The federal government has shared with the International Monetary Fund (IMF) a plan to substantially increase gas prices next fiscal year for various sectors including domestic users, fertilizer plants, CNG stations, and cement factories, prominent s…
Innovative Pvt Ltd (IPL) Clinches ‘Best Performance Award’ At Diebold Nixdorf Partner Summit 2024
Innovative Pvt Ltd (IPL) has once again proven its market leadership by securing the prestigious ‘Best Performance Award’, recognized as the top award of the region, at the Diebold Nixdorf Partner Summit 2024. This marks the fourth consecutive year t…
Euronet Focuses on Card Processing, & Withdraws its Bulk Transfers and Instant Credits PSO/PSP License
Euronet Pakistan, the largest card processor in Pakistan and a global leader in payment processing and transaction services is realigning its strategic focus and will no longer pursue its PSO/PSP license for Bulk Transfers and Instant Credits.
This …
SNGPL Urges Petroleum Division to Help Settle Rs. 84 Billion Payment to PSO
Sui Northern Gas Pipelines Limited (SNGPL) has urgently asked the Petroleum Division to help settle outstanding dues of Rs. 84 billion owed to Pakistan State Oil (PSO) by May 31, 2024.
This payment is crucial for clearing RLNG supplies and equalizin…
SECP Commissioner Launches NBFI, Modaraba Year Book 2023
The Commissioner, Specialized Companies Division, SECP, Mujtaba Ahmed Lodhi, has launched the NBFI and Modaraba Association of Pakistan’s Year Book 2023, which contains vital information regarding the NBFI and Modaraba sector.
The launch ceremon…
Govt Order to Block Non-Filer SIMs Still in Effect: Islamabad High Court
The Islamabad High Court on Wednesday held a hearing on the case of the federal government’s decision to block mobile phone SIMs of non-filers.
The session focused on an application to dismiss the stay order on taking action against telecom companie…
Govt Seeks Rs. 20 Billion in Upcoming Budget to Control Social Media
The federal government wants Rs. 20 billion next fiscal year to not just enhance cybersecurity but also to regulate and better control social media across the country.
With this, only social media companies with local offices in Pakistan will be all…
Telcos Have so Far Blocked SIMs of 9,000 Non-Filers
Telecom operators have so far blocked mobile SIMs of 9,000 non-filers under directives of the Federal Board of Revenue (FBR).
A spokesperson of the FBR said on Wednesday that telecom operators have sped up the process of blocking SIMs. The spokesper…
Govt to Prepare Upcoming Budget in Consultation with IMF
The federal government will prepare the budget for the upcoming fiscal year (FY25) in consultation with the International Monetary Fund (IMF).
Sources told ProPakistani that talks are underway with the IMF for the preparation of the FY25 budget. Und…
Crescent Star Insurance Shares Update on Settlement with Dost Steels
Crescent Star Insurance Limited (PSX: CSIL) Wednesday announced that it has started receiving money from advance given to Dost Steels Ltd (DSL), in continuation of the arrangements made.
‘Further to information shared by Crescent Star Insurance Limi…
Raqami Islamic Digital Banking and 1LINK Join Forces to Revolutionize Digital Financial Services
Raqami Islamic Digital Bank Ltd. (RIDBL), one of five aspirants to the digital retail bank license under the Licensing and Regulatory Framework for Digital Banks, 2022 is thrilled to announce a strategic partnership with 1LINK, Pakistan’s largest Pay…
FBR Restricts Entry of Visitors At Main Office Amid Budget Preparations
The Federal Board of Revenue (FBR) has restricted the entry of visitors at its main headquarters to ensure confidentiality and security of the budget preparation process.
According to a circular issued by the tax machinery, only the FBR Chairman, Ta…