Eight local tobacco companies and two multinational cigarette manufacturing companies have applied to the Federal Board of Revenue (FBR) for… Read More
PTA Issues Regulatory Initiatives for Affordable Telecom Services and Digital Transformation
Critical frameworks have been developed by the Pakistan Telecommunication Authority (PTA) for the digital transformation of Pakistan as envisioned in… Read More
Sitara Peroxide Ltd Stops Production Due to Import Restrictions
Sitara Peroxide Limited (PSX: SPL) has stopped all production activities on a temporary basis. According to a stock filing, the… Read More
PTA Member Compliance and Enforcement Relinquishes Charge After Completing Term
Pakistan Telecommunication Authority (PTA) Member (Compliance & Enforcement) Dr. Khawar Siddique Khokhar has left the charge of the post. Sources… Read More
Beco Steel Halts Production Due to LC Restrictions
Beco Steel Limited (PSX: BECO) has suspended production activities until further notice. In a stock filing, the company explained that… Read More
US Dollar Restriction Issue Will Be Resolved Soon: SBP Governor
Governor of the State Bank of Pakistan (SBP) Jameel Ahmad has assured that the issue of dollar restrictions will be… Read More
Saudi Fund for Development to Finance Pakistan’s Oil Derivatives Worth $1 Billion
In the implementation of the directives from King Salman bin Abdulaziz Al Saud, and Crown Prince Mohammed bin Salman, the… Read More
FBR Excludes Smuggling From 2022’s Customs Duty Deficit of Rs. 358 Billion
The Federal Board of Revenue (FBR) has not included the impact of smuggling on customs duty collection while finalizing the… Read More
Govt Unlikely to Increase Profit Margins for Oil Companies this Week
The government is unlikely to implement a promised increase in the margins of oil marketing companies (OMCs) this week because… Read More
IMF Wants Pakistan to Raise Power Tariff by Up to Rs. 7.5 per Unit
Electricity bills are likely to go higher in the coming cycles as the International Monetary Fund (IMF) has urged Pakistan… Read More
NA Panel Approves Imports and Exports (Control) Amendment Bill 2022
The National Assembly Standing Committee on Commerce unanimously recommended that “The Imports and Exports (Control) (Amendment) Bill, 2022 (Government Bill)… Read More
Diamond Foam Makers Halt Production in Pakistan
Diamond Industries Limited (PSX: DIIL) has suspended its manufacturing operations till further notice. In a stock filing, DIIL said it… Read More
