News & Updates

News Update

29

Jan 2024

Jan 29, 2024 • 5 min read

FBR and Financial Monitoring Unit to Work Together Against Tax Evasion

Chairman Federal Board of Revenue Malik Amjed Zubair Tiwana emphasized the need for sustained collaboration between the...

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News Update

29

Jan 2024

Jan 29, 2024 • 5 min read

International Steels Limited to Set up Solar Plant at Cost of Rs. 1 Billion

International Steels Limited announced on Monday that Board of Directors of the company has approved to undertake a 6.4...

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News Update

29

Jan 2024

Jan 29, 2024 • 5 min read

Telecom Sector Investment Slumps to Lowest in 5 Years in FY23

Telecom sector investment has been on a continuous decline during the last several years plummeting to $762 million in t...

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News Update

29

Jan 2024

Jan 29, 2024 • 5 min read

Pakistani Mobile Networks Are Now Earning Rs. 247.8 Per Month From Every User

The Mobile Average Revenue Per User (ARPU) rose to Rs. 278 per month during July-September 2023, according to the Pakist...

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News Update

29

Jan 2024

Jan 29, 2024 • 5 min read

Pakistan’s Budget Deficit Clocks in at 2.3% of GDP in H1

Pakistan’s fiscal deficit has been recorded at 2.3 percent of the GDP or Rs. 2,408 billion during the first six months o...

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News Update

29

Jan 2024

Jan 29, 2024 • 5 min read

The Petroleum Division of the Ministry of Energy Plans to Host “Petroleum Conference 2024” in Islamabad

The Petroleum Division of the Ministry of Energy is going to Host a “Petroleum Conference 2024” in Islamabad which is sc...

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News Update

29

Jan 2024

Jan 29, 2024 • 5 min read

SBP Slaps Fine of Rs. 465 Million on 10 Major Banks

The State Bank of Pakistan (SBP) slapped penalties of over Rs. 465 million on ten banks over deficiencies in the complia...

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News Update

29

Jan 2024

Jan 29, 2024 • 5 min read

Gold Price in Pakistan Soars as International Prices Rise

The price of gold in Pakistan posted a major increase on the opening day of the week to settle at Rs. 215,400 per tola....

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News Update

29

Jan 2024

Jan 29, 2024 • 5 min read

PM Approves Revised Incentive Package for PAS/PSP Officers Posted in Balochistan

Prime Minister Anwaar-ul-Haq Kakar has approved the revised Incentive Package for PAS/ PSP officers posted under the Gov...

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News Update

29

Jan 2024

Jan 29, 2024 • 5 min read

Profit Repatriation Jumps By Massive 245% in First Half of FY24

Foreign companies’ repatriation of profits and dividends rose to $750 million in the first half of financial year 2023-2...

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News Update

29

Jan 2024

Jan 29, 2024 • 5 min read

EU Announces Additional €100 Million Grant For Flood Relief Efforts in Pakistan

The European Union fulfilled the pledge of an additional Euro 100 million grant to enhance post-flood resilience in Paki...

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News Update

29

Jan 2024

Jan 29, 2024 • 5 min read

Prominent Religious Scholars Join Raqami Islamic’s Shariah Board

Raqami Islamic Digital Bank (RIDB) obtained a no objection certificate (“NOC”) and in-Principal Approval (IPA) from the...

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News Update

29

Jan 2024

Jan 29, 2024 • 5 min read

CDA to Collect Toll Tax Again in Islamabad After 10 Years

In a setback for the citizens of Islamabad, the Capital Development Authority (CDA) has announced the resumption of toll...

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News Update

29

Jan 2024

Jan 29, 2024 • 5 min read

Mari Petroleum Posts 57% Profit Growth During First Half of FY24

Mari Petroleum Company Limited (MARI) announced its financial result today, posting a net profit of Rs. 37.5 billion dur...

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News Update

29

Jan 2024

Jan 29, 2024 • 5 min read

LHC Orders FBR to Amend Sales Tax Act to Safeguard Rights of Taxpayers

Lahore High Court (LHC) has directed the federal government to introduce legislation in the Sales Tax Act, 1990 to safeg...

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News Update

29

Jan 2024

Jan 29, 2024 • 5 min read

CDA Revokes Allotment of 49 Plots in Prime Locations Across Islamabad

In a move towards adherence to regulations, the Capital Development Authority (CDA) has taken a decisive step by revokin...

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News Update

29

Jan 2024

Jan 29, 2024 • 5 min read

Alternative Lifestyle Festival Highlights Alternate Choices for a Sustainable Future

SEED Ventures, through its What’s The Alternative (WTA) initiative, orchestrated the Alternative Lifestyle Festival in K...

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News Update

29

Jan 2024

Jan 29, 2024 • 5 min read

SBP Keeps Interest Rate Unchanged at 22%

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at...

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News Update

29

Jan 2024

Jan 29, 2024 • 5 min read

State Bank Decides to Introduce New Designs for All Currency Notes

State Bank of Pakistan (SBP) Jameel Ahmed Governor Monday announced that the central bank has taken a principled decisio...

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News Update

29

Jan 2024

Jan 29, 2024 • 5 min read

SECP Issues Islamic Finance Bulletin for FY23

The Securities and Exchange Commission of Pakistan (SECP) has published its first ‘Islamic Finance Bulletin’ for the fin...

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News Update

27

Jan 2024

Jan 27, 2024 • 5 min read

Ministry of Energy (Petroleum Division) Announces Oil, Gas and Minerals Career Expo

The Ministry of Energy (Petroleum Division), in collaboration with Pakistan Petroleum Limited, one of the leading nation...

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