News & Updates

News Update

21

Feb 2025

Feb 21, 2025 • 5 min read

Standard Chartered Pakistan Achieves Historic Milestone with Profit Before Tax Exceeding Rs. 100 Billion

Standard Chartered Bank Pakistan Limited (SCBPL) delivered a record performance with profit before tax of PKR 100.6 bill...

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News Update

21

Feb 2025

Feb 21, 2025 • 5 min read

Delays Increase Islamabad IT Park’s Development Cost By Another Rs. 9.8 Billion

The Islamabad IT Park project under the Ministry of IT & Telecom (MoITT) has faced delays, leading to a cost increase of...

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News Update

21

Feb 2025

Feb 21, 2025 • 5 min read

Inflation in Pakistan Expected to be Around 2-2.5% in February 2025  

Pakistan’s Consumer Price Index (CPI) for February 2025 is expected to clock in at 2.0-2.5 percent year-on year (YoY) an...

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News Update

21

Feb 2025

Feb 21, 2025 • 5 min read

FBR Fixes New Customs Values on Import of Multimedia Projectors

Directorate General of Customs Valuation Karachi has fixed new customs values on the import of 50 different types of Mul...

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News Update

21

Feb 2025

Feb 21, 2025 • 5 min read

Senators Get Huge Increase in Their Salaries

The Senate Standing Committee on Finance and Revenue has approved an increase in the salaries of Senators to Rs. 519,000...

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News Update

21

Feb 2025

Feb 21, 2025 • 5 min read

Pakistan Customs Allegedly Takes Action Against Local for iPhone Smuggling, Ignores Foreign Smuggler

The double standards of Pakistan Customs emerged on registration of First Information Report (FIR) on smuggling of luxur...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

Shocking Number of Pakistanis Went to UAE Despite Visa Ban

Visa restrictions for Pakistanis traveling to the UAE have begun to ease, with 402,000 Pakistanis going to the Gulf coun...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

Aurangzeb Reiterates Govt’s Support for Foreign Investors in Meeting with Asyad Group 

Finance Minister Senator Muhammad Aurangzeb Thursday held a meeting today with Asyad Group. Ghassan Al Amoudi, CEO of As...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

FBR Orders Revenue Officers to Follow Tribunal Guidelines in Withholding Tax Cases

The Federal Board of Revenue (FBR) has directed all Inland Revenue assessing officers to follow the procedural and legal...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

Trinasolar Expands Solar Solutions Tailored to Pakistan’s Energy Landscape

As Pakistan transitions towards renewable energy, Trinasolar, a global leader in smart PV and energy storage, is introdu...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

Kohat Cement Profit Rises 55% in 1HFY25 

Kohat Cement Company Limited (PSX: KOHC) has posted profit after tax (PAT) of Rs. 6.8 billion for 1HFY25.   The company’...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

Power Generation Falls in January 2025 Despite 22% Decline in Fuel Cost

Pakistan’s power generation decreased by 2 percent on a year-on-year (YoY) basis to 8,152 GWh in January 2025, compared...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

Rupee Halts Losing Streak Against US Dollar But Stays Near 280

The Pakistani rupee (PKR) closed in green against the US Dollar (USD) halting its 3-day losing streak today after openin...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

PSX Maintains Bullish Trend, Gains 396 Points 

The 100-Index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 396.72 points, a po...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

Pakistan Approves Tax Exemptions For ICC Champions Trophy 2025

In a significant move, the Economic Coordination Committee (ECC) of the Cabinet convened today in Islamabad, chaired by...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

Govt Prepares Rs. 20 Billion Ramadan Relief Package on PM’s Orders

The federal government is finalizing a Ramzan relief package worth over Rs. 20 billion on the directives of Prime Minist...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

Faysal Bank Unveils Strong Financial Results for FY2024 

Faysal Bank Limited (FBL) continued its success story in 2024, demonstrating strong financial resilience and operational...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

Govt-Run Entities Reported a Huge Loss of Rs. 851 Billion in FY24

Loss-making State-Owned Enterprises (SOEs) recorded total losses of Rs. 851 billion in FY 2023-24, a 14.03 percent reduc...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

Taxing Only Salaried Class is Not The Complete Solution: Finance Minister

Finance Minister Muhammad Aurangzeb on Thursday acknowledged the heavy tax burden on the salaried class and said continu...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

Foreign Investors Repatriate $1.37 Billion Profit Out of Pakistan in 7 Months

The repatriation of profits and dividends from foreign investments in Pakistan increased to $1,317.5 million in July-Jan...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

Islamabad High Court Bars FBR From Taking Strict Action Over Capital Tax Recovery

The Islamabad High Court (IHC) has restrained the Federal Board of Revenue (FBR) from taking any coercive action against...

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