Saudi Arabia’s Wafi Energy has officially expressed intent to acquire 77.42 percent shares of Shell Pakistan Limited (PSX: SHEL), manager… Read More
Caretaker Govt Finally Increases Gas Prices
The Economic Coordination Committee (ECC) in an emergency meeting approved the revised natural gas tariff for Export as well as… Read More
Tobacco Companies Experience 32% Production Drop Amid FED Imposition: FBR
The production of multinational tobacco companies has declined by 32 percent due to the imposition of Federal Excise Duty (FED).… Read More
Price of Gold in Pakistan Declines By Rs. 1,200 Per Tola
The price of gold in Pakistan fell by Rs. 1,200 per tola on Monday to close at Rs. 212,100. According… Read More
CCP Sets Up Intelligence Unit for Robust Market Surveillance
The Competition Commission of Pakistan (CCP) has launched a new Market Intelligence Unit (MIU). Its objective is to create advanced… Read More
DG Khan Cement Posts 70% Profit Growth in Q1 FY24
D.G. Khan Cement Company Limited (PSX DGKC) announced its financial result for 1QFY24 today, posting an unconsolidated profit after tax… Read More
Lotte Chemical Extends Production Hiatus Till 12 November
Lotte Chemical Pakistan Limited (PSX: LOTCHEM) has extended the suspension of its plant operations until 12 November 2023 the company… Read More
Caretaker Govt Defers Plan to Raise Gas Rates Ahead of IMF Review
The caretaker federal cabinet chaired by Prime Minister Anwarul Haq Kakar on Monday again deferred the decision to increase gas… Read More
Pakistani Listed Banks Post Record Profitability of Rs. 163 Billion in Q3 2023
Pakistan listed banks’ profitability increased to record Rs. 163 billion, up 95 percent year-on-year (YoY) in 3Q2023. According to Topline… Read More
SBP Keeps Interest Rate Unchanged
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged… Read More
FTO Demands Punishment Against Customs Over £10,000 Seizure
Federal Tax Ombudsman (FTO) has recommended the Federal Board of Revenue (FBR) write to the DG Civil Aviation Authority to… Read More
Xiaomi to Start Making TVs in Pakistan
Leading global tech giant Xiaomi has decided to manufacture smart televisions for sale in the Pakistan market, Air Link Communication… Read More
