News & Updates

2024-06-22 00:00:00
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12-Hour Gas Load-shedding Announced in Karachi

Sui Southern Gas Company (SSGC) has announced a suspension of gas supply to the Defence Housing Auth...
2024-06-21 00:00:00
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Political Parties Reaffirm Support for Pakistan-China Relations, CPEC

The 3rd round of the Joint Consultative Mechanism (JCM) of the Political Parties on CPEC and the Pak...
2024-06-21 00:00:00
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ADB, Pakistan Sign $250 Million Loan to Drive Sustainable Investments in Infrastructure, Services

The Asian Development Bank (ADB) and Government of Pakistan on Friday signed the agreement for $250...
2024-06-21 00:00:00
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Balochistan Unveils Rs. 930 Billion Budget 2024-25

Balochistan Provincial Finance Minister Mir Shoaib Nosherwani Friday presented the province’s budget...
2024-06-21 00:00:00
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Pakistan’s IT Exports Cross $330 Million in May to Hit Record High

Pakistan’s IT and IT-enabled Services (ITeS) export remittances comprising computer services and cal...
2024-06-21 00:00:00
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CCP Approves Acquisition in Pakistan’s Solar Market

The Competition Commission of Pakistan (CCP) has approved the 100 percent acquisition of M/s. Actis...
2024-06-21 00:00:00
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Pakistan Records Foreign Direct Investment of $271 Million in May 2024

The net Foreign Direct Investment (FDI) in the country stood at $271 million in May 2024, up 74 perc...
2024-06-21 00:00:00
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Gold Price in Pakistan Rises With Sarafa Association Further Enhancing Discount

The price of gold in Pakistan posted an increase of Rs. 1,600 per tola on Friday. According to data...
2024-06-21 00:00:00
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Senator Faisal Vawda Unhappy With Non-Filers Getting Exemptions for Umrah, Hajj

Senator Faisal Vawda today questioned the rationale behind exemptions for non-filers during religiou...
2024-06-21 00:00:00
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Pakistan’s REER Index Falls to 100.67 in May 2024 After Hitting 5-Year High in April

Pakistan’s Real Effective Exchange Rate (REER) fell by 3.62 percentage points to 100.67 in May 2024....
2024-06-21 00:00:00
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Pakistan’s Current Account Turns Red With Deficit of $270 Million in May

Pakistan’s current account balance posted a deficit of $270 million in May 2024, according to data r...
2024-06-21 00:00:00
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Rupee Again Ends Week At 278 Against US Dollar

The Pakistani rupee (PKR) ended the US Dollar with gains today after opening trade at 278 in the int...
2024-06-21 00:00:00
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Pakistan’s Exports to Afghanistan Surge by Over 65% in May 2024

Pakistan’s exports to Afghanistan surged by over 65 percent during May 2024. According to sources, t...
2024-06-21 00:00:00
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FTO Detects Serious Flaws in FBR’s Withholding Tax Deduction on Purchase/Lease of Vehicles

Federal Tax Ombudsman (FTO) has detected serious flaws in withholding tax deductions on the purchase...
2024-06-21 00:00:00
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HUBCO Subsidiary Partners With China’s BYD to Launch Electric Vehicles in Pakistan

The Hub Power Company Limited (PSX: HUBC) through its associated company, Mega Motor Company (Privat...
2024-06-21 00:00:00
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Weekly Inflation Clocks In At Above 23% for Second Straight Week

The Sensitive Price Index-based inflation for the week ended June 20, 2024, increased by 0.94 percen...
2024-06-21 00:00:00
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FTO Directs FBR to Suspend License of Ocean Pacific Shipping Line

Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to cancel or suspend the...
2024-06-21 00:00:00
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New Tax Law Gives FBR Authority to Demand Wealth Statements From Anyone

The Finance Bill 2024 has allowed the Commissioner Federal Board of Revenue (FBR) to demand wealth s...
2024-06-21 00:00:00
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FTO Orders FBR to Destroy Confiscated Currency, Gold, Arms, Cigarettes, Drugs in Its Possession

Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to immediately dispose o...
2024-06-21 00:00:00
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Competition Appellate Tribunal Upholds CCP Penalty Against Cable Manufacturers

The Competition Appellate Tribunal (CAT) has dismissed the appeals filed by electric cable manufactu...

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