Finance
FBR Forms New Committee for Granting and Cancelling Sales Tax Licences
The Federal Board of Revenue (FBR) has reconstituted its committee responsible for evaluating applications for the grant and cancellation of licences for Sales Tax integration under the Sales Tax Rules, 2006. The move comes through a fresh notification issued on…
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CCP Approves Systems Limited’s Acquisition of BAT SAA Services
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The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of SAA Services (Private) Limited by Systems Limited from the British American Tobacco International…
Trump Admin Ends Clean Energy Projects, Freezes Billions in New York
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The Trump administration has announced the termination of dozens of clean energy projects and frozen billions in funding for major New York infrastructure initiatives, escalating…
FM Aurangzeb Confirms Pakistan’s $500m Eurobond Repayment
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Finance Minister Muhammad Aurangzeb has confirmed that Pakistan successfully repaid its $500m Eurobond on September 30, reassuring investors of the country’s ability to meet future…
Finance Ministry Announces Timely Repayment of $500M Eurobond by Pakistan
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Pakistan has cleared a major financial milestone by repaying its $500 million Eurobond that matured on September 30, 2025. The Ministry of Finance confirmed the…
ADB Projects 3% GDP Growth for Pakistan in FY2026
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Pakistan’s improved macroeconomic conditions have boosted growth in fiscal year 2025, supported by investment inflows and policy reforms, the Asian Development Bank (ADB) said in…
Philip Morris Announces Voluntary Delisting from PSX
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Philip Morris has formally announced its voluntary delisting from the Pakistan Stock Exchange (PSX), following a strategic share buyback that concentrated nearly all ownership in…
Pakistanis Brace for Another Hike in Electricity Bills
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Electricity consumers across Pakistan should prepare for another increase in their October bills, as the National Electric Power Regulatory Authority (NEPRA) confirmed a fresh hike…
Artistic Denim Mills Posts Rs451 Million Loss in FY25
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Artistic Denim Mills Limited (ADM) has posted a net loss of Rs451 million for the year ended June 30, 2025, compared to a profit of…
Gul Ahmed Textile Mills Announces Closure of Export Apparel Segment
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Gul Ahmed Textile Mills Limited has officially announced the closure of its Export Apparel Segment following a strategic review of its performance. The decision, communicated…
SBP Directs Banks to Begin Phase II of Basel III Reforms
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The State Bank of Pakistan (SBP) has instructed commercial banks to initiate Phase II of Basel III reforms, aimed at addressing weaknesses in the pre-crisis…
Petrol Prices Likely to Increase Again
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Petrol prices in Pakistan are likely to go up once again from October 1, as reports suggest a fresh hike in the rates of petroleum…
Port Qasim Gains 9th Spot in World Bank Rankings
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Port Qasim has secured the 9th spot in the World Bank rankings of most improved container ports, marking a significant milestone for Pakistan’s maritime reforms…
