News & Updates

News Update

31

May 2024

May 31, 2024 • 5 min read

20% Federal Excise Duty Threatens Juice Industry Survival, Endangers Potential Export

Regressive taxation measures like the Federal Excise Duty are preventing the formal economy from growing. At a time when...

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News Update

31

May 2024

May 31, 2024 • 5 min read

Govt Decides to Give Relief to Power Consumers Using 200 Units in Next Fiscal Year

The federal government has decided not to increase the power tariff for electricity users who consume up to 200 units pe...

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News Update

31

May 2024

May 31, 2024 • 5 min read

Govt Planning Upcoming Budget At Rs. 295/$

The federal government has made the decision to base the upcoming fiscal year budget on an exchange rate of Rs. 295/$, F...

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News Update

31

May 2024

May 31, 2024 • 5 min read

SECP Proposes Amendment to Bar INGOs to Register as Not-For-Profit Association

The International Non-Governmental Organizations (INGOs) shall not be eligible to be registered with the SECP (Commissio...

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News Update

31

May 2024

May 31, 2024 • 5 min read

SBP Enhances Asaan Account Limit by Rs. 5 Million Till Eid Ul Adha

To facilitate digital payments at the Cattle Markets for the sale of sacrificial animals for the upcoming Eid Ul Adha, t...

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News Update

31

May 2024

May 31, 2024 • 5 min read

General Sales Tax Rate Likely to Go Up By 1% in New Budget on IMF Demand

The government is planning to raise the General Sales Tax (GST) rate by 1 percent in the upcoming 2024-25 budget to woo...

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News Update

31

May 2024

May 31, 2024 • 5 min read

Saudi Aramco Completes 40% Equity Acquisition in GO Pakistan

Saudi Aramco has completed the acquisition of a 40 percent equity stake in Gas & Oil Pakistan Limited (GO), the energy c...

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News Update

31

May 2024

May 31, 2024 • 5 min read

FBR Exceeds Revenue Collection Target for May, Collects Rs. 760 Billion in Taxes

The Federal Board of Revenue (FBR) has exceeded the revenue target by collecting Rs. 760 billion for the month of May 20...

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News Update

30

May 2024

May 30, 2024 • 5 min read

Lucky Core Industries’ Subsidiary to Buy Back Its Shares

The Board of Directors of Lucky TG (Private) Limited, a subsidiary of Lucky Core Industries Limited, has allowed the com...

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News Update

30

May 2024

May 30, 2024 • 5 min read

Bahrain-Based Investment Group to Acquire 75% Stake in Faysal Bank JV

Ithmaar Holding, the parent company of Faysal Bank Limited (PSX: FABL) held its EOGM on Wednesday to get approval from i...

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News Update

30

May 2024

May 30, 2024 • 5 min read

CDA Revises Building Regulations, Increases Floor Area Ratio for High-Rise Construction

The Capital Development Authority (CDA) has implemented significant changes to the building regulations for high-rise bu...

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News Update

30

May 2024

May 30, 2024 • 5 min read

Steel Industry Seeks Adjustments in Tax and Custom Duties  

Federal Minister for Finance and Revenue Muhammad Aurangzeb held a meeting with the representatives from Pakistan Associ...

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News Update

30

May 2024

May 30, 2024 • 5 min read

Gold Price in Pakistan Falls Again as Mixed Week Continues

After going up a day earlier, the price of gold in Pakistan fell by Rs. 1,500 per tola on Thursday. According to data is...

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News Update

30

May 2024

May 30, 2024 • 5 min read

SBP Reserves Fall by $63 Million But Still Above $9 Billion Level

The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by $63 million on a weekly basis according t...

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News Update

30

May 2024

May 30, 2024 • 5 min read

Rupee Continues to Depreciate Against US Dollar 3rd Day in a Row

The Pakistani rupee (PKR) fell third day in a row against the US Dollar today after opening trade at 278 in the interban...

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News Update

30

May 2024

May 30, 2024 • 5 min read

Turkish Fintech Unicorn Papara Acquires Pakistan’s SadaPay

Turkish-fintech unicorn, Papara has successfully acquired Pakistan-based Electronic Money Institution (EMI) SadaPay. The...

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News Update

30

May 2024

May 30, 2024 • 5 min read

LSE Financial Services to Officially List On PSX Tomorrow

LSE Financial Services Limited (LSEFSL) will officially list on the Pakistan Stock Exchange (PSX) with effect from tomor...

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News Update

30

May 2024

May 30, 2024 • 5 min read

S&P Global Insights: Data-Driven Dynamics and the Evolution of Smart Technologies Across Industries

Smart technologies such as AI, IoT, and advanced analytics have fundamentally transformed industries and how businesses...

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News Update

30

May 2024

May 30, 2024 • 5 min read

Govt to Decide on Sugar Exports After Consultation

The Sugar Advisory Board here on Wednesday decided that the final decision for exporting sugar will be taken after the c...

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News Update

30

May 2024

May 30, 2024 • 5 min read

Income Tax Officials Quarrel Over Sales Tax Refund Case

Two income tax officials have reportedly quarreled with each other over the matter of a tax refund worth millions of rup...

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News Update

30

May 2024

May 30, 2024 • 5 min read

CDWP Clears Two Projects Worth Rs. 609 Billion

The Central Development Working Party (CDWP) Thursday recommended two projects worth Rs. 609.45 billion to the Executive...

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