News & Updates

News Update

29

May 2024

May 29, 2024 • 5 min read

FPCCI Raises Questions Over Anti-Smuggling Measures by Customs

Federation of Pakistan Chambers of Commerce & Industry (FPCCI) President Atif Ikram Sheikh said the business, industry,...

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News Update

29

May 2024

May 29, 2024 • 5 min read

Planning Ministry Demands Over Rs. 2.4 Trillion For PSDP Projects in New Budget

The Annual Plan Coordination Committee (APCC) will convene on May 31 (Friday) to approve the annual macroeconomic plan a...

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News Update

29

May 2024

May 29, 2024 • 5 min read

Islamic Banking Industry Assets Touch Rs. 9 Trillion in 2023

With consistent growth and expansion on all fronts, the Islamic Banking Industry (IBI) has surged to Rs. 9 trillion. Acc...

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News Update

29

May 2024

May 29, 2024 • 5 min read

Sindh Government Offers Affordable Solar Systems for Rs. 7,000

The Sindh government, in partnership with the World Bank, has announced a plan to offer complete solar systems to the pu...

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News Update

29

May 2024

May 29, 2024 • 5 min read

UDL International to Expand Business Portfolio by Venturing into Trading

UDL International Wednesday announced that its Board of Directors has approved the company’s entry into trading in all t...

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News Update

29

May 2024

May 29, 2024 • 5 min read

FBR Unblocks Mobile SIMs of Over 7,000 Persons After Filing of Tax Returns

The Federal Board of Revenue (FBR) has restored blocked mobile SIMs of over 7,000 persons who filed tax returns. Accordi...

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News Update

29

May 2024

May 29, 2024 • 5 min read

Currency in Circulation Down By Rs. 212 Billion So Far in FY24

Cash holdings in Pakistan have declined by Rs. 212 billion in the financial year 2023-24 to date, according to the lates...

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News Update

29

May 2024

May 29, 2024 • 5 min read

Govt Sees Inflation Slowing Down to 12.5-13.5% in June

The Finance Division expects inflation to remain within the range of 13.5-14.5 percent for May 2024, with expectations o...

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News Update

29

May 2024

May 29, 2024 • 5 min read

IMF Advises Pakistan to Tax Books, Pens, Sticky Notes, Other Stationary Items in New Budget

The International Monetary Fund (IMF) wants Pakistan to tax stationery items in the new fiscal year budget. The lender h...

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News Update

29

May 2024

May 29, 2024 • 5 min read

Bahria Town Rawalpindi Raided Over £190 Million Settlement Case

The National Accountability Bureau (NAB) alongside Rawalpindi police conducted a raid at the offices of Bahria Town Rawa...

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News Update

28

May 2024

May 28, 2024 • 5 min read

Around 94,000 Income Tax Refund Cases Pending With FBR

A total of 93,874 income tax refund applications are not processed by 25 Federal Board of Revenue (FBR) field formations...

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News Update

28

May 2024

May 28, 2024 • 5 min read

Profit Repatriation Soars 250% in 10 Months of FY24

Foreign companies’ repatriation of profits and dividends rose to $887 million in the first 10 months of financial year 2...

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News Update

28

May 2024

May 28, 2024 • 5 min read

Gemstone Exporters Criticize Islamabad Airport Customs Staff for Irresponsible, Egotistical Behavior

The All Pakistan Commercial Exporter Association has complained to the Collector customs about the irresponsible attitud...

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News Update

28

May 2024

May 28, 2024 • 5 min read

Engro Powergen Urges CPPA-G to Help Settle Rs. 65 Billion Dues or Risk Default

Engro Powergen Thar Private Limited (EPTL) has asked the Central Power Purchasing Agency Guarantee Ltd (CPPA-G) to immed...

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News Update

28

May 2024

May 28, 2024 • 5 min read

Govt Employees Likely to Get Big Increase in Their Salaries and Pensions in July

The federal government wants to increase the salaries and pensions of its employees with increments of up to 10-15 perce...

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News Update

28

May 2024

May 28, 2024 • 5 min read

Govt Likely to Present Federal Budget 2024-25 on 10 June

The federal government is likely to announce the federal budget (2024-25) on June 10 (Monday), sources told ProPakistani...

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News Update

28

May 2024

May 28, 2024 • 5 min read

PM Shehbaz Demands End to Load-Shedding in the Country

Prime Minister Shahbaz Sharif on Tuesday demanded an end to load-shedding in the country and to expedite the privatizati...

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News Update

28

May 2024

May 28, 2024 • 5 min read

Gold Rates Observe Slight Decrease in Pakistan

The price of gold in Pakistan fell by Rs. 500 per tola on Tuesday after gaining Rs. 800 per tola a day earlier. Accordin...

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News Update

27

May 2024

May 27, 2024 • 5 min read

Pakistan Customs Completes Business Process Mapping of Core Functions Under WB Project

Pakistan Customs has successfully completed business process mapping of its core functions during the first five months...

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News Update

27

May 2024

May 27, 2024 • 5 min read

Pakistan Stock Exchange to Remain Closed on May 28

The Pakistan Stock Exchange Limited will remain closed tomorrow (Tuesday) on the occasion of Youm-e-Takbeer. “All TRE Ce...

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News Update

27

May 2024

May 27, 2024 • 5 min read

Tax Collection Target May Exceed Rs. 12.5 Trillion Next Fiscal Year: Chairman FBR

Chairman Federal Board of Revenue (FBR) Malik Amjad Zubair Tiwana said on Monday that the regulator’s tax revenue target...

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