News & Updates
Stay informed about the latest developments in corporate law, tax regulations, and legal compliance in Pakistan
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...
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...
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 (...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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,...
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...
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...
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...
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...
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...