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  • Day: May 7, 2024

Pakistan, Dutch, Australian Companies Announce Partnership to Introduce Superior Livestock

May 7, 2024

Despite being 4th largest milk producer in the world and a major sub-sector of agriculture, contributing along with livestock over 60 percent of value-added agriculture and 11.7 percent of the total GDP contribution, the dairy sector faces persistent…

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Pakistan Seeks $8 Billion Funding From World Bank in Next 4 Years

May 7, 2024

Pakistan has commenced discussions with the World Bank (WB) for a $8 billion Country Partnership Strategy (CPS) policy framework spread over four years.

The CPS, expected to span from FY 2025 to FY 2029, is still under discussion regarding its speci…

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SECP Proposes Enhanced Disclosures for Shariah Stock Screening of Listed Companies

May 7, 2024

The Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to the Fourth Schedule of the Companies Act, 2017.

These amendments enhance the list of disclosures made in the financial statements of listed companies for Shariah st…

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Chicken Price Falls by Rs. 78 in Punjab in Just a Day

May 7, 2024

Chicken prices have been reduced by Rs. 78 per kilogram in Punjab effective May 7, 2024.

The price of chicken in the local market is now Rs. 470 per kg, significantly down compared to Rs. 548 until yesterday.

The price of chicken farm broiler (live…

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SECP Allows Offering of Tailored Pension Allocation Schemes

May 7, 2024

The Securities and Exchange Commission of Pakistan (SECP) has introduced an enabling framework for tailored pension allocation schemes by the Employers Pension Fund (EPF) in order to make voluntary pension schemes feasible.

Further, the SECP has aut…

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FBR Forms Project Management Team to Monitor Implementation of Digitalization Process

May 7, 2024

The Federal Board of Revenue (FBR) has constituted a Project Management Team for Tax System Digitalization to monitor the implementation of the project.

According to a notification issued by the FBR on Tuesday, in pursuance of the agreement between …

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PM Urges Japanese Companies to Invest In Pakistan’s Automobile Industry

May 7, 2024

Prime Minister Shehbaz Sharif Tuesday urged Japanese companies to take full advantage of the vast potential for investment in the automobile industry of Pakistan.

The premier made these remarks during a meeting with a high-level Japanese business de…

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Inquiry Report on Track and Trace System Blames Former FBR Chairman

May 7, 2024

The five-member inquiry committee led by Secretary Finance Imdad Ullah Bosal to probe the Track and Trace System (TTS) has found the former FBR Chairman, Dr. Muhammad Ashfaq Ahmed, a former Member Inland Revenue Operations, and Project Director guilt…

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