News & Updates

CDA Orders Bahria Town to Transfer 488 Kanals of Public Land

The Capital Development Authority has issued a strict show cause notice to Bahria Town (Pvt) Ltd, directing the develope...

Telcos Owe Rs. 16.33 Billion in Dues to PTA

The federal government has informed the National Assembly that telecom companies owe Rs. 16.33 billion in outstanding du...

Customs Revises Import Values for Aroma Chemicals Used in Perfumes

The Directorate General of Customs Valuation Karachi has issued new customs values for the import of 11 types of aroma a...

Facial Scans Made Compulsory for Purchase & Sale of Foreign Currency

The State Bank of Pakistan has directed exchange companies to begin using facial recognition for customer verification i...

ADB Upgrades Pakistan’s Growth Outlook

The Asian Development Bank has upgraded Pakistan’s economic growth outlook for both 2025 and 2026, noting that prices of...

Book Building for Pak Qatar Family Takaful IPO Kicks Off

The book building process for the Initial Public Offering of Pak Qatar Family Takaful Limited (PQFTL) begins today, Dece...

Pakistan Receives Loan Tranche of $1.2 Billion From IMF

The State Bank of Pakistan (SBP) has received approximately US$1.2 billion from the International Monetary Fund (IMF) fo...

PM Shehbaz to Visit Turkmenistan for Peace Forum

Prime Minister Shehbaz Sharif will leave for Turkmenistan today on a two day official visit, according to sources. The P...

US Approves $686 Million F-16 Upgrade Package for Pakistan

The United States has approved a $686 million sale of advanced technology and support for Pakistan’s F-16 fighter jet fl...

OGDCL Receives Rs. 41.8 Billion from Uch Power as Part of Circular Debt Settlement

Oil & Gas Development Company Limited (OGDCL) has announced the receipt of Rs. 41.8 billion from Uch Power (Private) Lim...

Systems Limited to Acquire Confiz Pakistan in Major Amalgamation Deal

Systems Limited has announced that its Board of Directors has approved the acquisition of Confiz Pakistan (Private) Limi...

Pakistan Completes Record Rs. 659.6 Billion Settlement of Power Sector Debts

Pakistan has completed a historic Rs. 659.6 billion settlement of Power Holding Limited (PHL) debts, marking the largest...

Are Banks Secretly Enforcing Abaya Rules on Female Staff?

The Senate Standing Committee on Finance and Revenue reviewed dress code complaints in commercial banks after Senator Za...

SECP Financial Settlements for Outgoing Commissioners Put on Hold

The Senate Standing Committee on Finance and Revenue on Wednesday called for a halt to all financial settlements for out...

FBR Defends Rs. 150,000 Tax on iPhones

The National Assembly’s Standing Committee on Finance reviewed the tax structure on imported mobile phones after a petit...

Rupee Rises 56th Day in a Row Against US Dollar

The Pakistani rupee (PKR) closed in green against the US Dollar (USD) 56th day in a row on Wednesday. Meanwhile, it post...

Pakistan’s Major Mobile Phone Tax Problem and How to Fix It

Pakistan’s mobile tax situation has a major problem, but it can easily be fixed. The recent exchange inside the Finance...

Pakistan Needs 5% Annual Growth to Recover 50 Years’ Worth of its Economy: Atif Mian

Pakistan can still unlock major potential if it commits to sustained, disciplined reform, Economist Atif Mian has explai...

Bankers Predict 2026 to Be a Record IPO Year at PSX With Up to 16 Listings

Pakistan’s strong stock rally and rising retail activity are driving companies back to the equity market, reported Bloom...

OGDCL Announces Major Oil and Gas Discovery in KP

Oil and Gas Development Company Limited (OGDCL) has reported a significant oil and gas discovery at its Baragzai X-01 (S...

Pakistan, Indonesia Seal Major Deals Across Trade, Health, IT, and Education