The federal cabinet has instructed the Finance Ministry to clear all dividends owed to Chinese companies operating in Pakistan. It… Read More
Pakistan May Seek $15 Billion Energy Debt Restructuring from China
Pakistan has prepared a proposal to seek a restructuring of $15.4 billion Chinese energy debt to lower electricity prices in… Read More
OGDCL Increases Oil Production at Khyber Pakhtunkhwa Well
Oil & Gas Development Company Limited (PSX: OGDC) has enhanced production at Nashpa Well-10 through Rigless interventions in the Datta,… Read More
Thatta Cement to Switch to Solar, Wind Energy to Cut Dependency on Grid Electricity by 50%
The Board of Directors of Thatta Cement Company Limited (PSX: THCCL) has approved in principle a green energy plan to… Read More
Bank Alfalah Gets SBP’s In-Principle Approval for Sale of its Bangladesh Operations
Bank Alfalah Limited (PSX: BAFL) Friday announced that the State Bank of Pakistan has granted it in-principle approval to facilitate… Read More
Govt May Hike Petroleum Levy to Rs. 100 Per Liter, Making Petrol a Lot More Expensive
The federal government is considering a move to levy a carbon tax on petroleum and similar products or increasing the… Read More
Experts Urge Need to Change Taxation Policies in Steel Sector
Experts at a consultative dialogue on taxation policies in the country’s steel sector on Thursday said there is need of… Read More
Govt Plans to Convert Three Imported Coal-Fired Power Plants to Thar Coal
The federal government plans to convert three plants currently running on imported coal to Thar coal. According to a report in Business… Read More
AGP Criticizes FBR’s Increased Reliance on Withholding Taxes
The Auditor General of Pakistan (AGP) has conveyed to the Federal Board of Revenue (FBR) that the withholding taxes are… Read More
SECP Enables Digital Lenders to Launch Novel Solutions
The Securities and Exchange Commission of Pakistan (SECP) has unveiled a comprehensive framework for digital lenders to launch innovative products… Read More
SBP Reserves Stable at Just Above $9 Billion
The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $15 million on a weekly basis… Read More
PTA Announces Unlicensed RLAN Operation (Wi-Fi 6E) in 6 GHz Band in Pakistan
The Pakistan Telecommunication Authority (PTA) announced 6 Gigahertz (GHz) spectrum band for unlicensed operation for RLAN in Pakistan. With unlocking… Read More