Zarai Taraqiati Bank Ltd (ZTBL) has rehired seven top executives on a contract basis without a competitive process, paying them… Read More
Startup Funding in Pakistan Shrinks by 95% to Lowest Level Since 2020
Startup funding in Pakistan had its worst quarter since 2020, with investments in this category falling to $5.2 million during… Read More
Govt Grants Extension in Exemption of Taxes to Erstwhile Tribal Areas
The government has granted a one-year extension in exemption from duties and taxes for the erstwhile tribal areas up to… Read More
PSX Rallies Over 2,400 Points After IMF Nod [Updated]
The Pakistan Stock Exchange (PSX) halted trade after an abnormal rally after a few minutes of the week’s first trading… Read More
Sindh High Court Removes All Roadblocks For JS Bank to Acquire BankIslami
Sindh High Court (SHC) has dismissed the applications against JS Bank’s (PSX: JSBL) acquisition of majority shares and control of… Read More
285.9: Rupee Gains Sharply Vs. US Dollar After SBP Interest Rate Hike
The Pakistani rupee gained good ground against the US Dollar during intraday trade today after opening trade at 286.5 in… Read More
PM Shehbaz Hopeful of IMF Decision on Bailout Revival in ‘One or Two’ Days
Prime Minister Shehbaz Sharif on Tuesday had a telephonic conversation with International Monetary Fund (IMF) Managing Director Kristalina Georgieva where… Read More
FBR to Levy 15% Sales Tax on Electricity Transmission in Islamabad
The Federal Board of Revenue (FBR) will charge a 15 percent sales tax on Electric Power Transmission Services provided within… Read More
FBR’s Intelligence Arm Unearths Massive Case of Tax Fraud in Lahore
During the drive against the registered persons involved in tax fraud by claiming/adjusting inadmissible/illegal input tax on the strength of… Read More
Govt Approves Another Rs. 4 Billion Grant for PIA
The Economic Coordination Committee (ECC) of the Cabinet has approved Rs. 4 billion in Technical Supplementary grants for markup payment… Read More
NIFT Breach Worse Than Expected, Hackers Threaten to Release ePay Source Code
While National Institutional Facilitation Technologies (Pvt.) Limited claimed that it was able to nullify an “attempted breach” that took down… Read More
Acting President Approves ‘IMF-Friendly’ Finance Bill 2023-24
Acting President Sadiq Sanjrani on Monday approved the amended Finance Bill 2023-24, signing into law the recently added Rs. 215… Read More
