News & Updates

News Update

31

Dec 2024

Dec 31, 2024 • 5 min read

President of Pakistan Approves Higher Bank Tax to Help FBR Collect Rs. 70 Billion

The President of Pakistan promulgated the Income Tax (Amendment) Ordinance 2024 to revise the tax rate structure for ban...

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News Update

31

Dec 2024

Dec 31, 2024 • 5 min read

OGRA Reduces LPG Prices for January 2025 

The Oil and Gas Regulatory Authority (OGRA) has cut the price of indigenous liquefied petroleum gas (LPG) by Rs. 4 per k...

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News Update

31

Dec 2024

Dec 31, 2024 • 5 min read

UBL Arranges $300 Million Loan for Pakistan

United Bank Limited (UBL) has arranged and financed a USD 300 million short-term loan for the Government of Pakistan thr...

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News Update

31

Dec 2024

Dec 31, 2024 • 5 min read

Privatization of 3 Electricity Companies to Be Finalized by End of Fiscal Year

The federal government has tasked a Financial Advisor (FA) with expediting the privatization transaction of three major...

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News Update

30

Dec 2024

Dec 30, 2024 • 5 min read

Pakistani-Dutch Egg Firm Eyes IPO to Raise Rs. 1.2 Billion

Barkat Frisian Agro Ltd, a Pakistani – Dutch Joint Venture Company, is planning an initial public offering next in Janua...

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News Update

30

Dec 2024

Dec 30, 2024 • 5 min read

FBR Rules in Favor of Flavoring Agent Used in Making of Famous Carbonated Drink

The Customs Classification Committee of the Federal Board of Revenue (FBR) has given a ruling in favor of a multinationa...

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News Update

30

Dec 2024

Dec 30, 2024 • 5 min read

Rupee Stable But Closes in Red Against All Major Currencies

The Pakistani rupee (PKR) closed in red against the US Dollar (USD) second day in a row today after opening trade at 279...

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News Update

30

Dec 2024

Dec 30, 2024 • 5 min read

PTA Wins Legal Battle Against FBR Over Rs. 1.37 Billion Advance Tax Payment

The Islamabad High Court (IHC) has ruled in favor of the Pakistan Telecommunication Authority (PTA) in its petition agai...

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News Update

30

Dec 2024

Dec 30, 2024 • 5 min read

Govt Likely to Give Fuel Price Surprise to Public on New Year’s Day

The price of MS petrol is expected to remain unchanged this week due to low demand worldwide and stable import premiums....

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News Update

30

Dec 2024

Dec 30, 2024 • 5 min read

Pakistan’s GDP Posts Growth of Just 0.92% in Q1 FY25: National Accounts Committee

Pakistan posted GDP growth of 0.92 percent in the first quarter of fiscal year 2024-25 (1QFY25), according to the latest...

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News Update

30

Dec 2024

Dec 30, 2024 • 5 min read

PM Shehbaz Set to Announce Uraan Pakistan Tomorrow

Prime Minister Shehbaz Sharif is set to announce the Uraan Pakistan, a transformative initiative designed to spotlight a...

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News Update

30

Dec 2024

Dec 30, 2024 • 5 min read

New Gwadar Airport to Begin Muscat Flights Next Week

Prime Minister Muhammad Shehbaz Sharif on Monday said that the New Gwadar International Airport will bring prosperity to...

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News Update

30

Dec 2024

Dec 30, 2024 • 5 min read

Gold Rate in Pakistan Falls Again, Available at Discount from All-Time High

The price of 24 karat per tola gold decreased by Rs.600 on Monday and was traded at Rs. 272,600 against its sale at Rs....

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News Update

30

Dec 2024

Dec 30, 2024 • 5 min read

Govt Considering Tax Relief Package to Revive Real Estate Sector

The federal government is considering cutting tax rates on the real sector to promote growth in the industry that has be...

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News Update

30

Dec 2024

Dec 30, 2024 • 5 min read

Deadline to Encash Withdrawn Prize Bonds Set to Expire 

Only one day has left to save investments in withdrawn National Prize Bonds of Rs. 7,500, Rs. 15,000, Rs. 25,000, and Rs...

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News Update

30

Dec 2024

Dec 30, 2024 • 5 min read

President Directs Relief of Rs. 24 Million to Bank Fraud Victims 

President Asif Ali Zardari has directed six banks to provide financial relief amounting to Rs. 24.136 million to 31 vict...

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News Update

30

Dec 2024

Dec 30, 2024 • 5 min read

TRG Alerts Stakeholders Against Misleading Information on Social Media

TRG Pakistan Limited (PSX: TRG) on Monday said it has taken note of fake documents with the Company’s logo circulating v...

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News Update

30

Dec 2024

Dec 30, 2024 • 5 min read

Bulls in Control at PSX as KSE-100 Index Gains Nearly 4,000 Points

The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) gained 3,908 points or 3.39 percent on Monday to close...

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News Update

30

Dec 2024

Dec 30, 2024 • 5 min read

Big Bird Foods Limited Repays Rs. 458.54 Million Debt to SAPICO

Big Bird Foods Limited (BBFL) has announced the successful repayment of Rs. 458.54 million in outstanding debt to Saudi...

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News Update

30

Dec 2024

Dec 30, 2024 • 5 min read

Cement Manufacturer Allegedly Involved in Rs. 2.4 Billion Tax Fraud

A prominent cement manufacturer has been allegedly involved in a Rs. 2.4 billion tax fraud through misuse of four export...

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News Update

29

Dec 2024

Dec 29, 2024 • 5 min read

PSX Unveils Guidelines for Stock Splits, High-Priced Shares to Help Manage Liquidity

The Pakistan Stock Exchange (PSX) has rolled out new guidelines for stock splits to help address the challenge of soarin...

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