The Federal Board of Revenue (FBR) has made it mandatory for outgoing international passengers to declare foreign currency of $5,000… Read More
Pakistan’s Growth Stunted by Inefficient Allocation of Resources: WB
Underlying Pakistan’s growth and productivity performance are political economy and governance challenges that hinder sound policymaking and implementation, says World… Read More
SECP Extends IFRS-9 Applicability Date for Non-Banking Finance Companies and Modarabas
The Securities and Exchange Commission of Pakistan (SECP) has extended the effective date for applicability of International Financial Reporting Standard… Read More
Moody’s Downgrades Rating of WAPDA
Moody’s Investors Service has downgraded Pakistan Water and Power Development Authority’s (WAPDA) corporate family rating (CFR) to Caa1 from B3… Read More
RUDA Barred From Working on Unpurchased Land
The Lahore High Court (LHC) has barred the Ravi Urban Development Authority (RUDA) from acquiring unpurchased land in defiance of… Read More
Car Prices Have Increased By Almost 47% Since January
Pakistani carmakers have increased the prices by up to 47% in the past 9 months. The companies have attributed the… Read More
Sindh Retakes Control of Karachi’s Major Hospitals From Federal Govt
The Government of Sindh has retaken administrative and financial control of three major hospitals in Karachi after they remained under… Read More
Planning Commission Employees Protest Disparity in Executive Allowance
The employees of the Planning Commission have protested against the disparity in executive allowances issued by the Ministry of Finance,… Read More
Flood Related Loss to Cotton Crop Alone Almost Touches Rs. 2.3 Trillion
The Ministry of Food Security has revealed that the recent flash floods have damaged 40 percent of crops in the… Read More
Govt Likely to Circumvent Future Investment Agreements Carrying Legal Risks
The federal government is likely to avoid future investment treaties and terminate agreements that carry legal risks. The government has… Read More
Govt to Finalize 8 Oil & Gas Exploration Permits By Next Week
The federal government will complete the process of granting Petroleum Exploration Licenses for eight relinquished Oil & Gas blocks in… Read More
Pakistan’s Armed Forces Participate in SCO’s Counter-Terrorism Exercises in India
Pakistan is currently participating in the Shanghai Cooperation Organization (SCO) Regional Anti-Terrorist Structure (RATS) drills that are underway in Manesar,… Read More
