Mini-Budget: FBR to Raise Withholding Taxes by 1% if Revenue Shortfall Continues
The Federal Board of Revenue (FBR) is likely to raise the rate on 31 different kinds of withholding taxes by
Govt Expects Inflation to Fall to 9-10.5% Range
The Ministry of Finance in its Monthly Economic Update stated that due to stability in economic indicators, inflation is heading
Moody’s Upgrades Long-Term Deposit Ratings of 5 Pakistani Banks to Positive
Moody’s Ratings (Moody’s) has upgraded the long-term deposit ratings of five Pakistani banks—Allied Bank Limited (ABL), Habib Bank Ltd. (HBL),
Moody’s Upgrades Pakistan’s Rating to Caa2 Due to Improving Macroeconomic Conditions
Moody’s Ratings (Moody’s) has upgraded the Government of Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to
2 Pakistani Startups Feature in Forbes Asia ‘100 To Watch’ List
Pakistani startups DealCart and NayaPay have been featured on the Forbes Asia 100 to Watch List, which highlights emerging small
Federal Cabinet Eliminates 150,000 Vacant Govt Jobs
In a significant move to streamline government operations, the Federal Cabinet has approved the elimination of approximately 150,000 vacant government
HBL Profit Rises by 10% to Rs. 29.1 Billion in H1 2024
HBL has reported a consolidated profit before tax of Rs. 57.8 billion for the first half of 2024, 12 percent
Pakistan’s Global IT Market Share Remains Below 0.04%
The Senate Standing Committee on Information Technology and Telecommunication was informed on that Pakistan’s share in the global IT market
Govt Halts Subsidies on Essential Food Items at Utility Stores
The federal government has verbally ordered the suspension of a Rs. 50 billion subsidy at utility stores, with written orders
SBP to Replace All Pakistani Currency Notes By End of Current Year: Governor SBP
In a significant move, the State Bank of Pakistan has decided to redesign all currency notes ranging from Rs. 10
