News Update

27

May 2025

May 27, 2025 • 5 min read

Cars to Become More Expensive as Govt Plans Luxury Tax on Nearly All Vehicles

The federal government is planning to impose higher advance taxes on luxury vehicles in upcoming budget 2025-26. Sources...

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News Update

27

May 2025

May 27, 2025 • 5 min read

Oil Sector Demands 27% Increase in OMC Margins

The oil sector has demanded a Rs. 10 per litre margin for oil marketing companies, 27 percent higher than the current ra...

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News Update

27

May 2025

May 27, 2025 • 5 min read

Large Steel Producers Urge Govt to Review High Energy Costs, Regulatory Inconsistencies

Finance Minister Senator Muhammad Aurangzeb, held a meeting today with a delegation of the Pakistan Association of Large...

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News Update

27

May 2025

May 27, 2025 • 5 min read

FBR Establishes Fund to Reward Informers in Anti-Smuggling Drive

The Federal Board of Revenue (FBR) has established “Customs Command Fund” (CCF) for upfront payment to informers for car...

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News Update

27

May 2025

May 27, 2025 • 5 min read

SBP Buys $5.9 Billion From Interbank Market in 9 Months

The State Bank of Pakistan (SBP) purchased US$ 223 million worth of foreign currency (USD) from the interbank FX market...

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News Update

27

May 2025

May 27, 2025 • 5 min read

Supernet Limited Announces Merger with Supernet Technologies

Supernet Limited has officially approved a merger with its sister company, Supernet Technologies Limited (STL), in a maj...

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News Update

27

May 2025

May 27, 2025 • 5 min read

Govt Extends Deadline for EOIs for PIA Privatization

The federal government has announced an extension for the submission of Expressions of Interest (EoIs) for the acquisiti...

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News Update

27

May 2025

May 27, 2025 • 5 min read

Shark Tank Pakistan Cleans House, Retains Faisal Aftab to Lead Stronger Season 2

Shark Tank Pakistan is moving ahead with a refreshed approach for Season 2, and only one judge from the original panel,...

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News Update

27

May 2025

May 27, 2025 • 5 min read

Turkish Fintech Behind SadaPay Faces Probe Over Suspected Money Laundering

Turkish authorities have detained 13 individuals as part of an investigation into the fintech company Papara, over alleg...

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News Update

27

May 2025

May 27, 2025 • 5 min read

Attock Refinery Shuts Down Main Distillation Unit

Attock Refinery Limited (PSX: ATRL) has shut down its main crude distillation unit till June 1, 2025, the company inform...

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News Update

27

May 2025

May 27, 2025 • 5 min read

PTA Raids Mobile Repair Shop Tampering IMEIs And Selling Patched Phones in Karachi

In a big enforcement action against the illegal tampering of mobile phone IMEIs and the sale of cloned/patched devices,...

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News Update

27

May 2025

May 27, 2025 • 5 min read

Pakistan to Face Heavier Petroleum Levy Burden in FY26 Budget

Pakistanis are likely to face a significant increase in the petroleum levy in the upcoming fiscal year 2025-26 budget, a...

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News Update

27

May 2025

May 27, 2025 • 5 min read

Gold Rate in Pakistan Falls by Over Rs. 6,000 Per Tola in 2 Days

The price of 24 karat gold witnessed a decrease of Rs. 3,600 per tola on Tuesday and was sold at Rs. 347,900 against its...

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News Update

27

May 2025

May 27, 2025 • 5 min read

Azgard Nine Confirms Creditor Banks Seek Court Relief Over Unpaid Muzaffargarh Land Deal

Azgard Nine Limited (PSX: ANL) informed the Pakistan Stock Exchange on Monday that the agent banks of its creditors have...

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News Update

26

May 2025

May 26, 2025 • 5 min read

Karachi Finally Got Something: KE’s MYT Gives Us Something to Cheer About

For those who have lived in Karachi their entire lives, it’s easy to feel the city has been left behind. Its infrastruct...

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News Update

26

May 2025

May 26, 2025 • 5 min read

MEPCO Bought Electricity Worth Rs. 98 Crore Without NEPRA Approval

The Public Accounts Committee’s subcommittee was informed on Monday that the Multan Electric Power Company (MEPCO) purch...

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News Update

26

May 2025

May 26, 2025 • 5 min read

Halan Microfinance Bank Receives Capital Injection of Rs.1.4 Billion

Halan Microfinance Bank received a capital injection of Rs. 1.425 billion (USD 5 million) from its new shareholders aft...

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News Update

26

May 2025

May 26, 2025 • 5 min read

IMF Rejects Several Budget Targets

The International Monetary Fund (IMF) has raised objections to several of the government’s budget targets, including tho...

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News Update

26

May 2025

May 26, 2025 • 5 min read

FBR Makes 11th Hour Attempt to Meet Rs. 12.33 Trillion Tax Revenue Target

With just weeks left before the budget presentation, the Federal Board of Revenue (FBR) has intensified its enforcement...

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News Update

26

May 2025

May 26, 2025 • 5 min read

Jirga Enables Reconciliation Between Chairman PTA and Senator Aimal Wali Khan

The tension between Pakistan Telecommunication Authority (PTA) Chairman Major General (R) Hafeez ur Rehman and Awami Nat...

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News Update

26

May 2025

May 26, 2025 • 5 min read

Punjab Rangers Finally Get Rs. 8.4 Crore Reward for Seizing 25 KGs of Gold in 1989

After a delay spanning nearly four decades, the federal government has sanctioned a reward of Rs 84.809 million for Paki...

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News & Updates

Cars to Become More Expensive as Govt Plans Luxury Tax on Nearly All Vehicles

Oil Sector Demands 27% Increase in OMC Margins

Large Steel Producers Urge Govt to Review High Energy Costs, Regulatory Inconsistencies

FBR Establishes Fund to Reward Informers in Anti-Smuggling Drive

SBP Buys $5.9 Billion From Interbank Market in 9 Months

Supernet Limited Announces Merger with Supernet Technologies

Govt Extends Deadline for EOIs for PIA Privatization

Shark Tank Pakistan Cleans House, Retains Faisal Aftab to Lead Stronger Season 2

Turkish Fintech Behind SadaPay Faces Probe Over Suspected Money Laundering

Attock Refinery Shuts Down Main Distillation Unit

PTA Raids Mobile Repair Shop Tampering IMEIs And Selling Patched Phones in Karachi

Pakistan to Face Heavier Petroleum Levy Burden in FY26 Budget

Gold Rate in Pakistan Falls by Over Rs. 6,000 Per Tola in 2 Days

Azgard Nine Confirms Creditor Banks Seek Court Relief Over Unpaid Muzaffargarh Land Deal

Karachi Finally Got Something: KE’s MYT Gives Us Something to Cheer About

MEPCO Bought Electricity Worth Rs. 98 Crore Without NEPRA Approval

Halan Microfinance Bank Receives Capital Injection of Rs.1.4 Billion

IMF Rejects Several Budget Targets

FBR Makes 11th Hour Attempt to Meet Rs. 12.33 Trillion Tax Revenue Target

Jirga Enables Reconciliation Between Chairman PTA and Senator Aimal Wali Khan

Punjab Rangers Finally Get Rs. 8.4 Crore Reward for Seizing 25 KGs of Gold in 1989

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