News & Updates

News Update

05

Aug 2025

Aug 05, 2025 • 5 min read

Pakistan, China to Deepen Cooperation in Electric Vehicle Sector

Federal Minister for Planning Ahsan Iqbal has highlighted electric vehicles (EVs) as a key area of future cooperation be...

Read Full Article

News Update

05

Aug 2025

Aug 05, 2025 • 5 min read

Senate Body Urges Measures to Initiate Karachi Circular Railway Project

The Senate Standing Committee on Railways, reaffirming its full commitment to completion of Karachi Circular Railway (KC...

Read Full Article

News Update

05

Aug 2025

Aug 05, 2025 • 5 min read

Gold Price in Pakistan Decrease by Rs. 1,500 Per Tola

The price of 24 karat gold witnessed a decrease of Rs. 1,500 per tola on Tuesday and was sold at Rs. 358,000 against its...

Read Full Article

News Update

05

Aug 2025

Aug 05, 2025 • 5 min read

Malik Riaz Says Bahria Town Could be Shut Down Soon

Controversial property tycoon Malik Riaz Tuesday said that the situation has reached a point where we are being forced t...

Read Full Article

News Update

05

Aug 2025

Aug 05, 2025 • 5 min read

Govt Ready to Launch Subsidized Electric Bikes Scheme

The Economic Coordination Committee (ECC) of the Cabinet Tuesday approved a summary submitted by the Ministry of Industr...

Read Full Article

News Update

05

Aug 2025

Aug 05, 2025 • 5 min read

Rupee Climbs 10th Day in a Row Against Mighty US Dollar, Also Beats Pound, Euro

The Pakistani rupee (PKR) closed in green 10th day in a row against the US Dollar (USD) and also against the British Pou...

Read Full Article

News Update

05

Aug 2025

Aug 05, 2025 • 5 min read

IMF Exposes Corruption in FBR

The International Monetary Fund (IMF) has submitted its Governance and Corruption Diagnostic Assessment report to the Fi...

Read Full Article

News Update

05

Aug 2025

Aug 05, 2025 • 5 min read

Immediate Tax Recovery After Notice Without Payment Deadline Unlawful: Experts

Tax practitioners have declared the same-day tax recovery from bank accounts immediately after issuing notices under Sec...

Read Full Article

News Update

05

Aug 2025

Aug 05, 2025 • 5 min read

Toyota Land Cruiser Imported for Just Rs. 17,635 in Major Customs Scandal

The Directorate General of Post Clearance Audit (PCA) has uncovered a large-scale under-invoicing scam in luxury vehicle...

Read Full Article

News Update

05

Aug 2025

Aug 05, 2025 • 5 min read

Local Cement Sales Up by 30.1% in July 2025

Cement dispatches in July 2025 rose by 30.1 percent year-on-year (YoY) to 4.0 million tons, up from 3.1 million tons in...

Read Full Article

News Update

05

Aug 2025

Aug 05, 2025 • 5 min read

PM Earns Less Than Half of Monthly Salaries of MNAs, Other Officials

Despite holding the highest constitutional office in Pakistan, the Prime Minister’s salary is significantly lower than t...

Read Full Article

News Update

05

Aug 2025

Aug 05, 2025 • 5 min read

Pakistan Posts 9-Year Low Budget Deficit in FY25

Pakistan recorded a 9-year low fiscal deficit of 5.38 percent in FY25, thanks to 36 percent YoY growth in both tax and n...

Read Full Article

News Update

05

Aug 2025

Aug 05, 2025 • 5 min read

Govt Cuts Circular Debt by Rs. 780 Billion

The federal government has reduced power sector circular debt by Rs. 780 billion, bringing it down to Rs. 1.614 trillion...

Read Full Article

News Update

05

Aug 2025

Aug 05, 2025 • 5 min read

Govt Approves Rs. 30 Billion Grant to Resume Remittance Subsidies

The federal government has approved an initial Rs. 30 billion supplementary grant to restart foreign remittance subsidie...

Read Full Article

News Update

05

Aug 2025

Aug 05, 2025 • 5 min read

FIA Probes Tobacco Giant Over Alleged Tax Evasion and Money Laundering

The Federal Investigation Agency (FIA) has launched a wide-ranging investigation into Universal Tobacco Company (UTC), a...

Read Full Article

News Update

05

Aug 2025

Aug 05, 2025 • 5 min read

NAB to Auction Malik Riaz’s Bahria Town Properties

The National Accountability Bureau (NAB) has announced that it will auction multiple high-profile properties belonging t...

Read Full Article

News Update

05

Aug 2025

Aug 05, 2025 • 5 min read

Govt Proposed To Launch RDA 2.0 to Facilitate IT Companies and Freelancers

Stakeholders of the IT industry proposed that the government launch another version of Roshan Digital Account (RDA 2.0)...

Read Full Article

News Update

05

Aug 2025

Aug 05, 2025 • 5 min read

Pakistan Forms High-Level Steering Committee for COP-30 Preparations

In a significant step towards enhancing Pakistan’s role in global climate diplomacy, the Prime Minister has approved the...

Read Full Article

News Update

04

Aug 2025

Aug 04, 2025 • 5 min read

Pakistanis Will Now Be Able to Travel to UAE, Iran Via Ferry Service

Ministry of Maritime Affairs Monday approved its first-ever ferry service license to an international ferry operator, Se...

Read Full Article

News Update

04

Aug 2025

Aug 04, 2025 • 5 min read

FBR Just Made Buying Property, Cars A Lot Harder for Ineligible Persons

The Federal Board of Revenue (FBR) will impose restrictions on the economic transactions of ‘ineligible persons’ who fai...

Read Full Article

News Update

04

Aug 2025

Aug 04, 2025 • 5 min read

FBR Takes U-Turn on Arrest Powers After Pressure from Business Community

The Federal Board of Revenue (FBR) has restricted powers of arrests of the Inland Revenue officials and now warrant of a...

Read Full Article