News & Updates

News Update

22

Sep 2025

Sep 22, 2025 • 5 min read

High-Level Saudi Delegation to Visit Pakistan Next Month

A high-level Saudi delegation is expected to visit Pakistan in October, sources from the Ministry of Commerce told ProPa...

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News Update

22

Sep 2025

Sep 22, 2025 • 5 min read

SECP Proposes Dedicated Legal Framework for Waqf Management Companies

The Securities and Exchange Commission of Pakistan (SECP) has announced its decision to propose a key amendment to the C...

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News Update

22

Sep 2025

Sep 22, 2025 • 5 min read

Pakistan Microfinance Sector Moves to Convert Its Operations into Islamic

The microfinance sector, including microfinance banks and institutions, is gradually converting its operations from conv...

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News Update

22

Sep 2025

Sep 22, 2025 • 5 min read

Major Progress Made in Sale of Utility Stores Corporation Assets

Significant progress has been reported in the sale of Utility Stores Corporation’s assets following the completion of pr...

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News Update

22

Sep 2025

Sep 22, 2025 • 5 min read

Rupee Gains for 32nd Straight Session Against US Dollar

The Pakistani rupee maintained its upward momentum against the US dollar on Monday, closing slightly stronger in the int...

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News Update

22

Sep 2025

Sep 22, 2025 • 5 min read

Committee Formed to Review Controversial Bidding of Islamabad’s Sector

The Federal Government Employees Housing Authority (FGEHA) has constituted a four-member committee to investigate irregu...

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News Update

22

Sep 2025

Sep 22, 2025 • 5 min read

SECP Issues Details For Mergers and Winding Up of Companies

The Securities and Exchange Commission of Pakistan (SECP) has published a set of Frequently Asked Questions (FAQs) to pr...

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News Update

22

Sep 2025

Sep 22, 2025 • 5 min read

KP Imposes 60-Day Ban on Illegal Mining

The Khyber Pakhtunkhwa government has imposed a 60-day ban on mining activities in Karak district to curb rising inciden...

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News Update

22

Sep 2025

Sep 22, 2025 • 5 min read

Lucky Investments Crosses Rs. 100 Billion in Assets Under Management

Lucky Investments Limited (“Lucky Investments”) has crossed Rs. 100 billion in Assets Under Management (AUMs) in under s...

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News Update

22

Sep 2025

Sep 22, 2025 • 5 min read

JW Group Partners with Robo.ai to Launch Commercial Vehicle Venture

Pakistan’s JW Group will form a joint venture with Robo.ai Inc. (NASDAQ: AIIO) to develop commercial vehicles, the compa...

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News Update

22

Sep 2025

Sep 22, 2025 • 5 min read

Gold Prices in Pakistan Break Records, Racing Toward Rs. 400,000 Mark

Gold prices in Pakistan surged to a new all-time high on Monday, following gains in the international market. According...

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News Update

22

Sep 2025

Sep 22, 2025 • 5 min read

SECP Proposes Major Changes to Company Share Regulations

The Securities and Exchange Commission of Pakistan (SECP) has issued a notification to seek comments on proposed amendme...

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News Update

22

Sep 2025

Sep 22, 2025 • 5 min read

PM Shehbaz Orders Roadmap to Boost Investment and Trade

Prime Minister Muhammad Shehbaz Sharif on Monday directed the relevant authorities to prepare a comprehensive roadmap an...

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News Update

22

Sep 2025

Sep 22, 2025 • 5 min read

95% of Builders, Developers Failed to Comply With Tax Amnesty Conditions

Over 95% of builders and developers who availed Pakistan’s 2020 tax amnesty for the construction sector failed to comply...

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News Update

22

Sep 2025

Sep 22, 2025 • 5 min read

Pakistan’s Power Sector Circular Debt Drops 29%

Pakistan’s circular debt in the power sector stood at Rs. 1.66 trillion in July 2025, showing a sharp decline of 29.3% f...

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News Update

22

Sep 2025

Sep 22, 2025 • 5 min read

FBR to Launch Action Against Tax Evading Jewelers Across Pakistan

The Federal Board of Revenue (FBR) has compiled data on more than 60,000 jewelers nationwide as part of a crackdown on t...

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News Update

22

Sep 2025

Sep 22, 2025 • 5 min read

Salaried Class Tax Hike Fuels Withholding Tax Growth In FY2023-24: AGP

The Auditor General of Pakistan (AGP) has attributed a significant rise in withholding tax receipts during FY2023-24 pri...

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News Update

22

Sep 2025

Sep 22, 2025 • 5 min read

Hackers are Exploiting Major Flaw in Business Software Used Worldwide: NCERT

The National Computer Emergency Response Team (NCERT) has issued a critical security advisory regarding a newly disclose...

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News Update

22

Sep 2025

Sep 22, 2025 • 5 min read

Pakistan’s Debt Did Not Double: Adviser

Pakistan’s central government debt stood at Rs. 80 trillion as of June 2025, but claims that the debt “doubled in three...

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News Update

22

Sep 2025

Sep 22, 2025 • 5 min read

Over 80 Organizations’ Data Used to Compile Tax Expenditure Report 2025

The taxpayers’ data from the Boards of Revenue of all four provinces and the provincial Accountant Generals was extensiv...

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News Update

22

Sep 2025

Sep 22, 2025 • 5 min read

Bestway Cement To Enter Auto Sector with New Subsidiary

Bestway Cement Limited (PSX: BWCL) will incorporate a wholly owned private limited subsidiary to undertake business and...

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