CCP Cracks Down on Fertilizer Cartel, Imposes Rs.375M Fine
The Competition Commission of Pakistan (CCP) has crack down on collusion in fertilizer sector, imposed Rs 375 million in fines on leading fertilizer industry associations.
Mehfooz
Bilal Meets Executive Director of Trump’s Council on Digital Assets for Strategic Talks
Minister of State for Crypto, Blockchain and CEO of the Pakistan Crypto Council Bilal Bin Saqib has met with the Executive Director of President Trump’s Council on Digital Assets, Robert ‘Bo’ Hines at the White House and discussed strategic alignment on digital assets, Bitcoin integration and the future of decentralized infrastructure.
Editor
FBR mulls doubling cash withdrawal tax for non-filers in Budget 2025
The Federal Board of Revenue (FBR) is considering a proposal to double the tax on cash withdrawals from banks for non-filers in the upcoming Budget 2025. The move is part of a broader plan to discourage informal economic activity and bring more people into the tax net.
SBP Declares Four-Day Eid-ul-Azha Holidays from June 6 to 9
The State Bank of Pakistan, announced 4-day Eid-ul-Azha holidays for the banking and financial sectors from June 6 to 9, 2025 and all the banks and financial institutions will remain closed for four days.
Adil Aziz
Pakistan’s Exports to US Surge 11.78% in 10 Months
Pakistan’s export of goods and services to the United States (US) witnessed an increase of 11.78 percent during the first ten months of fiscal year (2024-25).
Govt to Present Federal Budget 2025-26 on June 10
Advisor to the Finance Minister, Khurram Schehzad, has announced that the federal budget for the fiscal year 2025-26 will be presented on June 10, 2025.
PAFLA & Innovista forge partnership to empower over 50,000 Freelancers
Pakistan Freelancers Association (PAFLA), the national-level representative body of freelancers, and Innovista, a National Initiative of SIFC for collaborative workspaces and innovative platforms, have announced a strategic partnership aimed at creating transformative opportunities, including capacity building and business collaboration more than 50,000 freelancers every year across Pakistan.
Farooq Naseem, Chairman & CEO DWP Group, Inspires Future Leaders at UMT
Farooq Naseem, Chairman and CEO of DWP Group, delivered a keynote address at the University of Management and Technology (UMT), Lahore, for its flagship event titled “Business Leaders with Future Leaders,” which was moderated by President UMT, Ibrahim Hassan Murad. The event aimed to bridge the gap between academia and industry by connecting accomplished business leaders with aspiring students.
Bilal for establishing first strategic Bitcoin reserve
Minister for Crypto and Blockchain, Bilal Bin Saqib, has announced the establishment of the country’s first Strategic Bitcoin Reserve, marking a significant step toward positioning the nation as a global hub for digital innovation.
SECP Concludes Day 2 of Mutual Fund Focus Group 2025 with Actionable Insights
The second and final day of the Securities and Exchange Commission of Pakistan’s (SECP) 2025 Mutual Fund Focus Group Session, themed “Mutual Funds as Catalysts for Financial Inclusion and Economic Growth,” concluded on May 27 in Karachi. Building on the momentum of the first day’s discussions, the session engaged a new set of industry participants.