News Update

17

May 2024

May 17, 2024 • 5 min read

Pakistan Records Highest-Ever Monthly IT Exports of $310 Million in April

Pakistan recorded monthly IT exports of $310 million, up 62 percent year-on-year (YoY) and 1 percent month-on-month (MoM...

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News Update

17

May 2024

May 17, 2024 • 5 min read

Rupee Suddenly Appreciates Against US Dollar, Other Currencies to End Week

The Pakistani rupee (PKR) ended the week with gains against the US Dollar today after opening trade at 278 in the interb...

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News Update

17

May 2024

May 17, 2024 • 5 min read

Govt May Hike Petroleum Levy to Rs. 100 Per Liter, Making Petrol a Lot More Expensive

The federal government is considering a move to levy a carbon tax on petroleum and similar products or increasing the pe...

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News Update

17

May 2024

May 17, 2024 • 5 min read

Pakistan’s Short-Term Inflation Down to Lowest Level in Almost 2 Years

The Sensitive Price Index (SPI)-based inflation for the current week ended on May 16, 2024, decreased by 1.06 percent. T...

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News Update

17

May 2024

May 17, 2024 • 5 min read

Thatta Cement to Switch to Solar, Wind Energy to Cut Dependency on Grid Electricity by 50%

The Board of Directors of Thatta Cement Company Limited (PSX: THCCL) has approved in principle a green energy plan to re...

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News Update

17

May 2024

May 17, 2024 • 5 min read

Bank Alfalah Gets SBP’s In-Principle Approval for Sale of its Bangladesh Operations

Bank Alfalah Limited (PSX: BAFL) Friday announced that the State Bank of Pakistan has granted it in-principle approval t...

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News Update

17

May 2024

May 17, 2024 • 5 min read

FBR Forms Joint Working Group of Tax Officials, Telcos for SIMs Blocking Exercise

The Federal Board of Revenue (FBR) has set up a Joint Working Group (JWG) of tax officials and telecom operators to stre...

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News Update

17

May 2024

May 17, 2024 • 5 min read

AGP Criticizes FBR’s Increased Reliance on Withholding Taxes

The Auditor General of Pakistan (AGP) has conveyed to the Federal Board of Revenue (FBR) that the withholding taxes are...

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News Update

17

May 2024

May 17, 2024 • 5 min read

Pakistan May Seek $15 Billion Energy Debt Restructuring from China

Pakistan has prepared a proposal to seek a restructuring of $15.4 billion Chinese energy debt to lower electricity price...

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News Update

17

May 2024

May 17, 2024 • 5 min read

Ali Pervaiz Sworn in as Minister of State for Finance

Member of National Assembly Ali Pervaiz Friday took the oath of the office of Minister of State. President Asif Ali Zard...

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News Update

17

May 2024

May 17, 2024 • 5 min read

Trade Unions Convey Concerns Related to Tajir Dost Scheme to FBR

The Federal Board of Revenue (FBR) has urged the Trade Unions to cooperate with the Government in facilitating the regis...

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News Update

17

May 2024

May 17, 2024 • 5 min read

SECP Enables Digital Lenders to Launch Novel Solutions

The Securities and Exchange Commission of Pakistan (SECP) has unveiled a comprehensive framework for digital lenders to...

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News Update

17

May 2024

May 17, 2024 • 5 min read

Foreign Direct Investment in Pakistan Soars to $359 Million in April, Highest Since December 2019

The net Foreign Direct Investment (FDI) in the country rose to $359 million in April 2024, up 172 percent over the FDI o...

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News Update

17

May 2024

May 17, 2024 • 5 min read

Govt Plans to Convert Three Imported Coal-Fired Power Plants to Thar Coal

The federal government plans to convert three plants currently running on imported coal to Thar coal. According to a rep...

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News Update

17

May 2024

May 17, 2024 • 5 min read

Gold Price in Pakistan Falls After Successive Gains

After going up by Rs. 4,500 per tola over the last two days, the price of gold in Pakistan fell by Rs. 600 per tola on F...

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News Update

17

May 2024

May 17, 2024 • 5 min read

Govt Seeks Dismissal of IHC’s Order Restraining it from Blocking Mobile SIMs of Non-Filers

The federal government on Friday approached the Islamabad High Court (IHC) to get the stay order on blocking of mobile p...

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News Update

17

May 2024

May 17, 2024 • 5 min read

OGDCL Increases Oil Production at Khyber Pakhtunkhwa Well

Oil & Gas Development Company Limited (PSX: OGDC) has enhanced production at Nashpa Well-10 through Rigless intervention...

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News Update

17

May 2024

May 17, 2024 • 5 min read

Cabinet Directs Finance Ministry to Clear Dividends Owed to Chinese Firms

The federal cabinet has instructed the Finance Ministry to clear all dividends owed to Chinese companies operating in Pa...

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News Update

17

May 2024

May 17, 2024 • 5 min read

Experts Urge Need to Change Taxation Policies in Steel Sector

Experts at a consultative dialogue on taxation policies in the country’s steel sector on Thursday said there is need of...

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News Update

17

May 2024

May 17, 2024 • 5 min read

Pakistan’s Real Effective Exchange Rate Hits 5-Year High

Pakistan’s Real Effective Exchange Rate (REER) increased by 0.4 percentage points to 104.5 in April 2024, according to d...

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News Update

17

May 2024

May 17, 2024 • 5 min read

Fly Jinnah, Air Blue Among Companies to Submit Expression of Interest for PIA’s Privatization

Federal Minister for Privatization Abdul Aleem Khan Friday said the Privatization Commission has received Expressions of...

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News & Updates

Pakistan Records Highest-Ever Monthly IT Exports of $310 Million in April

Rupee Suddenly Appreciates Against US Dollar, Other Currencies to End Week

Govt May Hike Petroleum Levy to Rs. 100 Per Liter, Making Petrol a Lot More Expensive

Pakistan’s Short-Term Inflation Down to Lowest Level in Almost 2 Years

Thatta Cement to Switch to Solar, Wind Energy to Cut Dependency on Grid Electricity by 50%

Bank Alfalah Gets SBP’s In-Principle Approval for Sale of its Bangladesh Operations

FBR Forms Joint Working Group of Tax Officials, Telcos for SIMs Blocking Exercise

AGP Criticizes FBR’s Increased Reliance on Withholding Taxes

Pakistan May Seek $15 Billion Energy Debt Restructuring from China

Ali Pervaiz Sworn in as Minister of State for Finance

Trade Unions Convey Concerns Related to Tajir Dost Scheme to FBR

SECP Enables Digital Lenders to Launch Novel Solutions

Foreign Direct Investment in Pakistan Soars to $359 Million in April, Highest Since December 2019

Govt Plans to Convert Three Imported Coal-Fired Power Plants to Thar Coal

Gold Price in Pakistan Falls After Successive Gains

Govt Seeks Dismissal of IHC’s Order Restraining it from Blocking Mobile SIMs of Non-Filers

OGDCL Increases Oil Production at Khyber Pakhtunkhwa Well

Cabinet Directs Finance Ministry to Clear Dividends Owed to Chinese Firms

Experts Urge Need to Change Taxation Policies in Steel Sector

Pakistan’s Real Effective Exchange Rate Hits 5-Year High

Fly Jinnah, Air Blue Among Companies to Submit Expression of Interest for PIA’s Privatization

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