SNGPL AGM 2023-24 Summary
Financial Highlights Profit Before Tax: Rs. 29,843 million Profit After Tax: Rs. 18,977 million Earnings Per Share: Rs. 29.92 Dividend Approved: Rs. 7.50 per share (75%) Key Achievements Unaccounted for…
Rupee Continues Decline Against British Pound, US Dollar, and Other Major Currencies
Overview The Pakistani rupee (PKR) weakened against the US Dollar (USD), British Pound (GBP), and most major currencies on Wednesday, closing in the red. Performance Against US Dollar Day-on-Day (DoD)…
Federal Budget 2025-26: Major Tax Reforms Target Digital Economy and High Earners
The federal government is preparing comprehensive tax reforms worth approximately Rs. 600 billion for the upcoming 2025-26 budget, according to analysis by Topline Securities. These measures target various sectors including…
IMF Budget Negotiations Conclude with Conditions for Federal Budget 2025-26
The International Monetary Fund's negotiating team wrapped up its latest discussions on Pakistan's federal budget for 2025-26 today, though virtual talks are expected to continue following the official budget announcement.…
IMF Revises Pakistan’s GDP Forecast Downward to 2.6% Amid Declining Exports
GDP Growth Outlook The International Monetary Fund (IMF) has lowered Pakistan’s GDP growth forecast for FY2024–25 to 2.6%, down from 3.2% projected in October 2023, citing weak crop output, subdued…
PTA Targets Pakistani YouTubers for Anti-State Content
Rising Anti-State Content on Social Media Amid escalating tensions between Pakistan and India, a surge of anti-state content and hate speech has surfaced on social media, particularly YouTube. Several bloggers,…
Govt Plans to Increase Petroleum Levy in Upcoming Budget
Petroleum Development Levy (PDL) Cap Removal The federal government has decided to eliminate the cap on the Petroleum Development Levy (PDL), enabling a potential increase to Rs. 100 per liter…
Govt to Launch Digital Assets Authority to Regulate Pakistan’s $25 Billion Crypto Market
Embracing the Future of Finance The Ministry of Finance has unveiled a comprehensive strategy to regulate digital assets and boost Pakistan’s virtual asset economy. Establishment of the Pakistan Digital Assets…
New Tax to Increase Petrol and Diesel Prices Post-Budget
Introduction of General Sales Tax (GST) The federal government plans to implement a 3–5 percent General Sales Tax (GST) on petroleum products in the upcoming fiscal year to bolster domestic…
FBR Assures IMF of Crackdown on Tax Evasion in Retail, Real Estate, Tobacco Sectors
Enhanced Tax Compliance Measures High-Risk Taxpayer Identification: The Federal Board of Revenue (FBR) will utilize the CRM system to identify high-risk taxpayers in the retail, real estate, and corporate sectors…