News & Updates

News Update

20

May 2024

May 20, 2024 • 5 min read

Job Cuts, No Development Schemes, No New Universities; Pakistan Promises IMF

The federal government has shared a plan with the International Monetary Fund (IMF) to reduce federal expenses by Rs. 30...

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News Update

20

May 2024

May 20, 2024 • 5 min read

Car Financing Declines 22nd Month in a Row

Car financing continued to fall 22 months in a row in the calendar year 2024, down 23.7 percent YoY to Rs. 236 billion b...

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News Update

20

May 2024

May 20, 2024 • 5 min read

CPEC Investors Demand Pakistan to Release Rs. 550 Billion Outstanding Dues

International investors want Pakistan to remit dividends owed to their shareholders in power plants under the China-Paki...

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News Update

20

May 2024

May 20, 2024 • 5 min read

Govt Set to Appoint FIA, Intelligence Officials in DISCOs to Stop Corruption

The federal government has decided to appoint officials of the Federal Investigation Agency (FIA) and intelligence agenc...

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News Update

20

May 2024

May 20, 2024 • 5 min read

U-Turn? Minister Says Solar Net Metering is Not Ending Next Month

Energy Minister Awais Leghari said the federal government had no plans to end solar net-metering next fiscal year. Addre...

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News Update

20

May 2024

May 20, 2024 • 5 min read

CCoSOE Approves Proposal for Nomination of Independent Directors for Power Distribution Companies

Federal Minister for Finance Muhammad Aurangzeb presided over a meeting of the Cabinet Committee on State-Owned Enterpri...

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News Update

20

May 2024

May 20, 2024 • 5 min read

SBP Allows Bank Alfalah to Start Due-Diligence for Acquiring Samba Bank

The State Bank of Pakistan has granted approval to Bank Alfalah Limited (PSX: BAFL) to commence due diligence of Samba B...

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News Update

20

May 2024

May 20, 2024 • 5 min read

Govt Eyes Rs. 1.3 Trillion Additional Tax Collection Next Fiscal Year

The government has decided to increase reliance on withholding taxes in the coming budget (2024-25) to take additional t...

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News Update

20

May 2024

May 20, 2024 • 5 min read

Banking Sector Deposits Surge to Rs. 28.4 Trillion in April 2024

The banking deposits increased by over 21 percent to Rs. 28.4 trillion as of April 2024 compared to Rs. 23.4 trillion as...

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News Update

20

May 2024

May 20, 2024 • 5 min read

PM Shehbaz Stresses Efforts to Take Bilateral Trade Between Pakistan, Turkiye to $5 Billion

Prime Minister Shehbaz Sharif Monday stressed undertaking concerted efforts for achieving the bilateral trade target of...

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News Update

20

May 2024

May 20, 2024 • 5 min read

NBP Joins Hands with TouchPoint to Build a Strong Partnership

National Bank of Pakistan (NBP) and TouchPoint, a leading provider of self-service solutions, have solidified their stra...

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News Update

20

May 2024

May 20, 2024 • 5 min read

Gold Price in Pakistan is Close to Breaking the All-Time High Record

The price of gold in Pakistan surged past the Rs. 250,000 per tola mark on Monday. According to data issued by the Karac...

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News Update

20

May 2024

May 20, 2024 • 5 min read

Finance Minister Urges Italian Investors to Invest in Pakistan’s IT, Agri Sectors

Ambassador of Italy to Pakistan Marilina Armellin called on Minister for Finance Muhammad Aurangzeb at the Finance Divis...

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News Update

20

May 2024

May 20, 2024 • 5 min read

CCP Conducts Hearing in Poultry Cartelization Case

The Competition Commission of Pakistan (CCP) conducted a hearing in the poultry cartelization case, wherein the Pakistan...

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News Update

20

May 2024

May 20, 2024 • 5 min read

IT Exports to Saudi Arabia Increased by $100 Million

One of the top IT exporters of Pakistan, Noman Said, has apprised that the information technology industry has started t...

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News Update

20

May 2024

May 20, 2024 • 5 min read

Leading Telco Starts Blocking Non-Filer SIMs After FBR’s Threat

A leading telecom company has conveyed to the Federal Board of Revenue (FBR) that the telecom operator has blocked 3,064...

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News Update

19

May 2024

May 19, 2024 • 5 min read

Govt is Ending Solar Net Metering Next Month

The federal government has decided to end solar net metering and replace it with a gross metering system to discourage s...

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News Update

19

May 2024

May 19, 2024 • 5 min read

CCP Conducts Phase-II Review of Proposed PTCL-Telenor Merger

The Competition Commission of Pakistan (CCP) is conducting extensive analysis, collecting detailed data, market particip...

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News Update

19

May 2024

May 19, 2024 • 5 min read

PM Shehbaz Constitutes Economic Advisory Council Before Upcoming Budget 

The Prime Minister has constituted a high-powered Economic Advisory Council just before the next fiscal year budget. Acc...

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News Update

19

May 2024

May 19, 2024 • 5 min read

FBR Explains Reason Behind Delay in Clearance of Vehicle Imports by Overseas Pakistanis

Only those overseas Pakistanis are entitled to import vehicles under Personal Baggage, Transfer of Residence, or Gift sc...

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News Update

18

May 2024

May 18, 2024 • 5 min read

The Coca-Cola Foundation and charity: water Partner to Bring Clean and Safe Water to Communities in Pakistan

charity: water, a non-profit organization bringing clean and safe water to people around the world, has received support...

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