The Higher Education Commission (HEC) has announced the Innovator Seed Fund (ISF) 2022-23 in order to develop a culture of… Read More
SECP to Adopt Risk-Based Approach for Prescribing Auditors for Regulated Entities
The Securities and Exchange Commission of Pakistan (SECP) has decided to adopt a risk-based approach for prescribing a single Panel… Read More
Banking Sector’s Tax Contribution Surges by Over 80% in H1 2022
The imposition of multiple taxes on the banking sector has increased its tax contribution by 83% in the first half… Read More
Customs Seizes Luxury Imported Phones Worth Rs. 10 Million at Islamabad Airport
Pakistan Customs has confiscated luxury imported phones worth Rs. 10 million at Islamabad Airport. According to sources, a customs inspector… Read More
Total Cost of Damages and Needs Due to Floods Over $45 Billion: Minister
Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Monday said that the preliminary estimates suggest that total… Read More
Dar Stresses Need to Utilize Potential of Pakistan Development Fund
Finance Minister Ishaq Dar Monday stressed the need for exploration of the real potential of Pakistan Development Fund Limited (PDFL)… Read More
Pakarab Fertilizers to Amalgamate With Fatima for Business Expansion
Fatima Fertilizer Company Limited (FATIMA), one of the fastest-growing industrial conglomerates in Pakistan, on Monday announced that its Board of… Read More
PM Shehbaz Inaugurates $150 Million US-Funded Hydropower Project at Mangla
Prime Minister Shehbaz Sharif Monday inaugurated the refurbishment project of units five and six of Mangla dam aimed at bolstering… Read More
GSKCH Will Now Be Called Haleon Pakistan Ltd
GlaxoSmithKline Consumer Healthcare (GSKCH), a subsidiary of GlaxoSmithKline Consumer Healthcare B.V, has decided to change its name to ‘Haleon Pakistan… Read More
Russia Will Sell Petrol and Diesel to Pakistan at a Discount: Minister
Federal Minister of State for Energy (Petroleum Division) Musadik Malik Monday announced that Russia has agreed to provide crude oil… Read More
Rupee Falls Against US Dollar As Default Scare Erases Gains
The Pakistani Rupee (PKR) was all red against the US Dollar (USD) and posted losses during intraday trade today. It… Read More
Low Real Estate Taxes and Import Duties to Blame for Pakistan’s Failing Economy: World Bank
Pakistan is stuck in a cycle of repeated external crises owing to distortions such as under-taxed real estate, import duties… Read More
ECC Approves Import of 580,000 Tonnes of Wheat on G2G Basis
The Economic Coordination Committee (ECC) of the cabinet on Monday approved the import of 580,000 tonnes of wheat on a… Read More
Pakistan’s Cotton Production Falls Dramatically Yet Again
Pakistan’s cotton output decreased by over 40 percent year-on-year (YoY), according to the latest fortnightly data released by the Pakistan… Read More
Pakistan Achieves New Milestone for Local Phone Manufacturing in 2022
Local manufacturing plants have manufactured/assembled 18.14 million phones handsets during the first ten months – January to October 2022 –… Read More
