The Standard and Poor (S&P Global Ratings) affirmed its ‘CCC+’ long-term sovereign credit rating and ‘C’ short-term rating for Pakistan.… Read More
3G/4G Users in Pakistan Near 135 Million by End of June
“The number of cellular subscribers increased from 192.32 million at the end of May 2024 to 192.53 million by the… Read More
FBR Directs Sales Tax Registered Persons to Get Biometric Re-Verification
The Federal Board of Revenue (FBR) has directed certain categories of sales tax registered persons to go to National Database… Read More
Islamabad to Switch from Big Houses to Vertical Housing
In a significant move towards sustainable urban development, Federal Minister for Planning Ahsan Iqbal has directed Capital Development Authority (CDA)… Read More
Tribunal Upholds CCP’s Penalty on Cable Manufacturer
The Competition Appellate Tribunal (CAT) has dismissed appeal of Zafar Cables against the Competition Commission of Pakistan’s (CCP) order for… Read More
Aurangzeb Urges Banks to Prioritize Lending to Farmers
Federal Minister for Finance Muhammad Aurangzeb visited the Pakistan Banks’ Association and met with the Presidents & CEOs of the… Read More
USF Invested Rs. 79 Billion in Rural Telecom Expansion in Last Five Years
The Universal Service Fund (USF) has launched 85 projects worth Rs. 79.1 billion in the last five years to expand… Read More
Pakistan’s Budget Deficit Improves to 6.8% of GDP in FY24
Pakistan’s budget deficit improved to 6.8 percent of gross domestic product (GDP) (Rs. 7.2 trillion) in the last fiscal year… Read More
Govt to Form Taskforce to Boost Technology Rollout for Better Crop Yield
Minister for National Food Security and Research, Rana Tanveer Hussain agreed to form a taskforce comprising experts and stakeholders on… Read More
PTA Receives Over 16,000 Complaints Against Telcos in June
Pakistan Telecommunication Authority (PTA) received 16,245 complaints from telecom consumers against different telecom operators and cellular operators in June 2024,… Read More
SECP Issues Simplified Format for Insurance Products
The Securities and Exchange Commission of Pakistan issued a revised illustration format to improve the readability, standardize insurers’ illustrative values,… Read More
KIBOR Rates Drop By Up to 53 Basis Points After SBP Decision
KIBOR tenors of 1-Week, 2-Week and 1-Month fell by up to 53 basis points (bps) on a day-on-day (DoD) basis… Read More
