The Jaranwala district administration (Faislabad) has uncovered a Rs. 393 million scam involving the misappropriation of Transfer of Tax on… Read More
Petroleum Minister Denies Selling Reko Diq Stake to Saudi Arabia
Petroleum Minister Musadik Malik has rejected all claims of selling a stake in the Reko Diq copper-gold mining project to… Read More
Here’s How Much Investment Was Raised By Pakistani Startups in 2024
Pakistani startups raised $42.5 million in the calendar year 2024, according to the Pakistan Startup Ecosystem Report (PSER 2024). The… Read More
FBR Announces Tax Concessions on Items Imported from 7 Countries
The Federal Board of Revenue (FBR) has announced tariff concessions, from January 2025 on the import of items and finished… Read More
Rupee Closes Higher Against US Dollar Than Last Year’s Rate for the First Time After 8 Years
The Pakistani rupee (PKR) closed in red against the US Dollar (USD) third day in a row today after opening… Read More
Private Steel Manufacturer Buys Extra 0.08% Stake in Cordoba Logistics
Cordoba Logistics & Ventures Limited (PSX: CLVL) has announced that M/s. Steel Complex Private Limited (related to the Company) acquired… Read More
UBL Arranges $300 Million Loan for Pakistan
United Bank Limited (UBL) has arranged and financed a USD 300 million short-term loan for the Government of Pakistan through… Read More
Finance Minister, SBP Governor Strategize on Boosting Remittances for Economic Growth
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting today with Jameel Ahmad, Governor of the State… Read More
Here Are Pakistan’s Biggest Fintech Developments in 2024
Fintech is one of the emerging sectors in the financial industry, expected to act as a catalyst in Pakistan by… Read More
These Were the Top Performing PSX Stocks in 2024
The benchmark KSE 100 Index jumped 85 percent in Rupee terms (87 percent in USD) in 2024, with only one… Read More
President of Pakistan Approves Higher Bank Tax to Help FBR Collect Rs. 70 Billion
The President of Pakistan promulgated the Income Tax (Amendment) Ordinance 2024 to revise the tax rate structure for banks under… Read More
Cabinet Approves Sale of 15% Reko Diq Stake to Saudi Arabia for $540 Million
The federal cabinet has approved the sale of a 15 percent stake in the Reko Diq copper-gold mining project to… Read More
