News & Updates

News Update

22

May 2024

May 22, 2024 • 5 min read

Govt Likely to Further Increase Gas Prices For Fertilizer, Cement Manufacturers Next Fiscal Year

The federal government has shared with the International Monetary Fund (IMF) a plan to substantially increase gas prices...

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News Update

22

May 2024

May 22, 2024 • 5 min read

FBR Restricts Entry of Visitors At Main Office Amid Budget Preparations

The Federal Board of Revenue (FBR) has restricted the entry of visitors at its main headquarters to ensure confidentiali...

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News Update

22

May 2024

May 22, 2024 • 5 min read

Pakistani Can Maker to Incur Heavy Export Losses Due to Disruptions At Pak-Afghan Border

Pakistan Aluminium Beverage Cans Limited (PSX: PABC) expects to incur an impact on its revenue from exports to Afghanist...

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News Update

22

May 2024

May 22, 2024 • 5 min read

Pak Rupee Plunges 3rd Day in a Row Against US Dollar on Budget News

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

22

May 2024

May 22, 2024 • 5 min read

Govt Plans Tax Exemptions for Startups Next Fiscal Year

The federal government is planning to give tax exemptions to local startups next fiscal year. If approved, the exemption...

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News Update

22

May 2024

May 22, 2024 • 5 min read

Govt to Prepare Upcoming Budget in Consultation with IMF

The federal government will prepare the budget for the upcoming fiscal year (FY25) in consultation with the Internationa...

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News Update

22

May 2024

May 22, 2024 • 5 min read

Govt Seeks Rs. 20 Billion in Upcoming Budget to Control Social Media

The federal government wants Rs. 20 billion next fiscal year to not just enhance cybersecurity but also to regulate and...

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News Update

22

May 2024

May 22, 2024 • 5 min read

Euronet Focuses on Card Processing, & Withdraws its Bulk Transfers and Instant Credits PSO/PSP License

Euronet Pakistan, the largest card processor in Pakistan and a global leader in payment processing and transaction servi...

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News Update

22

May 2024

May 22, 2024 • 5 min read

Govt to Establish 10 IT Parks Across the Country in 2025

The federal government plans to set up ten software technology parks in the country in 2025, Prime Minister Shehbaz Shar...

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News Update

22

May 2024

May 22, 2024 • 5 min read

Gold Price in Pakistan Drops Slightly But Remains Near Rs. 250,000 Per Tola

The price of gold in Pakistan declined marginally on Wednesday to close at Rs. 248,200 per tola. According to data issue...

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News Update

22

May 2024

May 22, 2024 • 5 min read

UK Extends Seasonal Visa Scheme to Urgently Hire Thousands of Foreign Workers

The UK government has announced a significant extension of the Seasonal Worker visa scheme for the food and agriculture...

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News Update

22

May 2024

May 22, 2024 • 5 min read

SECP Commissioner Launches NBFI, Modaraba Year Book 2023

The Commissioner, Specialized Companies Division, SECP, Mujtaba Ahmed Lodhi, has launched the NBFI & Modaraba Associatio...

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News Update

22

May 2024

May 22, 2024 • 5 min read

Soft Drink Makers Suggest FED Adjustment to Support Industry’s Growth

A delegation of representatives from the Aerated Beverage Industry led by President of Lotte Akhtar Beverages Ghazi Akht...

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News Update

22

May 2024

May 22, 2024 • 5 min read

Poor Pakistan Only Seeks ‘Sanction Free’ Gas From Iran: Petroleum Minister

Petroleum Minister Musadik Malik said on Wednesday that Pakistan wants to procure Iranian gas but cannot afford internat...

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News Update

22

May 2024

May 22, 2024 • 5 min read

Cordoba Logistics’ Associated Companies Enters Into Share Subscription Agreement with Symmetry Group

Cordoba Logistics & Ventures Limited (PSX: CLVL) Wednesday said its associated company has entered into a share subscrip...

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News Update

22

May 2024

May 22, 2024 • 5 min read

Canada Assures Pakistan of Support in Socio-Economic Development

Canadian High Commissioner to Pakistan Leslie Scanlon called on Federal Minister for Finance & Revenue Senator Muhammad...

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News Update

22

May 2024

May 22, 2024 • 5 min read

Car Industry Begs Govt to Change Used Car Policy to Improve Their Sales

The auto vendors have asked the government to revisit import of used cars policies during the upcoming budget as the imp...

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News Update

22

May 2024

May 22, 2024 • 5 min read

Innovative Pvt Ltd (IPL) Clinches “Best Performance Award” At Diebold Nixdorf Partner Summit 2024

Innovative Pvt Ltd (IPL) has once again proven its market leadership by securing the prestigious “Best Performance Award...

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News Update

22

May 2024

May 22, 2024 • 5 min read

Raqami Islamic Digital Banking and 1LINK Join Forces to Revolutionize Digital Financial Services

Raqami Islamic Digital Bank Ltd. (RIDBL), one of five aspirants to the digital retail bank license under the Licensing a...

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News Update

22

May 2024

May 22, 2024 • 5 min read

SNGPL Urges Petroleum Division to Help Settle Rs. 84 Billion Payment to PSO

Sui Northern Gas Pipelines Limited (SNGPL) has urgently asked the Petroleum Division to help settle outstanding dues of...

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News Update

22

May 2024

May 22, 2024 • 5 min read

Crescent Star Insurance Shares Update on Settlement with Dost Steels

Crescent Star Insurance Limited (PSX: CSIL) Wednesday announced that it has started receiving money from advance given t...

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