HeadlinesChinese giant BYD shows interest in Pakistan's electric vehicle sector
Dr. Gohar Ejaz, Caretaker Minister for Commerce & Industries informed the BYD delegation about the government's policy and the SIFC, expressing full support for their new ventures
Nov 23, 2023
HeadlinesPakistan seeks BRICS membership with Russia's help
The country's envoy to Moscow Muhammad Khalid Jamali stated that Pakistan had already submitted its application and was in contact with the member countries for their backing
Nov 23, 2023
HeadlinesFBR gives Nov 30 deadline to banks for paying 40% extra tax on windfall income
The tax authority cites the Income Tax Ordinance to justify an additional tax on windfall profits or gains due to abnormal market conditions
Nov 23, 2023
HeadlinesGovt establishes two advisory councils to increase export volumes
Both councils are tasked with devising an overarching strategy as the $100 billion export target approaches
Nov 23, 2023
HeadlinesPSX hits new record high as KSE-100 crosses 58,000 mark
The rally was fueled by improved market sentiments, as the country's economic indicators showed positive signs of recovery.
Nov 22, 2023
HeadlinesFauji Foods eyes Fauji Foundation’s equity stake in Fauji Infraavest Foods, Fauji Cereals
FFL is a leading company in the dairy and foods sector, selling products such as milk, yogurt, cheese, butter, juices and ice cream
Nov 21, 2023
HeadlinesPakistan assures IMF to increase petroleum levy revenue to Rs920bn
In the first quarter, the government already collected Rs222 billion under the petroleum levy, marking a substantial 367 percent increase compared to the same period last year
Nov 21, 2023
HeadlinesPRL inks agreements with Honeywell UOP, Axens to double refining capacity
The Refinery Expansion and Upgrade Project (REUP) aims to double PRL's capacity from 50,000 to 100000 barrels per day and transition from hydro skimming to EURO V-compliant fuels
Nov 21, 2023
HeadlinesCurrent account deficit narrows by 91% in October, stands at $74m
Although remittances increased to $2.5 billion in October, the four-month inflows recorded a 13.3 percent decline
Nov 21, 2023
HeadlinesConsumers to face Rs33bn burden due to Rs3.5/unit FCA hike
Nuclear power's contribution to the national grid fell to 19 percent, and local coal-based generation increased to about 14 percent
Nov 21, 2023
HeadlinesPakistan’s FDI up by 7% in first four months of FY2023-24
SBP data shows FDI in October 2023 was recorded at $122.46 million, down by 29.05% MoM from $172.6 million in September
Nov 21, 2023
HeadlinesPakistan issues tender to secure LNG cargo for January
Pakistan currently holds two long-term supply agreements with Qatar, one signed in 2016 for 3.75 million metric tons of LNG annually and another signed in 2021 for 3 million metric tons per year
Nov 20, 2023