Day: May 20, 2024

The National Accounts Committee (NAC) meeting is set to meet tomorrow (Tuesday) to conclude the calculations for Pakistan’s economic indicators for the current fiscal year (FY24). The government had set the GDP growth target for the FY24 at 3.5 percent, with sectoral growth of 3.5 percent in agriculture; 3.4 percent

National Bank of Pakistan (NBP) and TouchPoint, a leading provider of self-service solutions, have solidified their strategic partnership to expand the reach and optimize the efficiency of over 1,200 Diebold Nixdorf ATMs across NBP branches nationwide. The official signing ceremony, held at the National Bank Head Office in Karachi, marked

Special Technology Zones Authority (STZA) of Pakistan has successfully transitioned its manual procurement processes to e-procurement, marking a significant milestone in the country’s technological advancement. The adoption of e-procurement aimed at promoting transparency, accountability, and efficiency in public procurement practices as per PPRA directives. The shift to e-procurement streamlines the

The Ministry of IT has established a project management unit (PMU) for the DEEP project, with Director General IT Asfandyar Khan temporarily appointed as the Project Director. In addition to the main PMU at the Ministry of IT, two more units have been set up at Ignite and the National

The federal government has decided to start an inquiry against the former Secretary in-charge of National Food Security and Research in connection with the wheat scam. Sources told ProPakistani that the Establishment Division has forwarded a summary to Prime Minister Shahbaz Sharif seeking approval of starting an inquiry against former

The government has decided to increase reliance on withholding taxes in the coming budget (2024-25) to take additional taxation measures of Rs. 1.2 trillion to Rs. 1.3 trillion from 2024-25. Sources told ProPakistani that the government would increase rates of withholding taxes on financial transactions of non-filers and increased tax

Energy Minister Awais Leghari said the federal government had no plans to end solar net-metering next fiscal year. Addressing reporters at LESCO headquarters, Leghari denied recent reports of quashing solar net-metering, arguing that the scheme still remains a priority for the government. Last week it was reported that the government

The State Bank of Pakistan has granted approval to Bank Alfalah Limited (PSX: BAFL) to commence due diligence of Samba Bank Limited, the bank informed the main bourse on Monday. ‘We are pleased to inform you that the State Bank of Pakistan has granted its approval to BAFL to commence