SECP has not provided evidence of alleged corruption in Multan Metro Bus project
KARACHI: Chairman Senate Standing Committee has asked the office of Securities and Exchange Commission of Pakistan (SECP) to provide the evidence regarding sufficient banking information...
Kohat Cement to enter the real estate development market
Manufacturer seeks to follow the footsteps of industry leader Lucky Cement, though it is unclear if it will tap the residential or commercial market first
Schon Properties, owners of Multan Sultan get assets seized by Dubai Land Department
It is pertinent to mention that Schon Properties own Pakistan Super League’s (PSL) Multan Sultan cricket team.
Cement despatches decline by 24.19% during March
ISLAMABAD: Cement despatches declined by 24.19% in March, 2023. Total cement shipments during March this year were 3.795 million tons against 5.006 million tons...
ECC decision on housing finance to be approved by Cabinet today
ISLAMABAD: The federal cabinet, scheduled to meet today (Tuesday) with Prime Minister Imran Khan will endorse the Economic Coordination Committee’s (ECC) decision on housing...
Contract inked for 660MW power production of JCFPP
ISLAMABAD: An Engineering, Procurement, and Construction (EPC) contract for the first unit with a capacity of 660MW (out of two units of 660MW each), and five years...
FBR details new tax rules for builders and developers
Tax body makes amendments to the Income Tax Ordinance 2001; new guidelines aim to enhance tax collection from the real estate sector
Cement industry capacity utilisation touches 99pc in January
ISLAMABAD: Domestic consumption of cement increased by a whopping 37.3 per cent in January 2018 on a year-on-year basis as the construction activities continue to...
Cement prices to go up by Rs50 per bag
LAHORE: Cement manufacturers nationwide have decided to jack up cement price by Rs50 per bag after the hike in fuel prices recently. Sources familiar...
Cement industry riding a profit boom but bracing for a softer quarter
Eid tends to slow down construction activity, but after a rough few years, the industry finally has some breathing room
RCCI President for broader tax base, business friendly policies
RAWALPINDI: President Rawalpindi Chamber of Commerce and Industry (RCCI) Zahid Latif Khan on Wednesday urged the Federal Board of Revenue (FBR) Chairman to introduce...
Rent control bill likely to be presented in NA’s next session, ICCI assured
ISLAMABAD: National Assembly (NA) Standing Committee on Interior Chairperson Khurram Shahzad Nawaz on Wednesday assured the business community that he would present the amended...
Cement sector profits surge 55% YoY in Q2FY25, exports rise 40%
Sector earnings reach Rs34.7bn, revenue climbs 21% QoQ; gross margins expand to 33%, driven by lower coal costs and improved dispatches; Lucky, Bestway and Fauji Cement accounted for 54% of total sector profits
China to provide assistance for PIA, aviation industry
ISLAMABAD: Pakistan and China have mutually agreed on extending their bilateral relations and to work collectively for the betterment of Pakistan International Airlines (PIA)...
Steel industry claims producers in erstwhile FATA/PATA evaded Rs150b in taxes
Industry association claims that manufacturers in former FATA/PATA misused tax exemptions to give themselves unfair advantage
