Federal Tax Ombudsman (FTO) has asked the Federal Board of Revenue (FBR) and State Bank of Pakistan (SBP) to resolve… Read More
PTCL Posts 45.2% Profit Growth in First 9 Months of 2022
Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its financial results for the… Read More
Pakistan’s Agri Exports to Afghanistan Increase 67% in Q1FY23
Pakistan’s agricultural exports to Afghanistan increased by 67 percent to $127.95 million during the first quarter of FY23 compared to… Read More
Cut-off Yields on Fixed Rate PIBs Down by Up To 30 BPS
The cut-off yields on the fixed-rate Pakistan Investment Bonds (PIBs) were down by up to 30 basis points (bps) in… Read More
PSM Saving Over Rs. 240 Million a Month due to Employees’ Retrenchment
In the wake of the Pakistan Steel Mills (PSM) privatization process, 5,670 employees have been retrenched so far which resulted… Read More
FBR Holds Review Meeting on $400 Million World Bank-Funded Revenue Project
The Federal Board of Revenue (FBR) Wednesday reviewed in detail the timelines for the implementation of the tax reforms, automation,… Read More
30 Companies Given Licenses for Local Manufacturing of Mobile Phones
The Ministry of Industries and Production on Wednesday informed the National Assembly that under the Mobile Device Manufacturing Policy, 30… Read More
Telenor Group Announces Formation of Telenor Asia
Telenor Group has announced the formation of Telenor Asia, a more independent regional entity with headquarters in Singapore. Telenor Asia… Read More
Pakistan Petroleum Makes Gas and Oil Discovery in Sindh
Pakistan Petroleum Limited (PPL) has made a gas/condensate discovery resulting from its exploratory efforts at Shahpur Chakar North X-1 Well… Read More
IMF Projects Decline in Pakistan’s Gross Debt in FY23
The International Monetary Fund (IMF) has projected a decline in the government gross debt for Pakistan from 77.8 percent of… Read More
PSO Wins Court Case Worth Millions Against Gunvor Group Over LNG Dispute
State-run Pakistan State Oil (PSO) has won an arbitration case against multinational commodity trading company Gunvor Group Ltd. regarding excess… Read More
Sindh Govt to Take Over HESCO and SEPCO
The Government of Sindh formally approved the acquisition of Hyderabad Electric Supply Company (HESCO) and Sukkur Electric Power Company (SEPCO)… Read More
