The Chairman of Bank Alfalah, His Sheikh Nahayan bin Mubarak Al Nahayan Excellency and the Board of directors has approved an additional USD 5 million, equivalent to PKR 1.4 billion, to help rebuild communities devastated by the 2025 floods. This latest commitment brings the Bank’s total contribution towards comprehensive flood relief and rehabilitation since the…
Pakistan and Saudi Arabia have agreed to strengthen cooperation in transport, logistics and infrastructure, following talks between Federal Minister for Communications Abdul Aleem Khan and Saudi Minister of Transport and Logistic Services Engr. Saleh Bin Nasser Aljasser on the sidelines of the Pakistan International Maritime Expo and Conference (PIMEC) 2025. Read More: NHA To Launch…
KSE-100 index shedding over 1,500 points amid profit-taking on Tuesday. It closed at 161,281.77, registering a decrease of 1,521.39 points or 0.93%. Positive sentiment dominated trading at the Pakistan Stock Exchange (PSX) on Tuesday. The benchmark KSE-100 Index advanced 366.31 points, or 0.23%, and reached 163,169.46 during the opening minutes of the session. Investor confidence…
Pakistan has rolled out its first centralized complaint system to help cryptocurrency investors report scams and fraudulent trading schemes with greater efficiency and transparency. PVARA has launched a Grievance Cell to handle complaints on crypto fraud, false ads, and disputes with virtual-asset service providers. Officials said the initiative is designed to bring order to the…
Cement prices across Pakistan witnessed a slight decline over the past week, according to fresh data issued by the Pakistan Bureau of Statistics. The bureau stated that the average retail price of a 50-kilogram cement sack in northern cities stood at Rs 1,364 during the week ending October 30. This marks a minor decrease of…
A newly released survey has revealed that a staggering 81.01% of cigarette brands available at retail outlets do not carry tax stamps, indicating widespread evasion of excise duties. Only 12.03% of the products were found to be tax-stamped, while 6.96% appeared in both taxed and untaxed forms, pointing to a parallel distribution network operating alongside…
The Lifestyle Monitoring Cell in FBR has launched a wide-ranging investigation into individuals whose extravagant lifestyles appear inconsistent with their declared sources of income. Officials confirmed that several high-profile names have been forwarded to FBR headquarters and respective Regional Tax Offices for inquiries under existing income tax laws. The initiative comes as the FBR works…
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry announced plans to transform Port Qasim into a full-fledged maritime-industrial ecosystem capable of contributing half of Pakistan’s $100 billion national revenue target. The initiative marks a major shift in the port’s role from a logistics hub to a driver of industrial growth and sustainability. Speaking at…
The Competition Commission of Pakistan (CCP) has released a comprehensive Competition Assessment Study of the Steel Sector in Pakistan, identifying critical market distortions and recommending the creation of a dedicated Steel Ministry to ensure coordinated policy and oversight. The report emphasizes the absence of a national steel policy as a key structural gap, drawing on…
New framework to formalize $2bn informal gemstone trade and grant exporters industry status. Pakistan is drafting a comprehensive National Gemstones Policy aimed at formalizing and regulating the country’s largely undocumented gemstones trade, currently estimated at over US$2 billion, Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan said. Read More: Pakistan…