News & Updates

2024-06-20 00:00:00
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Sindh Govt to Give Interest-Free Solar Panel Loans

The Sindh government has announced a new initiative to provide interest-free loans for installing so...
2024-06-20 00:00:00
Admin

Govt Likely to Amend Finance Bill 2024 For Phase-Wise Implementation of Sales Tax on Formula Milk

The government may amend Finance Bill 2024 to impose phase-wise sales tax on infant formula etc. The...
2024-06-20 00:00:00
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Power Generation Goes Up Slightly in May

Power generation in the country went up by 2.7 percent YoY to 12,617 gigawatts per hour (GWh) in May...
2024-06-20 00:00:00
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PSX Jumps Over 2,000 Points to Hit New High As Budget Momentum Persists [Updated]

Bulls returned to the Pakistan Stock Exchange (PSX) post-Eid ul Azha with the benchmark KSE-100 inde...
2024-06-20 00:00:00
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Engro Fertilizers’ EnVen Plant Resumes Production After 54 Days

Engro Fertilizers Limited (PSX: EFERT) has successfully carried out scheduled maintenance activity t...
2024-06-20 00:00:00
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Millat Global Runs Out of Time to Acquire 76% Stake in Hascol Petroleum

The time period given to Millat Global Holdings Limited for making an offer to acquire 76 percent sh...
2024-06-20 00:00:00
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Higher Taxes On Salaried Class Will Force More Skilled Pakistanis to Leave Country

The Pakistan Business Council (PBC) has expressed grave concern over the 119 percent increase in the...
2024-06-20 00:00:00
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Govt Reduces Public Debt Repayment Target By 21% For FY25

The government has cut its public debt repayment target by 21 percent for fiscal year 2024-25. This...
2024-06-19 00:00:00
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Compared to India, Next Fiscal Year Will Be A Nightmare for Pakistani Farmers

India is leveraging cutting-edge technology to support its farmers compared to Pakistan’s neglect of...
2024-06-19 00:00:00
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Pakistan’s Tax-to-GDP Ratio Likely to Hit 7-Year High Next Fiscal Year

Pakistan’s tax-to-GDP ratio (including petroleum development levy) in tax revenues is projected to r...
2024-06-19 00:00:00
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Nvidia Beats Apple, Microsoft to Become Most Valuable Company On Earth

Nvidia has become the most valuable company on earth after it surpassed Apple ($3.32 trillion) and M...
2024-06-19 00:00:00
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Budget FY25 Boosts Chances of New IMF Program Despite Issues: Fitch Ratings

Pakistan’s ambitious FY2024-25 budget strengthens prospects for an IMF deal, Fitch Ratings said in a...
2024-06-18 00:00:00
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Planning Ministry Unveils National Economic Transformation Unit For PSDP 2024-25

The Ministry of Planning and Development, under the leadership of Minister Ahsan Iqbal, has announce...
2024-06-18 00:00:00
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Pakistan’s Tax Revenue Likely to Increase by 40% in Upcoming Fiscal Year

Pakistan’s tax growth (including petroleum development levy) is projected to reach 40 percent for fi...
2024-06-18 00:00:00
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Pakistan Is The Most Financially Attractive IT Outsourcing Destination in the World: Report

Pakistan is the most financially attractive IT&ITeS outsourcing destination in the world, the Econom...
2024-06-18 00:00:00
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Pakistan’s Per Capita Income Rises to $1,680 in FY24

Pakistan’s per capita income in US dollars has surged to $1,680 in the outgoing fiscal year 2023-24...
2024-06-18 00:00:00
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Relief to Salaried Class Impossible When Govt Institutions Are Operating At A Loss: Aurangzeb

Finance Minister Muhammad Aurangzeb on Tuesday said the federal government was finding it very hard...
2024-06-18 00:00:00
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Rice Production Hits Record High in 11 Months of FY24

Pakistan’s rice production was recorded at 9.9 million tons in the eleven months that ended on May 3...
2024-06-17 00:00:00
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World Bank Approves $150 Million For Education Project in Punjab

The World Bank’s Board of Executive Directors approved $150 million for a project to increase the pa...
2024-06-17 00:00:00
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FBR Extends Deadline For Filing of Sales Tax, FED Returns

The Federal Board of Revenue (FBR) has extended the date of payment and submission of Sales Tax and...

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