News & Updates

News Update

26

May 2025

May 26, 2025 • 5 min read

Matco Foods Approves Demerger of its Corn Starch Division

Matco Foods Limited (PSX: MFL) has approved the demerger of its Corn Starch Division into a wholly owned subsidiary, Mat...

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News Update

26

May 2025

May 26, 2025 • 5 min read

90% of Pakistan’s Medicines Now Locally Made

Healthcare experts and government officials, speaking at a national workshop, have urged drug regulators, pharmaceutical...

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News Update

26

May 2025

May 26, 2025 • 5 min read

Taptap Send Enables Direct Cross Border Donations for Overseas Pakistanis

Taptap Send, an app designed to facilitate cross-border money transfers through mobile devices, has just launched a new...

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News Update

26

May 2025

May 26, 2025 • 5 min read

Pakistan’s Ongoing Crypto ‘Revolution’ is No Way Near Where it Should Be

Pakistan’s decision to allocate 2,000 megawatts of electricity to Bitcoin mining and AI data centers lacks common sense....

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News Update

26

May 2025

May 26, 2025 • 5 min read

Govt to End Sales Tax Exemption in Ex-FATA/PATA Region to Earn Extra Rs. 45 Billion

The federal government will withdraw the 18 percent sales tax exemption on goods manufactured in the former tribal areas...

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News Update

26

May 2025

May 26, 2025 • 5 min read

FBR to Auction Off Karachi’s Bahria Icon Tower for Defaulting on Rs. 26 Billion Tax

The Federal Board of Revenue (FBR) has issued a public proclamation announcing the auction of the high-profile Bahria Ic...

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News Update

26

May 2025

May 26, 2025 • 5 min read

NEC Expected to Convene in 2nd Week of June

The National Economic Council (NEC) meeting has been scheduled for June 9th, 2025, sources in the Ministry of Finance to...

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News Update

26

May 2025

May 26, 2025 • 5 min read

NEPRA Approves Multi-Year Tariff for K-Electric’s Transmission and Distribution Segments

K-Electric Limited (PSX: KEL) has announced that the National Electric Power Regulatory Authority (NEPRA) has approved a...

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News Update

26

May 2025

May 26, 2025 • 5 min read

PM Appoints Bilal Bin Saqib As SAPM on Blockchain and Crypto

The Prime Minister has appointed Bilal Bin Saqib as the Special Assistant to the Prime Minister (SAPM) on Blockchain and...

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News Update

26

May 2025

May 26, 2025 • 5 min read

PM Shehbaz Makes Annual Medical Tests Compulsory for Govt Officers

Prime Minister Shehbaz Sharif has approved a big amendment requiring annual medical examinations for all federal governm...

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News Update

26

May 2025

May 26, 2025 • 5 min read

PKR Crashes to Rs. 382 Against British Pound

The Pakistani rupee (PKR) closed in red against the US Dollar (USD), British Pound, and most of the other top currencies...

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News Update

26

May 2025

May 26, 2025 • 5 min read

UAE Banks to Increase Minimum Balance Requirement

Several leading banks in the United Arab Emirates are preparing to raise the minimum balance requirement for current acc...

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News Update

26

May 2025

May 26, 2025 • 5 min read

Decision to Increase Salaries of Armed Forces Yet to be Taken

Finance Minister Muhammad Aurangzeb has clarified that no decision has been made yet regarding increasing the salaries a...

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News Update

25

May 2025

May 25, 2025 • 5 min read

Pakistan’s Fiscal Deficit Falls to 9-Year Low

Pakistan’s fiscal deficit is projected to decline to 5.4–5.5 percent of GDP in FY25, down from 6.8 percent in FY24 — the...

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News Update

25

May 2025

May 25, 2025 • 5 min read

Govt Working on Very Cheap Electricity Package for Crypto Miners, Data Centers, Farmers

The Power Division is formulating a “Surplus Power Package” aimed at supporting industrial and agricultural consumers, e...

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News Update

25

May 2025

May 25, 2025 • 5 min read

Pakistan Allocates 2,000 MW Electricity for Bitcoin Mining and AI Data Centers

In a groundbreaking move to transform Pakistan into a global leader in digital innovation, the Government of Pakistan ha...

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News Update

25

May 2025

May 25, 2025 • 5 min read

Bad News: Only Higher Tax Rates Behind Pakistan’s Revenue Growth This Year

Pakistan’s total fiscal revenue has nearly doubled over the last two years, surging from Rs. 9.6 trillion to almost Rs....

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News Update

25

May 2025

May 25, 2025 • 5 min read

Pakistan’s Urea Stocks Hit 5-Year High in April 2025

Urea inventory in Pakistan surged to a five-year high of 1.1 million tons in April 2025, significantly above the five-ye...

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News Update

25

May 2025

May 25, 2025 • 5 min read

PPL Unveils State-of-the-Art Training and R&D Centre at UET Lahore

Pakistan Petroleum Limited (PPL) MD & CEO Imran Abbasy, as Chief Guest, formally inaugurated the Center of Excellence fo...

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News Update

23

May 2025

May 23, 2025 • 5 min read

Pakistan is Not Using Loan Programs to Conduct Military Operations Against India: IMF

The International Monetary Fund (IMF) has firmly dismissed concerns based by Indian media that its recent disbursement t...

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News Update

23

May 2025

May 23, 2025 • 5 min read

Lucky Motor Corporation Chairman Urges Caution on Tariff Rationalization, Cites Risks to Local Auto Industry

Lucky Motor Corporation (LMC) Chairman Muhammad Ali Tabba met with Federal Minister for Finance and the Special Assistan...

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