FitchRatings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘CCC’. The upgrade reflects greater certainty over… Read More
Waves Home Appliances Receives Offer for Joint Venture From Big Foreign Company
Waves Home Appliances Limited has received an offer for a strategic alliance and joint venture from a major international player.… Read More
Foreign Companies in Pakistan Send Highest-Ever Profit Abroad in 6 Years
Foreign companies’ repatriation of profits and dividends rose to $2,215 million in the financial year 2023-24, up by 6.7x percent… Read More
Telcos Oppose Rightsizing of IT Ministry
Telecom operators have raised significant concerns over the rightsizing of the Ministry of IT and Telecom (MoIT&T). The Telecom Operators… Read More
MOL Discovers More Gas and Condensate in KP
The Hungarian Oil and Gas Public Limited Company MOL Group has discovered hydrocarbons at TAL Block in exploratory well Razgir-1,… Read More
LHC Prohibits FIA from Taking Coercive Measures Against FBR Officers
The Lahore High Court has barred the Federal Investigation Agency (FIA) from taking coercive measures against the Federal Board of… Read More
China, KSA, UAE to Help Pakistan Bridge External Financing Gap for ‘Last Ever’ IMF Loan: Aurangzeb
China, Saudi Arabia and UAE will support Pakistan in filling the external financing gap which will help get approval from… Read More
Govt Has Collected Data on 4.9 Million Non-Filers’ Homes, Assets, Cars, Will Start Taking Action Soon: Finance Minister
The federal government has collected all data on 4.9 million non-filers’ assets, houses, foreign travel, and cars and will start… Read More
IMF Strongly Opposes Delay in Increasing Electricity Rates for Middle-Income Consumers
The International Monetary Fund (IMF) has strongly opposed the federal government’s new proposal to delay increasing electricity bills of consumers using… Read More
Cabinet Division Warns Against Hackers Using WhatsApp, Phishing Emails to Target Govt Officials
The Cabinet Division has issued a cyber alert against hackers using WhatsApp and phishing emails to target government officials. In… Read More
CCP Allows Engro to Sell Its Thermal Energy Assets
The Competition Commission of Pakistan (CCP) has approved a merger application within the thermal energy assets portfolio. This transaction involves… Read More
Competition Tribunal Upholds CCP Penalty in Trademark Dispute
The Competition Appellate Tribunal (CAT) has dismissed the appeal filed by M/s Baba Plastic against the Competition Commission of Pakistan’s… Read More
