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Author: Mrs. Anjum Shahnawaz

Rs5000 banknote

Foreign Investors Propose Demonetization of Rs 5,000 Banknote

May 11, 2024May 11, 2024Mrs. Anjum Shahnawaz

Islamabad, May 11, 2024: In a bold move aimed at curbing cash transactions and enhancing tax compliance, foreign investors operating in Pakistan have proposed the government to demonetize the Rs 5,000 banknote.

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Inflation Pakistan

Pakistan Reports Notable Decrease in Weekly Inflation by 1.39%

May 10, 2024May 10, 2024Mrs. Anjum Shahnawaz

Pakistan observed a welcome decline in weekly inflation, with a decrease of 1.39 percent for the week ending May 9, 2024, compared to the prior week.

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Thudershower

Thunderstorms Expected in Many Parts of Pakistan on May 11

May 10, 2024May 10, 2024Mrs. Anjum Shahnawaz

Islamabad, May 10, 2024 – The Pakistan Meteorological Department (PMD) has issued a weather alert for Saturday, May 11, 2024, predicting thunderstorms across multiple regions of the country.

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PM Sharif Parliament

PM Shehbaz Directs Formulating Export-Friendly Trade Policy

May 10, 2024May 10, 2024Mrs. Anjum Shahnawaz

Islamabad, May 10, 2024 – Prime Minister Shehbaz Sharif has instructed government officials to craft a new trade policy that prioritizes export enhancement and is friendly to business interests.

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FBR Blue

Aurangzeb Directs FBR to Intensify Detection of Sales Tax Fraud

May 10, 2024May 10, 2024Mrs. Anjum Shahnawaz

Islamabad, May 10, 2024 – In a move to clamp down on rampant sales tax fraud and the circulation of fake invoices, Finance Minister Muhammad Aurangzeb instructed the Federal Board of Revenue (FBR) to intensify their detection and investigatory efforts.

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Pakistan Telecom Authority

PTA Issues New Guidelines for International Mobile Roaming

May 9, 2024May 9, 2024Mrs. Anjum Shahnawaz

ISLAMABAD, May 9, 2024 – The Pakistan Telecommunication Authority (PTA) has introduced comprehensive guidelines aimed at streamlining International Mobile Roaming (IMR) services for cellular mobile operators (CMO) across Pakistan, Azad Jammu and Kashmir (AJK), and Gilgit-Baltistan (GB).

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SEC Pakistan

SECP Eases Account Opening for Retail Investors

May 9, 2024May 9, 2024Mrs. Anjum Shahnawaz

ISLAMABAD, May 9, 2024 – The Securities and Exchange Commission of Pakistan (SECP) has announced a significant simplification in the process of account openings for retail investors through its new Centralized Gateway Portal (CGP).

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FED on cigarettes

Think Tank Advocates for Stringent Cigarettes Taxation

May 9, 2024May 9, 2024Mrs. Anjum Shahnawaz

ISLAMABAD: The Islamabad-based think tank, Capital Calling, has called for rigorous adjustments to the taxation policy on cigarettes, aiming to align it with global norms.

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Finance Ministry 02

Pakistan Urges World Bank for Expanding Development Portfolio

May 8, 2024May 8, 2024Mrs. Anjum Shahnawaz

Islamabad, May 8, 2024 – In a meeting held on Wednesday, Pakistan has made a strong appeal to the World Bank to broaden its development activities in the country by incorporating innovative financing mechanisms and boosting private sector engagement.

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Prime Minister Shehbaz Sharif

PM Shehbaz Sharif Declares Education Emergency in Pakistan

May 8, 2024May 8, 2024Mrs. Anjum Shahnawaz

Islamabad, May 8, 2024 – Aimed at addressing the educational crisis, Prime Minister Shehbaz Sharif announced an “Education Emergency” across Pakistan.

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