News & Updates

News Update

23

May 2024

May 23, 2024 • 5 min read

Prepare for Worse Loadshedding as Electricity Shortfall Reaches 6,000 MW

The country is facing a significant electricity shortfall of 5,900 megawatts while summers continue to intensify, Power...

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News Update

23

May 2024

May 23, 2024 • 5 min read

Govt Likely to Impose New Tax on Mobile Phones in Coming Budget

The Pakistan Mobile Phone Manufacturers Association (PMPMA) called on the Federal Board of Revenue (FBR) to honor the co...

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News Update

23

May 2024

May 23, 2024 • 5 min read

Rupee Reverses 3-Day Losing Streak Against US Dollar, Other Currencies

The Pakistani rupee (PKR) reversed its 3-day losing streak against the US Dollar today after opening trade at 278 in the...

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News Update

23

May 2024

May 23, 2024 • 5 min read

CDA to Address Water Shortage With Two New Dams in Islamabad

On Wednesday, city managers decided to initiate the construction of two small dams, Shahdara and Chiniot, to address the...

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News Update

23

May 2024

May 23, 2024 • 5 min read

USC Issues Tender for Purchase of 35,000 Metric Tons Sugar

The Utility Stores Corporation (USC) has decided to purchase more sugar under the prime minister’s package. According to...

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News Update

23

May 2024

May 23, 2024 • 5 min read

Pakistan, China to Boost Pace of CPEC Projects

Pakistan and China are considering accelerating the pace of work on the China-Pakistan Economic Corridor (CPEC), high-le...

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News Update

23

May 2024

May 23, 2024 • 5 min read

Automakers Meet Finance Minister Ahead of Budget Seeking Favorable Policies

A number of automakers met Finance Minister Senator Muhammad Aurangzeb on Thursday seeking favorable policies in the upc...

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News Update

23

May 2024

May 23, 2024 • 5 min read

Pakistan’s Onion Exports Hit $210 Million While Locals Pay Higher Prices

Pakistan exported onions worth $210 million in the first 10 months of FY2023-24 (FY24) while locals paid a high price in...

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News Update

23

May 2024

May 23, 2024 • 5 min read

Competition Appellate Tribunal Upholds CCP Penalty on Irshad Trading 

The Competition Appellate Tribunal (CAT) decided to uphold the Rs. 5 million penalty imposed by the Competition Commissi...

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News Update

23

May 2024

May 23, 2024 • 5 min read

Investments Plunge to Lowest Level in 50 Years

Pakistan’s investment ratio has fallen to a 50-year low or 13.1 percent of GDP in the current fiscal year. Both investme...

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News Update

23

May 2024

May 23, 2024 • 5 min read

Telenor Group Appoints Benedicte Schilbred Fasmer As New President, CEO

The Board of Directors of Telenor Group has appointed Benedicte Schilbred Fasmer as the new President & CEO. Sigve Brekk...

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News Update

23

May 2024

May 23, 2024 • 5 min read

FBR Slaps 30% Customs Duty on Import of Electric Sightseeing Bus

The Federal Board of Revenue (FBR) has imposed 30 percent customs duty on the import of electric vehicle (14 Seater Elec...

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News Update

23

May 2024

May 23, 2024 • 5 min read

SECP Unveils Self-Assessment Declaration for NBFC’s to Enroll Digital Lending Apps

The Securities and Exchange Commission of Pakistan (SECP) has introduced a Self-Assessment Declaration Form to expedite...

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News Update

23

May 2024

May 23, 2024 • 5 min read

NHA Board Approves Road Construction Projects Worth Rs. 53 Billion

The National Highway Authority (NHA) Executive Board recommended the revised PC-I for the dualization of the existing ro...

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News Update

23

May 2024

May 23, 2024 • 5 min read

UAE President Commits to Invest $10 Billion in Pakistan

Prime Minister Shehbaz Sharif held a bilateral meeting with the President of the UAE Sheikh Mohamed bin Zayed Al Nahyan...

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News Update

23

May 2024

May 23, 2024 • 5 min read

Over 11,000 SIMS of Non-Filers Blocked By FBR So Far

The Federal Board of Revenue (FBR) has so far blocked 11,252 SIMs of non-filers of income tax returns. After the constit...

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News Update

23

May 2024

May 23, 2024 • 5 min read

Digital Box and Joy Box Are Now Available on ZERO Down Payment

In terms of entertainment, traditional cable has been a trusty source for many years; but let’s be honest, sometimes it...

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News Update

23

May 2024

May 23, 2024 • 5 min read

PTA Receives Over 16,000 Complaints Against Telcos in April 2024

Pakistan Telecommunication Authority (PTA) received 16,318 complaints from telecom consumers against different telecom o...

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News Update

22

May 2024

May 22, 2024 • 5 min read

Pakistan’s Leading Advertising and Marketing Company Synergy Group Celebrates Its Silver Jubilee Anniversary

Synergy Group, a leader in the integrated marketing communication (IMC) industry, celebrated its 25th Anniversary recent...

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News Update

22

May 2024

May 22, 2024 • 5 min read

Govt Order to Block Non-Filer SIMs Still in Effect: Islamabad High Court

The Islamabad High Court on Wednesday held a hearing on the case of the federal government’s decision to block mobile ph...

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News Update

22

May 2024

May 22, 2024 • 5 min read

Telcos Have so Far Blocked SIMs of 9,000 Non-Filers 

Telecom operators have so far blocked mobile SIMs of 9,000 non-filers under directives of the Federal Board of Revenue (...

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