News & Updates

News Update

19

Jun 2025

Jun 19, 2025 • 5 min read

FBR Exposes Major Tax Evasion by Sugar Mills

The Chairman of the Federal Board of Revenue (FBR) Rashid Langrial publicly disclosed the names of sugar mills involved...

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News Update

19

Jun 2025

Jun 19, 2025 • 5 min read

PM Shehbaz Directs Finalizing Industrial Policy at Earliest

Prime Minister Shehbaz Sharif Thursday directed to finalize the industrial policy at the earliest to increase production...

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News Update

19

Jun 2025

Jun 19, 2025 • 5 min read

CDWP Recommends Infrastructure Projects Worth Rs. 451 Billion to ECNEC for Approval

The Central Development Working Party (CDWP), in a meeting chaired by the Federal Minister for Planning, Development & S...

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News Update

19

Jun 2025

Jun 19, 2025 • 5 min read

Privatization Commission Board Approves Key Steps for Strategic Transactions

The Privatization Commission (PC) Board has approved to initiate the process for appointing Financial Advisers (FAs) to...

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News Update

19

Jun 2025

Jun 19, 2025 • 5 min read

Gold Rate in Pakistan Decreases for Fourth Time This Week

The price of 24 karat gold decreased by Rs. 460 per tola and was traded at Rs. 358,595 on Thursday as compared to its sa...

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News Update

19

Jun 2025

Jun 19, 2025 • 5 min read

Govt Wants 30% of All Vehicles Sold by 2030 to be Electric

Special Assistant to the Prime Minister (SAPM) on Industries and Production Haroon Akhtar Khan Thursday said that under...

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News Update

18

Jun 2025

Jun 18, 2025 • 5 min read

Minister Warns of Strict Action Against Hoarding, Overpricing Food Items

Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar on Wednesday warned that the government would take...

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News Update

18

Jun 2025

Jun 18, 2025 • 5 min read

Senate Body Proposes Easing Property Purchase

The Senate Standing Committee on Finance and Revenue on Wednesday approved increasing the existing property purchase lim...

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News Update

18

Jun 2025

Jun 18, 2025 • 5 min read

Profit Repatriation Down by 71% in May 2025

The repatriation of profits and dividends from foreign investments in Pakistan decreased by 71 percent to $264 million i...

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News Update

18

Jun 2025

Jun 18, 2025 • 5 min read

Hinopak’s Parent Company to Merge With Mitsubishi Fuso

Hinopak Motors Limited (PSX: HINO) has informed the Pakistan Stock Exchange that a definitive agreement has been reached...

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News Update

18

Jun 2025

Jun 18, 2025 • 5 min read

Senate Recommends 0% Tax on Yearly Salaries Up to Rs. 1.2 Million

The Senate Standing Committee on Finance on Wednesday recommended zero income tax on annual incomes up to Rs. 1.2 millio...

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News Update

18

Jun 2025

Jun 18, 2025 • 5 min read

PSX Loses Over 1,500 Points as Israel-Iran War Raises Investor Anxiety

The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Wednesday, losing 1,505.11 points, a negat...

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News Update

18

Jun 2025

Jun 18, 2025 • 5 min read

Interloop’s Associate Company Acquires American Legwear Brand

Interloop Limited (PSX: ILP) informed the Pakistan Stock Exchange on Wednesday that its associate company, Textile Hub B...

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News Update

18

Jun 2025

Jun 18, 2025 • 5 min read

Punjab Budget Reveals Major Increases for CM Office, Governor House, and Ministers’ Offices

Punjab’s 2025-26 budget, presented on June 17, shows notable increases in funding for top government offices. The Chief...

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News Update

18

Jun 2025

Jun 18, 2025 • 5 min read

Govt Takes U-Turn From Imposing Higher Sales Tax on Hybrid Cars

The federal government has withdrawn a proposal to increase sales tax on hybrid cars with engine capacities of up to 180...

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News Update

18

Jun 2025

Jun 18, 2025 • 5 min read

Senator Proposes 25% Increase in Salaries of Govt Employees

Taking part in the budget debate in the Senate on Wednesday, Senator Poonjo Bheel proposed a minimum 25 percent increase...

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News Update

18

Jun 2025

Jun 18, 2025 • 5 min read

Careem to Rival Foodpanda With New “Everything App”

Careem has just ended its ride-hailing services in Pakistan as of July 18, 2025, but the company is not done here just y...

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News Update

18

Jun 2025

Jun 18, 2025 • 5 min read

Careem Ends Ride-Hailing Services in Pakistan

Careem has announced it will shut down its ride-hailing operations in Pakistan effective July 18, 2025, ending its years...

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News Update

18

Jun 2025

Jun 18, 2025 • 5 min read

Pakistan’s IT Exports Down for the First Time After 19 Months

Pakistan recorded monthly IT exports of US$ 329 million in May 2025, down by 1 percent YoY, while up by 4 percent MoM. T...

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News Update

18

Jun 2025

Jun 18, 2025 • 5 min read

Raqami Islamic Digital Bank and Haball Partner to launch Shariah-Compliant Embedded Finance for Pakistan’s SME Sector

In a major milestone for Pakistan’s digital financial ecosystem, Raqami Islamic Digital Bank, the country’s first Islami...

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News Update

18

Jun 2025

Jun 18, 2025 • 5 min read

Rupee Makes Huge Recovery Against British Pound

The Pakistani rupee (PKR) closed in red against the US Dollar (USD) but reported a sharp recovery against the British Po...

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