News & Updates

News Update

29

Dec 2024

Dec 29, 2024 • 5 min read

FBR to Cancel Licences of Customs Agents for Misdeclaration and False Statements

The Federal Board of Revenue (FBR) has decided to cancel the licences of customs clearing agents for violations like mis...

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News Update

29

Dec 2024

Dec 29, 2024 • 5 min read

Govt Reverses Lending Tax on Banks But Hikes Corporate Tax to Collect Rs. 70 Billion

In a recent development, the Federal Cabinet has approved the promulgation of an Income Tax Ordinance to implement chang...

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News Update

29

Dec 2024

Dec 29, 2024 • 5 min read

Govt Saves Rs. 1 Trillion By Renegotiating IPP Contracts

The government has achieved Rs. 1 trillion in savings through renegotiated agreements with Independent Power Producers (...

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News Update

29

Dec 2024

Dec 29, 2024 • 5 min read

FBR to Block Both Current and Savings Accounts of Non-Filers

The Federal Board of Revenue (FBR) will now block the current and savings accounts of non-filers. Sources informed ProPa...

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News Update

29

Dec 2024

Dec 29, 2024 • 5 min read

Losses Under State-Owned Enterprises Spike to Near Rs. 6 Trillion

Pakistan’s state-owned enterprises (SOEs) losses hit a staggering loss of Rs. 408 billion, bringing accumulated losses s...

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News Update

29

Dec 2024

Dec 29, 2024 • 5 min read

Gold Prices Stable in Pakistan After Losses A Day Earlier

The price of 24 karat per tola gold remained unchanged and was sold at Rs. 273,200 on Saturday. The 24-karat gold is cur...

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News Update

29

Dec 2024

Dec 29, 2024 • 5 min read

Here’s the Foreign Currency Limit A Person Can Buy in Pakistan

Exchange Companies are allowed to sell foreign currency to individuals by a maximum of up to $10,000 per day and USD 100...

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News Update

27

Dec 2024

Dec 27, 2024 • 5 min read

InDrive Invests Millions for Strategic Stake in Krave Mart

Mobility services platform inDrive claims to have made a strategic investment in Krave Mart, a leading online grocery de...

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News Update

27

Dec 2024

Dec 27, 2024 • 5 min read

SBP Introduces Collateral and Eligibility Criteria for Monetary Policy Lending Operations

The State Bank of Pakistan (SBP) has introduced enhanced collateral and eligibility criteria for improved monetary polic...

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News Update

27

Dec 2024

Dec 27, 2024 • 5 min read

FBR Takes Action Against Wedding Halls for Failing to Collect Taxes from Customers

The Regional Tax Office 1 (RTO-1) Karachi of the Federal Board of Revenue (FBR) has initiated action against four marria...

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News Update

27

Dec 2024

Dec 27, 2024 • 5 min read

SBP Announces Bank Holiday on January 1

The State Bank of Pakistan (SBP) has declared January 1, 2025 (Wednesday) a bank holiday.  “The State Bank of Pakistan w...

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News Update

27

Dec 2024

Dec 27, 2024 • 5 min read

JS Bank Chair for Sustainable Finance and Fintech Launches Policy Briefs at BNU, Advancing Climate Finance Initiatives

The JS Chair for Sustainable Finance and Fintech at Beaconhouse National University (BNU) hosted the Policy Briefs Launc...

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News Update

27

Dec 2024

Dec 27, 2024 • 5 min read

Rupee Ends Week in Red Against US Dollar After Drop in SBP Reserves

The Pakistani rupee (PKR) closed in red against the US Dollar (USD) today after opening trade at 279 in the interbank ma...

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News Update

27

Dec 2024

Dec 27, 2024 • 5 min read

PPL Commissions Second Exploratory Well in Sujawal District, Sindh

As part of the exploration and development activities in the Shah Bandar JV Block (Block 2467-16), the second explorator...

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News Update

27

Dec 2024

Dec 27, 2024 • 5 min read

Pakistan is Now the Third-Largest Sesame Exporter in the World

Pakistan has emerged as the third-largest sesame exporter globally after reporting annual exports exceeding $1 billion,...

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News Update

27

Dec 2024

Dec 27, 2024 • 5 min read

PM Forms Special Cabinet Committee to Oversee Agricultural Commodities

Prime Minister Shehbaz Sharif has established a special cabinet committee to make key decisions on agricultural commodit...

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News Update

27

Dec 2024

Dec 27, 2024 • 5 min read

Gold Rate in Pakistan Falls, Looks Set to End 2024 Below All-Time High

The price of 24 karat per tola gold decreased by Rs. 800 and was sold at Rs. 273,200 on Friday against its sale at Rs. 2...

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News Update

27

Dec 2024

Dec 27, 2024 • 5 min read

CCP Approves Acquisition of Gallant Energy by Gul Ahmed Holdings

The Competition Commission of Pakistan (CCP) has authorized the acquisition of 100 percent shareholding of Gallant Energ...

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News Update

27

Dec 2024

Dec 27, 2024 • 5 min read

TPL REIT I to Divest From Project C Technology Park

TPL REIT Fund I (PSX: TPLRF1) has decided to divest from Project C- Technology Park, the investment trust informed the m...

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News Update

27

Dec 2024

Dec 27, 2024 • 5 min read

Cabinet Approves Tax Collection on Bank Profits of Additional Rs. 70 Billion

The federal cabinet has approved new revenue enhancement measure whereby authorities will now collect more tax on banks...

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News Update

27

Dec 2024

Dec 27, 2024 • 5 min read

Packages Limited to Inject Rs. 3 Billion into StarchPack

The Board of Directors (BoD) of Packages Limited (PSX: PKGS) has accorded its approval for injection of up to Rs. 3 bill...

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