The Government of Pakistan will formally request China to include Babusar Top Tunnel in the China-Pakistan Economic Corridor (CPEC) umbrella… Read More
Govt to Launch Rs. 42 Billion Breakwater Project in Gwadar Port Area
The government has decided to launch a project worth Rs. 42.19 billion for the construction of a breakwater at Jebel-e-Nuh… Read More
STZA Pens Letter of Intent With China’s SEDA for Boosting Tech Cooperation
Shenyang Economic and Technological Development Area (SEDA) of China and the Special Technology Zones Authority (STZA) of Pakistan have signed… Read More
EDB Planning to Reduce Power Equipment Import Bill
The Engineering Development Board (EDB) has initiated the preparation of the Power Sector Indigenization Plan (PSIP) for the development of… Read More
Steel Products Prices Up by Rs. 3,000 Per Ton
The domestic prices of steel products have crossed the Rs. 253,000 per ton mark due to a sudden surge in… Read More
Fitch Ratings and Moody’s Expect Pakistan to Secure $1.2 Billion IMF Loan
Fitch Ratings and Moody’s Investor Service have tipped Pakistan to successfully receive $1.2 billion from the International Monetary Fund (IMF),… Read More
Dawood Hercules Corporation Limited to Invest Rs. 375 Million in Empiric AI
Dawood Hercules Corporation Limited has decided to invest Rs. 375 million in its wholly-owned subsidiary, Empiric AI. A notification issued… Read More
ICI Pakistan Plans to Acquire 75% Stake in LOTTE Chemical Pakistan
ICI Pakistan Limited has expressed a plan to acquire approximately 75.01 percent shares of Lotte Chemical Pakistan Limited (LOTCHEM), according… Read More
Allied Bank Introduces Pakistan’s First Cash Recycling ATMs
To further enhance the banking experience of its customers, Allied Bank has entered into a strategic partnership with Rayyanco Business… Read More
Tax on Deemed Income of Real Estate Challenged in Court
The taxation measure of Rs. 30 billion, enforced through the Finance Act 2022 to levy tax on deemed income of… Read More
Power Tariff Hike to Raise Electricity Rates Up to Rs. 41.21 Per Unit
An increase in base power tariff will raise the electricity rates of some residential consumers with high consumption to Rs.… Read More
Pakistan and India Rank Poorly on Global Tax Concessions List Topped by Russia: Report
Russia tops the world in granting tax exemptions to its citizens, which is essentially an estimated 14.8 percent of its… Read More
