News & Updates

News Update

24

Jan 2024

Jan 24, 2024 • 5 min read

FTO Directs FBR to Give KP School Principals Maximum Income Tax Rebate

The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to give maximum income tax rebate to Pri...

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News Update

24

Jan 2024

Jan 24, 2024 • 5 min read

Honda Pakistan’s Profits Plunge By Over 82% Amid Car Sales Slump

Honda Atlas Cars Limited (HCAR) posted a profit after tax of Rs. 143.2 million in the third quarter ended December 31, 2...

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News Update

24

Jan 2024

Jan 24, 2024 • 5 min read

ABHI to Establish Global Headquarters in Abu Dhabi

Pakistani fintech ABHI is advancing to its next growth stage by establishing its global HQ in Abu Dhabi with support fro...

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News Update

23

Jan 2024

Jan 23, 2024 • 5 min read

Pak Rupee Appreciates 5th Day in a Row Against US Dollar

The Pakistani rupee posted gains 5th day in a row against the US Dollar today after opening trade at 279 in the interban...

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News Update

23

Jan 2024

Jan 23, 2024 • 5 min read

SBP Updates Monetary Policy Committee Meetings Schedule For January-June FY24

The State Bank of Pakistan (SBP) has issued the schedule of the Monetary Policy Committee (MPC) for the first half of th...

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News Update

23

Jan 2024

Jan 23, 2024 • 5 min read

Transworld Continues to Dominate as Pakistan’s Fastest Internet Provider, Secures Top Position in Speed Test Global Index

Ookla, the data-driven insider has released its Q4, 2023 internet performance report for Pakistan. Transworld has once a...

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News Update

23

Jan 2024

Jan 23, 2024 • 5 min read

Cabinet Defers FBR’s Restructuring, Sets up Committee to Devise Proposals

The federal cabinet has decided to constitute a committee to prepare proposals regarding the restructuring and digitizat...

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News Update

23

Jan 2024

Jan 23, 2024 • 5 min read

The Unbeaten Dominance of realme C67 in the Smartphone Market

In the ever-evolving landscape of smartphones, one brand has managed to stand out prominently — realme C67. With its gro...

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News Update

23

Jan 2024

Jan 23, 2024 • 5 min read

Can Tech Bridge the Social Divide in Pakistan?

The Pakistani government is strategically leveraging a digital stack to enhance the delivery of government services, pro...

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News Update

23

Jan 2024

Jan 23, 2024 • 5 min read

Finance Ministry Identifies Problems in Power Minister’s Rs. 1.25 Trillion Circular Debt Settlement Plan

The Ministry of Finance has identified problems in caretaker Power Minister Muhammad Ali’s circular debt reduction plan...

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News Update

23

Jan 2024

Jan 23, 2024 • 5 min read

Govt is Introducing National Digital Wallet With Cashback Rewards

In a move towards a cashless economy, the Federal Government of Pakistan is gearing up to introduce the National Digital...

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News Update

23

Jan 2024

Jan 23, 2024 • 5 min read

SBP Asks Banks To Adopt Shariah Standards and Practices of AAOIFI

State Bank of Pakistan (SBP) directed Islamic banks and financial institutions to adopt the Shariah standards and practi...

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News Update

23

Jan 2024

Jan 23, 2024 • 5 min read

PIA’s Privatization Delayed as Banks Demand 16.6% Interest on Loan

Banks are seeking a fixed 16.6 percent yearly interest rate for postponing payments on their Rs. 281 billion loans to Pa...

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News Update

23

Jan 2024

Jan 23, 2024 • 5 min read

Bank Loans to Private Sector Plummet By Over 86%

Total bank loans to the private sector clocked in at Rs. 9.22 trillion in the current financial year 2023-24 from Rs. 9....

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News Update

23

Jan 2024

Jan 23, 2024 • 5 min read

Gold Price in Pakistan Rises After Falling a Day Earlier

The price of gold in Pakistan recovered most of its losses posted a day earlier after gaining Rs. 500 per tola on Tuesda...

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News Update

23

Jan 2024

Jan 23, 2024 • 5 min read

SECP Directs Modaraba Companies to Follow New Rule for Audit Reports

The Securities and Exchange Commission of Pakistan (SECP) has made it compulsory for the auditors of all Modaraba compan...

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News Update

23

Jan 2024

Jan 23, 2024 • 5 min read

Pakistan Turns to Cheaper Coal Markets as Afghan Coal Becomes Too Expensive

Pakistan has turned to imported coal from other sources as coal from Afghanistan has become costlier in recent months, d...

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News Update

23

Jan 2024

Jan 23, 2024 • 5 min read

Govt Assures IMF It Will Stay Away From Interfering in Anti-Corruption Agencies Like NAB

Pakistan has assured the International Monetary Fund (IMF) that it will end political interference in anti-corruption en...

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News Update

23

Jan 2024

Jan 23, 2024 • 5 min read

Govt Bears Loss of Rs. 5.7 Billion Due to Fake Tax Stamps on Cigarette Packs

The federal government is reportedly bearing a loss of Rs. 5.7 billion every year due to fake tax stamps on cigarette pa...

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News Update

23

Jan 2024

Jan 23, 2024 • 5 min read

CCP Supports Code for Advertisers to Curb Deceptive Marketing

The Competition Commission of Pakistan (CCP) has extended its support to the Pakistan Advertisers Society (PAS), encoura...

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News Update

23

Jan 2024

Jan 23, 2024 • 5 min read

US Pledges $320,000 to Balochistan’s Mehrgarh Museum

US Ambassador to Pakistan Donald Blome and Chief Minister of Balochistan Ali Mardan Khan Domki launched the Ambassadors...

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