News & Updates

News Update

05

Apr 2024

Apr 05, 2024 • 5 min read

Govt Sets Up Review Panel For Evaluating Import/Export Ban on Prohibited Items

The federal government has formed a specialized committee for evaluating cases of import and export of prohibited items....

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News Update

05

Apr 2024

Apr 05, 2024 • 5 min read

Weekly Inflation Stubborn Near 30% Due to Costly Gas, Food Items

The Sensitive Price Index (SPI) based inflation for the week ended on April 04, 2024, increased by 0.96 percent over the...

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News Update

05

Apr 2024

Apr 05, 2024 • 5 min read

Ishaq Dar Summons Inaugural Meeting of Privatization Committee

Foreign Minister Ishaq Dar has summoned an inaugural session of the Privatization Committee of the Federal Cabinet on Sa...

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News Update

05

Apr 2024

Apr 05, 2024 • 5 min read

Pakistan Railways Posts Rs. 66 Billion Revenue in 9 Months of FY24

Pakistan Railways has reported a revenue of Rs. 66 billion in the first nine months of the financial year 2023-24. Accor...

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News Update

05

Apr 2024

Apr 05, 2024 • 5 min read

Almost 75% Businessmen Have No Hopes of Improvement from New Govt: Gallup Survey

A whopping 73 percent of the businesses do not have the hope that the newly elected government of Prime Minister Shehbaz...

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News Update

05

Apr 2024

Apr 05, 2024 • 5 min read

Economic Outlook on Pakistan Gets Challenging With Global Oil Prices Rising

Oil globally going up has put up a new set of challenges for the slow-growth and high-inflation economy of Pakistan. On...

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News Update

05

Apr 2024

Apr 05, 2024 • 5 min read

Cabinet Accords Approval to Abolish Different Departments Under Austerity Policy

The federal cabinet has abolished the National Commission for Child Welfare and Development, the National Child Protecti...

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News Update

05

Apr 2024

Apr 05, 2024 • 5 min read

AJK Govt Launches Massive Crackdown Against Tax Evasion in Cigarette Industry

Joint teams of Azad Jammu & Kashmir’s excise and taxation department and police have conducted large-scale enforcement a...

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News Update

05

Apr 2024

Apr 05, 2024 • 5 min read

Pak Rupee Ends Week in Red Against US Dollar

The Pakistani rupee was red 3rd day in a row against the US Dollar after opening trade at 279 in the interbank market. I...

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News Update

05

Apr 2024

Apr 05, 2024 • 5 min read

Risk or War: Banks Will Punish Govt For New Lending Tax

Banks have a new target on their back. Instead of fighting inflation, the federal government has decided to tax higher o...

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News Update

05

Apr 2024

Apr 05, 2024 • 5 min read

SCO, One Network, and Cybernet Partner to Facilitate Cross-Border Internet Traffic

Special Communications Organization (SCO), a government-owned telecommunication service provider operating in Azad Jammu...

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News Update

05

Apr 2024

Apr 05, 2024 • 5 min read

Finance Minister, PM Shehbaz Will Travel to Saudi Arabia to Discuss Investment in Reko Diq

Finance Minister Muhammad Aurangzeb will travel with Prime Minister Shehbaz Sharif to Saudi Arabia seeking a massive inv...

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News Update

05

Apr 2024

Apr 05, 2024 • 5 min read

Govt Working on Tariff Rationalization to Enhance Trade Competitiveness: Commerce Minister

The Ministry of Commerce arranged a pre-budget seminar in Islamabad on Thursday aimed at creating awareness on tariff ra...

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News Update

05

Apr 2024

Apr 05, 2024 • 5 min read

Experts Claim Popular NGOs Collect Zakat and Invest in Interest-Based Funds

Islamic financial experts have urged the masses at large to opt for Sharia-compliant institutions, including Non-Governm...

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News Update

05

Apr 2024

Apr 05, 2024 • 5 min read

Pakistan Set to Make $1 Billion Bond Payment This Month

Pakistan is all set to fulfil its commitment to repay $1 billion on its 10-year dollar bond, set to mature in mid-April....

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News Update

04

Apr 2024

Apr 04, 2024 • 5 min read

Gender-Based Issues Still Persist in Pakistan Despite Progress: World Bank

Despite some progress, gender gaps, gender-based violence, and disadvantageous social norms facing women and girls persi...

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News Update

04

Apr 2024

Apr 04, 2024 • 5 min read

Pak Elektron Ltd to Set Up Commercial Subsidiary in UAE

The Board of Directors of Pak Elektron Limited (PSX: PAEL) has decided to set up a wholly-owned subsidiary in the United...

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News Update

04

Apr 2024

Apr 04, 2024 • 5 min read

Govt to Impose More Tax on Banks With Bad Lending Record

The government will now charge an additional 10-16 percent tax scheme on banks if lending to the private sector falls be...

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News Update

04

Apr 2024

Apr 04, 2024 • 5 min read

Japan to Provide Pakistan $9.8 Million Grant for Two Projects

A signing ceremony for Exchange of Notes and Grant Agreements between the Governments of Pakistan and Japan regarding tw...

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News Update

04

Apr 2024

Apr 04, 2024 • 5 min read

LHC Vacates Stay Order Against Deregulation of Prices of Non-Essential Medicines

Lahore High Court has vacated the order against the deregulation of Maximum Retail Prices (MRPs) of non-essential drugs...

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News Update

04

Apr 2024

Apr 04, 2024 • 5 min read

TMC Completes the Acquisition of Siemens Pakistan’s SAP ERP Reselling Business

TMC Private Limited has taken a giant leap forward by acquiring Siemens Pakistan’s SAP ERP reselling business. By integr...

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