News & Updates

News Update

30

May 2025

May 30, 2025 • 5 min read

Govt Likely to Slap Excise Duty on Multiple Imported Goods

The federal government is set to increase the Federal Excise Duty (FED) on various imported goods in the upcoming Budget...

Read Full Article

News Update

30

May 2025

May 30, 2025 • 5 min read

PSX Plans to Revise Code of Conduct For Security Brokers and Their Employees

The management of the Pakistan Stock Exchange (PSX) has planned to revise the code of conduct for security brokers and t...

Read Full Article

News Update

30

May 2025

May 30, 2025 • 5 min read

IMF, Govt Resume Budget Talks Ahead of June 10

Pakistan and the International Monetary Fund (IMF) are scheduled to hold another round of virtual negotiations today to...

Read Full Article

News Update

30

May 2025

May 30, 2025 • 5 min read

Rupee Again Drops Below Rs. 380 Against British Pound to End May 2025

The Pakistani rupee (PKR) closed in green against the US Dollar (USD) on Friday but in red against British Pound (GBP)....

Read Full Article

News Update

30

May 2025

May 30, 2025 • 5 min read

Petrol and Diesel Prices Likely to Go Down Ahead of Eid

Petroleum prices in Pakistan will likely see a slight drop amid small fluctuations in international oil markets. Diesel...

Read Full Article

News Update

30

May 2025

May 30, 2025 • 5 min read

KE’s Multi-Year Tariff: A Blueprint for DISCOs Privatisation

K-Electric’s (KE) Multi-Year Tariff (MYT) that covers the control period from FY24 to FY30 comes as a significant develo...

Read Full Article

News Update

30

May 2025

May 30, 2025 • 5 min read

IT Ministry, Binance Academy Partner Up to Advance Blockchain Education in Pakistan

Binance Academy and the Ministry of IT and Telecom have partnered to advance blockchain education in Pakistan. This part...

Read Full Article

News Update

30

May 2025

May 30, 2025 • 5 min read

Cherat, Bestway Interested in Buying Stake in Attock Cement

Pharaon Investment Group Ltd. is exploring a potential sale of its stake in Attock Cement Pakistan Ltd., drawing early i...

Read Full Article

News Update

30

May 2025

May 30, 2025 • 5 min read

PESCO Liabilities Spike to Rs. 620 Billion

The National Assembly Standing Committee on Privatization, chaired by Farooq Sattar, convened today to discuss the priva...

Read Full Article

News Update

30

May 2025

May 30, 2025 • 5 min read

Used Cars Could Get Cheaper After Budget

Used car prices in Pakistan are expected to see a major drop if proposals in the upcoming federal budget go ahead, accor...

Read Full Article

News Update

30

May 2025

May 30, 2025 • 5 min read

FBR Demands Post-Dated Cheques From Juice Industry in Exchange for Tax Cut in FY26 Budget

The Federal Board of Revenue (FBR) will only reduce the federal excise duty (FED) on packaged juices from 20 to 15 perce...

Read Full Article

News Update

30

May 2025

May 30, 2025 • 5 min read

PSX Ends Week Just Shy of 120,000 Points After Over 700-Point Gain

The 100-Index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Friday, gaining 719.69 points, a posi...

Read Full Article

News Update

30

May 2025

May 30, 2025 • 5 min read

Faysal Bank Recognised for Innovation and Excellence at GIFA 2025

Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has won four prestigious accolades at the Global Isl...

Read Full Article

News Update

30

May 2025

May 30, 2025 • 5 min read

Pakistan-US Kick Off Negotiations Over Reciprocal Tariffs

Pakistan’s formal negotiations on US Reciprocal tariffs kick-started between Finance Minister Muhammad Aurangzeb and Amb...

Read Full Article

News Update

30

May 2025

May 30, 2025 • 5 min read

SBP, Finance Ministry Working with Pakistan Crypto Council to Develop Virtual Assets Regulations

The State Bank of Pakistan (SBP) Friday said it is currently engaged with the Finance Division and Pakistan Crypto Counc...

Read Full Article

News Update

30

May 2025

May 30, 2025 • 5 min read

Senate Panel Slams NESPAK, NTDC for Awarding Contract to Ineligible Company

The Senate Standing Committee on Economic Affairs on Thursday expressed its displeasure over National Engineering Servic...

Read Full Article

News Update

30

May 2025

May 30, 2025 • 5 min read

SECP Proposes Regulatory Framework for Algorithmic Trading in Pakistan

The Securities and Exchange Commission of Pakistan (SECP) has released a Concept Paper titled “Regulating Algorithmic Tr...

Read Full Article

News Update

30

May 2025

May 30, 2025 • 5 min read

Govt to Finally Decide Future of Cryptocurrencies in Key Meeting Next Week

The Pakistan Crypto Council will convene a high-level meeting on Monday, 2nd June 2025, to be chaired by Federal Ministe...

Read Full Article

News Update

30

May 2025

May 30, 2025 • 5 min read

FBR Destroys Illicit Cigarettes Worth Rs. 180 Million in Jhelum

In a significant move to combat the illegal cigarette trade and to reinforce tax compliance, the Regional Tax Office (RT...

Read Full Article

News Update

30

May 2025

May 30, 2025 • 5 min read

Govt May Impose 1.5% Tax on Import Payments in Upcoming Budget

The government is considering imposing a 1.5 percent withholding tax on the value of imports. The proposal targets comme...

Read Full Article

News Update

30

May 2025

May 30, 2025 • 5 min read

FBR Extends Sales Tax and FED Returns Deadline

The Federal Board of Revenue (FBR) has extended the date of submission of Sales Tax and Federal Excise Return for the ta...

Read Full Article