News & Updates

News Update

29

Nov 2023

Nov 29, 2023 • 5 min read

Govt Likely to Issue Ordinance to Manage Operations of Loss-Making Institutions

The caretaker federal government, under the direction of the International Monetary Fund (IMF), is planning on issuing a...

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News Update

29

Nov 2023

Nov 29, 2023 • 5 min read

Govt Inks Deal With Ernst & Young For Privatization of PIA

A Financial Services Agreement (FASA) was signed between the Privatization Commission and the Financial Advisor for dive...

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News Update

29

Nov 2023

Nov 29, 2023 • 5 min read

IMF Starts Work On Potential New Bailout Program For Pakistan

The International Monetary Fund (IMF) is in the early stages of formulating a policy document for a potential new bailou...

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News Update

29

Nov 2023

Nov 29, 2023 • 5 min read

Celebrating Childhood at Wateen: A Week Full of Smiles and Surprises

Childhood – a magical time filled with wonder, imagination, and the joy of simple pleasures! Remember being a kid? That...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

ADB Approves $180 Million Loan For Improving Water, Waste Management in Two Punjab Cities

The Asian Development Bank (ADB) has approved a $180 million loan to improve water supply and solid waste management ser...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

WAPDA Set to Double Hydropower Capacity by 2029

Water & Power Development Authority (WAPDA) is working on a significant boost in water capacity and hydropower generatio...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

Techforming Pakistan’s Business Landscape with Salesforce

In today’s rapidly evolving global landscape, Pakistani businesses are striving to embrace digital transformation and pr...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

FBR’s Sales Tax Refunds, Customs Rebates Fall 11% in FY23

The Federal Board of Revenue (FBR) has paid sales tax refunds/customs rebates of Rs. 335.6 billion during 2022-23 as com...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

PSX Makes History As KSE-100 Rallies Above 60,000 During Live Trade [Updated]

The Pakistan Stock Exchange (PSX) rallied to a new all-time high on Tuesday, surging past the previous record of 59,811...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

Business Confidence Improves Slightly But Still Remains Weak: Survey

In its latest Business Confidence Index Survey (BCI) – Wave 24, the Overseas Investors Chamber of Commerce and Industry...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

Trading Corporation of Pakistan Issues Tender to Buy 110,000 Tons Wheat

The Trading Corporation of Pakistan (TCP) has issued an international tender for the purchase and import of 110,000 metr...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

Pakistan’s Economy Stuck in Low-Growth Trap With Increasing Poverty: World Bank VP

Pakistan’s economy is stuck in a low-growth trap with poor human development outcomes and increasing poverty as economic...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

Profit Repatriation Hits Highest Level Since July 2020

Foreign companies’ repatriation of profits and dividends rose to $273 million in October 2023, up by 1,970 percent year-...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

Elevate Your Portraits: vivo V29 5G Introduces Smart Aura Light for Studio-Quality Shots

In the ever-evolving realm of smartphone photography, vivo has once again pushed the boundaries with its latest offering...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

Steel Prices Go Up 3rd Time in a Month Amid Spike in Raw Material Costs

The domestic prices of steel products have been increased by Rs. 3,000 per ton as the market reacts to the overall rise...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

Pakistan to Get Around $2 Billion from World Bank in FY24

Pakistan is set to get an estimated $2 billion from the World Bank during the current fiscal year, Najy Benhassine, Coun...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

Asia’s Worst Performing Currency: Bloomberg Shares Horrific Prediction for Rupee

The Pakistani Rupee (PKR), poised to end the calendar year as Asia’s worst-performing currency, is likely to extend loss...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

FBR Shares Plan With IMF to Register 1 Million Non-Filers

The Federal Board of Revenue (FBR) and a technical team of the International Monetary Fund (IMF) on Monday started meeti...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

NayaPay Wins ‘Best Fintech’ Award at the Prestigious Pakistan Banking Awards 2023

NayaPay, Pakistan’s first Electronic Money Institution (EMI), has been honored with the ‘Best Fintech’ award at the pres...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

FBR Obtains Data on Unregistered Sugar Buyers to Enhance Tax Collection

The Federal Board of Revenue (FBR) has obtained data on unregistered buyers of sugar from Sales Tax Returns filed by the...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

FBR Recovered Rs. 144 Billion Outstanding Arrears From Taxpayers in FY23

The Inland Revenue officers of the Federal Board of Revenue (FBR) recovered an amount of Rs. 144.3 billion from taxpayer...

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