The Pakistani rupee (PKR) ended the week with gains against the US Dollar today after opening trade at 278 in… Read More
Pakistan Posts Current Account Surplus of $491 Million in April
Pakistan’s current account balance posted a surplus of $491 million in April 2024, according to data released by the State… Read More
Gold Price in Pakistan Falls After Successive Gains
After going up by Rs. 4,500 per tola over the last two days, the price of gold in Pakistan fell… Read More
Cabinet Directs Finance Ministry to Clear Dividends Owed to Chinese Firms
The federal cabinet has instructed the Finance Ministry to clear all dividends owed to Chinese companies operating in Pakistan. It… Read More
Pakistan May Seek $15 Billion Energy Debt Restructuring from China
Pakistan has prepared a proposal to seek a restructuring of $15.4 billion Chinese energy debt to lower electricity prices in… Read More
OGDCL Increases Oil Production at Khyber Pakhtunkhwa Well
Oil & Gas Development Company Limited (PSX: OGDC) has enhanced production at Nashpa Well-10 through Rigless interventions in the Datta,… Read More
Thatta Cement to Switch to Solar, Wind Energy to Cut Dependency on Grid Electricity by 50%
The Board of Directors of Thatta Cement Company Limited (PSX: THCCL) has approved in principle a green energy plan to… Read More
Bank Alfalah Gets SBP’s In-Principle Approval for Sale of its Bangladesh Operations
Bank Alfalah Limited (PSX: BAFL) Friday announced that the State Bank of Pakistan has granted it in-principle approval to facilitate… Read More
Govt May Hike Petroleum Levy to Rs. 100 Per Liter, Making Petrol a Lot More Expensive
The federal government is considering a move to levy a carbon tax on petroleum and similar products or increasing the… Read More
Experts Urge Need to Change Taxation Policies in Steel Sector
Experts at a consultative dialogue on taxation policies in the country’s steel sector on Thursday said there is need of… Read More
Govt Plans to Convert Three Imported Coal-Fired Power Plants to Thar Coal
The federal government plans to convert three plants currently running on imported coal to Thar coal. According to a report in Business… Read More
AGP Criticizes FBR’s Increased Reliance on Withholding Taxes
The Auditor General of Pakistan (AGP) has conveyed to the Federal Board of Revenue (FBR) that the withholding taxes are… Read More