Pakistan’s Federal Board of Revenue (FBR) has rolled out new reporting obligations for online marketplaces, courier companies, and payment intermediaries in an effort to plug tax loopholes and improve oversight of the country’s expanding digital economy. New Compliance Requirements for Digital Platforms Under changes introduced through SRO.1634(I)/2025, amendments have been made to the Income Tax…
Sindh’s provincial legislators have quietly approved a 200% salary increase for themselves, tripling their monthly earnings to nearly Rs450,000, even as much of the province struggles with inflation and stagnant wages. The raise, finalized after a cross-party committee meeting in Karachi, comes just weeks after the Sindh Assembly passed a bill authorizing the pay boost….
The Securities and Exchange Commission of Pakistan (SECP) is looking to open the country’s private fund market to a wider pool of investors, including individuals and foreign participants, in a move aimed at spurring growth in private equity and venture capital. Wider Investor Access Under proposals outlined in a July 2025 consultation paper, the regulator…
The National Assembly’s Standing Committee on Privatization has reviewed progress on the long-anticipated privatization of Pakistan International Airlines (PIA), with officials confirming that bidding is expected to open in the final quarter of this year. Committee chairman and MNA Farooq Sattar led the session on Monday, where the Privatization Commission briefed lawmakers on the ongoing…
The federal government is preparing a Rs. 27 billion financial package to address the deepening crisis at the Utility Stores Corporation (USC), a once-vital retail network now crippled by debt and stalled operations. The plan, set to be presented to the Economic Coordination Committee (ECC) for approval, comes as lawmakers raise alarm over unpaid salaries,…
Pakistan’s insurance sector has recorded remarkable growth in 2024, with total assets climbing to Rs. 3.55 trillion from Rs. 2.9 trillion a year earlier. The expansion was fueled largely by the continued rise of the takaful segment, which has become one of the most dynamic areas of the market. Premiums on the Rise Gross premiums…
European equities slipped on Wednesday as a sharp downturn in technology shares weighed on global markets, mirroring weakness in Asia and following a tough session on Wall Street. The region-wide STOXX 600 slipped 0.26%, with Germany’s DAX down 0.7%. In London, the FTSE 100 edged 0.11% lower after fresh data showed UK inflation rising to…
Amazon is pulling the plug on its Appstore for Android devices, officially ending support on August 20, 2025. The move signals a strategic retreat from competing with Google’s Play Store and a renewed focus on Amazon’s own hardware ecosystem, such as Fire tablets and Echo devices. What Happens to Existing Apps? Once the Appstore is…
Pakistan’s new fiscal year has started on a sour note as foreign investors continue to exit treasury bills (T-bills), undercutting one of the country’s most visible sources of short-term portfolio inflows. July, the first month of FY26, saw heavy sell-offs that outweighed the modest inflows recorded, exposing how fragile investor sentiment remains despite official claims…
In a significant expansion of its investigative reach, Pakistan’s Federal Board of Revenue (FBR) can now obtain internet usage logs and call records from telecom operators and internet service providers when pursuing suspected tax fraud. Under the new legal provisions, the FBR can demand subscriber details, call histories, technical data, and even import–export documentation directly…
Pakistan will host an International Monetary Fund (IMF) mission later this month for a critical progress check on its ongoing bailout program. Finance Minister Muhammad Aurangzeb confirmed that Islamabad has wrapped up all preparations for the scheduled review. The visit, set for the end of September, is part of the IMF’s 37-month Extended Fund Facility…
On the nation’s 78th Independence Day, Islamabad-based think tank Economic Policy & Business Development (EPBD) unveiled a first-of-its-kind “Wealth Perception Index 2025,” spotlighting Pakistan’s 40 most powerful business conglomerates. The list splits evenly between 20 public-listed giants and 20 privately held groups—many of which are now being tagged as “prospective dollar-billionaire” enterprises. Public Sector Titans…
The price of Liquefied Petroleum Gas (LPG) for the month of November 2023 is set to decrease, as announced by The Oil and Gas Regulatory Authority (OGRA). This price reduction is in line with the global market’s downward trend. According to OGRA’s notification, the cost of LPG will be reduced by Rs9.95 per kilogram, with…
Recently, the per tola price of gold in Pakistan experienced a substantial decrease of Rs1,2000, settling at Rs212,100, and the price for 10 grams of gold decreased by Rs1,028, reaching Rs181,842 in the domestic market, according to data from the All Pakistan Gems and Jewellers Association. In response to an increase in global prices, the…
On Friday, despite an increase in gold prices in the international market, the local market in Karachi witnessed a decrease in prices. According to the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of per tola gold saw a minor decrease of Rs50, closing at Rs211,300. Similarly, the price of 10 grams of 24-carat…
The gold rate in the country for a single tola of 24-karat is being traded at PKR 211,400 here on Wednesday, October 25, 2023. Similarly, the gold price for 24-karat was recorded at Rs 181,930 per 10g as per the bullion market. It is pertinent to mention that the gold price in Pakistan fluctuates several…
Gold prices in Pakistan are influenced by frequent changes, driven by shifts in global market trends. On Monday, the price for 24-karat gold per tola reached Rs209,000, and those interested in 22-karat gold can purchase it at Rs191,583 per tola. Even for individuals looking to buy smaller quantities, the rates remain attractive. Currently, 10 grams…
The international market has seen stable gold prices, with the current rate standing at $1,981 per ounce. As of Sunday, the price for 24-karat gold per tola in Pakistan reached Rs212,000, while 22-karat gold was available at Rs194,333 per tola. For those interested in smaller quantities, 10 grams of 24-karat gold were priced at Rs181,756,…
After the suspension of fuel supply by the Pakistan State Oil (PSO), the Pakistan International Airlines (PIA) has seen its flight operations come to a complete halt. A PIA spokesperson, as reported by ARY News, stated that the fuel supply suspension had led to the complete suspension of flight operations, resulting in the cancellation of…
The fluctuations in gold prices are closely tied to significant shifts in the value of the US dollar, highlighting the interdependence of currency values and gold prices. On the global stage, gold prices have experienced variations, with the current rate standing at $1,981 per ounce. The price of 24-karat gold per tola in Pakistan reached…
Internationally, gold prices have witnessed an upswing, with the current rate at $1,999 per ounce. This fluctuation in gold prices is linked to significant changes in the value of the dollar, highlighting the connection between currency values and gold prices. The price of 24-karat gold per tola in Pakistan reached Rs208,500 as of Friday. Presently,…
In Pakistan, the tola price has witnessed an increase of Rs6,400 in the domestic market, as reported by ARY News on Wednesday. According to Muhammad Arshad, the chairman of the All Pakistan Jewellers Manufacturers Association, the price of gold per tola has risen by Rs6,500, reaching Rs206,500. Similarly, the price of 10 grams of gold…
In early interbank trading on Wednesday, the US dollar strengthened further to reach Rs279, marking a Rs1.97 increase against the Pakistani rupee, breaking a losing streak that extended for over a month. Simultaneously, the open market witnessed a surge in the dollar’s value by Rs2.50, reaching Rs280. The rupee’s recent upward trajectory led to an…
Gold prices in Pakistan often fluctuate in response to shifts in global market trends. As of Tuesday, the price for 24-karat gold per tola reached Rs205,000. At the same time, individuals interested in 22-karat gold can secure it at Rs187,917 per tola. Even for those looking to purchase smaller quantities, the rates remain quite appealing….