News & Updates

News Update

02

May 2024

May 02, 2024 • 5 min read

Pakistan Losing Rs. 227 Billion Per Year Due to Smuggled Iranian Oil

Pakistan is losing Rs. 227 billion annual tax revenue as 10 million liters of Iranian petrol and diesel enter Pakistan p...

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News Update

02

May 2024

May 02, 2024 • 5 min read

TPL REIT Fund IPO Goes Live At PSX

Public subscription for the initial public offering of TPL REIT Fund I has commenced, the lead manager to the listing Ne...

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News Update

02

May 2024

May 02, 2024 • 5 min read

Pakistan Among 10 Lowest Old Citizen Populations in Asia by 2050: ADB

Some economies in developing Asia are aging rapidly, however Pakistan, will still share lower than 10 percent by 2050, s...

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News Update

02

May 2024

May 02, 2024 • 5 min read

Finance Ministry Sets Deadline for Key Budget Targets Ahead of Crucial IMF Visit

The Ministry of Finance has set a deadline to finalize budget targets by mid-May 2024 as it prepares for the arrival of...

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News Update

02

May 2024

May 02, 2024 • 5 min read

U Bank Inks MoU with National Science & Technology Park

In a significant stride towards fostering innovation and entrepreneurship in Pakistan, the National Science & Technology...

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News Update

02

May 2024

May 02, 2024 • 5 min read

Govt Extends Deadline for Expressions of Interest to Buy PIA

Ameeting of the Privatization Commission Board was held today under the chairmanship of the Federal Minister for Privati...

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News Update

02

May 2024

May 02, 2024 • 5 min read

Concave AGRI and Meskay & Femtee Trading Company Partner to Introduce Kubota Agri Tech in Pakistan

Concave AGRI is thrilled to announce a strategic collaboration with Meskay & Femtee Trading Company (MFTC), the authoriz...

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News Update

02

May 2024

May 02, 2024 • 5 min read

FBR Wants to Increase Withholding Tax Rate to 10% On Non-Filer Traders

The Federal Board of Revenue (FBR) now wants to increase the withholding tax (WHT) rate to 10 percent for non-filer trad...

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News Update

01

May 2024

May 01, 2024 • 5 min read

CAA Grants License to Another Airline to Launch Operations

The Civil Aviation Authority (CAA) has officially granted a charter license for K2 Airways for commencing airline operat...

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News Update

01

May 2024

May 01, 2024 • 5 min read

Pakistan’s Wheat Imports Expected to Rise, Says World Bank

Wheat imports are expected to rise for key importing countries including Pakistan, according to the World Bank. The Bank...

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News Update

01

May 2024

May 01, 2024 • 5 min read

Govt Decides to Make Compulsory Printing of Manufacturing/Expiry Date on Cement Bags

The Ministry of Science and Technology has decided to send the Competition Commission of Pakistan’s (CCP) proposal for t...

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News Update

01

May 2024

May 01, 2024 • 5 min read

FBR Identifies Mall of Islamabad As Benami Property

The Federal Board of Revenue (FBR) has attached the suspected Benami property, Plot No. 56- N, Mall of Islamabad, situat...

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News Update

01

May 2024

May 01, 2024 • 5 min read

FBR Incurs Rs. 53 Billion Shortfall in April Tax Collection

The Federal Board of Revenue (FBR) has suffered a massive revenue shortfall of Rs. 53 billion during the month of April...

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News Update

01

May 2024

May 01, 2024 • 5 min read

Govt Finally Considers Settling $2 Billion Outstanding Dues Of Chinese IPPs

The government is considering paying off nearly Rs. 550 billion ($1.98 billion) dues owed to Chinese Independent Power P...

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News Update

01

May 2024

May 01, 2024 • 5 min read

Deadlier Than Ever: Return of The Dollar Killer, Bad News For Aurangzeb?

Foreign Minister Ishaq Dar is now Finance Minister Muhammad Aurangzeb’s boss. The ex-banker is out of options, but does...

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News Update

01

May 2024

May 01, 2024 • 5 min read

Czech Company to Invest Over $1 Million in Pakistan

Icewarp, a software company from the Czech Republic, announced its plans to launch its full-fledged operation in Pakista...

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News Update

01

May 2024

May 01, 2024 • 5 min read

Customs, IRS Unhappy With Treatment of Senior Officers

The office bearers of the associations of Pakistan Customs Service (PCS) & interim committee of Inland Revenue Service (...

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News Update

01

May 2024

May 01, 2024 • 5 min read

Fils Partners with TPS to Drive Sustainability and Climate Action in Pakistan’s Digital Banking Sector

Fils, the fast-growing, UAE-based enterprise-grade digital infrastructure provider enabling companies to embed sustainab...

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News Update

30

Apr 2024

Apr 30, 2024 • 5 min read

Pakistan Needs Investments Not Debt: FPCCI

President Federation of Pakistan Chamber of Commerce and Industries Atif Ikram Sheik said that the visit of the Prime Mi...

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News Update

30

Apr 2024

Apr 30, 2024 • 5 min read

Pakistan’s Debt Trap is a ‘Death Trap’, PM Shehbaz Tells WEF

Debt and inflation pose significant challenges to Pakistan, Prime Minister Shehbaz Sharif said while addressing a sessio...

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News Update

30

Apr 2024

Apr 30, 2024 • 5 min read

PM Shehbaz, Saudi Crown Prince Agree to Strengthen Cooperation

Prime Minister Shehbaz Sharif and Saudi Arab’s Crown Prince and Prime Minister Mohammed bin Salman Al Saud met here Mond...

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