The Pakistani rupee (PKR) closed in red after gaining two days in a row against the US Dollar (USD) today… Read More
50% of Pakistan’s Economy Runs on Black Money
Half of Pakistan’s economy is run on black money while tax authorities have now been cleared to hire 1,600 auditors… Read More
Saudi Fund Eyes Up to $1 Billion Stake in Pakistan’s Reko Diq
Saudi fund Manara Minerals is ready to acquire a 10-20 percent equity stake in Pakistan’s Reko Diq copper and gold… Read More
PECO Approves 5 Years of Stalled Annual Accounts Showing Losses of Rs. 1.2 Billion
The Board of Directors of Pakistan Engineering Company Limited (PECO), a public-listed company, has taken a decisive step toward revival… Read More
Pakistan’s Textile Exports Rise 5th Month in a Row
Pakistan Textile exports clocked in at US$ 1.5 billion in December 2024, up 6 percent year on year and 1… Read More
Ghani Chemical Industries to Issue Ordinary Shares of Wholly-Owned Subsidiary
The Board of Directors of Ghani Chemical Industries Limited (PSX: GCIL) has approved significant amendments to its scheme of arrangement… Read More
Electricity Consumers Likely to Be Allowed More Installments on Heavy Bills
The National Electric Power Regulatory Authority (NEPRA) has proposed allowing power consumers to pay their electricity bills in multiple installments… Read More
CCP Clears 95.59% Share Acquisition of Alfalah Securities by Optimus Capital
The Competition Commission of Pakistan (CCP) has approved the acquisition of a 95.59 percent shareholding in Alfalah Securities (Private) Limited… Read More
AIRLINK to Buy Industrial Plots for Rs. 572 Million to Expand Operations
Air Link Communication Limited (PSX: AIRLINK) has decided to buy industrial land worth Rs. 572 million, the company informed the… Read More
Reko Diq Copper-Gold Mine to Generate $74 Billion in 37 Years: CEO Barrick Gold
The Reko Diq copper and gold project will likely yield $74 billion over the next 37 years, according to Barrick… Read More
FTO Received Over 13,500 Complaints in 2024 and Helped Recover Rs. 22.7 Billion
The Federal Tax Ombudsman (FTO) made recommendations on 13,500 taxpayer complaints, but only 336 were challenged by the Federal Board… Read More
Govt Looking to Double Tax on Offshore Digital Services and Tougher Penalties for Fraud
The federal government is considering major changes to the Tax Laws Amendment Bill 2024 like imposing a 20 percent income… Read More
