News & Updates

News Update

10

May 2024

May 10, 2024 • 5 min read

CCP Approves Acquisition of 20.97% Shareholding of Orient Power Company by Whistler Enterprises

The Competition Commission of Pakistan (CCP) has approved a merger in the thermal power sector. The approved transaction...

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News Update

10

May 2024

May 10, 2024 • 5 min read

PHDL, SIUT Extend Execution Period for Regent Plaza Sale Once Again

Pakistan Hotels Developers Limited (PHDL) and SIUT Trust have mutually extended the deadline of the execution of the sal...

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News Update

10

May 2024

May 10, 2024 • 5 min read

IMF Wants Pakistan to Expedite Tax Policy Reforms

The International Monetary Fund (IMF) has urged the Pakistani authorities that renewed efforts are needed to expedite ex...

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News Update

10

May 2024

May 10, 2024 • 5 min read

PM Takes Notice of Low Utilization of E-Office in Ministries

Prime Minister Shehbaz Sharif has expressed concern over the fact that despite repeated instruction, utilization of E-Of...

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News Update

10

May 2024

May 10, 2024 • 5 min read

Cherat Packaging Installs Its 2nd Flexographic Printer

Cherat Packaging Limited (PSX: CPPL) has successfully installed and commissioned its 2nd Flexographic Printer for its Fl...

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News Update

10

May 2024

May 10, 2024 • 5 min read

OICCI Recommends Using NADRA, FBR to Enhance Tax Net in Budget 2024-25

Overseas Investors Chamber of Commerce and Industry (OICCI) in its Taxation proposals for the upcoming Fiscal Budget 202...

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News Update

10

May 2024

May 10, 2024 • 5 min read

19.1% Duty on Steel Imports From China Extended for 5 Years

The National Tariff Commission (NTC) has announced that it has decided to continue the anti-dumping duty of 19.15 percen...

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News Update

10

May 2024

May 10, 2024 • 5 min read

PSX Closes Above 73,000 For First Time in History

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index recorded its highest-ever closing at 73,085 on Friday, up by...

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News Update

10

May 2024

May 10, 2024 • 5 min read

IMF Wants Pakistan to Tax Both Civilian, Military Pensioners

The International Monetary Fund (IMF) has demanded Pakistan to tax civilian and military pensioners and eliminate income...

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News Update

10

May 2024

May 10, 2024 • 5 min read

GSMA Opposes Blocking of Mobile SIMs of Non-Filers

Association (GSMA), an international organization that represents the interests of Telecom operators worldwide has oppos...

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News Update

10

May 2024

May 10, 2024 • 5 min read

Pakistan, Korea Sign Aide-Mémoire for Enhanced Development Cooperation 2024-2026

The Economic Development Cooperation Fund (EDCF) Country Programme Mission from the Export-Import Bank of Korea (KEXIM)...

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News Update

10

May 2024

May 10, 2024 • 5 min read

CCOP Approves 24 Entities for Privatization Programme

The Cabinet Committee on Privatization (CCOP) Friday approved 24 entities for the Privatization Programme. The CCOP meet...

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News Update

09

May 2024

May 09, 2024 • 5 min read

Taxpayers to Deposit 30% of Disputed Amount With FBR

Taxpayers are bound to deposit 30 percent of the determined tax with the Federal Board of Revenue (FBR) in cases where t...

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News Update

09

May 2024

May 09, 2024 • 5 min read

World Bank Lauds FBR’s Efforts to Digitalize Tax System

Raiser visited Federal Board of Revenue (FBR) HQs on Wednesday and met Amjed Zubair Tiwana, Chairman FBR/ Secretary Reve...

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News Update

09

May 2024

May 09, 2024 • 5 min read

Pakistan’s Remittances Drop by 5% to $2.81 Billion in April

Remittances sent by overseas Pakistanis fell by 4.7 percent to $2.81 billion in April 2024 compared to inflows of $2.95...

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News Update

09

May 2024

May 09, 2024 • 5 min read

Gold Price in Pakistan Stable After Mixed Fortunes Earlier in the Week

The price of gold in Pakistan remained unchanged on Thursday after slight movement earlier in the week. According to dat...

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News Update

09

May 2024

May 09, 2024 • 5 min read

NEPRA Conducts Hearing on KE’s Provisional FCA of 9 Months

The National Electric Power Regulatory Authority (NEPRA) conducted a public hearing today on the petition submitted by K...

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News Update

09

May 2024

May 09, 2024 • 5 min read

Govt Borrowing Smashes All Records to Hit Rs. 6 Trillion in 10 Months

The federal government has borrowed Rs. 6 trillion from banks, official data from the State Bank of Pakistan (SBP) revea...

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News Update

09

May 2024

May 09, 2024 • 5 min read

Pakistan Customs Caught Stealing From Warehouses

The theft and embezzlement of confiscated goods in the customs warehouses by the customs staff is one of the biggest hea...

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News Update

09

May 2024

May 09, 2024 • 5 min read

Transworld Extends Premium Internet Services to DHA Phase 8 Karachi

Transworld, renowned for its premium internet services, announces its expansion of services to DHA Phase 8 Karachi, mark...

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News Update

09

May 2024

May 09, 2024 • 5 min read

SBP Reserves Cross $9 Billion Mark for First Time Since July 2022

The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $1.1 billion on a weekly basis according...

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