News & Updates

News Update

09

Dec 2024

Dec 09, 2024 • 5 min read

High-Level Delegation of Foreign Investors Calls on Finance Minister

A high-level delegation of foreign investors and business professionals, mostly based in the United States, called on Fe...

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News Update

09

Dec 2024

Dec 09, 2024 • 5 min read

FBR to Confiscate Everything Valued Over $1200 From International Travelers

Under the proposed amendments to e Baggage Rules, 2006, the federal Board of Revenue (FBR) will confiscate everything va...

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News Update

09

Dec 2024

Dec 09, 2024 • 5 min read

Pakistan Mercantile Exchange Appoints Khurram Zafar As CEO

Pakistan Mercantile Exchange Limited (PMEX) has appointed Khurram Zafar as the Chief Executive Officer, who has already...

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News Update

09

Dec 2024

Dec 09, 2024 • 5 min read

Court Prohibits Govt From Appointing ATIR Members

The Islamabad High Court has barred the federal government from making final appointments till February 13, 2025, for ap...

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News Update

09

Dec 2024

Dec 09, 2024 • 5 min read

Federal Govt Halts Funding for 52 Development Projects in Khyber Pakhtunkhwa

The federal government has halted funding for 52 development projects in Khyber Pakhtunkhwa scheduled for the current fi...

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News Update

09

Dec 2024

Dec 09, 2024 • 5 min read

Remittances Remain Near $3 Billion Level for Ninth Straight Month in November

Remittances sent by overseas Pakistanis increased by 29 percent to $2.915 billion in November 2024 compared to inflows o...

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News Update

09

Dec 2024

Dec 09, 2024 • 5 min read

Govt Conducting Skills Test to Hire 20 Members of Appellate Tribunal Inland Revenue

The Ministry of Law and Justice, Islamabad on the directions of the Prime Minister of Pakistan is organizing a Qualifyin...

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News Update

09

Dec 2024

Dec 09, 2024 • 5 min read

Finance Minister Discusses Connecting Philanthropy with Underserved Communities

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired a meeting of the Prime Minister’s Committe...

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News Update

09

Dec 2024

Dec 09, 2024 • 5 min read

Rupee Ends 3-Day Losing Streak Against Major Currencies Once Again

The Pakistani rupee (PKR) recovered from last week’s three-day losing streak against the US Dollar (USD) today after ope...

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News Update

09

Dec 2024

Dec 09, 2024 • 5 min read

Top Shareholders of Mitchells Decide Not to Sell Shares to CCL Holding Ltd

Top shareholders of Mitchells Fruit Farms Limited (PSX: MFFL) have decided against selling their shares to CCL Holding P...

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News Update

09

Dec 2024

Dec 09, 2024 • 5 min read

THCCL Shareholders Approve Acquisition of 26% Stake in Thatta Power 

Thatta Cement Company Limited (PSX: THCCL) shareholders have authorized the company to make investments in its associate...

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News Update

09

Dec 2024

Dec 09, 2024 • 5 min read

ADB Estimates Pakistan’s Post-Harvest Losses At 20-40%

Post-harvest losses in Pakistan are estimated at 20-40 percent for various crops, due to lack of infrastructure, equipme...

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News Update

09

Dec 2024

Dec 09, 2024 • 5 min read

PLL Delays Decision on SNGPL Request to Buy More LNG in January 2025

The Board of Pakistan LNG Limited (PLL) convened on Sunday to discuss whether to purchase an additional LNG cargo from t...

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News Update

09

Dec 2024

Dec 09, 2024 • 5 min read

BISP Transitioning to Branch Banking Model Next Month to Speed Up Disbursements

The Benazir Income Support Program (BISP) will soon be shifted to the branch banking model by way of a pilot project whi...

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News Update

09

Dec 2024

Dec 09, 2024 • 5 min read

FBR to Ban Bringing More Than One Phone Under Baggage Policy  

The Federal Board of Revenue (FBR) is set to restrict the number of mobile phones a passenger can bring to the country u...

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News Update

08

Dec 2024

Dec 08, 2024 • 5 min read

Punjab Govt Generates Rs. 2.7 Billion Through Auction of 60 Properties

The Punjab government has recently generated Rs. 2.7 billion by auctioning 60 properties through an open bidding process...

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News Update

08

Dec 2024

Dec 08, 2024 • 5 min read

Supreme Court Rejects FBR Demand to Recover Sales Tax Benefits From Pharma Companies

The Supreme Court of Pakistan, while issuing a judgment in favor of pharmaceutical companies, declared that the demand o...

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News Update

08

Dec 2024

Dec 08, 2024 • 5 min read

Oil & Gas Firms, Microfinance Banks Will Now File Returns on FBR Single Sales Tax Return Portal

The taxpayers registered in oil and gas (exploration and production) companies and Microfinance banks would now be requi...

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News Update

08

Dec 2024

Dec 08, 2024 • 5 min read

New Rules: Govt Allows Azerbaijani Vehicles to Bring Trade Cargo into Pakistan

The government of Pakistan will allow entry of Azerbaijan’s registered vehicles transporting transit and bilateral trade...

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News Update

08

Dec 2024

Dec 08, 2024 • 5 min read

Asset Management Companies’ Funds Cross Rs. 3 Trillion for the First Time

Asset Management Companies (AMCs) in Pakistan continued to attract inflows of funds from individual investors and corpor...

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News Update

08

Dec 2024

Dec 08, 2024 • 5 min read

Punjab to Issue Business Cards to Give Interest-Free Loans of Up to Rs. 1 Million

The Punjab government has decided to launch a new initiative to provide interest-free loans for small and medium busines...

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