News & Updates

News Update

06

May 2025

May 06, 2025 • 5 min read

Rupee Down 3rd Consecutive Day Against US Dollar After SBP Rate Cut

The Pakistani rupee (PKR) closed in red third day in a row against the US Dollar (USD) today after opening trade at 282...

Read Full Article

News Update

06

May 2025

May 06, 2025 • 5 min read

Local Automakers Discuss Tariff Rates with Govt Ahead of Budget

Special Assistant to Prime Minister on Industries and Production Haroon Akhtar Khan on Tuesday reaffirmed the government...

Read Full Article

News Update

06

May 2025

May 06, 2025 • 5 min read

Committee Formed to Review Proposed Amendments in Govt Accommodation Allotment Rules

The federal government has constituted a three-member committee to review proposed amendments in draft Accommodation All...

Read Full Article

News Update

06

May 2025

May 06, 2025 • 5 min read

BankIslami Acquires Pakistan’s Tallest Bank Building in Karachi

BankIslami Pakistan Limited (PSX: BIPL) has acquired a 32-storey commercial building in Karachi to use as its office pre...

Read Full Article

News Update

06

May 2025

May 06, 2025 • 5 min read

Fuel Pumps Are Selling Cheap and Toxic Diesel to Public at Official Price

The Oil Marketing Association of Pakistan (OMAP) has raised alarm over what it terms the “supply of substandard High-Spe...

Read Full Article

News Update

06

May 2025

May 06, 2025 • 5 min read

FBR Chairman Says Tax Relief to Industry Creates Revenue Shortfall And Wants Someone to Pay for It

Various industrial sectors presented their budget proposals during a Senate Standing Committee on Finance meeting, chair...

Read Full Article

News Update

06

May 2025

May 06, 2025 • 5 min read

SECP Approves Reforms to Electronic Mortgage Register

As part of its ongoing commitment to digital transformation, financial transparency and the ease of doing business, the...

Read Full Article

News Update

06

May 2025

May 06, 2025 • 5 min read

Tribunal Reserves Verdict on CCP Penalty Against ICAP in Price Fixing Case

The Competition Appellate Tribunal (CAT) has reserved its verdict in a case filed by the Institute of Chartered Accounta...

Read Full Article

News Update

06

May 2025

May 06, 2025 • 5 min read

India to Suffer Heavier Air Fares As Top Global Airlines Avoid Pakistani Airspace

Air France, Germany’s Lufthansa, and other major international airlines have stopped flying through Pakistani airspace t...

Read Full Article

News Update

06

May 2025

May 06, 2025 • 5 min read

Bank Alfalah Launches Its Hiring and Remote Working App Worklee

Bank Alfalah, one of Pakistan’s leading commercial banks has launched the country’s first, human resources hiring and re...

Read Full Article

News Update

06

May 2025

May 06, 2025 • 5 min read

Finance Minister Off to UK for Big Investment Meetings With British Officials

Federal Minister for Finance and Revenue Muhammad Aurangzeb has departed for London on a three-day visit. During his sta...

Read Full Article

News Update

05

May 2025

May 05, 2025 • 5 min read

Oil Refineries in Pakistan Set for Multi-Billion-Dollar Plant Upgrades

Federal Minister for Finance and Senator Muhammad Aurangzeb held a meeting today with a delegation comprising Chief Exec...

Read Full Article

News Update

05

May 2025

May 05, 2025 • 5 min read

Stock Brokers Want Rationalization of Tax Rates for Listed Companies in Upcoming Budget

The Pakistan Stock Brokers Association (PSBA) was invited by the Senate Standing Committee on Finance and Revenue to par...

Read Full Article

News Update

05

May 2025

May 05, 2025 • 5 min read

ECC Approves Rs. 24.5 Billion for Solarization of Agri Tubewells in Balochistan

A meeting of the Economic Coordination Committee (ECC) of the Cabinet was held today under the chairmanship of Federal M...

Read Full Article

News Update

05

May 2025

May 05, 2025 • 5 min read

Tit for Tat: Pakistan Bans Transit Trade With India

Pakistan has imposed a ban on transit trade with India. The Ministry of Commerce has issued a Statutory Regulatory Order...

Read Full Article

News Update

05

May 2025

May 05, 2025 • 5 min read

PTA Will Now Take Legal Action Against Sellers and Users of CPID and Patched Phones

The Pakistan Telecommunication Authority (PTA) has issued a public notice warning against the use and sale of unregister...

Read Full Article

News Update

05

May 2025

May 05, 2025 • 5 min read

SBP Cuts Key Interest Rate by 1%

The State Bank of Pakistan (SBP) announced on Monday that it has decreased the interest rate by 100 basis points to 11 p...

Read Full Article

News Update

05

May 2025

May 05, 2025 • 5 min read

PTA Fails to Clear Over 10,000 Mobile Phones for Auction

The auction of over 10,000 seized mobile phones has been delayed due to the Pakistan Telecommunication Authority’s (PTA)...

Read Full Article

News Update

05

May 2025

May 05, 2025 • 5 min read

Science Ministry Eliminates Over 200 Jobs At 2 Key Departments

The Ministry of Science and Technology has eliminated 201 posts from two of its key departments under the federal govern...

Read Full Article

News Update

05

May 2025

May 05, 2025 • 5 min read

Finance Ministry Explains New Powers Given to Taxmen to Recover Taxes  

The Ministry of Finance Monday issued a statement on the recently promulgated the Tax Laws (Amendment) Ordinance, 2025....

Read Full Article

News Update

05

May 2025

May 05, 2025 • 5 min read

Govt May Impose Income Tax on Higher Pensions Under IMF Demand

The federal government is planning to introduce a small income tax on higher pensions in the upcoming financial year’s b...

Read Full Article