/ Jul 17, 2026
CATEGORIES:

Faraz Ali Ansari

Property Withholding Tax reduced for filers under Pakistan Budget 2026

Pakistan Slashes Property Withholding Tax for Filers to Revive Stagnant Real Estate Market

ISLAMABAD: The federal government has introduced a significant decrease in withholding tax rates pertaining to property dealings for tax filers, indicating another attempt on the part of the government to boost up the underperforming real estate industry of the country through documented investments. The Finance Minister of Pakistan, Muhammad Aurangzeb, stated during the presentation of ... Read more
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Itanz Technologies secures a $3.5 million contract with a major Middle East telecom operator for an IoT and analytics rollout

Pakistani Tech Firm Lands Massive Multi-Million Dollar Deal With Middle East Telecom Giant

KARACHI: ITANZ Technologies Limited has officially announced a landmark agreement to spearhead a large-scale IoT and Analytics rollout for one of the Middle East’s most significant telecommunications operators. This major partnership marks a pivotal expansion for the firm, underscoring its growing international influence in the high-stakes technology sector. The contract, which promises to reshape the ... Read more
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Pakistan Petroleum Consumption rises 3.5% in FY2025-26 as transport sector fuel demand drives overall energy consumption growth

Pakistan Petroleum Consumption Rises 3.5% Despite Global Energy Uncertainty

ISLAMABAD: Pakistan’s total petroleum products consumption grew 3.5% in the current fiscal year compared to the previous year, according to the Pakistan Economic Survey, as a broad-based recovery in transport activity drove fuel demand across the country. The transportation industry was at the forefront here with an increase in petroleum use of 6.7%, constituting 82% ... Read more
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Bank Makramah acquisition announcement following DM Holdings consortium stake bid

DM Holdings Consortium Moves to Acquire Significant Stake in Bank Makramah

KARACHI: Bank Makramah Limited (BML) officially confirmed receiving a formal acquisition notice today, signaling a potential ownership shift at the financial institution. The bank has informed the Pakistan Stock Exchange that a consortium headed by DM Holdings Limited will acquire a sizeable amount of voting shares. The Board of Directors of Bank Makramah Limited received ... Read more
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