News & Updates

News Update

30

Nov 2023

Nov 30, 2023 • 5 min read

Pakistan and Kuwait Ink 7 Multi-Billion Dollar Investment Deals

Pakistan and Kuwait have signed seven agreements to attract multi-billion-dollar investments from the State of Kuwait ac...

Read Full Article

News Update

30

Nov 2023

Nov 30, 2023 • 5 min read

Govt Keeps Petrol Price Unchanged, Diesel Sees Slight Cut

The caretaker federal government has announced the revised petroleum prices for the next fortnight. There has been no ch...

Read Full Article

News Update

30

Nov 2023

Nov 30, 2023 • 5 min read

Senate Panel Orders Action Against Urea Shortage and Hoarding

The Senate Committee on National Food Security and Research has directed relevant ministries to take immediate measures...

Read Full Article

News Update

30

Nov 2023

Nov 30, 2023 • 5 min read

FBR Unfreezes Bank Accounts of PIA A Day After De-Attachment Order

The Federal Board of Revenue (FBR) has de-attached the bank accounts of Pakistan International Airlines (PIA), a day aft...

Read Full Article

News Update

30

Nov 2023

Nov 30, 2023 • 5 min read

Fauji Cement Becomes 3rd Largest Cement Producer in Pakistan

Fauji Cement Company Limited (PSX: FCCL) has become Pakistan’s 3rd largest cement manufacturer after commissioning a new...

Read Full Article

News Update

30

Nov 2023

Nov 30, 2023 • 5 min read

Daraz’s 11.11 Sale Draws Unprecedented 34 Million Customers in Pakistan

Daraz, the leading e-commerce platform in South Asia, has concluded its highly anticipated 11.11 Biggest Sale of the Yea...

Read Full Article

News Update

30

Nov 2023

Nov 30, 2023 • 5 min read

PPIB Seeks MoCC’s Approval for Carbon Credit Sharing Mechanism

The Private Power & Infrastructure Board (PPIB) has formally approached the Ministry of Climate Change (MoCC) to secure...

Read Full Article

News Update

30

Nov 2023

Nov 30, 2023 • 5 min read

President Promulgates Ordinances for Improving Performance of 4 Key Loss Making Entities

President Dr Arif Alvi has approved promulgation of ordinances related to Radio Pakistan, National Highway Authority (NH...

Read Full Article

News Update

30

Nov 2023

Nov 30, 2023 • 5 min read

Pakistan Bans Wheat Import from India and Israel

Pakistan has officially prohibited the import of wheat from India and Israel, as well as from countries facing internati...

Read Full Article

News Update

30

Nov 2023

Nov 30, 2023 • 5 min read

FBR Resolves Misreporting Of Pak-China Trade Gap

The Federal Board of Revenue (FBR) has analyzed that the actual trade gap between Pakistan and China stood at between US...

Read Full Article

News Update

30

Nov 2023

Nov 30, 2023 • 5 min read

Govt to Handover Loss-Making DISCOs to Pakistan Army to Curb Electricity Theft

The government has decided to give up control of Distribution Companies (DISCOs) to the Pakistan Army and agencies to in...

Read Full Article

News Update

30

Nov 2023

Nov 30, 2023 • 5 min read

South Asia’s First-Ever AAA Rated Gender Bond Successfully Launched 

InfraZamin Pakistan, a licensed NBFI and credit guarantee provider, in partnership with Kashf Foundation, a not for prof...

Read Full Article

News Update

30

Nov 2023

Nov 30, 2023 • 5 min read

Govt Unlikely to Share Any Good News on Petrol Price Today

The price of petrol in Pakistan is likely to remain unchanged for the next fortnight while a slight cut is expected in t...

Read Full Article

News Update

30

Nov 2023

Nov 30, 2023 • 5 min read

FBR’s Customs Duty Collection Declined by 7.8% in FY23 Due to Import Restrictions

The customs duty collection has shown a decline of 7.8 percent during 2022-23 as compared to the same period of 2021-22...

Read Full Article

News Update

30

Nov 2023

Nov 30, 2023 • 5 min read

FTO Directs FBR to Investigate Illegal Collection of Electricity Duty from Consumers

The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to investigate illegal collection of Ele...

Read Full Article

News Update

30

Nov 2023

Nov 30, 2023 • 5 min read

Gold Price in Pakistan Remains Stable After Three Straight Increases

The price of gold in Pakistan remained unchanged on Thursday to stay at Rs. 221,000 per tola. According to the data rele...

Read Full Article

News Update

30

Nov 2023

Nov 30, 2023 • 5 min read

Capital Value Tax Collection Skyrockets by Nearly 100x in FY23

The Federal Board of Revenue (FBR) has collected Capital Value Tax (CVT) of Rs. 10 billion under different heads during...

Read Full Article

News Update

30

Nov 2023

Nov 30, 2023 • 5 min read

SBP Reserves Increase by $77 Million to Cross $7.2 Billion

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $77 million on a weekly basis accord...

Read Full Article

News Update

30

Nov 2023

Nov 30, 2023 • 5 min read

Rupee Appreciates 3rd Day in a Row Against US Dollar

The Pakistani rupee rose third day in a row against the US Dollar today after opening trade at 285 in the interbank mark...

Read Full Article

News Update

30

Nov 2023

Nov 30, 2023 • 5 min read

Pakistan’s Cotton Exports to Cross 6 Figures After 5 Years

Pakistan has successfully exported at least 125,000 cotton bales during the current season, primarily destined for China...

Read Full Article

News Update

29

Nov 2023

Nov 29, 2023 • 5 min read

Rupee Rises 2nd Day in a Row Against US Dollar

The Pakistani rupee rose second day in a row against the US Dollar today after opening trade at 283 in the interbank mar...

Read Full Article