News & Updates

News Update

03

Jul 2025

Jul 03, 2025 • 5 min read

IMF Denies Cheap Electricity Plan for Crypto Mining, Data Centers in Pakistan

The International Monetary Fund (IMF) has rejected Pakistan’s proposal to offer subsidized electricity rates to crypto m...

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News Update

03

Jul 2025

Jul 03, 2025 • 5 min read

NA Body Raises Alarm Over Pakistan’s Rising Poverty Rate

The National Assembly’s Standing Committee on Poverty Alleviation and Social Safety has called for urgent reforms to ens...

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News Update

03

Jul 2025

Jul 03, 2025 • 5 min read

Salaried Class Paid Over Double the Tax of Exporters, Retailers Combined in FY25

The salaried class paid Rs. 545 billion in income tax in FY2024-25, more than double the combined Rs. 242 billion paid b...

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News Update

03

Jul 2025

Jul 03, 2025 • 5 min read

Microsoft Reportedly Exits Pakistan After 25 Years

Microsoft has reportedly closed its operations in Pakistan, marking the end of a 25-year chapter for the global tech gia...

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News Update

03

Jul 2025

Jul 03, 2025 • 5 min read

PSX Adds Another 340 Points to Hit Fresh All-Time High

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) gained over 340 points on Thursday to reach a fresh all...

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News Update

02

Jul 2025

Jul 02, 2025 • 5 min read

Secretary Power Claims Almost 60% Pakistanis Get Electricity at Rs. 10 Per Unit

A meeting of the Senate Standing Committee on Power on Wednesday at Parliament House, under the Chairmanship of Senator...

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News Update

02

Jul 2025

Jul 02, 2025 • 5 min read

Audit Exposes Possible Corruption Worth Billions by PCB in PSL

The Public Accounts Committee (PAC) subcommittee chaired by Malik Amir Dogar on Wednesday reviewed the Cabinet Division’...

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News Update

02

Jul 2025

Jul 02, 2025 • 5 min read

Gold Rate Posts Slight Decline After Over Rs. 6,000 Per Tola Increase Yesterday

The price of 24 karat per tola gold decreased by Rs. 600 and was traded at Rs. 356,200 on Wednesday as compared to its s...

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News Update

02

Jul 2025

Jul 02, 2025 • 5 min read

FBR Orders Hotels, Couriers and Other Services to Go Digital

The Federal Board of Revenue (FBR) has made it mandatory for a large categories of service providers to integrate their...

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News Update

02

Jul 2025

Jul 02, 2025 • 5 min read

CCP Upholds Rs. 150 Million Penalty Against Reckitt’s Strepsils

The Competition Appellate Tribunal (CAT) has dismissed the appeal filed by Reckitt Benckiser in the Strepsils case due t...

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News Update

02

Jul 2025

Jul 02, 2025 • 5 min read

CCP Penalizes UDPL, IBL for Anti-Competitive Agreement in Pharma Sector

The Competition Commission of Pakistan (CCP) has imposed a total penalty of Rs. 42 million on United Distributors Pakist...

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News Update

02

Jul 2025

Jul 02, 2025 • 5 min read

PPRA launches Pilot Phase of E-Disposal System for EPADS

The Public Procurement Regulatory Authority (PPRA) has launched the pilot phase of Pakistan’s first E-Disposal Module of...

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News Update

02

Jul 2025

Jul 02, 2025 • 5 min read

Finance Minister Demands Shift from Donor-Driven Aid to Country-Led Development

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has called for a renewed global commitment to revi...

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News Update

02

Jul 2025

Jul 02, 2025 • 5 min read

Pakistan’s Foreign Reserves Increase by Over $5 Billion in FY25

The foreign exchange reserves held by the State Bank of Pakistan (SBP) stood at $14.51 billion as of June 30, 2025, acco...

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News Update

02

Jul 2025

Jul 02, 2025 • 5 min read

Courier Companies Announce Increase in Delivery Charges After New Taxes

Major courier companies have notified their customers, including registered E-commerce companies and online traders, tha...

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News Update

02

Jul 2025

Jul 02, 2025 • 5 min read

Everything You Need to Know About SBP’s Biometrics Requirement for Cash Depositors

With the rapid rise of mobile financial services and digital wallets in Pakistan in recent years, a growing number of pe...

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News Update

02

Jul 2025

Jul 02, 2025 • 5 min read

FBR Massively Reduces Import Duties on Cars, Food, and Other Items

The Federal Board of Revenue (FBR) Monday issued customs notifications to reduce regulatory duties and Additional Custom...

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News Update

02

Jul 2025

Jul 02, 2025 • 5 min read

Govt Allows Pensioners to Get Re-Hired

The federal government has allowed re-employed pensioners to draw their pensions alongside their salaries, provided the...

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News Update

02

Jul 2025

Jul 02, 2025 • 5 min read

Pakistan’s Cement Exports Grow by Almost 30% in FY25

During the outgoing fiscal year (FY25) total cement dispatches rose by 2 percent year-on-year (YoY) to 46.22 million ton...

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News Update

02

Jul 2025

Jul 02, 2025 • 5 min read

Overseas Pakistanis Allowed Tax-Free Mobile Registration, With a Limit

Overseas Pakistanis can avail the FBR tax-free mobile registration facility for 120 days per visit under the Federal Boa...

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News Update

02

Jul 2025

Jul 02, 2025 • 5 min read

FBR Imposes 15% GST on Marriage Halls, Hotels, Clubs, Farmhouses in Islamabad

The Federal Board of Revenue (FBR) has imposed a 5-15 percent General Sales Tax on a wide range of services in the Islam...

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