News & Updates

News Update

06

Mar 2024

Mar 06, 2024 • 5 min read

Govt Signed New Loan Agreements of $642 Million in First Quarter of FY24

The government of Pakistan signed new agreements worth $642 million as commitments in first quarter of the current fisca...

Read Full Article

News Update

06

Mar 2024

Mar 06, 2024 • 5 min read

SECP Files Criminal Cases Against Individuals Involved in Stock Market Manipulation

The Securities and Exchange Commission of Pakistan (SECP) has filed four criminal complaints against individuals involve...

Read Full Article

News Update

06

Mar 2024

Mar 06, 2024 • 5 min read

Pakistan’s Public Debt Up By Rs. 4 Trillion in 7 Months As Govt Borrowing Continues

The total public debt stock of the federal government increased by 17.8 percent on a year-on-year (YoY) basis in January...

Read Full Article

News Update

05

Mar 2024

Mar 05, 2024 • 5 min read

BuildAI: Revolutionizing Bot Development for the Modern Era

In the dynamic world of digital innovation, effective communication solutions are key to success. BuildAI emerges as a b...

Read Full Article

News Update

05

Mar 2024

Mar 05, 2024 • 5 min read

Gold Price in Pakistan Posts Big Increase as International Prices Hit Three-Month Peak

The price of gold in Pakistan registered its fifth consecutive increase on Tuesday to settle at Rs. 223,900 per tola. Ac...

Read Full Article

News Update

05

Mar 2024

Mar 05, 2024 • 5 min read

PM Directs for Approaching IMF For A Bigger Bailout

Prime Minister Shehbaz Sharif, a few hours after being sworn in on Monday, directed for immediate initiation of talks wi...

Read Full Article

News Update

05

Mar 2024

Mar 05, 2024 • 5 min read

PSO to Write Letter to Govt for Rs. 70 Billion Bailout to Avoid Default

Pakistan State Oil (PSO) is set to ask the federal government for a Rs. 70 billion bailout so it may avoid default. Chai...

Read Full Article

News Update

05

Mar 2024

Mar 05, 2024 • 5 min read

Rupee Falls 3rd Day in a Row Against US Dollar After Return of PM Shehbaz

The Pakistani rupee lost further ground against the US Dollar after opening trade at 280 in the interbank market. It was...

Read Full Article

News Update

05

Mar 2024

Mar 05, 2024 • 5 min read

Pakistan’s Gas Reserves to Decrease by 50% in Next 3 Years

Pakistan’s indigenous gas reserves are expected to halve by fiscal year 2026-27, placing significant strain on the count...

Read Full Article

News Update

05

Mar 2024

Mar 05, 2024 • 5 min read

Federal and Punjab Govts Plan Big Switch to New Pension System By July

Both the federal government and the provincial government of Punjab are working with the Securities Exchange Commission...

Read Full Article

News Update

05

Mar 2024

Mar 05, 2024 • 5 min read

IHC Restrains FBR From Forcibly Recovering Tax From Pakistan LNG Ltd

Islamabad High Court (IHC) restrained Federal Board of Revenue (FBR) from taking coercive measures including forcible re...

Read Full Article

News Update

05

Mar 2024

Mar 05, 2024 • 5 min read

Faysal Bank Complements State Bank’s Efforts for Enhancing Financial Literacy

Faysal Bank Limited (FBL), a leading Islamic financial institution of Pakistan, has partnered with State Bank of Pakista...

Read Full Article

News Update

05

Mar 2024

Mar 05, 2024 • 5 min read

Radio Pakistan Employees Deprived of 4 Months’ Salaries

Daily wagers and artists associated with Radio Pakistan have been deprived of their salaries for the past four months. S...

Read Full Article

News Update

05

Mar 2024

Mar 05, 2024 • 5 min read

Japan to Provide Grant of $300,000 to 5 Pakistani NGOs

The Government of Japan has decided to provide grant assistance of up to USD 300,800 (equivalent to around Rs. 84 millio...

Read Full Article

News Update

05

Mar 2024

Mar 05, 2024 • 5 min read

Muhammad Aurangzeb Likely to Replace Ishaq Dar as Finance Minister in Sharif’s New Cabinet

Renowned banker Muhammad Aurangzeb is likely to become Pakistan’s next finance minister as newly elected Prime Minister...

Read Full Article

News Update

05

Mar 2024

Mar 05, 2024 • 5 min read

Pakistan Only South Asian Country to Improve on WB’s Women, Business and Law Index

Pakistan is among the eighteen economies globally, and the only South Asian country, registering improvement in their wo...

Read Full Article

News Update

05

Mar 2024

Mar 05, 2024 • 5 min read

ADB Signs Agreement For Sanitation, Waste Management Project in Rawalpindi, Bahawalpur

The Asian Development Bank (ADB) and the United Nations Children’s Fund (UNICEF) Tuesday signed a Letter of Understandin...

Read Full Article

News Update

05

Mar 2024

Mar 05, 2024 • 5 min read

FBR Rejects 18% Sales Tax on Locally Manufactured Cars

The Federal Board of Revenue (FBR) has rejected the Ministry of Industry’s request to levy an 18 percent general sales t...

Read Full Article

News Update

04

Mar 2024

Mar 04, 2024 • 5 min read

FBR Issues Procedure for Disposal of Cases of Condonation of Time Limit Under Sales Tax Act

The Federal Board of Revenue (FBR) has issued a new procedure for disposal of requests of registered persons for condona...

Read Full Article

News Update

04

Mar 2024

Mar 04, 2024 • 5 min read

Cotton Arrivals Up By 72% in February 2024

Pakistan’s cotton output increased by 72 percent year-on-year (YoY), according to the latest fortnightly data released b...

Read Full Article

News Update

04

Mar 2024

Mar 04, 2024 • 5 min read

FBR Issues All Outstanding Refunds to Exporters

The Federal Board of Revenue (FBR) has issued all outstanding refunds as of March 3, 2024, to exporters amounting to Rs....

Read Full Article