News & Updates

News Update

07

May 2024

May 07, 2024 • 5 min read

Inquiry Report on Track and Trace System Blames Former FBR Chairman

The five-member inquiry committee led by Secretary Finance Imdad Ullah Bosal to probe the Track and Trace System (TTS) h...

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News Update

07

May 2024

May 07, 2024 • 5 min read

Pakistan, Dutch, Australian Companies Announce Partnership to Introduce Superior Livestock

Despite being 4th largest milk producer in the world and a major sub-sector of agriculture, contributing along with live...

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News Update

07

May 2024

May 07, 2024 • 5 min read

PM Urges Japanese Companies to Invest In Pakistan’s Automobile Industry

Prime Minister Shehbaz Sharif Tuesday urged Japanese companies to take full advantage of the vast potential for investme...

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News Update

07

May 2024

May 07, 2024 • 5 min read

CCP Advances Telenor-PTCL Merger to Final Phase [Updated]

The Competition Commission of Pakistan (CCP) has advanced the merger application of Telenor Pakistan with PTCL to the ne...

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News Update

07

May 2024

May 07, 2024 • 5 min read

Chicken Price Falls by Rs. 78 in Punjab in Just a Day

Chicken prices have been reduced by Rs. 78 per kilogram in Punjab effective May 7, 2024. The price of chicken in the loc...

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News Update

07

May 2024

May 07, 2024 • 5 min read

Citi Pharma Enters Joint Venture With Chinese Company, Expects Rs. 4.5 Billion Gross Profit

Citi Pharma Limited (PSX: CPHL) has entered into a joint venture with Hangzhou Newsea Technology Co., Ltd, a big player...

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News Update

07

May 2024

May 07, 2024 • 5 min read

IMF Wants Pakistan to Tax Rs. 1.3 Trillion More Next Fiscal Year

The International Monetary Fund (IMF) wants Pakistan to tax Rs. 1.3 trillion more next fiscal year, massively raising th...

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News Update

07

May 2024

May 07, 2024 • 5 min read

FBR Forms Project Management Team to Monitor Implementation of Digitalization Process

The Federal Board of Revenue (FBR) has constituted a Project Management Team for Tax System Digitalization to monitor th...

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News Update

07

May 2024

May 07, 2024 • 5 min read

PM Shehbaz Pledges Full Support For Saudi Investments in Pakistan

Prime Minister Muhammad Shehbaz Sharif assured his government’s blanket support to the Saudi investment, enabling the in...

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News Update

07

May 2024

May 07, 2024 • 5 min read

Govt Enforces Tax Laws (Amendment) Act

The government has enforced Tax Laws (Amendment) Act, 2024 from May 6, 2024 to liquidate appeals before Commissioner Inl...

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News Update

06

May 2024

May 06, 2024 • 5 min read

Construction Company Withdraws Offer to Buy Majority Stake in Balochistan Wheels

RMS (Private) Limited has withdrawn its public announcement of intention (PAI) to acquire a majority stake in Baluchista...

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News Update

06

May 2024

May 06, 2024 • 5 min read

Iran, Pakistan Looking at Options to Complete Gas Pipeline Project

Iran’s Consul General to Pakistan Hassan Nourian Monday said that Iran and Pakistan are looking at ways to complete the...

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News Update

06

May 2024

May 06, 2024 • 5 min read

Banking Pakistan’s Agriculture and the Evolving State of Agritech, Discussion with Farmdar

No single agritech startup funding was reported in Pakistan in the whole of 2023 despite technology’s rightful promise t...

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News Update

06

May 2024

May 06, 2024 • 5 min read

Utility Stores Corporation Receives Costly Bids for Sugar Purchase Tender

The prices of sugar available at Utility Stores is likely to increase in the coming weeks as the Utility Stores Corporat...

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News Update

06

May 2024

May 06, 2024 • 5 min read

Saudi Investors Taking Keen Interest in Pakistan: Commerce Minister

Federal Minister for Commerce Jam Kamal on Monday said Saudi investors are taking a keen interest in Pakistan’s economy....

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News Update

06

May 2024

May 06, 2024 • 5 min read

Rupee Ends 3-Day Win Streak Against US Dollar, Other Top Currencies

The Pakistani rupee reversed its 3-day winning streak against the US Dollar today after opening trade at 277 in the inte...

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News Update

06

May 2024

May 06, 2024 • 5 min read

Millat Tractors Board Approves Business Expansion Plan to Amalgamate Subsidiary

Millat Tractors Limited (PSX: MTL) has considered and approved a business expansion plan to amalgamate its subsidiary Mi...

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News Update

06

May 2024

May 06, 2024 • 5 min read

Private Sector Will Take Country Forward Not Bureaucrats: Aurangzeb

Finance Minister Muhammad Aurangzeb on Monday said the private sector has a big responsibility to take the country forwa...

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News Update

06

May 2024

May 06, 2024 • 5 min read

FBR Claims Rs. 2.7 Trillion Stuck Due to Unresolved Court Cases

Tax cases worth Rs. 2.7 trillion have remained unresolved for decades, Federal Board of Revenue (FBR) sources informed P...

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News Update

06

May 2024

May 06, 2024 • 5 min read

Synergy Group Wins Big at the Effie Awards 2024

Synergy Group, the biggest integrated marketing communication conglomerate in the country, claims another victory in a s...

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News Update

06

May 2024

May 06, 2024 • 5 min read

Steps Being Taken to Promote Entrepreneurship, Facilitate Youth: IT Minister

Minister of State for IT and Telecommunication Shaza Fatima Khawaja on Monday said that the Ministry of IT & Telecom is...

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