Bank Alfalah sells entire Stake in Alfalah Securities

By Huma Ishfaq ⏐ 8 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

KARACHI: Bank Alfalah Limited (PSX: BAFL) has finalized the complete sale of its subsidiary, Alfalah Securities (Private) Limited, effectively ending its equity involvement in the…

Octopus Digital Faces Sharp Profit Drop in Q1 2025

By Huma Ishfaq ⏐ 8 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

Octopus Digital Limited (PSX: OCTOPUS) has reported a significant decline in its financial performance for the first quarter ending March 31, 2025. According to the…

FBR Seals Famous Clothing Brand in Karachi for Major Tax Evasion

By Manik Aftab ⏐ 8 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

KARACHI: The Federal Board of Revenue (FBR) has sealed the offices and outlets of a well-known clothing brand, Sowears, in Karachi due to tax evasion…

No Major Sales Tax Relief Expected for Businesses in Budget 2025/26

By Manik Aftab ⏐ 8 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial confirmed on Wednesday that the upcoming federal budget (2025-26) will be tough, offering tax relief…

FBR Suggests Tax Relief for Salaried Class in Upcoming Budget

By Manik Aftab ⏐ 8 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Rashid Mahmood confirmed on Wednesday that the upcoming federal budget for 2025-26 will be challenging, offering no sales…

FBR Tax Shortfall Surges to Rs833 Billion Despite Record Tax Measures

By Manik Aftab ⏐ 8 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

ISLAMABAD: The FBR tax shortfall has soared to a staggering Rs833 billion during the first 10 months of the fiscal year, despite the government’s record-high…

BREAKING!! Electricity Bills in Pakistan Likely to Rise This Summer

By Manik Aftab ⏐ 8 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

Electricity bills in Pakistan are expected to rise during the summer months, as lower hydropower production forces greater reliance on expensive fuels. Officials from the…

SBP Prepares for Crucial Monetary Policy Meeting Next Week (Rate cuts?)

By Manik Aftab ⏐ 8 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The SBP monetary policy meeting has been scheduled for Monday, May 5, 2025, with growing anticipation of a potential interest rate cut, according to local…

Poultry Firms Fined Rs150m for WhatsApp Price Fixing

By Huma Ishfaq ⏐ 8 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The Competition Commission of Pakistan (CCP) has imposed a hefty Rs150 million fine on eight leading poultry hatcheries for colluding to inflate chick prices a…

PSX Bloodbath continues as Indian Attack’s Fear grows

By Huma Ishfaq ⏐ 8 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The Pakistan Stock Exchange (PSX) witnessed a severe drop on Wednesday morning, with the KSE-100 index losing over 2,500 points as fears of an impending…

World Bank grants $108M for Roads & Tourism in KPK

By Huma Ishfaq ⏐ 8 months ago ⏐ Newspaper Icon Newspaper Icon 3 min read

ISLAMABAD: The World Bank has greenlit an additional $108 million in financing for two significant development initiatives in Khyber Pakhtunkhwa (KP). These include the Rural…

IMF Executive Board Will Review Pakistan’s $7B Loan Program on This Date

By Manik Aftab ⏐ 8 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

ISLAMABAD: The Executive Board of the International Monetary Fund (IMF) is scheduled to meet on May 9, 2025, to consider Pakistan’s first review under the…

PSX Plunges 1,400 Points Amid Rising Pakistan-India Tensions

By Huma Ishfaq ⏐ 8 months ago ⏐ Newspaper Icon Newspaper Icon 3 min read

Bears firmly gripped the Pakistan Stock Exchange (PSX) on Monday, reversing the morning’s short-lived optimism into sharp losses by the session’s close. Rising tensions between…

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