News & Updates

News Update

23

May 2025

May 23, 2025 • 5 min read

Bolan Castings Extends Production Shutdown

Bolan Castings Limited (PSX: BCL) has extended its production suspension until June 13, 2025, as demand from the tractor...

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News Update

23

May 2025

May 23, 2025 • 5 min read

Salaried Class Likely to Get Tax Relief in Upcoming Budget as Talks With IMF Progress

Negotiations between Pakistan and the International Monetary Fund (IMF) are expected to conclude today with a consultati...

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News Update

23

May 2025

May 23, 2025 • 5 min read

PM Shehbaz Orders Shutdown of Dead Ministry Departments in Upcoming Budget

Prime Minister Shehbaz Sharif has directed all ministries to identify useless government departments for closure in the...

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News Update

23

May 2025

May 23, 2025 • 5 min read

Systems Limited to Suspend Trading from May 29 to Implement Stock Split

The Pakistan Stock Exchange (PSX) has announced the temporary suspension of trading in the shares of Systems Limited (PS...

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News Update

23

May 2025

May 23, 2025 • 5 min read

Govt Eyes Rs. 150 Billion More Taxes on Biscuits, Cakes, Chips in FY26 Budget

The federal government is finalizing a plan to impose Federal Excise Duty (FED) and additional sales tax on a range of h...

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News Update

23

May 2025

May 23, 2025 • 5 min read

Microfinance Companies Get SECP Nod for Participation in “Apni Chhat Apna Ghar” Scheme

In line with its commitment to advancing financial inclusion, the Securities and Exchange Commission of Pakistan (SECP)...

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News Update

23

May 2025

May 23, 2025 • 5 min read

Federal Govt Announces Date For Budget 2025-26

The federal government will present the budget for the next fiscal year i.e. FY26 on June 10, 2025. “The Federal Budget...

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News Update

23

May 2025

May 23, 2025 • 5 min read

Gold Price in Pakistan up by Over Rs. 12,000 Per Tola This Week

The price of 24 karat gold witnessed an increase of Rs. 3,500 per tola on Friday and was sold at Rs. 351,000 against its...

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News Update

23

May 2025

May 23, 2025 • 5 min read

Govt Plans Rs. 600 Billion New Taxes on Freelancers, YouTubers, Pensioners in FY26 Budget

The federal government is planning new tax measures worth up to Rs. 600 billion in the 2025 26 budget on the income of f...

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News Update

23

May 2025

May 23, 2025 • 5 min read

Govt to Slap 18% Sales Tax on Exporters

Exporters will face 18% sales tax on imported raw materials in the upcoming budget, aligning them with local raw materia...

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News Update

23

May 2025

May 23, 2025 • 5 min read

SBP Announces Bank Holiday on May 28

The State Bank of Pakistan (SBP) announced that it will remain closed on Wednesday, 28 May 2025, on account of Youm-e-Ta...

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News Update

23

May 2025

May 23, 2025 • 5 min read

NA Panel Orders FBR to Automate Refunds And End Double Taxation

The Chairman of the National Assembly Standing Committee on Finance and Revenue, Syed Naveed Qamar, directed the Federal...

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News Update

23

May 2025

May 23, 2025 • 5 min read

IMF Budget Talks End Today, Relief for Salaried Class Tied to Govt Expenditure Cuts

The International Monetary Fund (IMF) team is set to conclude its current round of discussions on the 2025-26 federal bu...

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News Update

23

May 2025

May 23, 2025 • 5 min read

Pakistan Borrowed 15% Fewer Loans in 10 Months

Pakistan borrowed over $6 billion from multiple financing sources during the first 10 months (July-April) of the current...

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News Update

23

May 2025

May 23, 2025 • 5 min read

CDWP Clears Development Projects Worth Rs. 104 Billion

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

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News Update

23

May 2025

May 23, 2025 • 5 min read

Tribunal Orders New Hearing on Rs. 44 Billion Case Against Sugar Mills

The Competition Appellate Tribunal (CAT), while deciding the appeals filed by the Pakistan Sugar Mills Association (PSMA...

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News Update

23

May 2025

May 23, 2025 • 5 min read

Rupee On Course to Drop Below Rs. 400 Against British Pound By Next Month

The Pakistani rupee (PKR) closed in green against the US Dollar (USD), but red against British Pound, and most of the ot...

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News Update

23

May 2025

May 23, 2025 • 5 min read

SBP Approves UBL Share Split to Enhance Liquidity

The State Bank of Pakistan (SBP) has granted its no-objection to United Bank Limited (PSX: UBL) for the subdivision of i...

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News Update

23

May 2025

May 23, 2025 • 5 min read

SECP Warns Against Fraudulent Online Trading Platforms and Investment Schemes

The Securities and Exchange Commission of Pakistan (SECP) cautions the general public against investing through unlicens...

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News Update

22

May 2025

May 22, 2025 • 5 min read

Govt to Launch Loan Scheme for 9 Million Small Farmers in FY26 Budget

The federal government is preparing a targeted loan scheme in the 2025-26 federal budget for 9 million farmers owning up...

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News Update

22

May 2025

May 22, 2025 • 5 min read

PM For Gradual Reduction, Elimination in Gas Sector Circular Debt Through Reforms

Prime Minister Shehbaz Sharif Thursday called for further reforms in the gas sector to gradually reduce and eliminate th...

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