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Government Confirms No New Taxes for Rs1.56T Revenue Shortfall

25-Apr-2025
The government has firmly declared it will not impose new taxes or levies to offset the Rs1.56 trillion revenue shortfall triggered by revised tariff agreements with state-owned generation companies (...
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Government Confirms No New Taxes for Rs1.56T Revenue Shortfall

Punjab Releases Rs22B to Clear Medical Supply Dues for Hospitals

25-Apr-2025
The Punjab government has taken decisive action, releasing Rs22 billion in the first phase to settle long-overdue payments to medical supply contractors for public hospitals, addressing a 19-year back...
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Punjab Releases Rs22B to Clear Medical Supply Dues for Hospitals

FBR Grants Withholding Tax Exemption on Cystagon/Systagon Imports

25-Apr-2025
The Federal Board of Revenue (FBR) has issued a critical exemption, waiving the withholding tax on imports of Cystagon/Systagon capsules, as outlined in SRO 722(I)/2025. Under section 148 of the Incom...
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FBR Grants Withholding Tax Exemption on Cystagon/Systagon Imports

HBL Posts 10.52% Profit Growth to Rs16.63B in Q1CY25

25-Apr-2025
Habib Bank Limited (PSX: HBL) delivered a robust 10.52% surge in consolidated profit after tax, reaching Rs16.63 billion for the quarter ending March 31, 2025, up from Rs15.04 billion a year earlier. ...
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HBL Posts 10.52% Profit Growth to Rs16.63B in Q1CY25

KPITB Partners with 1LINK for Digital Payment Solutions in Khyber Pakhtunkhwa

23-Apr-2025
The Khyber Pakhtunkhwa Information Technology Board (KPITB) has forged a landmark agreement with 1LINK, Pakistan’s premier payment system and bill aggregator, to revolutionize digital payment soluti...
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KPITB Partners with 1LINK for Digital Payment Solutions in Khyber Pakhtunkhwa

MoF Sets April 30 Deadline for Surrendering Unspent Funds

23-Apr-2025
The Ministry of Finance (MoF) has issued a stern mandate, ordering all ministries, divisions, departments, and autonomous bodies to surrender unspent or unused funds within a tight 10-day window, sett...
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MoF Sets April 30 Deadline for Surrendering Unspent Funds

MCB Bank’s Q1CY25 Profit Drops 17.78% to Rs14.65 Billion

23-Apr-2025
MCB Bank Limited (PSX: MCB) reported a steep 17.78% year-on-year drop in profit attributable to equity shareholders for the first quarter ending March 31, 2025, posting a net profit of Rs14.65 billion...
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MCB Bank’s Q1CY25 Profit Drops 17.78% to Rs14.65 Billion

Markets Anticipate SBP Interest Rate Cut on May 5

23-Apr-2025
As the State Bank of Pakistan (SBP) prepares to unveil its monetary policy decision on May 5, market sentiment is firmly leaning toward an interest rate cut, with 69% of participants in a recent surve...
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Markets Anticipate SBP Interest Rate Cut on May 5

BMP Reports 6% Rise in Banking Complaints, Provides Rs1.65B Relief in 2024

22-Apr-2025
The Banking Mohtasib Pakistan (BMP) has reported a sharp surge in customer complaints in 2024, delivering a record Rs1.65 billion in relief to banking customers amid escalating challenges in digital b...
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BMP Reports 6% Rise in Banking Complaints, Provides Rs1.65B Relief in 2024

CDNS Achieves Rs23 Billion Islamic Finance Target for 2024-25

22-Apr-2025
The Central Directorate of National Savings (CDNS) has triumphantly met its Rs 23 billion target for Islamic finance investments in the first ten months of the 2024-25 fiscal year, from July 1 to Apri...
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CDNS Achieves Rs23 Billion Islamic Finance Target for 2024-25
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