News & Updates

News Update

23

Jul 2024

Jul 23, 2024 • 5 min read

FBR Introduces Monthly Tax for Small Shopkeepers and Retailers in 42 Cities

The Federal Board of Revenue (FBR) has issued fixed monthly tax payments (ranging between Rs. 100 and above Rs. 20,000)...

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News Update

23

Jul 2024

Jul 23, 2024 • 5 min read

Telenor Microfinance Bank Appoints Jahanzeb Khan As CEO

Telenor Microfinance Bank has appointed Jahanzeb Khan as the new chief executive officer (CEO). Jahanzeb Khan, formerly...

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News Update

23

Jul 2024

Jul 23, 2024 • 5 min read

PM Directs Gwadar Port Authority to Provide All Facilities to Chinese Companies

Prime Minister Shehbaz Sharif has directed the Gwadar Port Authority to provide all possible facilities to Chinese compa...

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News Update

23

Jul 2024

Jul 23, 2024 • 5 min read

Pakistan’s Imports from Afghanistan Fall by 40% in FY24

Pakistan’s imports from Afghanistan went down by 40 percent during the last fiscal year (FY24). According to data obtain...

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News Update

23

Jul 2024

Jul 23, 2024 • 5 min read

Experts Suggest New Power Generation Model to Avoid Further Hikes in Electricity Prices

The Speakers at a panel discussion underscored that Pakistan is facing an overall increase of 38 percent in energy price...

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News Update

22

Jul 2024

Jul 22, 2024 • 5 min read

LHC Suspends FBR’s Controversial Anti-Taxpayer Law in Finance Act 2024

Lahore High Court (LHC) has suspended the applicability of controversial sales tax SRO 350(I)/2024, creating sales tax r...

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News Update

22

Jul 2024

Jul 22, 2024 • 5 min read

PSX Transitions to One-Share Marketable Lot

Pakistan Stock Exchange (PSX) has successfully transitioned to a One-Share Lot system for investor transactions on the r...

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News Update

22

Jul 2024

Jul 22, 2024 • 5 min read

Cabinet to Soon Approve Massive Electricity Subsidy for Protected Consumers

The federal government is finalizing a new plan to implement a targeted electricity subsidy for low-income households th...

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News Update

22

Jul 2024

Jul 22, 2024 • 5 min read

Pakistan’s Mobile Imports Cross $1.8 Billion in FY24

The country imported mobile phones worth $1.898 billion during the fiscal year 2023-24, registering a growth of 233 perc...

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News Update

22

Jul 2024

Jul 22, 2024 • 5 min read

Banking Mohtasib Provides Relief of Rs. 681.07 Million to Banking Customers in First Half of 2024

The Banking Mohtasib Pakistan has granted monetary relief amounting to Rs. 681.07 million to the banking customers by di...

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News Update

22

Jul 2024

Jul 22, 2024 • 5 min read

PIA Needs $500 Million to Become Profitable, Self-Sufficient: Secretary Privatization Commission

Secretary Privatization Commission on Monday informed the National Assembly Standing Committee on Privatization that Pak...

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News Update

22

Jul 2024

Jul 22, 2024 • 5 min read

Govt Should Revise IPP Contracts and Make Them Public: President FPCCI

President Federation of Pakistan Chamber of Commerce and Industry Atif Ikram Sheikh has said that it is necessary to rev...

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News Update

22

Jul 2024

Jul 22, 2024 • 5 min read

PM Shehbaz Elevates SIFC to Division Status

Prime Minister Shahbaz Sharif has approved the elevation of the Special Investment Facilitation Council (SIFC) to the st...

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News Update

22

Jul 2024

Jul 22, 2024 • 5 min read

Power Generation Goes Down in June Despite 11% Cheaper Fuel

Power generation in the country went down by 2 percent YoY to 13,461 gigawatts per hour (GWh) in June 2024, but up 7 per...

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News Update

22

Jul 2024

Jul 22, 2024 • 5 min read

KP to Convert 100 Schools and 3,050 Mosques to Solar Energy

The Khyber Pakhtunkhwa government has launched solar energy projects to address electricity issues in the merged tribal...

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News Update

22

Jul 2024

Jul 22, 2024 • 5 min read

PSX Crashes By Over 1,500 Points to Close Below 79,000

Bears wrecked the Pakistan Stock Exchange (PSX) on Monday with the benchmark KSE-100 index losing over 1,700 points in i...

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News Update

22

Jul 2024

Jul 22, 2024 • 5 min read

Chief Justice Sindh High Court Constitutes 2 Company Benches In Karachi

The Chief Justice of the High Court of Sindh, Justice Muhammad Shafi Siddiqui, has constituted two Company Benches on th...

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News Update

22

Jul 2024

Jul 22, 2024 • 5 min read

Govt Speeds Up PIA Sale: Framework Finalized to Offload Airline Losses

The federal government has accelerated the privatization process of Pakistan International Airlines (PIA) and finalized...

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News Update

22

Jul 2024

Jul 22, 2024 • 5 min read

Rupee Again Loses Ground Against US Dollar, UAE Dirham

The Pakistani rupee (PKR) started the new week with losses against the US Dollar today after opening trade at 278 in the...

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News Update

22

Jul 2024

Jul 22, 2024 • 5 min read

Executive Director Pearl-Continental Hotel Predicts Future of Pakistan’s Tourism Industry

Haseeb Amjad Gardezi, Executive Director of Pearl-Continental Hotel, Lahore and the Education Division of Hashoo Group i...

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News Update

22

Jul 2024

Jul 22, 2024 • 5 min read

SBP to Announce FY25’s First Monetary Policy Next Week

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will meet next week on Monday, July 29, 2024, to...

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