 6.1% in FY24

Consumer loans followed a declining path during July-March FY 2024, according to the Pakistan Economic Survey 2023-24. T...

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News Update

11

Jun 2024

Jun 11, 2024 • 5 min read

NEC Approves Rs. 3.5 Trillion National Development Budget for FY25

The National Economic Council (NEC) on Monday approved Rs. 1.4 trillion worth of federal Public Sector Development Progr...

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News Update

11

Jun 2024

Jun 11, 2024 • 5 min read

Saleem Mandviwala Elected as Chairman of Senate Finance Committee

Senator Salim Mandviwalla has been elected as Chairman of Senate Standing Committee on Finance and Revenue despite prote...

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News Update

11

Jun 2024

Jun 11, 2024 • 5 min read

Electricity Consumption in Pakistan Decreased in 9 Months of FY24 Despite Higher Capacity

The overall electricity consumption in the country stood at 68,559 GWh in July-March FY24 compared to consumption of 69,...

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News Update

11

Jun 2024

Jun 11, 2024 • 5 min read

Here is How Much Telcos Are Now Earning From Every User

The Mobile Average Revenue Per User (ARPU) rose to Rs. 284 per month during July-December FY24, according to the Pakista...

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News Update

11

Jun 2024

Jun 11, 2024 • 5 min read

FBR Proposes Giant Rs. 12.9 Trillion Tax Collection Target For 2024-25

The Federal Board of Revenue (FBR) has set an ambitious tax revenue target of Rs. 12.9 trillion for FY2024-25, Rs. 3.72...

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News Update

10

Jun 2024

Jun 10, 2024 • 5 min read

NHA to Get Rs. 180 Billion Under PSDP for FY25

The government has allocated Rs 180.284 billion for 104 projects under the Public Sector Development Programme (PSDP) 20...

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News Update

10

Jun 2024

Jun 10, 2024 • 5 min read

Netflix Ordered to Pay Rs. 200 Million Income Tax by FBR

The Federal Board of Revenue (FBR) has served a notice to Netflix for recovery of over Rs. 200 million in income tax, of...

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News & Updates

SBP Instructs Banks to Adopt Digital Supply Chain Finance Solutions For SMEs

Coca-Cola Appoints Volkan Öngüç as New Vice President for Pakistan & Afghanistan Region

Car Industry Fell in A Ditch in FY24: Economic Survey

LDA Closes Multiple Properties in Lahore For Not Paying Commercial Fees

Finance Minister Unveils Economic Survey 2023-24

Govt to Impose New Duty on Nicotine Pouches and E-Cigarettes

PTA to Charge Fee for Registering Mobile Devices and Telecom Equipment

Govt Decides Not to Raise General Sales Tax Rate in New Budget

Rupee Depreciates 2nd Day in a Row Despite Ahead of Budget

Here’s How Much Pakistani Freelancers Earned During FY24

PSX Holds Gong Ceremony on Listing of Fast Cables Ltd.

Dr Shamshad Akhtar Appointed Chairperson of PSX Board

Pakistan Has 100,000 More Donkeys Than Last Year: Economic Survey

Consumer Financing in Pakistan Registered Negative Growth of 6.1% in FY24

NEC Approves Rs. 3.5 Trillion National Development Budget for FY25

Saleem Mandviwala Elected as Chairman of Senate Finance Committee

Electricity Consumption in Pakistan Decreased in 9 Months of FY24 Despite Higher Capacity

Here is How Much Telcos Are Now Earning From Every User

FBR Proposes Giant Rs. 12.9 Trillion Tax Collection Target For 2024-25

NHA to Get Rs. 180 Billion Under PSDP for FY25

Netflix Ordered to Pay Rs. 200 Million Income Tax by FBR

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