News & Updates

News Update

16

May 2025

May 16, 2025 • 5 min read

Pakistan Recalls Trade & Investment Counsellor from Malaysia Over ‘Below Average’ Performance

The Ministry of Commerce has recalled its Trade and Investment Counsellor (TIC) from Malaysia, citing unsatisfactory per...

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News Update

16

May 2025

May 16, 2025 • 5 min read

Govt Keeps Petrol Price Unchanged Despite Room for Relief

The federal government has decided to keep the price of petrol unchanged for the next fortnight. However, the price of h...

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News Update

16

May 2025

May 16, 2025 • 5 min read

IMF Demands Pakistan to Collect Rs. 430 Billion More Tax Revenue Next Fiscal Year

The International Monetary Fund (IMF) has demanded that Pakistan raise an additional Rs. 430 billion through more taxes...

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News Update

16

May 2025

May 16, 2025 • 5 min read

Punjab Education Department Seeks 350% Increase in Annual Development Budget

The Punjab Education Department has proposed a Rs. 90 billion development budget for the 2025–26 fiscal year to improve...

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News Update

16

May 2025

May 16, 2025 • 5 min read

Pakistan’s Current Account Posts $12 Million Surplus in April 2025

Pakistan’s current account balance posted a surplus of $12 million in April 2025, according to data released by the Stat...

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News Update

16

May 2025

May 16, 2025 • 5 min read

Pakistan Launches First Green Sukuk Bond for Promoting Clean Investments

Pakistan has officially issued its first green sukuk bond for environmentally sustainable projects. The issuance is bein...

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News Update

16

May 2025

May 16, 2025 • 5 min read

CDWP Approves Ten Projects Worth Rs. 143 Billion

Planning Minister Ahsan Iqbal Friday chaired a meeting of the Central Development Working Party (CDWP) that approved ten...

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News Update

16

May 2025

May 16, 2025 • 5 min read

SECP Warns Companies of Cyber Threats Amid Geopolitical Tensions

The Securities and Exchange Commission of Pakistan (SECP) has issued a cybersecurity advisory for all registered compani...

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News Update

16

May 2025

May 16, 2025 • 5 min read

ECNEC Approves Re-Modified PC-I of ML-I Project at Cost of $6.68 Billion, NA Told

Parliamentary Secretary for Railways Muhammad Usman Awais informed the National Assembly on Friday that the Executive Co...

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News Update

16

May 2025

May 16, 2025 • 5 min read

PM Shehbaz Approves Gradual Elimination of Import Duties

Prime Minister Shehbaz Sharif on Friday approved a phase-wise elimination of additional customs duty (ACD) and regulator...

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News Update

16

May 2025

May 16, 2025 • 5 min read

Cars and Auto Parts Likely to Become Cheaper After Budget

The federal government has proposed reducing duties on vehicles, auto parts, and industrial raw materials in the fiscal...

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News Update

16

May 2025

May 16, 2025 • 5 min read

Pakistan’s IT Exports Up 21% in 10 Months of FY25

Pakistan’s information technology exports reached US$ 317 million in April 2025, reflecting a 2 percent year-on-year inc...

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News Update

16

May 2025

May 16, 2025 • 5 min read

SECP Revamps Electronic Mortgage Register to Cut Costs and Improve Lending

As part of its continued effort to improve financial transparency and reduce the cost of doing business, the Securities...

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News Update

16

May 2025

May 16, 2025 • 5 min read

Sui Northern Celebrates ‘Yaum-e-Tashakar’ at Head Office and all Its Regional Offices

Sui Northern celebrated ‘Yaum-e-Tashakar’ at its Head Office and all the Regional Offices in order to commemorate the su...

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News Update

16

May 2025

May 16, 2025 • 5 min read

Punjab Designates PMEX for Trading of Wheat Electronic Warehouse Receipts

In a major breakthrough for Pakistan’s agricultural economy, the Government of Punjab (GoPb) has officially designated P...

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News Update

16

May 2025

May 16, 2025 • 5 min read

Govt to Help 19 Pakistani Companies Added on the US Trade Ban List

The government is ready to assist the 19 Pakistani technology companies recently sanctioned by the United States in purs...

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News Update

16

May 2025

May 16, 2025 • 5 min read

Govt Considers Complete Withdrawal of Taxes on Infant Milk Powder in FY26 Budget

The federal government is considering removing all taxes on infant milk powder in the upcoming fiscal year budget, Food...

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News Update

16

May 2025

May 16, 2025 • 5 min read

PSX Ends Week With Decline of Over 300 Points

The 100-Index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend on Friday, losing 312.77 points, a negative...

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News Update

16

May 2025

May 16, 2025 • 5 min read

Currency Notes With Pen Marks Banned – Here’s The Truth

The State Bank of Pakistan (SBP) has rejected claims that Pakistani Rupee (PKR) currency notes bearing pen marks or hand...

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News Update

16

May 2025

May 16, 2025 • 5 min read

One Person Arrested Amid Crackdown on CPID and Patched Phone Sellers

In a significant crackdown on the illegal tampering, cloning, and sale of cloned mobile phone IMEIs, the Pakistan Teleco...

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News Update

16

May 2025

May 16, 2025 • 5 min read

IMF Opposes Tax Relief for Salaried Class in FY26 Budget

The International Monetary Fund (IMF) thinks the Federal Board of Revenue (FBR) has proposed too high tax relief for sal...

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