News & Updates

News Update

13

May 2025

May 13, 2025 • 5 min read

Pakistan, Russia to Establish New Steel Mill in Karachi

Pakistan and Russia on Tuesday agreed to establish a new steel mill in Karachi aimed at enhancing bilateral relations be...

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News Update

13

May 2025

May 13, 2025 • 5 min read

SECP Unveils New System to Allow Financial Sector to Regulate Itself

The Securities and Exchange Commission of Pakistan (SECP) has released a Consultation Paper on Standard Principles for R...

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News Update

13

May 2025

May 13, 2025 • 5 min read

Ministry of Commerce Drafts Textiles and Apparel Policy 2025-30

The Ministry of Commerce has drafted the Textiles and Apparel Policy, 2025-30, aimed at sustaining growth and competitiv...

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News Update

13

May 2025

May 13, 2025 • 5 min read

Sindh CM Orders Action on Transparency International Complaint Over Health Sector Irregularities

Sindh Chief Minister (CM) Syed Murad Ali Shah has instructed further action following a complaint received from Transpar...

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News Update

13

May 2025

May 13, 2025 • 5 min read

FBR Hopes to Recover Rs. 250 Billion Out of Rs. 850 Billion Stuck in Courts

The Federal Board of Revenue (FBR) is hopeful of recovering Rs. 250 billion currently stuck in litigation within the nex...

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News Update

13

May 2025

May 13, 2025 • 5 min read

FBR Plans Higher Tax on Online Buying and Selling Platforms

The Federal Board of Revenue (FBR) has prepared different proposals, including raising withholding taxes on online platf...

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News Update

13

May 2025

May 13, 2025 • 5 min read

IMF Team’s Budget Preparation Visit Delayed, Online Talks to Commence

The International Monetary Fund (IMF) delegation, scheduled to arrive for budget preparation discussions, has not arrive...

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News Update

13

May 2025

May 13, 2025 • 5 min read

3 Listed Companies See Gains Since Announcing Stock Split At PSX

Only three listed companies out of seven have seen a net positive return on their gains at the main bourse since announc...

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News Update

13

May 2025

May 13, 2025 • 5 min read

Buying Continues at PSX After Yesterday’s Record Rally as KSE-100 Nears 119,000 Level

Buying continued at the Pakistan Stock Exchange (PSX) on Tuesday as the benchmark KSE-100 index gained nearly 1,300 poin...

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News Update

13

May 2025

May 13, 2025 • 5 min read

Rupee Closes in Red Against US Dollar Despite Rebounding A Day Earlier

The Pakistani rupee (PKR) closed in red against the US Dollar (USD) on Monday. On a day-on-day (DoD) basis, the interban...

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News Update

13

May 2025

May 13, 2025 • 5 min read

Export-Led Growth is the Only Way Forward for Pakistan: Finance Minister

Federal Minister for Finance and Revenue Muhammad Aurangzeb met today with a group of leading exporters and businessmen...

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News Update

13

May 2025

May 13, 2025 • 5 min read

CCP Imposes Rs. 40 Million Penalty on Al-Ghazi Tractors Over False Fuel Saving Claim

The Competition Commission of Pakistan (CCP) has imposed a penalty of Rs. 40 million on Al-Ghazi Tractors Limited (AGTL)...

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News Update

13

May 2025

May 13, 2025 • 5 min read

Tax Tribunal Orders State-Owned Companies to Drop Cases And Approach FBR for Settlements

Appellate Tribunal Inland Revenue Islamabad has directed three leading State-Owned Enterprises (SOEs) to withdraw their...

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News Update

13

May 2025

May 13, 2025 • 5 min read

PM Calls for Reducing Tax Burden on Common Man by Broadening Tax Net

Prime Minister Shehbaz Sharif on Tuesday calling for measures to broaden the tax net, directed the authorities concerned...

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News Update

13

May 2025

May 13, 2025 • 5 min read

Govt Planning Upcoming Budget At Rs. 290/$

The federal government has fixed the exchange rate at Rs. 290 per US dollar for the 2025-26 federal budget. Authorities...

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News Update

13

May 2025

May 13, 2025 • 5 min read

Gold Rate Rebounds After Yesterday’s Rs. 10,000 Per Tola Decrease

The price of 24 karat per tola gold witnessed an increase of Rs. 3,700 on Tuesday and was sold at Rs. 344,200 against it...

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News Update

13

May 2025

May 13, 2025 • 5 min read

Lucky Core Industries Plans to Sub-Divide Shares

Lucky Core Industries Limited (PSX: LCI) has announced plans to sub-divide the face value of its ordinary shares in a mo...

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News Update

13

May 2025

May 13, 2025 • 5 min read

Finance Minister Sees No Extra Burden in Next Budget Due to Conflict With India

Pakistan’s latest military dogfight with India is not expected to put any pressure on the 2025-26 budget, Finance Minist...

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News Update

12

May 2025

May 12, 2025 • 5 min read

PSX Posts Highest-Ever Single-Day Gain of Over 10,000 Points Following Ceasefire

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) posted its highest-ever single-day gain of over 10,000...

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News Update

12

May 2025

May 12, 2025 • 5 min read

Stock Price of JF-17, J-10C Maker Up 63% But Indian Rafale Shares Continue to Suffer

The shares of Chengdu Aircraft Corporation (CAC) at Shenzhen Stock Exchange (SZSE) jumped by CNY 36 in one week since ne...

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News Update

12

May 2025

May 12, 2025 • 5 min read

Pakistan to Start Exporting Mangoes in Last Week of May

The government has announced that mango exports for the 2025 season will begin on May 25, following consultations with t...

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