News & Updates

2024-07-31 00:00:00
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FBR Surpasses Tax Collection Target for July

The Federal Board of Revenue (FBR) has provisionally collected over Rs. 659 billion in July 2024 aga...
2024-07-31 00:00:00
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SEARL to Sell its Entire Shareholding in Searle Pakistan Limited

The Board of Directors of The Searle Company Limited (PSX: SEARL) has approved the sale of its entir...
2024-07-31 00:00:00
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Czech-Based Group to Acquire German Conglomerate in Pakistan

Czech-based EP Corporate Group (EPCG) will acquire over 20 percent shares from the German industrial...
2024-07-31 00:00:00
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Pak Suzuki Has Started Exporting Vehicles to Bangladesh and Afghanistan: CEO

Pak Suzuki Motor Company Limited has started exporting vehicles to Bangladesh and Afghanistan. This...
2024-07-31 00:00:00
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Govt Creates 27-Member Committee for Parliamentarian Schemes With Ishaq Dar As Chairman

The federal cabinet has created a whopping 27-member steering committee for overseeing parliamentari...
2024-07-31 00:00:00
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PSX Loses Over 700 Points to Close Below 78,000 After Nationwide Internet Outage

Bears wrecked the Pakistan Stock Exchange (PSX) on Wednesday with the benchmark KSE-100 index losing...
2024-07-31 00:00:00
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All Electricity Companies Overbilled Consumers: NEPRA

The National Electric Power Regulatory Authority (NEPRA) has identified over-billing by all power di...
2024-07-31 00:00:00
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PHDL Transfers Title of Regent Plaza to SIUT Trust

Pakistan Hotels Developers Limited (PSX: PHDL) Wednesday announced that it has transferred the title...
2024-07-31 00:00:00
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Rupee Falls 3rd Day in a Row Against US Dollar As Uncertainty Worsens

The Pakistani rupee (PKR) lost further ground against the US Dollar today after opening trade at 278...
2024-07-31 00:00:00
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Pakistan Likely to Get $12 Billion Loan Rollover From China, KSA, UAE Soon

Pakistan is likely to get $12 billion in debt rolled over from China, Saudi Arabia and UAE soon, Fin...
2024-07-31 00:00:00
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UBL Posts Half-Year Profit of Rs. 30.8 Billion

United Bank Limited (UBL) Wednesday announced a consolidated profit after (PAT) tax of Rs. 30.8 bill...
2024-07-31 00:00:00
Admin

LESCO Audit Reveals Overbilling and More Irregularities Worth Billions

The Lahore Electric Supply Company (LESCO) audit for fiscal year 2023-2024 revealed significant fina...
2024-07-31 00:00:00
Admin

Gold Rate in Pakistan Climbs to Near All-Time High

The price of gold in Pakistan rose on Wednesday as it neared the record-high mark once again. Accord...
2024-07-31 00:00:00
Admin

Engro Fertilizers’ Profit Up 73% in First Half of 2024

Engro Fertilizers Limited (PSX: EFERT) announced its financial results for 1HCY24 posting a consolid...
2024-07-31 00:00:00
Admin

Excise Department Ends 5% Discount on Online Property Tax Payment in Punjab

Punjab’s Department of Excise, Taxation, and Narcotics Control has removed the 5% discount previousl...
2024-07-31 00:00:00
Admin

Toyota Indus Motors Starts Export of Certain Vehicles to Affiliated Companies

Indus Motor Company Limited (PSX: INDU) has commenced an export activity of certain vehicles to othe...
2024-07-31 00:00:00
Admin

CDA Announces Steps to Enhance Capital and Revenue

A meeting of the Capital Development Authority (CDA) Board was held at the CDA Headquarters, chaired...
2024-07-31 00:00:00
Admin

Chairman FBR Requests for Early Retirement Amid Tensions With PM Office

Chairman Federal Board of Revenue (FBR) Malik Amjad Zubair Tiwana has requested early retirement aft...
2024-07-31 00:00:00
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S&P Global Maintains CCC+ Rating for Pakistan Amid Political Risks

The Standard and Poor (S&P Global Ratings) affirmed its ‘CCC+’ long-term sovereign credit rating and...
2024-07-30 00:00:00
Admin

FBR Directs Sales Tax Registered Persons to Get Biometric Re-Verification

The Federal Board of Revenue (FBR) has directed certain categories of sales tax registered persons t...

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