News & Updates

News Update

18

Dec 2024

Dec 18, 2024 • 5 min read

ECC Approves Restructuring Plan for Pakistan Revenue Automation Limited

Federal Minister for Finance Senator Muhammad Aurangzeb chaired a meeting of the Economic Coordination Committee (ECC) o...

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News Update

18

Dec 2024

Dec 18, 2024 • 5 min read

IMF’s Condition to Impose Income Tax on Agricultural Income is Not Beginning Next Month

The implementation of the IMF’s condition to impose income tax on agricultural income will not begin in January. Provinc...

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News Update

18

Dec 2024

Dec 18, 2024 • 5 min read

Pakistan’s Textile Exports Surge 10% in 5MFY25 

The country’s textile group exports increased by 10.51 percent in first five months (July-November) of the current fisca...

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News Update

18

Dec 2024

Dec 18, 2024 • 5 min read

Rupee Stages Comeback Against US Dollar After Two-Day Losing Streak 

After losing ground against the US dollar (USD) in the first two days of the current week, the Pakistani rupee (PKR) sta...

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News Update

18

Dec 2024

Dec 18, 2024 • 5 min read

OGRA Recommends 26% Increase in Gas Prices

The Oil and Gas Regulatory Authority (Ogra) has recommended the federal government increase gas prices by up to 26 perce...

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News Update

18

Dec 2024

Dec 18, 2024 • 5 min read

State Bank Launches New eCIB System 

The State Bank of Pakistan (SBP) has launched the new eCIB System (V2), an advanced version of its Electronic Credit Inf...

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News Update

18

Dec 2024

Dec 18, 2024 • 5 min read

Pakistan Housing Authority Board Approves Key Housing Policies 

The 58th Board of Directors meeting of the Pakistan Housing Authority (PHA) Foundation, chaired by Federal Minister for...

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News Update

18

Dec 2024

Dec 18, 2024 • 5 min read

P&G Pakistan, Imtiaz Group, and Akhuwat Islamic Microfinance Join Forces to Empower Women Micropreneurs with Interest-Free Loans

P&G Pakistan, Imtiaz Group – Pakistan’s largest retailer and Akhuwat Islamic Microfinance, a leading not-for-profit orga...

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News Update

18

Dec 2024

Dec 18, 2024 • 5 min read

Electricity Generation in Pakistan Falls by 4% in 5MFY25 

Despite an uptick in November 2024, electricity generation in Pakistan during the first five months (July-Nov) of the cu...

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News Update

18

Dec 2024

Dec 18, 2024 • 5 min read

FBR to Ban Purchase of Cars, Property and Bank Transactions for Non-Filers

The government is preparing to further tighten restrictions on non-filers. Non-filers will be prohibited from purchasing...

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News Update

18

Dec 2024

Dec 18, 2024 • 5 min read

Federal Govt’s Karachi Port Planning to Award Contract to Company of Choice

In a blatant affront to the Shehbaz Sharif government’s proclaimed commitment to transparency and its efforts to positio...

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News Update

17

Dec 2024

Dec 17, 2024 • 5 min read

IT Experts Call for National Data Exchange Layer to Boost Pakistan’s Digital Economy

Stakeholders in the IT industry, including exporters, academia, and policymakers, have recommended the establishment of...

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News Update

17

Dec 2024

Dec 17, 2024 • 5 min read

Solar Panel Schemes by Punjab, Sindh and KP Leave Policymakers Puzzled

The widespread adoption of solar panels across Pakistan, coupled with provincial government initiatives to provide free...

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News Update

17

Dec 2024

Dec 17, 2024 • 5 min read

Pakistan Signs $9.9 Million Grant Deal with Japan to Aid Flood Victims in KP

A signing ceremony for the Grant Agreement, Exchange of Notes, and Record of Discussion between the governments of Pakis...

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News Update

17

Dec 2024

Dec 17, 2024 • 5 min read

Foreign Direct Investment in Pakistan up 27% in November 2024

The net Foreign Direct Investment (FDI) in the country stood at $219 million in November 2024, up 27 percent over the FD...

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News Update

17

Dec 2024

Dec 17, 2024 • 5 min read

LESCO Recovers Billions from Chronic Defaulters

The Lahore Electric Supply Company (Lesco) has successfully recovered Rs. 3.81 billion from 128,395 chronic defaulters i...

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News Update

17

Dec 2024

Dec 17, 2024 • 5 min read

SECP Warns Public Against Fraud Investment Scheme Promising Huge Profits

The Securities and Exchange Commission of Pakistan (SECP) has cautioned people against another illegal deposit/ investme...

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News Update

17

Dec 2024

Dec 17, 2024 • 5 min read

Rupee Loses Ground Against US Dollar for Second Straight Day

The Pakistani rupee (PKR) fell against the US dollar (USD) in the inter-bank market for the second straight day on Tuesd...

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News Update

17

Dec 2024

Dec 17, 2024 • 5 min read

Pakistan’s IT Exports Soar 32% in Five Months of FY25 

Pakistan’s information technology and IT-enabled services (ITeS) exports remittances comprising computer services and ca...

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News Update

17

Dec 2024

Dec 17, 2024 • 5 min read

SNGPL to Cut Gas Supply for Compressor Users

Sui Northern Gas Pipelines Limited (SNGPL) has announced a renewed campaign to cut off gas connections of consumers usin...

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News Update

17

Dec 2024

Dec 17, 2024 • 5 min read

Bears Take Control as PSX Plunges by Over 1,300 Points

Bears controlled the Pakistan Stock Exchange (PSX) on Tuesday as the benchmark KSE-100 index lost 1,309 points to close...

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