News & Updates

News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

IT Industry Wants Banks to Simplify Sending Money Abroad for Exporters and Freelancers

IT industry urged the central bank to introduce a faceless banking system for outward remittances to export-based compan...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

NEPRA Hears K-Electric Petition for Distribution, Supplier License

National Electric Power Regulatory Authority (NEPRA) today heard K-Electric’s petition for the grant of a non-exclusive...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

Butt Karahi Owner Arrested in Lahore During Ongoing Crackdown

The owner of Lahore’s famous Butt Karahi Tikka has reportedly been taken into police custody after he was caught stealin...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

Rupee Halts Losing Streak Against US Dollar After UAE Investment News

The Pakistani rupee ended its 3-day losing streak against the US Dollar today after opening trade at 284 in the interban...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

Govt to Drop 137 Non-Starter Projects With Zero Financial Progress from PSDP

The interim federal government has decided to drop 137 non-starter projects with zero financial progress from the Public...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

Pakistan’s GDP Contracted by 0.17% in FY23 Under PDM Govt’s Watch

The National Accounts Committee (NAC) has revised GDP growth for the year 2022-23 (FY23) to -0.17 percent, which was pro...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

Tax Collection From Sale of Immovable Property Records 340.5% Growth in FY23

The Federal Board of Revenue (FBR) has collected Rs. 1.87 trillion in withholding tax (WHT) during 2022-23. According to...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

FBR Abolishes 10% Processing Fee On Afghan Transit Trade Cargo

The 10 percent processing fee on five major categories of Afghan transit commercial goods covering confectionaries/choco...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

Senator Azam Nazeer Tarar Replaces Senator Saifullah Abro as Chairman of Senate Standing Committee on Power

In a significant turn of events, Senator Saifullah Abro has been removed from his position as the Chairman of the Senate...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

PTA to Change the LDI License Tariff Due to Rupee’s Devaluation and High Interest Rate

Pakistan Telecommunication Authority (PTA) is planning to revise the Long Distance & International (LDI) license templat...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

KE – VISA Dynamic Payment QR Codes Take Center Stage in Pakistan’s Energy Revolution

Meet Natasha, a busy professional who always found bill payments to be a chore. Juggling her work, home, and personal li...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

Price of Gold in Pakistan Has Increased by Over Rs. 21,000 Since Oct 13

The price of gold in Pakistan posted another increase on Tuesday, rising by Rs. 800 per tola to settle at Rs. 218,400. T...

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News Update

28

Nov 2023

Nov 28, 2023 • 5 min read

Cigarettes Accounted for 40% of Total Excise Duty Collection in FY23: FBR

The share of cigarettes in overall federal excise duty (FED) collection has increased to nearly 40 percent in 2022-23 as...

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News Update

27

Nov 2023

Nov 27, 2023 • 5 min read

Abu Dhabi-Based Group to Invest AED 30 Million in Kohinoor Spinning Mills Project

Abu Dhabi-Based The Nation Trust Holdings plans to invest approximately AED 30 million in Pakistan in collaboration with...

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News Update

27

Nov 2023

Nov 27, 2023 • 5 min read

Canadian Immigration Explained: Barrister Shahrukh Abbas, Founder Ace Luxury Immigrations Solutions, Shares Expertise in Daniyal Sheikh Podcast

Famous podcaster and YouTuber Daniyal Sheikh welcomed Canadian Barrister and solicitor and Founder of Ace Luxury Immigra...

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News Update

27

Nov 2023

Nov 27, 2023 • 5 min read

Pakistan Buys LNG Cargo at Premium Price to Reduce Gas Shortage

Pakistan has purchased a liquefied natural gas (LNG) gas shipment for January delivery in an effort to bridge the demand...

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News Update

27

Nov 2023

Nov 27, 2023 • 5 min read

NHA Board Okays Out of Court Settlement in Faisalabad-Gojra Motorway Dispute

The National Highway Authority (NHA) Executive Board agreed with the recommendations of the Stage-II committee for payme...

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News Update

27

Nov 2023

Nov 27, 2023 • 5 min read

Arrested FBR Employee Reveals Tax Evasion Worth Millions by Famous Ladies Shoe Brand

The owners of a leading brand of the shoe industry in Pakistan are allegedly involved in massive sales tax evasion. Dire...

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News Update

27

Nov 2023

Nov 27, 2023 • 5 min read

Govt Entities Chewing Up Rs. 800 Billion Annually: Privatization Minister

Caretaker Privatization Minister Fawad Hasan Fawad on Monday said that state-owned enterprises (SOEs) are devouring a st...

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News Update

27

Nov 2023

Nov 27, 2023 • 5 min read

Petrol Companies Urge Govt to Avoid Shifting to Weekly Oil Price Revision

Oil marketing companies have appealed to the caretaker federal government to avoid shifting to a 7-day cycle for announc...

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News Update

27

Nov 2023

Nov 27, 2023 • 5 min read

Jubilee Life Insurance Marks 5-Year Milestone in Empowering Youth through Enterprise Challenge Pakistan (ECP)

Jubilee Life Insurance, Pakistan’s largest private sector insurance company, proudly celebrated its 5th consecutive year...

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