News & Updates

News Update

03

Jun 2024

Jun 03, 2024 • 5 min read

Tax Officers Are Constantly Monitored by NAB, FTO, and PM Complaint Cell: FBR

The Federal Board of Revenue (FBR) has disclosed that the Federal Tax Ombudsman (FTO), Federal Investigation Agency (FIA...

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News Update

03

Jun 2024

Jun 03, 2024 • 5 min read

IT Ministry’s New Policy Aims to Help Freelancers Earn $5 Billion Per Year

The Ministry of IT and Telecom has submitted the National Freelancing Facilitation Policy to the Federal Cabinet for app...

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News Update

03

Jun 2024

Jun 03, 2024 • 5 min read

Ovais Yousuf Appointed CEO of P&G Pakistan

P&G Pakistan today announced the appointment of Ovais Yousuf as its new Chief Executive Officer effective June 1, 2024....

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News Update

03

Jun 2024

Jun 03, 2024 • 5 min read

Used Cars Likely to Become More Expensive Next Fiscal Year

The federal government has proposed to increase the regulatory duty on the import of used vehicles in the upcoming feder...

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News Update

03

Jun 2024

Jun 03, 2024 • 5 min read

Finance Minister Assures Korean Companies of Resolving Their Issues

Federal Minister for Finance Muhammad Aurangzeb had a meeting with the Korean Ambassador and representatives of Korean C...

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News Update

03

Jun 2024

Jun 03, 2024 • 5 min read

Matco Foods Resumes Production At Its Dextrose Monohydrate Plant

Matco Foods Limited (PSX: MFL) resumed regular production at ats Dextrose Monohydrate plant on June 1, 2024, the food &...

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News Update

03

Jun 2024

Jun 03, 2024 • 5 min read

Gilgit-Baltistan CM Seeks Center’s Increased Support in Upcoming Budget

Gilgit-Baltistan Chief Minister Gulbar Khan called on Federal Minister for Finance Muhammad Aurangzeb at the Finance Div...

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News Update

03

Jun 2024

Jun 03, 2024 • 5 min read

IATA Urges Pakistan to Release $411 Million in Blocked Airline Funds

The International Air Transport Association (IATA) has reported a 28 percent decrease in the amount of airline funds blo...

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News Update

03

Jun 2024

Jun 03, 2024 • 5 min read

Rupee Starts June With Losses Against All Major Currencies Despite SBP News

The Pakistani rupee (PKR) suddenly fell against the US Dollar today after opening trade at 278 in the interbank market....

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News Update

03

Jun 2024

Jun 03, 2024 • 5 min read

Business Confidence Improves Slightly But Remains Negative: Survey

Business confidence in Pakistan has improved by 4 percentage points, though it still remains in the negative (-14%) in M...

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News Update

03

Jun 2024

Jun 03, 2024 • 5 min read

Mobile SIMs of Non-Filers Cannot be Blocked Without Issuing Notices: IHC

The Chief Justice of Islamabad High Court (IHC) has ordered that the income tax general order 1 of 2024 regarding the bl...

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News Update

03

Jun 2024

Jun 03, 2024 • 5 min read

PM Directs Abolishment of Pak PWD Over Continued Poor Performance, Corruption

Prime Minister Shehbaz Sharif Monday directed for the immediate dissolution of the Pakistan Public Works Department (Pak...

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News Update

03

Jun 2024

Jun 03, 2024 • 5 min read

SBP Likely to Cut Policy Rate With Inflation Down 5th Month in a Row: S&P Global

Pakistan’s headline inflation rate declined for the fifth consecutive month to 11.8 percent in May and State Bank of Pak...

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News Update

02

Jun 2024

Jun 02, 2024 • 5 min read

Govt to Wind Up Pakistan Public Works Department

The federal government has decided to shut down Pakistan Public Works Department (PWD), said an official notice by the P...

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News Update

02

Jun 2024

Jun 02, 2024 • 5 min read

Here Is Everything You Need to Know About Upcoming Budget

The coalition government is all set to present its first budget for FY25 on June 10, 2024, in the parliament. This timel...

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News Update

02

Jun 2024

Jun 02, 2024 • 5 min read

NEPRA Hikes Power Tariff By Rs. 3.25 Per Unit

The National Electric Power Regulatory Authority (NEPRA) on Saturday announced a Rs. 3.25 per unit increase in the price...

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News Update

02

Jun 2024

Jun 02, 2024 • 5 min read

Pakistan Delays IMF Proposal to Increase Taxes on Salaried Class

The federal government has for now delayed the International Monetary Fund’s (IMF) demand to increase tax burden on sala...

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News Update

02

Jun 2024

Jun 02, 2024 • 5 min read

CCP, PICG Agree to Collaborate More By Including Competition Law in Training Programs

The Competition Commission of Pakistan (CCP) and Pakistan Institute of Corporate Governance (PICG) agree to broaden the...

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News Update

01

Jun 2024

Jun 01, 2024 • 5 min read

Govt Takes U-Turn on Petrol Price, Announcement of Rs. 15 Per Liter Cut Proves False

In an embarrassing gaffe, the federal government took a late-night U-turn on its earlier announcement of a Rs. 15.4 per...

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News Update

01

Jun 2024

Jun 01, 2024 • 5 min read

Blocking SIMs is a Futile Exercise: Former State Minister

The tax authority’s move to block SIMs of non-filers is a futile exercise to generate revenue from the country, it may i...

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News Update

01

Jun 2024

Jun 01, 2024 • 5 min read

NAB Lahore Cracks Down on Illegal Housing Schemes

Amjad Majeed Aulakh, the Director General of the National Accountability Bureau (NAB) Lahore, has announced a crackdown...

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