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SECP Approves Major Amendments to Strengthen Pakistan Insurance Sector

01-Mar-2025
The Securities and Exchange Commission’s (SECP) Policy Board has approved major changes to the insurance regulatory framework, which includes amendments to the Insurance Rules, 2017, Insurance Account...
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SECP Approves Major Amendments to Strengthen Pakistan Insurance Sector

Pakistan Boosts Debt Strategy, Secures $1B Loan and Prepares for IMF Talks

01-Mar-2025
Pakistan has fulfilled a crucial requirement set by the International Monetary Fund (IMF) by enhancing its debt maturity profile and securing a $1 billion foreign commercial loan scheduled for April, ...
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Pakistan Boosts Debt Strategy, Secures $1B Loan and Prepares for IMF Talks

CAT Restarts Operations with New Leadership After Hiatus

28-Feb-2025
The federal government has revamped the Competition Appellate Tribunal (CAT) by appointing a new chairman and two members, effectively reinstating its operations after a period of inactivity.A notific...
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CAT Restarts Operations with New Leadership After Hiatus

PM Rejects Proposal to Lift Dual Nationality Ban for SBP Positions

28-Feb-2025
Prime Minister Shehbaz Sharif has blocked a proposal that would have allowed dual nationals to hold important roles in the State Bank of Pakistan (SBP), including positions such as governor, deputy go...
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PM Rejects Proposal to Lift Dual Nationality Ban for SBP Positions

Rising Electricity Costs Expected This Summer Amid Water Shortages

28-Feb-2025
The government has signaled that electricity prices might rise this summer due to a decrease in water levels available for hydropower generation, increasing reliance on more expensive imported fuels. ...
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Rising Electricity Costs Expected This Summer Amid Water Shortages

New FBR Amendments to EFS. Stricter Rules & Penalties Ahead!

28-Feb-2025
The Federal Board of Revenue (FBR) has put forward significant modifications to the Export Finance Scheme (EFS) to combat misuse and improve tax adherence. These revisions, announced under SRO204 of 2...
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New FBR Amendments to EFS. Stricter Rules & Penalties Ahead!

Private Sector Loans Plunge by 50 percent, Threatening Economic Growth Targets

28-Feb-2025
The private sector has significantly reduced its borrowing from banks, returning nearly 50% of the loans within a month, signaling a lack of confidence in business growth and a slowdown in investment ...
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Private Sector Loans Plunge by 50 percent, Threatening Economic Growth Targets

SHC Upholds Windfall Tax on Banks, FBR Collects Rs72 Billion

26-Feb-2025
The Sindh High Court (SHC) has rejected the petitions challenging the application of Section 99D of the Income Tax Ordinance 2001 and the SRO 1588 (I) of 2023, which pertain to the imposition of a win...
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SHC Upholds Windfall Tax on Banks, FBR Collects Rs72 Billion

SBP Governor Calls for Banks to Support SMEs & Drive Economic Growth

26-Feb-2025
Jameel Ahmad, the Governor of the State Bank of Pakistan (SBP), has urged commercial banks to rethink their current business strategies and focus more on extending credit to small and medium-sized ent...
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SBP Governor Calls for Banks to Support SMEs & Drive Economic Growth

PAC Takes Action on Trillions in Unpaid Electricity Dues

26-Feb-2025
The Public Accounts Committee (PAC) has called for the details of the top 300 electricity defaulters as public and private entities collectively owe trillions of rupees to power distribution companies...
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PAC Takes Action on Trillions in Unpaid Electricity Dues
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