News & Updates

News Update

20

Apr 2025

Apr 20, 2025 • 5 min read

Competition Appellate Tribunal Upholds CCP Penalty on Karachi Nimco

The Competition Appellate Tribunal (CAT) has dismissed the appeal filed by M/s Karachi Nimco, upholding the order of the...

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News Update

18

Apr 2025

Apr 18, 2025 • 5 min read

FBR Ends Tax Officers’ Weekly Holiday to Achieve FY25 Tax Collection Target

The Federal Board of Revenue (FBR) has directed all field formations to take proactive enforcement measures to meet the...

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News Update

18

Apr 2025

Apr 18, 2025 • 5 min read

Global Economy Likely to Avoid Recession Despite Tariffs: IMF Chief

The global economy is likely to avoid a recession despite the hit to growth from US President Donald Trump’s tariff roll...

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News Update

18

Apr 2025

Apr 18, 2025 • 5 min read

FBR Revises Sales Tax De-registration Process

The Federal Board of Revenue (FBR) will not give any input tax adjustment or refund to the registered persons, who would...

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News Update

18

Apr 2025

Apr 18, 2025 • 5 min read

FBR Extends Sales Tax, Federal Excise Returns Deadline

The Federal Board of Revenue (FBR) has extended the date of submission of Sales Tax and Federal Excise Return for the ta...

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News Update

18

Apr 2025

Apr 18, 2025 • 5 min read

CCP Urges Govt to End Preferential Treatment of SOEs and Open Reinsurance Market

The Competition Commission of Pakistan (CCP) has strongly recommended that the government’s support to the State Owned E...

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News Update

18

Apr 2025

Apr 18, 2025 • 5 min read

NEPRA Member (Tariff and Finance) Resigns

In a surprise development that could cast uncertainty over upcoming energy sector decisions, National Electric Power Reg...

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News Update

18

Apr 2025

Apr 18, 2025 • 5 min read

Serious Flour Shortage Crisis Looms Due to Govt’s New Wheat Procurement Policy

President of the Faisalabad Chamber of Small Traders and Industries Chaudhry Shafiq Anjum has strongly objected to the g...

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News Update

18

Apr 2025

Apr 18, 2025 • 5 min read

Positive Triggers See PSX Gain Over 400 Points

The 100-Index of the Pakistan Stock Exchange (PSX) gaining 414 points on Friday, a positive change of 0.35 percent, clos...

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News Update

18

Apr 2025

Apr 18, 2025 • 5 min read

Islamabad Airport Cargo Charges Spike to Highest Level Since 2021

Islamabad International Airport recorded a sharp increase in cargo throughput charges in March 2025, clocking in at Rs....

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News Update

18

Apr 2025

Apr 18, 2025 • 5 min read

Windscreen Prices in Islamabad and Rawalpindi Record Shocking Increase After Destructive Hailstorm

A sudden hailstorm that swept through Islamabad and Rawalpindi earlier this week has caused significant damage to vehicl...

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News Update

18

Apr 2025

Apr 18, 2025 • 5 min read

90% Medicines Available in Local Market Manufactured Domestically

A high-level delegation from the Pakistan Pharmaceutical Manufacturers Association (PPMA), led by its chairman, met with...

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News Update

18

Apr 2025

Apr 18, 2025 • 5 min read

SECP Registers Over 500 IT, E-Commerce Companies in March 2025

The Securities and Exchange Commission of Pakistan (SECP) registered a total of 2,757 new companies in March 2025, bring...

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News Update

18

Apr 2025

Apr 18, 2025 • 5 min read

NAB Recovers 204 Kanal Land Allegedly Transferred Illegally to Bahria Town

The National Accountability Bureau (NAB) has successfully recovered over 204 kanals of land that were allegedly transfer...

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News Update

18

Apr 2025

Apr 18, 2025 • 5 min read

PM Shehbaz Launches Performance Management System at FBR

Prime Minister Shehbaz Sharif on Friday called upon the Federal Board of Revenue (FBR) officers to work with unwavering...

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News Update

18

Apr 2025

Apr 18, 2025 • 5 min read

Solar Panel and Battery Prices Reportedly Decrease Massively Across Pakistan

The prices of UPS batteries and solar equipment have reportedly seen a considerable decline across Pakistan during April...

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News Update

18

Apr 2025

Apr 18, 2025 • 5 min read

Rupee Again Ends Week With Losses Against All Big Currencies

The Pakistani rupee (PKR) closed in red second day in a row against the US Dollar (USD) today after opening trade at 280...

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News Update

18

Apr 2025

Apr 18, 2025 • 5 min read

Pakistan’s Defence Sector Faces Serious Shortage of Jet Fuel as Supply Crisis Hits Local Refineries

Jet fuel supplies to the defence sector have been disrupted as domestic oil refineries delivered only 58 percent of thei...

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News Update

18

Apr 2025

Apr 18, 2025 • 5 min read

PIA Finally Pays Rs. 10 Million Fine for Overcharging Hajj Fares in 2008

The Competition Commission of Pakistan (CCP) has recovered a long-standing penalty of Rs. 10 million from Pakistan Inter...

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News Update

18

Apr 2025

Apr 18, 2025 • 5 min read

Gold Rate in Pakistan Falls, But It’s Still Up Over Rs. 9,000 Per Tola This Week

Gold prices in Pakistan dropped on Friday, with the rate for 24-karat gold falling by Rs. 300 to Rs. 349,700 per tola. I...

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News Update

17

Apr 2025

Apr 17, 2025 • 5 min read

Over 50% PSX Listed Companies Are Shariah-Compliant

Pakistan Stock Exchange (PSX) had the honor of welcoming a distinguished delegation of Malaysian Shariah Scholars and pr...

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