News & Updates

News Update

02

May 2024

May 02, 2024 • 5 min read

FBR Constitutes Policy Board to Draft Proposals For Finance Bill 2024-25

The Federal Board of Revenue (FBR) has formed the Finance Bill Policy Board to draft policy proposals for the upcoming F...

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News Update

02

May 2024

May 02, 2024 • 5 min read

Barrick Gold Trying to Raise $2 Billion Funds for Reko Diq

Canadian mining company Barrick Gold is negotiating with the International Finance Corporation and other entities to hel...

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News Update

02

May 2024

May 02, 2024 • 5 min read

FPCCI President Urges Promoting Direct Links Between Private Sectors of Pakistan and Algeria

Federation of Pakistan Chamber of Commerce and Industry (FPCCI) President Atif Ikram Sheikh met with the Ambassador of A...

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News Update

02

May 2024

May 02, 2024 • 5 min read

PTA Issues Statement on FBR’s Decision to BLOCK SIMs of Non-Filers

Pakistan Telecommunication Authority (PTA) has issued a statement on the blocking of mobile phone SIMs of over 500,000 n...

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News Update

02

May 2024

May 02, 2024 • 5 min read

Takaful Bazaar to Showcase World’s First Embedded Takaful Platform at DIFC Fintech Summit 2024

Takaful Bazaar, a leading InsurTech startup based in the UAE, is thrilled to announce its upcoming participation in the...

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News Update

02

May 2024

May 02, 2024 • 5 min read

PIA Fails to Attract Suitable Buyer As Sale Deadline Approaches

The privatization of Pakistan International Airlines (PIA) has failed to attract foreign companies to buy majority share...

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News Update

02

May 2024

May 02, 2024 • 5 min read

FBR to Issue Higher Property Rates in July 2024

The Federal Board of Revenue (FBR) will issue increased values of immovable properties from July 1, 2024. The FBR has st...

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News Update

02

May 2024

May 02, 2024 • 5 min read

Govt Asks World Bank to Restructure $230 Million Karachi Project

The government has requested the World Bank to restructure the “Competitive and Livable City of Karachi Project” worth $...

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News Update

02

May 2024

May 02, 2024 • 5 min read

EFU Life Commences Health Insurance Via Acquisition and Amalgamation of EFU Health

EFU Life Assurance Ltd., the leading private sector life insurance and family takaful provider in Pakistan, is pleased t...

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News Update

02

May 2024

May 02, 2024 • 5 min read

Gold Price in Pakistan Continues Losing Trend With Third Decline This Week

The price of gold in Pakistan continued its downward trend on Thursday, falling by Rs. 900 per tola.  According to data...

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News Update

02

May 2024

May 02, 2024 • 5 min read

SBP Reserves Cross $8 Billion, Yet to Reflect $1.1 Billion IMF Loan

The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $25 million on a weekly basis according t...

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News Update

02

May 2024

May 02, 2024 • 5 min read

Rupee Marginally Up 2nd Day in a Row Against US Dollar

The Pakistani rupee closed in green against the US Dollar second day in a row today after opening trade at 278 in the in...

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News Update

02

May 2024

May 02, 2024 • 5 min read

Govt to Use Modern Tech to Realize True Potential of Agriculture Sector: Food Minister

Federal Minister for National Food Security and Industries and Production Rana Tanveer Hussain has said that the agricul...

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News Update

02

May 2024

May 02, 2024 • 5 min read

JS Bank Records 144% Growth in Pre-tax Profits in Q1 CY24

JS Bank, one of the fastest-growing banks in Pakistan, announced its financial performance for the first quarter of 2024...

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News Update

02

May 2024

May 02, 2024 • 5 min read

Ghandhara Tyre to Install 2 MW Rooftop Solar Plant

Ghandhara Tyre and Rubber Company Limited (GTYR) Thursday announced that it will install a 2MW rooftop solar plant. In a...

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News Update

02

May 2024

May 02, 2024 • 5 min read

Pakistan Records Rs. 197 Billion Primary Deficit in Q3 FY24

Pakistan recorded its first negative primary balance of FY24 during the quarter that ended on March 31, 2024 (3QFY24), a...

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News Update

02

May 2024

May 02, 2024 • 5 min read

MCB Islamic Bank and Techlogix Pakistan Strike a Chord with Oracle Banking Digital Platform Implementation

MCB Islamic Bank is proud to announce a significant milestone in its digital transformation journey with the signing of...

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News Update

02

May 2024

May 02, 2024 • 5 min read

Former KP Finance Minister Highlights Two Issues That Govt Must Address to Solve Pakistan’s Fiscal Challenge

Khyber Pakhtunkhwa’s former finance minister Taimur Saleem Jhagra has highlighted two key areas that the new Internation...

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News Update

02

May 2024

May 02, 2024 • 5 min read

Govt Borrowing From Banks Hits Record Rs. 5.7 Trillion in Just 10 Months

The federal government has borrowed over Rs. 5.7 trillion from banks, official data from the State Bank of Pakistan (SBP...

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News Update

02

May 2024

May 02, 2024 • 5 min read

Celebrating a Decade of Distinction: The ICAP CFO Conference and Professional Excellence Awards 2024

The Institute of Chartered Accountants of Pakistan (ICAP) is thrilled to present the 24th edition of its flagship CFO Co...

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News Update

02

May 2024

May 02, 2024 • 5 min read

PBC Issues Tax Proposals for Upcoming Budget

The Pakistan Business Council’s (PBC) tax proposals for the upcoming budget look to save jobs in the manufacturing & for...

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