News & Updates

News Update

21

May 2024

May 21, 2024 • 5 min read

Pakistan’s GDP Improved in Q3 FY24: National Accounts Committee

The National Accounts Committee (NAC) has determined Q3 and annual estimates for the financial year 2023-24. It said GDP...

Read Full Article

News Update

21

May 2024

May 21, 2024 • 5 min read

Cement Prices Increase in Pakistan

The retail price of cement has been increased up to Rs. 30 per bag in Pakistan. According to JS Global, cement players i...

Read Full Article

News Update

21

May 2024

May 21, 2024 • 5 min read

FTO Orders Investigation Against Corporate Tax Office Islamabad

The Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Jah has ordered an investigation against the Corporate Tax Office Islam...

Read Full Article

News Update

21

May 2024

May 21, 2024 • 5 min read

Pakistan’s Headline Inflation Expected to Fall Below 14% in May

Pakistan’s annual inflation is expected to fall to 13.1 percent in May 2024 compared to 17.3 percent in April 2024, brok...

Read Full Article

News Update

21

May 2024

May 21, 2024 • 5 min read

OGRA Estimates New Gas Prices For Both Sui Companies in FY25

The Oil and Gas Regulatory Authority (OGRA) has announced the estimated revenue requirements and new gas prices for both...

Read Full Article

News Update

21

May 2024

May 21, 2024 • 5 min read

FBR Can Collect Rs. 36 Trillion in Taxes: Defence Minister

Illegal and smuggled cigarettes cause an annual loss of over Rs 310 billion to Pakistan’s economy, a report by the Natio...

Read Full Article

News Update

21

May 2024

May 21, 2024 • 5 min read

Govt Seeks Rs. 3.5 Per Unit Tariff Increase in April FCA

The federal government wants to collect additional Rs. 3.5 per unit in Fuel Cost Adjustment (FCA) for electricity consum...

Read Full Article

News Update

21

May 2024

May 21, 2024 • 5 min read

Power Generation Falls Again Despite Big Drop in Fuel Costs

Power generation in the country went down by 13.7 percent YoY to 8,639 gigawatts per hour (GWh) in April 2024, and down...

Read Full Article

News Update

21

May 2024

May 21, 2024 • 5 min read

Pakistan Energy Symposium 2024: OICCI and Shell Pakistan Unite to Address Energy Challenges

Overseas Investors Chamber of Commerce and Industry (OICCI), and Shell Pakistan Limited are jointly hosting the Pakistan...

Read Full Article

News Update

21

May 2024

May 21, 2024 • 5 min read

Govt to Present Federal Budget 2024-25 on 7 June

Finance Minister Muhammad Aurangzeb will present the 2024-25 federal budget in parliament on June 7, 2024. The budget se...

Read Full Article

News Update

20

May 2024

May 20, 2024 • 5 min read

Pakistan-IMF Policy-Level Talks Begin Today

The federal government and International Monetary Fund (IMF) will commence policy-level talks today on negotiating a new...

Read Full Article

News Update

20

May 2024

May 20, 2024 • 5 min read

Sweden Keen to Boost Ties With Pakistan in IT & Telecom

Ambassador of Sweden to Pakistan Henrik Persson called on Minister of State for IT and Telecommunication Shaza Fatima Kh...

Read Full Article

News Update

20

May 2024

May 20, 2024 • 5 min read

Utility Stores Corporation Successfully Procures Sugar Stock of 10,000 Metric Tons

The Utility Stores Corporation has successfully procured 10,000 tons of sugar as part of the Prime Minister’s Relief Pac...

Read Full Article

News Update

20

May 2024

May 20, 2024 • 5 min read

Punjab May Miss Cotton Cultivation Target Due to Wheat Procurement Delay

The delay in the procurement of wheat is causing problems for farmers in the cultivation of cotton crop. Citing sources...

Read Full Article

News Update

20

May 2024

May 20, 2024 • 5 min read

Rupee Devalues Against US Dollar, Other Top Currencies Yet Again

The Pakistani rupee (PKR) started the new week with losses against the US Dollar today after opening trade at 278 in the...

Read Full Article

News Update

20

May 2024

May 20, 2024 • 5 min read

STZA Digitizes Its Procurement System

Special Technology Zones Authority (STZA) of Pakistan has successfully transitioned its manual procurement processes to...

Read Full Article

News Update

20

May 2024

May 20, 2024 • 5 min read

Pakistani AI Startup Becomes NielsenIQ’s Global Partner

aiSight, a startup that uses AI to analyze data to provide market share insights to the Consumer-Packaged Goods (CPG) in...

Read Full Article

News Update

20

May 2024

May 20, 2024 • 5 min read

Govt Sets Up Project Management Unit For $78 Million World Bank Digital Economy Project

The Ministry of IT has established a project management unit (PMU) for the DEEP project, with Director General IT Asfand...

Read Full Article

News Update

20

May 2024

May 20, 2024 • 5 min read

Govt to Probe Former Secretary Food Ministry Over Wheat Imports Scandal

The federal government has decided to start an inquiry against the former Secretary in-charge of National Food Security...

Read Full Article

News Update

20

May 2024

May 20, 2024 • 5 min read

National Accounts Committee Meets Tomorrow to Approve GDP Estimates

The National Accounts Committee (NAC) meeting is set to meet tomorrow (Tuesday) to conclude the calculations for Pakista...

Read Full Article

News Update

20

May 2024

May 20, 2024 • 5 min read

MCB Islamic Bank Partners with Techlogix for Oracle Flexcube Upgrade, Enhancing Customer Experience

MCB Islamic Bank has partnered with Techlogix (Private) Limited for a functional upgrade of the Oracle Flexcube Core Ban...

Read Full Article