News & Updates

News Update

17

Jun 2025

Jun 17, 2025 • 5 min read

Pakistan’s Real Effective Exchange Rate Continues to Fall in May 2025

Pakistan’s Real Effective Exchange Rate (REER) continued to drop in May 2025, according to the latest data issued by the...

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News Update

17

Jun 2025

Jun 17, 2025 • 5 min read

PM Directs to Link Reko Diq with Railway Network by 2028

Prime Minister Shehbaz Sharif Tuesday directed the relevant authorities to link the Reko Diq with the Pakistan railway l...

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News Update

17

Jun 2025

Jun 17, 2025 • 5 min read

NA Committee Rejects Proposal to Slap 18% Tax on Solar Panel Imports

The National Assem­bly’s Standing Committee on Finance and Revenue Tuesday rejected the proposal to slap a standard 18 p...

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News Update

17

Jun 2025

Jun 17, 2025 • 5 min read

Pakistan’s Large-Scale Manufacturing Output Grows By 2.3% in April 2025

Pakistan’s Large Scale Manufacturing Industries (LSMI) output witnessed an increase of 2.3 percent YoY during April 2025...

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News Update

17

Jun 2025

Jun 17, 2025 • 5 min read

Solar Power is Now Pakistan’s Largest Source of Electricity

During the first four months of the current year, solar farms produced an average of 25.3 percent of Pakistan’s utility...

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News Update

17

Jun 2025

Jun 17, 2025 • 5 min read

Aurangzeb Reaffirms Commitment to Structural Reforms for Competitive Economy

Minister for Finance Senator Muhammad Aurangzeb Tuesday reaffirmed the government’s resolve to ensure structural reforms...

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News Update

17

Jun 2025

Jun 17, 2025 • 5 min read

Gold Rate in Pakistan Falls Again But Still Near Record High

The price of 24 karat gold decreased by Rs. 1,000 per tola and was traded at Rs. 361,300 on Tuesday as compared to its s...

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News Update

17

Jun 2025

Jun 17, 2025 • 5 min read

Budget FY26: Govt to Impose Higher Tax on Cash on Delivery

The federal government has revised and simplified the proposed income tax on cash-on-delivery (COD) payments by making i...

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News Update

17

Jun 2025

Jun 17, 2025 • 5 min read

Govt Limits FBR Powers to Make Arrests in Tax Fraud Cases

The federal government has agreed to relax stringent provisions on tax fraud punishment in the Finance Bill 2025 after s...

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News Update

17

Jun 2025

Jun 17, 2025 • 5 min read

Pakistan’s Current Account Posts $103 Million Deficit in May 2025

Pakistan’s current account balance posted a deficit of $103 million in May 2025, down 56 percent compared to a deficit o...

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News Update

17

Jun 2025

Jun 17, 2025 • 5 min read

Senate Warns FBR to Stop Entering Provincial Tax Domain or Face Consequences

The Senate Standing Committee on Finance and Revenue has issued a stern warning to the Federal Board of Revenue (FBR) to...

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News Update

17

Jun 2025

Jun 17, 2025 • 5 min read

PSX Loses Over 250 Points as Investors Stay Cautious Due to Middle East Situation

The 100-Index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend on Tuesday, losing 254 points, a negative c...

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News Update

17

Jun 2025

Jun 17, 2025 • 5 min read

US, Pakistan Agree to Speed Up Tariff Negotiations

Further to Pak-US negotiations on US Reciprocal Tariffs, a virtual meeting took place between Muhammad Aurangzeb, Pakist...

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News Update

17

Jun 2025

Jun 17, 2025 • 5 min read

FBR Starts Distributing New Honda City Cars Worth Rs. 6 Billion to Tax Officers

The Federal Board of Revenue (FBR) has started distributing brand-new Honda City vehicles to tax officers. Dozens of the...

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News Update

16

Jun 2025

Jun 16, 2025 • 5 min read

Punjab Increase Salaries by 10%, Pensions up 5%

The Punjab government has approved 10 percent increase in salaries of government employees and 5 percent increase in pen...

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News Update

16

Jun 2025

Jun 16, 2025 • 5 min read

Lawmakers Propose Mandatory Registration for Online Businesses

The Senate Standing Committee on Finance on Monday discussed new proposals to regulate Pakistan’s e-commerce sector. Tod...

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News Update

16

Jun 2025

Jun 16, 2025 • 5 min read

Punjab Increases Minimum Wage for Workers

The Punjab government has presented the 2025–26 budget in the provincial assembly, while setting the minimum wage for wo...

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News Update

16

Jun 2025

Jun 16, 2025 • 5 min read

Open Market Chaos: Rupee Nears 390 Against British Pound, 287 Against US Dollar

The Pakistani rupee (PKR) closed in red against the US Dollar (USD) on Monday and the British Pound (GBP). On a day-on-d...

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News Update

16

Jun 2025

Jun 16, 2025 • 5 min read

Pakistan Mercantile Exchange Elects Nadeem Karamat As Chairman

The Board of Directors of Pakistan Mercantile Exchange (PMEX) has elected Nadeem Karamat as the new Chairman of the Boar...

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News Update

16

Jun 2025

Jun 16, 2025 • 5 min read

Fauji Fertilizer Wants to Buy Stake in PIA

Fauji Fertilizer Company Limited (PSX: FFC) has taken a big step towards expanding its investment portfolio by expressin...

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News Update

16

Jun 2025

Jun 16, 2025 • 5 min read

Punjab Unveils Rs. 5,335 Billion Tax-Free Budget

Provincial Finance Minister Mian Mujtaba Shuja-ur-Rehman presented the Punjab budget for financial year (FY) 2025-26 wit...

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