For the first time in Pakistan’s history, DG Khan Cement Company (DGKC) Limited, one of the country’s largest cement manufacturers,… Read More
Rupee Plunges to New Low Against US Dollar As IMF, FATF and Oil Prices Cause Panic
The Pakistani Rupee (PKR) settled below its previous record low against the US Dollar (USD) and posted losses in the… Read More
Dastgyr Raises $37 Million in Pakistan’s Largest Series-A Funding Round
Pakistan’s Dastgyr Technologies Pvt. has raised $37 million in the country’s largest-ever Series A funding. According to Bloomberg, the venture… Read More
Govt Forced to Revise Income Tax Slabs After IMF Reservations
Pakistan is left with no option but to consider bringing changes to the new income tax slabs for the salaried… Read More
Rupee Crashes to New Low Against US Dollar After New Budget Fuels IMF Uncertainty
The Pakistani Rupee (PKR) shattered its previous record low against the US Dollar (USD) and posted losses in the interbank… Read More
Construction Sector Under Pressure as Steel Prices Skyrocket
The domestic prices of steel rebars have crossed the Rs. 222,000 per ton mark due to a sudden surge in… Read More
New Taxes on Banks Will Reduce Their Profitability by 15-20%: Report
New taxes for the banking sector under the federal budget 2022-23 are likely to significantly impact profitability by 15-20 percent,… Read More
Bitcoin Crashes to 18-Month Low After Market Wipes Out $200 Billion in One Day
Bitcoin fell below $24,000 on Monday, its lowest level since December 2020 as investors ditched the cryptocurrency amid a larger… Read More
FATF to Decide Pakistan’s Grey List Status This Week
The Global Cooperation Review Group of the Financial Action Task Force (FATF) will meet in Berlin, Germany between 14 and… Read More
PSX Bleeds Over 1000 Points, Crashes to 4-Month Low After Budget Reveal [Updated]
Pakistan equities witnessed a panic-struck sell-off during the early hours of trade on Monday, with the market crashing to its… Read More
Govt Imposes Taxes on IT Export Proceeds
The government has imposed a 0.25 percent tax on the export proceeds of computer software or IT services through Finance… Read More
Govt Imposes New Taxes for Capital Gain on Immovable Property Under Budget FY23
The government has proposed significant changes in the tax framework of the capital gain on immovable properties under the federal… Read More
