The author is an Assistant News Editor at Profit by Pakistan Today. His works have been published in Dawn, Express Tribune, LiveMint India, Huffingtonpost India and The News on Sunday. He tweets @MohammadFarooq_
EconomyIMF called for more exchange rate flexibility, monetary policy tightening, further fiscal adjustment linked to medium-term consolidation strategy and strengthening the performance of key public enterprises clubbed with further rises in power and gas tariffs
HeadlinesIn the end of July, Inner Mongolia Yili Industrial Group Co had submitted an investment intention letter to acquire a 51 percent stake in Fauji Foods
HeadlinesIn late February, HNL had announced the incorporation of HM as its wholly-owned subsidiary and enter the online grocery business in Pakistan
EconomyThe govt responded to this conundrum by correspondingly decreasing the applicable sales tax rates on high-speed diesel from the current 22 percent to 17.5 percent for high-speed diesel (HSD), for petrol from 9.5 percent to 4.5 percent and kerosene oil from 6 percent to 1.5 percent
HeadlinesIn April, BankIslami had announced Syed Amir Ali would be appointed as the new CEO of BankIslami in place of Hasan A. Bilgrami.
EconomyThe central bank has downgraded GDP growth to 5.0 percent for FY19 from 5.5 percent previously
HeadlinesThe power sector regulator opposed any move to reduce power tariff for end-consumers, cautioning any such move being contemplated by the government could impact upcoming power projects
EconomyThe report said a widening of the external debt position which had touched $92 billion or 31 percent of GDP had raised worries about its sustainability
HeadlinesThe company said it expects an increase in profitability of the business by sale of lubricant products in the upcoming financial year
HeadlinesThe block is operated by OGDC with 72 percent stake along with 17.5 percent and 10.5 percent stake of GHPL and ZPCL respectively
EconomyDr Atif R. Mian's removal from the EAC on Friday resulted in Dr Asim Ijaz Khawaja resigning from his post and Dr Imran Rasul followed suit on Saturday by tendering his resignation
HeadlinesEngro Polymer & Chemicals Limited derives hydrogen as part of its caustic manufacturing process