Senate Committee criticizes PTA officials on VPN registration issue

VPN registration policy, revived by the current government, aims to streamline VPN use, chairman PTA

Shehbaz seeks $1.2 billion Saudi loan to fill $2.5 billion gap

The FBR faces a PKR190 billion tax shortfall in four months, which its chairman attributes to incorrect assumptions

Govt recommends ending structure tax on buildings

Property transfers generated PKR620 million annually before the tax, but revenues plummeted to PKR60 million after its imposition

World Bank recommends 10 DISCOs’ ownership transfer to president ahead of privatisation  

Federal government faces complex challenges in privatising power sector, balancing subsidies and tariff policies.  

Hallmark Company proposes rebranding to “Supernet Technologies Limited”  

Rebranding aims to align with new business direction and strategic goals  

Importers face heavy losses as Customs’ green channel rule change causes delays  

Clearance of thousands of containers stalled, benefiting shipping companies and terminal operators  

Govt seeks IMF nod for Rs26 billion tax relief to spur PIA privatisation  

Privatisation minister attributes the failed attempt to privatise PIA to the Ministry of Finance's lack of cooperation

Commerce Ministry seeks to address EU firms’ concerns ahead of joint economic talks  

Key concerns include tax refunds, profit repatriation delays, and trade barriers 

Banks seek utilities’ data to expand EV and SME financing  

Finance minister pledges support for financial inclusion initiatives  

Pakistan’s November inflation expected between 4.5-5.0% YoY: report

Inflation is projected to range between 7-8% for FY25, predicts Topline Pakistan Research

Agritech receives revised offer from FFC amid competing bid from Maple Leaf Cement

Offer price increased to PKR 39.05 per share; closing date extended to January 4, 2025

Foreign exchange rates in Pakistan for today, November 19, 2024

The Exchange Rates Committee of the Financial Markets Association of Pakistan issued the following Exchange rates bulletin on Tuesday.

Gold price in Pakistan for today, November 19, 2024

Gold prices in Pakistan fluctuate frequently based on international market trends. The rates listed are provided by local gold markets and Sarafa...

Sharif family clarifies Hasan Nawaz’s bankruptcy in UK, cites legal exemptions  

Businesses facing bankruptcy are legally exempt from paying taxes, says a family spokesperson 

Cyberattacks surge by 114% in Pakistan’s financial sector in 2024

Rising malware, ransomware, and spyware attacks highlight urgent need for strengthened cybersecurity measures