News & Updates

News Update

12

May 2025

May 12, 2025 • 5 min read

Pakistan’s Dollar Bonds Improve After Ceasefire, IMF Nod

Pakistan’s sovereign bonds surged on Monday after the weekend’s ceasefire agreement with India that helped calm investor...

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News Update

11

May 2025

May 11, 2025 • 5 min read

PSX, Rupee to See Positive Rally Tomorrow

Pakistan Stock Exchange (PSX) and the rupee (PKR) are expected to rally tomorrow following a surprise ceasefire agreemen...

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News Update

11

May 2025

May 11, 2025 • 5 min read

IMF Demands Pakistan to Cut Spending Instead of Raising Taxes in FY26 Budget

The International Monetary Fund has increased Pakistan’s primary budget surplus target to 1.6 percent of GDP for FY2025-...

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News Update

11

May 2025

May 11, 2025 • 5 min read

FBR Appoints Over 50 Tax Officers to Monitor Production and Sales At 21 Beverage Companies

The Federal Board of Revenue has posted more than 50 officials in 21 beverage manufacturing units to monitor production,...

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News Update

09

May 2025

May 09, 2025 • 5 min read

Govt to Cut Import Duties on Semi-Finished, Finished Goods in FY26 Budget

The overall import duty structure on semi-finished and finished goods would be reduced, including a cut in the import ta...

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News Update

09

May 2025

May 09, 2025 • 5 min read

PSX Gains Over 3,600 Points as Investors Bet on IMF Meeting and Diplomatic Efforts

A day after registering its worst ever day in history, the Pakistan Stock Exchange (PSX) was all green on Friday, gainin...

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News Update

09

May 2025

May 09, 2025 • 5 min read

CCP Approves Stylo’s Merger with Eight Sister Companies

The Competition Commission of Pakistan (CCP) has granted approval for the proposed merger of eight single-member retail...

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News Update

09

May 2025

May 09, 2025 • 5 min read

Pakistan is Open for Business: Finance Minister

Finance Minister Muhammad Aurangzeb has said that Pakistan is not just reforming, it is transforming, and “it is open fo...

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News Update

09

May 2025

May 09, 2025 • 5 min read

Rs. 450 Billion Tax Evasion in Poultry and Tobacco Sectors: FBR Chairman

The Chairman of the Federal Board of Revenue (FBR) revealed staggering tax evasion in the poultry and tobacco sectors du...

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News Update

09

May 2025

May 09, 2025 • 5 min read

IMF Board to Vote on Releasing $2.3 Billion to Pakistan Today

The IMF Executive Board will meet today to approve Pakistan’s First Review under the $7 billion Extended Fund Facility (...

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News Update

09

May 2025

May 09, 2025 • 5 min read

Remittances Sent by Overseas Pakistanis Cross $31 Billion in 10 Months

Remittances sent by overseas Pakistanis increased by 13 percent year-on-year (YoY) to $3.18 billion during April 2025 co...

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News Update

09

May 2025

May 09, 2025 • 5 min read

FBR Website Hacked by India – Here’s the Truth

Government sources in Pakistan have rejected claims made by an Indian group that it hacked the Federal Board of Revenue...

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News Update

09

May 2025

May 09, 2025 • 5 min read

Mari Energies Ltd Discovers More Gas in Sindh

Mari Energies Limited (PSX: MARI) has discovered gas at Soho-1 exploratory well drilled in the Sujawal Block, Sujawal Di...

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News Update

09

May 2025

May 09, 2025 • 5 min read

Malik Bostan Offers $1 Billion Per Month to Govt in Case of War With India

Pakistan’s currency market remains stable despite tensions with India. Foreign exchange companies are supplying $25 mill...

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News Update

09

May 2025

May 09, 2025 • 5 min read

Govt Hints at Relief for Steel Industry in Upcoming Budget

Special Assistant to the Prime Minister (SAPM) on Industries and Production Haroon Akhtar Khan on Friday held a meeting...

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News Update

09

May 2025

May 09, 2025 • 5 min read

Gold Price in Pakistan Falls for Second Straight Day but Still Above Rs. 350,000 Per Tola

The price of 24 karat gold witnessed a decrease of Rs. 1,800 per tola on Friday and was sold at Rs. 350,900 against its...

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News Update

09

May 2025

May 09, 2025 • 5 min read

Govt Officially Reveals FY26 Budget Date

The federal government will present the FY2025-26 budget on June 2, a few days before Eid Ul Azha, Planning Minister Ahs...

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News Update

09

May 2025

May 09, 2025 • 5 min read

Sindh Orders Action Against Restaurants Not Accepting Card Payments

The Sindh government has taken a strict stance against restaurants and other commercial outlets that refuse to accept de...

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News Update

09

May 2025

May 09, 2025 • 5 min read

Pakistan’s Economic Affairs Ministry Says X Account Was Hacked

Pakistan’s Ministry of Economic Affairs said on Friday that its official X (formerly Twitter) account had been hacked af...

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News Update

09

May 2025

May 09, 2025 • 5 min read

FBR Will Pay Rs. 500,000 to Chairman ADRC in Tax Cases Over Rs. 50 Million

The Federal Board of Revenue (FBR) will pay Rs. 500,000 as one-time remuneration to the Chairman of the Alternative Disp...

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News Update

09

May 2025

May 09, 2025 • 5 min read

Rupee Falls Near 282 Against US Dollar After 6th Consecutive Drop

The Pakistani rupee (PKR) closed in red for the 6th day in a row against the US Dollar (USD) on Friday. On a day-on-day...

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