Sindh High Court (SHC) has dismissed the applications against JS Bank’s (PSX: JSBL) acquisition of majority shares and control of… Read More
FBR Increases Additional Sales Tax on Unregistered Persons to 4% in Finance Bill 2023
The Federal Board of Revenue (FBR) has increased the 3 percent sales tax (further tax) on unregistered persons to 4… Read More
Social Media Companies to Establish Virtual Offices in Pakistan
The dispute between social media companies and the Government of Pakistan over the revision of social media rules has been… Read More
Bayer Does Not Plan on Exiting Pakistan
Global Drug maker Bayer has decided to shift its strategic focus but has no plans to halt operations in Pakistan.… Read More
Cabinet Committee Approves Computer Emergency Response Team Rules
The Cabinet Committee for Disposal of Legislative Cases has approved the Computer Emergency Response Team Rules. Sources in the Ministry… Read More
FBR Launches Action Against Fashion Designers Forging Fake Sales Tax Invoices
The Federal Board of Revenue’s (FBR) Directorate of Intelligence & Investigation (Inland Revenue) Karachi has tightened rings against Fashion designers… Read More
Lucky Cement Moves Rs. 116 Billion Funds to Separate Capital Reserves
Lucky Cement Limited (PSX: LUCK) has decided to reclassify Rs. 116 billion from its revenue reserves to separate capital reserves… Read More
Karachi Port Terminals: UAE Takeover Deal Sent for Cabinet Approval
The Cabinet Committee on Inter-Governmental Commercial Transactions (CCoIGCT) has recommended the commercial agreement between Karachi Port Trust (KPT) and Abu… Read More
UAE Wants to Lease Karachi Port Terminals for 50 Years
The United Arab Emirates wants to lease the Karachi Port terminals for 50 years. Abu Dhabi Ports Company has offered… Read More
Attock Cement Receives $11.7 Million for Sale of 9 Million Shares in Iraqi Subsidiary
Attock Cement Pakistan Limited (PSX: ACPL) has received the first tranche of $11.7 million against the sale of 9 million… Read More
Textile Industry Seeks Continuation of Subsidized Energy Tariffs in FY2023-24
The All Pakistan Textile Mills Association (APTMA) has requested the federal government to continue the Regionally Competitive Energy Tariff (RCET)… Read More
Pakistan to Export Donkey Hides to China to Boost Trade Relations
In a big push to improve trade relations, the federal government has decided to export donkey hides, dry chilies, beef… Read More
