News & Updates

News Update

27

Apr 2025

Apr 27, 2025 • 5 min read

Tax Chamber Warns FBR’s Latest Transformation Plan is More Chaotic And Corruption-Prone

A tax advisory chamber, Friends of Pakistan, has expressed serious concerns over the ongoing transformation initiatives...

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News Update

27

Apr 2025

Apr 27, 2025 • 5 min read

SBP Governor Assures Global Rating Agencies of Pakistan’s Economic Turnaround

Governor of the State Bank of Pakistan, Jameel Ahmad, reaffirmed Pakistan’s improving macroeconomic stability and outloo...

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News Update

27

Apr 2025

Apr 27, 2025 • 5 min read

Pakistan’s IT Exports Set to Hit $4 Billion in FY25

Muhammad Umair Nizam, Senior Vice Chairman of Pakistan Software Houses Association (P@SHA), has apprised that informatio...

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News Update

27

Apr 2025

Apr 27, 2025 • 5 min read

Pakistan Among the Top Countries Globally in Crypto Adoption: Finance Ministry

Pakistan ranks among the top in global crypto adoption, with an estimated $300 billion in annual crypto transactions and...

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News Update

25

Apr 2025

Apr 25, 2025 • 5 min read

Commerce Ministry Seeks Cabinet Approval to Ban Trade With India

The Ministry of Commerce is preparing to send a summary to the federal cabinet seeking formal approval to suspend all re...

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News Update

25

Apr 2025

Apr 25, 2025 • 5 min read

SECP Establishes Dedicated Facilitation Desk for Section 42 Licensing Applications

In line with its commitment to regulatory facilitation, ease of doing business, and market development, the Securities a...

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News Update

25

Apr 2025

Apr 25, 2025 • 5 min read

Pakistan Showcases Stability, Eyes Panda Bond and Market Reentry at IMF-WB Spring Meetings

Finance Minister Muhammad Aurangzeb concluded the fourth day of his visit to Washington, D.C., for the Spring Meetings o...

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News Update

25

Apr 2025

Apr 25, 2025 • 5 min read

Pakistan Suffers $2 Billion Loss Per Year From Climate Disaster Events: ADB

As one of the region’s most climate-vulnerable countries, Pakistan suffers average losses from disaster events exceeding...

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News Update

25

Apr 2025

Apr 25, 2025 • 5 min read

Late-Session Recovery Sees PSX Gain 450 Points

The 100-Index of the Pakistan Stock Exchange (PSX) gained 449 points on Friday, a positive change of 0.39 percent, to cl...

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News Update

25

Apr 2025

Apr 25, 2025 • 5 min read

Customs Seize E-Cigarettes, Vape Flavors Worth Rs. 140 Million at Karachi Port

Pakistan Customs has successfully prevented the smuggling of high-value goods worth Rs. 140 million at Karachi’s Qasim I...

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News Update

25

Apr 2025

Apr 25, 2025 • 5 min read

Mutual Fund Assets Surge to Rs. 3.82 Trillion as Investor Interest Soars

Asset Management Companies (AMCs) through their mutual funds continue to attract investment from individuals and institu...

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News Update

25

Apr 2025

Apr 25, 2025 • 5 min read

Japan Makes World’s First Solar Panel That Isn’t Flat

For years, solar panels have adhered to a familiar design—flat, fixed structures built to face the sun directly. But as...

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News Update

25

Apr 2025

Apr 25, 2025 • 5 min read

Sindh High Court Stops FBR From Taking Action Against Nomi Ansari in Tax Fraud Case

The Sindh High Court (SHC) on Thursday stopped the Federal Board of Revenue (FBR) from suing fashion designer Nomi Ansar...

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News Update

25

Apr 2025

Apr 25, 2025 • 5 min read

New Customs Values Announced for iPhones

The Directorate General of Customs Valuation, Karachi, has fixed new customs values on the import of 187 different types...

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News Update

25

Apr 2025

Apr 25, 2025 • 5 min read

Govt Misses Wheat Production Target for Rabi Season 2024-25

Pakistan has missed its wheat production target for the Rabi season 2024–25, with output estimated at 28.42 million tons...

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News Update

25

Apr 2025

Apr 25, 2025 • 5 min read

Indian Airlines to Lose $500 Million Per Month Due to Pakistan Airspace Ban

Indian airlines are expected to incur losses up to $500 million per month after Pakistan closed its airspace to Indian-o...

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News Update

25

Apr 2025

Apr 25, 2025 • 5 min read

HBL’s Q1’25 Profit Before Tax at Rs 36.6 billion, Up 22% YoY, While Serving Clients Better

HBL today declared a record profit before tax of Rs 36.6 billion for the quarter ended March 31, 2025, 22% higher than i...

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News Update

25

Apr 2025

Apr 25, 2025 • 5 min read

IPAK Reports Profit of Rs. 635 Million in 9 Months

International Packaging Films Limited (IPAK) Group has posted a consolidated profit after tax of Rs. 634.9 million for t...

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News Update

25

Apr 2025

Apr 25, 2025 • 5 min read

BankIslami Offers Lowest Home Financing at 1-Year KIBOR + 1%

In an effort to make homeownership more accessible to Pakistanis, BankIslami is offering a lowest financing solution at...

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News Update

25

Apr 2025

Apr 25, 2025 • 5 min read

CDA Caught Using Fake Flowers To Impress International Guests

The National Assembly Standing Committee on Climate Change raised concerns over the Capital Development Authority’s (CDA...

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News Update

25

Apr 2025

Apr 25, 2025 • 5 min read

Gold Price Drops Below Rs. 350,000 Per Tola After Hitting Record High Earlier in the Week

The price of 24 karat gold witnessed decrease of Rs. 3,300 per tola and was sold at Rs. 348,700 on Friday against its sa...

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