News Update

26

Dec 2024

Dec 26, 2024 • 5 min read

Govt Collected Rs. 808 Billion as Petroleum Levy in First 9 Months of 2024

The federal government has collected over Rs. 800 billion through the petroleum levy from January 2024 till September 20...

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News Update

26

Dec 2024

Dec 26, 2024 • 5 min read

Govt Refuses to Share Taxpayers’ Data With Provinces

The federal government has declined to share taxpayers’ income tax returns with provincial authorities. This is due to c...

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News Update

25

Dec 2024

Dec 25, 2024 • 5 min read

Pakistan’s Inflation Rate For December Likely to Drop to New 6.5-Year Low

Following a 4.9 percent reading in November 2024, the CPI is expected to drop to 4.0 percent in December 2024, marking a...

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News Update

25

Dec 2024

Dec 25, 2024 • 5 min read

Govt Raises Rs. 913 Billion Via Treasury Bills

The cut-off yields on Treasury Bills (T-Bills) were up by up to 22 basis points in the auction of the paper held on Tues...

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News Update

25

Dec 2024

Dec 25, 2024 • 5 min read

BoD Appointed Muhammad Irfan-ul-Haq as CEO of ZIL Limited

ZIL Limited, a trusted name in beauty and personal care for decades, is dedicated to delivering high-quality products th...

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News Update

25

Dec 2024

Dec 25, 2024 • 5 min read

Sindh Govt In Talks With Chinese Giant to Set Up Bus Assembly Plant in Karachi

The Sindh Government has been in talks with the Chinese giant Yutong to set up an assembly plant on a joint-venture basi...

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News Update

25

Dec 2024

Dec 25, 2024 • 5 min read

Utility Stores Corporation Raises Minimum Wage for Its Daily Wage Workers

The Utility Stores Corporation (USC) has increased the minimum monthly salary of its daily wage employees to Rs. 37,000....

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News Update

25

Dec 2024

Dec 25, 2024 • 5 min read

OGRA Approves SNGPL Request for Rs. 8.5 Billion in Recoverable Finance Costs

In a positive development, the Oil and Gas Regulatory Authority (OGRA) has allowed 88 percent of the requested finance c...

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News Update

25

Dec 2024

Dec 25, 2024 • 5 min read

NEPRA Exempts Foreign-Funded Renewable Energy Projects From Procurement Rules

The National Electric Power Regulatory Authority (Nepra) has amended its regulations to exempt renewable energy projects...

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News Update

24

Dec 2024

Dec 24, 2024 • 5 min read

FBR Eyes Increasing Tax on Bank Profits to Avoid Rs. 550 Billion Shortfall

The Federal Board of Revenue (FBR) is considering a proposal to increase taxes on bank profits to avoid a Rs. 550 billio...

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News Update

24

Dec 2024

Dec 24, 2024 • 5 min read

Cabinet Fails to Approve Phase-II of Rightsizing After Ministers Reject Key Recommendations

The federal cabinet under the leadership of Prime Minister Shahbaz Sharif failed to approve Phase-II of the rightsizing...

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News Update

24

Dec 2024

Dec 24, 2024 • 5 min read

Pakistan Borrowed 38% Fewer Loans in 5 Months of FY25 Than Last Year

Pakistan borrowed $2.667 billion from multiple financing sources during the first five months (July-November) of the cur...

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News Update

24

Dec 2024

Dec 24, 2024 • 5 min read

Donald Trump’s Envoy for Special Missions Asks Elon Musk to Bring Starlink to Pakistan

US President-elect Donald Trump’s pick for presidential envoy for special missions Richard Grenell has asked X owner Elo...

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News Update

24

Dec 2024

Dec 24, 2024 • 5 min read

Thatta Cement Acquires 26% Additional Stake in its Power Subsidiary

Thatta Cement Company Limited (PSX: THCCL) has acquired a 26 percent additional stake in Thatta Power (Private) Limited,...

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News Update

24

Dec 2024

Dec 24, 2024 • 5 min read

OGDC Resumes Hydrocarbon Production After Reviving Dars Well in Sindh

Oil & Gas Development Company Limited (OGDCL) has announced the successful revival of Dars West-2 Well, achieving hydroc...

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News Update

24

Dec 2024

Dec 24, 2024 • 5 min read

Rupee Ends Losing Streak Against US Dollar, Euro, British Pound, AUD

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

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News Update

24

Dec 2024

Dec 24, 2024 • 5 min read

Engro Fertilizers Limited Resumes Production At EnVen Plant

Engro Fertilizers Limited (PSX: EFERT has resumed operations today at its EnVen Plant, the company informed the main bou...

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News Update

24

Dec 2024

Dec 24, 2024 • 5 min read

Elon Musk’s Starlink Has Applied for License to Operate in Pakistan: IT Minister

State Minister for Information Technology and Telecommunication, Shaza Fatima Khawaja, informed the National Assembly th...

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News Update

24

Dec 2024

Dec 24, 2024 • 5 min read

Profit-Taking Returns to PSX as KSE-100 Index Falls by Over 1,500 Points

A day after the record 4,411 points gain, the benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) declined by o...

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News Update

24

Dec 2024

Dec 24, 2024 • 5 min read

FBR Introduces New Password Policy for Improved Security

The Federal Board of Revenue (FBR) has changed the password policy and introduced new measures to protect taxpayers’ cre...

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News Update

24

Dec 2024

Dec 24, 2024 • 5 min read

PPL Partner Operated JV Discovers Gas Reserves in Sindh

Kotri North Joint Venture comprising United Energy Pakistan Limited (Operator with 50% working interest) along with Paki...

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News & Updates

Govt Collected Rs. 808 Billion as Petroleum Levy in First 9 Months of 2024

Govt Refuses to Share Taxpayers’ Data With Provinces

Pakistan’s Inflation Rate For December Likely to Drop to New 6.5-Year Low

Govt Raises Rs. 913 Billion Via Treasury Bills

BoD Appointed Muhammad Irfan-ul-Haq as CEO of ZIL Limited

Sindh Govt In Talks With Chinese Giant to Set Up Bus Assembly Plant in Karachi

Utility Stores Corporation Raises Minimum Wage for Its Daily Wage Workers

OGRA Approves SNGPL Request for Rs. 8.5 Billion in Recoverable Finance Costs

NEPRA Exempts Foreign-Funded Renewable Energy Projects From Procurement Rules

FBR Eyes Increasing Tax on Bank Profits to Avoid Rs. 550 Billion Shortfall

Cabinet Fails to Approve Phase-II of Rightsizing After Ministers Reject Key Recommendations

Pakistan Borrowed 38% Fewer Loans in 5 Months of FY25 Than Last Year

Donald Trump’s Envoy for Special Missions Asks Elon Musk to Bring Starlink to Pakistan

Thatta Cement Acquires 26% Additional Stake in its Power Subsidiary

OGDC Resumes Hydrocarbon Production After Reviving Dars Well in Sindh

Rupee Ends Losing Streak Against US Dollar, Euro, British Pound, AUD

Engro Fertilizers Limited Resumes Production At EnVen Plant

Elon Musk’s Starlink Has Applied for License to Operate in Pakistan: IT Minister

Profit-Taking Returns to PSX as KSE-100 Index Falls by Over 1,500 Points

FBR Introduces New Password Policy for Improved Security

PPL Partner Operated JV Discovers Gas Reserves in Sindh

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