News & Updates

News Update

01

Feb 2024

Feb 01, 2024 • 5 min read

ECC Approves Plan for Price Rationalization of Subsidized Wheat in Gilgit-Baltistan

Federal Minister for Finance Dr Shamshad Akhtar presided over a meeting of the Economic Coordination Committee (ECC) of...

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News Update

01

Feb 2024

Feb 01, 2024 • 5 min read

Senate Committee Passes Imports and Exports (Control) (Amendment) Bill 2023

A meeting of the Senate Standing Committee on Commerce was held under the chairmanship of Senator Zeeshan Khanzada, wher...

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News Update

01

Feb 2024

Feb 01, 2024 • 5 min read

RDA Files FIRs Against More Illegal Housing Societies in Rawalpindi

The Rawalpindi Development Authority’s (RDA) Metropolitan Planning and Traffic Engineering (MP&TE) Directorate has taken...

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News Update

01

Feb 2024

Feb 01, 2024 • 5 min read

Pakistan’s Trade Deficit Down 39% in 7 Months of FY24: Minister

Federal Minister for Commerce and Industries Gohar Ejaz Thursday announced that Pakistan’s exports in January 2024 incre...

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News Update

31

Jan 2024

Jan 31, 2024 • 5 min read

EFG Hermes Pakistan Board Approves Merger With Intermarket Securities Ltd

The Board of Directors of EFG Hermes Pakistan Limited (EFG Pakistan) has in-principle approved a merger transaction invo...

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News Update

31

Jan 2024

Jan 31, 2024 • 5 min read

How to Participate in PK Rupee Note Design Competition

The State Bank of Pakistan has invited artists, designers, and art students to submit designs for new banknote series. P...

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News Update

31

Jan 2024

Jan 31, 2024 • 5 min read

Graana.com and Agency21 Join Forces to Introduce ‘The Avenair’: A New Standard of Luxury in Lahore’s MM Alam

In a grand celebration last weekend, Graana.com and Agency21 came together to launch The Avenair, the newest luxury resi...

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News Update

31

Jan 2024

Jan 31, 2024 • 5 min read

FTO Orders FBR to Work With State Bank of Pakistan To Resolve Exporters’ Issues

The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to liaise with the State Bank of Pakista...

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News Update

31

Jan 2024

Jan 31, 2024 • 5 min read

Court Stops FBR From Forcing Shifa University to Pay Taxes

The Islamabad High Court has barred the Federal Board of Revenue (FBR) from adopting coercive measures for recovery of d...

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News Update

31

Jan 2024

Jan 31, 2024 • 5 min read

What Grade of Green Brought Pakistan’s Economy to Ruin? [Opinion]

Pakistan’s political crisis since April 2022 has laid bare some logic-shattering narratives over what (read: who) is to...

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News Update

31

Jan 2024

Jan 31, 2024 • 5 min read

Electricity Bills Likely to Increase Further Soon

Power distribution firms (DISCOs) have asked the National Electric Power Regulatory Authority (NEPRA) to help collect ad...

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News Update

31

Jan 2024

Jan 31, 2024 • 5 min read

FBR Restructuring: Finance Minister ‘Ignores’ ECP Letter in Late Night Speech

Caretaker Finance Minister Dr. Shamshad Akhtar in her televised speech on Tuesday night did not mention or respond to an...

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News Update

31

Jan 2024

Jan 31, 2024 • 5 min read

Saudi Minister Promises to Create Linkage Between Sovereign Funds of KSA, Pakistan

Caretaker Finance Minister Dr Shamshad Akhtar had a virtual meeting with Khalid Al-Falih, the Investment Minister of the...

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News Update

31

Jan 2024

Jan 31, 2024 • 5 min read

FBR Misses January’s Collection Target by Rs. 9 Billion

The Federal Board of Revenue (FBR) has suffered a shortfall of Rs. 9 billion during January 2024, as the provisional tax...

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News Update

31

Jan 2024

Jan 31, 2024 • 5 min read

Govt Seeks Extension in WB Loan for Dasu Transmission Line Project

The government has sought a 13-month extension in the closing date of the World Bank loan to continue the construction o...

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News Update

31

Jan 2024

Jan 31, 2024 • 5 min read

SBP Asks Authorized Dealers To Process Import Payments With Due Diligence

State Bank of Pakistan (SBP) allowed authorized dealers, mainly commercial banks, to process import advance payment with...

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News Update

31

Jan 2024

Jan 31, 2024 • 5 min read

Pakistan To Get Big Relief in $2 Billion Loan Payment to China

China has expressed willingness to roll over $2 billion in loans to Pakistan, Finance Ministry sources told ProPakistani...

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News Update

31

Jan 2024

Jan 31, 2024 • 5 min read

Security Papers to Contest Public Sector Label Given by SECP

Security Papers Limited (SPL) has decided to challenge the Securities & Exchange Commission of Pakistan (SECP) order tha...

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News Update

31

Jan 2024

Jan 31, 2024 • 5 min read

PRIME Report Highlights the Failures of the Caretaker Government

The tax reforms proposed by the caretaker government illustrate a lack of understanding of the real issue as restructuri...

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News Update

31

Jan 2024

Jan 31, 2024 • 5 min read

Gold Price in Pakistan Sees Major Decline in First Month of 2024

The price of gold in Pakistan posted a loss of Rs. 4,500 per tola during the first month of 2024 to settle at Rs. 215,50...

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News Update

31

Jan 2024

Jan 31, 2024 • 5 min read

PSX Witnesses Highest Net Selling By Foreign Investors in First Month of 2024

January witnessed a net selling of $35 million (January 1-30, 2024) by foreign portfolio investors. This is the highest...

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