News & Updates

News Update

12

May 2025

May 12, 2025 • 5 min read

PSW Integrates DRAP Export Services into Digital Platform for Pharma Sector

Pakistan Single Window (PSW) has integrated key export-related services of the Drug Regulatory Authority of Pakistan (DR...

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News Update

12

May 2025

May 12, 2025 • 5 min read

FBR Likely to Double Excise Duty on Energy Drinks in Upcoming Budget

Major changes are expected in the Federal Excise Duty (FED) regime in the next federal budget (2025-26), including the d...

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News Update

12

May 2025

May 12, 2025 • 5 min read

Gold Posts One of Its Biggest-Ever Decreases in Pakistan

The price of 24 karat gold witnessed a decrease of Rs. 10,400 per tola on Monday and was sold at Rs. 340,500 against its...

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News Update

12

May 2025

May 12, 2025 • 5 min read

Govt Eyes Joint Venture for Roosevelt Hotel to Boost Returns

Minister for Defense Khawaja Muhammad Asif informed the National Assembly on Monday that the government is considering r...

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News Update

12

May 2025

May 12, 2025 • 5 min read

Pakistan to Ask IMF to Reduce Super Tax on Industries in FY26 Budget

Pakistan has decided to engage the International Monetary Fund (IMF) in talks to reduce the super tax imposed on major i...

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News Update

12

May 2025

May 12, 2025 • 5 min read

Rupee Recovers from 6-Day Losing Streak Against US Dollar After Ceasefire, IMF News

The Pakistani rupee (PKR) closed in green, reversing its 6-day losing streak against the US Dollar (USD) on Monday. On a...

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News Update

12

May 2025

May 12, 2025 • 5 min read

Pakistan’s Central Govt Debt Edges Close to Rs. 74 Trillion

The total public debt stock of the federal government increased by 12.7 percent on a year-on-year (YoY) basis in March 2...

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News Update

12

May 2025

May 12, 2025 • 5 min read

US and China Announce Dramatic Tariff Reductions, Dropping More than 100%

The United States and China have reached a surprise agreement to significantly reduce tariffs on each other’s goods for...

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News Update

12

May 2025

May 12, 2025 • 5 min read

Sindh High Court Prevents Sale of Clover Pakistan Ltd

The Sindh High Court has restrained the sale of Clover Pakistan Limited (PSX: CLOV) to Sindh Bank Limited, CLOV informed...

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News Update

12

May 2025

May 12, 2025 • 5 min read

CCP Approves Majority Acquisition of Lotte Chemical by AsiaPak and Montage Oil

The Competition Commission of Pakistan (CCP) has approved the acquisition of a majority stake in Lotte Chemical Pakistan...

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News Update

12

May 2025

May 12, 2025 • 5 min read

PSX Stops Trading to Cool Off After First Upside Halt in 2 Years

Trading activity at the Pakistan Stock Exchange (PSX) was temporarily suspended on Monday morning after the main bourse...

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News Update

12

May 2025

May 12, 2025 • 5 min read

PSX Skyrockets By Nearly 10,000 Points After Pakistan Army Humiliates India

A few days after witnessing some of its biggest crashes in recorded history, the Pakistan Stock Exchange (PSX) on Monday...

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News Update

12

May 2025

May 12, 2025 • 5 min read

Telcos Collect Over Rs. 84 Billion in Taxes from Consumers in 9 Months

Mobile service providers in Pakistan collected a total of Rs. 84.24 billion in taxes from consumers between July 2024 an...

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News Update

12

May 2025

May 12, 2025 • 5 min read

PM Shehbaz Orders Tax Relief for Manufacturing, Construction Sectors in FY26 Budget

In preparation for the upcoming budget, Prime Minister Shehbaz Sharif has directed the formulation of significant relief...

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News Update

12

May 2025

May 12, 2025 • 5 min read

NA Passes STZA Amendment Bill to Boost Innovation, Investment in Tech Zones

The National Assembly on Monday passed the Special Technology Zones Authority (Amendment) Bill, 2025 with a majority vot...

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News Update

12

May 2025

May 12, 2025 • 5 min read

Govt Announces Decision to Privatize Utility Stores Corporation 

Despite previous denials and claims of restructuring, the federal government has announced its decision to sell the Util...

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News Update

12

May 2025

May 12, 2025 • 5 min read

APTMA Expects US to Reduce Tariffs on Pakistan’s Exports

The All-Pakistan Textile Mills Association (APTMA) Monday welcomed US President Donald Trump’s statement emphasizing pea...

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News Update

12

May 2025

May 12, 2025 • 5 min read

Famous Housing Society Reverses Development Charges After Protest

Park View City, one of the most well-known private housing societies in Pakistan, has come under fire for using brutal f...

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News Update

12

May 2025

May 12, 2025 • 5 min read

Govt Working on Affordable Housing Finance Policy to Make Homeownership Accessible

Planning Minister Ahsan Iqbal Monday chaired a meeting on affordable housing finance schemes, aimed at addressing the cr...

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News Update

12

May 2025

May 12, 2025 • 5 min read

Trump Claims US Averted Nuclear War Between Pakistan and India, Cites Trade as Key Factor

US President Donald Trump Monday claimed that US involvement played a key role in preventing a potential nuclear conflic...

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News Update

12

May 2025

May 12, 2025 • 5 min read

Govt Proposes 10% Tax Relief for Salaried Class in Upcoming Budget

The federal government has proposed up to a 10 percent cut in income tax rates across different slabs for the salaried c...

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