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Government Slashes Power Tariffs, Major Reforms Set to Save Billions!

10-Feb-2025
The government has announced a reduction in the return on equity (RoE) for state-owned power plants, lowering it to 13% in local currency. Additionally, the US dollar exchange rate for these plants ha...
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Government Slashes Power Tariffs, Major Reforms Set to Save Billions!

SECP Warns Against Fraudulent Real Estate Investment Schemes

08-Feb-2025
The Securities and Exchange Commission of Pakistan (SECP) has once again emphasized that simply registering a company with the regulator does not grant firms the authority to collect public deposits, ...
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SECP Warns Against Fraudulent Real Estate Investment Schemes

Important PTA Advisory, Stay Informed Before Buying Mobile Devices!

08-Feb-2025
The Pakistan Telecommunication Authority (PTA) has urged buyers to double-check the tax status of mobile phones before making a purchase. This is to ensure alignment with Federal Board of Revenue (FBR...
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Important PTA Advisory, Stay Informed Before Buying Mobile Devices!

Pakistan Would not Import Wheat in 2024, Confirms Food Security Secretary

07-Feb-2025
Pakistan will not be importing wheat this year due to sufficient domestic stocks, as confirmed by Waseem Ajmal Chaudhry, Secretary of the Ministry of National Food Security and Research (MNFS&R), ...
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Pakistan Would not Import Wheat in 2024, Confirms Food Security Secretary

Pakistan Customs Agents Threaten Nationwide Shutdown Over Alleged Corruption

07-Feb-2025
The Pakistan Customs Agents Association has issued a stark warning to suspend import and export clearance services across the country within 15 days, citing the alleged "illegal suspension" of 45 agen...
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Pakistan Customs Agents Threaten Nationwide Shutdown Over Alleged Corruption

Senate Slams Wapda Luxury Car Purchase Amid Austerity Measures

07-Feb-2025
The Senate Standing Committee on Water Resources strongly criticized the Water and Power Development Authority (Wapda) for purchasing 78 luxury vehicles worth Rs740 million, despite the federal govern...
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Senate Slams Wapda Luxury Car Purchase Amid Austerity Measures

SECP Moves Forward with Major Reforms for Mutual Fund Industry

07-Feb-2025
The Securities and Exchange Commission of Pakistan (SECP) hosted a crucial consultation with representatives from the Mutual Funds Association of Pakistan (MUFAP), senior officials from Asset Manageme...
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SECP Moves Forward with Major Reforms for Mutual Fund Industry

SBP $3.8 Billion Intervention Boosts Reserves by $2.1 Billion in 2024

06-Feb-2025
Between June and October 2024, the State Bank of Pakistan (SBP) purchased a total of $3.8 billion in the domestic foreign exchange (FX) market, according to data released by the central bank. The SBP ...
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SBP $3.8 Billion Intervention Boosts Reserves by $2.1 Billion in 2024

4 PCBL Officials Arrested in Land Fraud Investigation

06-Feb-2025
Four officials from the Punjab Cooperative Board for Liquidation (PCBL) have been arrested in connection with a massive land fraud case, with an FIR filed against them and several private individuals ...
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4 PCBL Officials Arrested in Land Fraud Investigation

HBL Credits Over 3.5 Million Shares to Employees Under Deferred Compensation Plan

06-Feb-2025
Habib Bank Limited (HBL) has distributed over 3.5 million shares to its employees as part of its Risk Aligned Remuneration Policy. This policy offers deferred variable compensation to Material Risk Ta...
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HBL Credits Over 3.5 Million Shares to Employees Under Deferred Compensation Plan
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