Karachi, May 13, 2024 – Pakistan citizens are brimming with anticipation as the government gears up to potentially unveil a significant reduction in petroleum prices, set to take effect from May 16, 2024.
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ATL Expands to 4.22 Million Amid SIM Blocking Fears
Karachi, May 13, 2024 – The Active Taxpayers List (ATL) has surged to 4.22 million individuals as the looming threat of SIM card blocking for non-compliance compelled previously non-compliant citizens to make tax filings, sources disclosed on Monday.
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Saudi Arabia Signals Investment in Pakistan’s Refinery Sector
Islamabad, May 11, 2024 – Saudi Arabia has signaled its eagerness to invest in Pakistan’s refinery sector, marking a pivotal moment in bilateral economic cooperation.
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PIA Poised to Resume European Flight Operations
Islamabad, May 11, 2024 – Pakistan International Airlines (PIA) is gearing up to spread its wings to Europe, marking a significant milestone in its service expansion.
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New Projection Shows KSE-100 Index to Reach 87K by Dec 2024
Karachi, May 11, 2024 – Topline Securities Limited, a leading brokerage firm, has released new projections for the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX), foreseeing significant growth in the coming months.
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Pakistan Commits No Tax Amnesty in 2024-25
Islamabad, May 11, 2024: Pakistan has pledged not to launch any tax amnesty schemes in fiscal year 2024-25 as part of its commitment to bolster the country’s fiscal sustainability and ensure continuous fiscal consolidation.
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Telecom Operators Begin Blocking SIMs of Non-Filers in Pakistan
Islamabad, May 10, 2024 – Pakistan’s telecom operators have begun the process of blocking mobile phone SIM cards belonging to individuals who have not filed their income tax returns.
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IMF Flags High Economic Risks in Pakistan Amid Uncertainty
Karachi, May 10, 2024 – The International Monetary Fund (IMF) on Friday issued a warning that Pakistan faces “exceptionally high” downside risks to its economic stability.
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Pakistan Stocks Soar to New Record High at 73,085 Points
Karachi, May 10, 2024 – The Pakistan Stock Exchange (PSX) witnessed a historic trading session on Friday, as the KSE-100 index rocketed to a new record close of 73,085 points, marking a substantial gain of 429 points from the previous day’s finish of 72,658.
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Pakistan Reports Notable Decrease in Weekly Inflation by 1.39%
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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