The federal government wants to increase the federal excise duty on fertilizers to 10 percent and impose a new 5-10… Read More
PSX Crashes By Over 6,500 Points in First Minute of Trade Following Indian Attack
The Pakistan Stock Exchange (PSX) witnessed a bloodbath on early Wednesday morning as the benchmark KSE-100 index plummeted by nearly… Read More
Tribunal Reserves Verdict on CCP Penalty Against ICAP in Price Fixing Case
The Competition Appellate Tribunal (CAT) has reserved its verdict in a case filed by the Institute of Chartered Accountants of… Read More
Fuel Pumps Are Selling Cheap and Toxic Diesel to Public at Official Price
The Oil Marketing Association of Pakistan (OMAP) has raised alarm over what it terms the “supply of substandard High-Speed Diesel… Read More
6-Month KIBOR Falls Following Monetary Policy Announcement
The 6M Karachi Inter-Bank Offered Rate (KIBOR) is currently trading at 11.44 percent as of May 6, 2025. Topline Securities… Read More
Bank Al Habib to Exit Kenya Next Week
Bank Al Habib Limited (BAHL) will close its representative office in Nairobi on May 15, 2025, calling it quits from… Read More
FBR Chairman Says Tax Relief to Industry Creates Revenue Shortfall And Wants Someone to Pay for It
Various industrial sectors presented their budget proposals during a Senate Standing Committee on Finance meeting, chaired by Senator Saleem Mandviwalla.… Read More
Govt Scams Utility Stores Employees Into Working Without Pay
The federal government has stopped paying salaries to Utility Stores Corporation (USC) employees while keeping them working at the state-run… Read More
SBP Cuts Key Interest Rate by 1%
The State Bank of Pakistan (SBP) announced on Monday that it has decreased the interest rate by 100 basis points… Read More
SBP Plans to Set up Specialized Entity for Promoting RAAST Ecosystem
The State Bank of Pakistan (SBP) is planning to establish a specialized entity for the Raast payment system to accelerate… Read More
FBR Intelligence Unit Has No Authority in Sales Tax Related Cases: PHC
The Audit Officers of the Directorate General of Intelligence and Investigation – Inland Revenue (DG I&I-IR), do not have independent… Read More
Federal Cabinet Okays $25 Million Loan Agreement With Kuwait for Mohmand Dam
The federal Cabinet has approved the signing of a $25 million financing agreement with the Kuwait Fund for Arab Economic… Read More
