The Federal Board of Revenue (FBR) has rescinded SRO.178(I)/2023 which considerably increased the Federal Excise Duty on cigarettes from Feb… Read More
Fraud Mobile App Rips Pakistanis of a Whopping Rs. 25 Billion
A so-called online ‘investment app’, JawaEye, has deprived thousands of Pakistanis of their hard-earned money with some estimates putting the… Read More
80 Illegal Housing Societies Sealed in Faisalabad in First 3 Months of 2023
During the first quarter of 2023, the Faisalabad Development Authority (FDA) took decisive action to clamp down on illegal housing… Read More
Pakistan Gets Asia’s First ‘Blue Road’ in Lahore
Central Business District (CBD) Punjab has introduced the ‘Blue Road’ concept in Lahore. Citing officials, a media report stated that… Read More
Lucky Cement Earned Record Profit of Rs. 48.5 Billion Despite Tough Economic Conditions
Lucky Cement Limited achieved its highest-ever consolidated profit after tax of Rs. 48.5 billion for the nine months period ended… Read More
Margalla Road Gets Damaged Before Inauguration
The long-awaited Margalla Avenue has developed massive cracks prior to its official inauguration. The passage between G.T. Road to D-12… Read More
World Bank Asks Pakistan to Focus on Human Development
The World Bank’s report, Pakistan Human Capital Review (HCR), Building Capabilities Throughout Life, underlines the need for Pakistan to significantly… Read More
High Availability of Non-Tax Paid Cigarettes Stops Govt’s Plan to Reduce Smoking
The federal government’s efforts to reduce cigarette consumption by raising the tobacco tax rate have failed due to the open… Read More
Silkbank to Pursue Potential Merger With UBL
Silkbank Limited (PSX: SILK) has reviewed and considered the UBL proposal and granted its approval to the management of the… Read More
LDA Launches Internal Scrutiny of Land Record
The Lahore Development Authority (LDA) has initiated an internal investigation into its land records to combat instances of double compensation/exemption… Read More
Agriauto Industries Ltd to Observe Partial Shutdown This Month
Agriauto Industries Limited (AGIL) has announced a partial shutdown in May 2023. In a stock filing, the company said it… Read More
Pakistan Wastes $4 Billion Worth of Food and Govt Campaign Will Try to Fix it
Pakistanis waste food worth $4 billion annually and the government is planning to start a campaign to reduce wastage at… Read More
