Pakistan collects record Rs298 billion in tobacco taxes, but WHO warns of gaps in control measures
Despite tax reforms, Pakistan lags behind in implementing full tobacco control policies
Beco Steel: From the ashes of one rises another
The steel maker took over Ravi Textile in 2021 and is seeing stellar performance in its recent financials
Lahore High Court’s royalty decision gives Punjab’s cement manufacturers pricing disadvantage
While the ruling may still be appealed, it has given cement manufacturers in the province a decisive disadvantage relative to their counterparts based in Khyber-Pakhtunkhwa, where taxes are lower
In Bonnie Doon acquisition, Interloop seeks move up the value chain
The acquisition of the European operations of an American brand are a logical extension of the company’s strength in sock manufacturing
KP loses Rs583 million per day due to electricity theft and technical inefficiencies, report reveals
PESCO report shows province lost Rs193.4 billion in 11 months, with Bannu facing the highest losses at 73.86%; Losses attributed to political interference, lack of cooperation from local authorities, and outdated infrastructure
PM orders expansion of PNSC fleet to save $4bn in annual maritime trade costs
Due to less ships in PNSC fleet, the country spends $4 billion annually on maritime trade, says Shehbaz Sharif while chairing a high-level meetingÂ
Kohala Hydro seeks extension of Letter of Support for $2.5bn project to protect water rights under Indus Waters Treaty
Company requests LoS extension until September 30, 2027; stresses the timely development of 1,124 MW hydropower project is essential for Pakistan to protect its rights to Jhelum water
Textile exports rise 7.37% to $16.36 billion in 11 months of FY2024-25
Knitwear exports increased by 14.46% to $4.56 billion, while bed wear exports surged 10.56% to $2.84 billion compared to last year
Senate panel approves new power bill surcharges to repay circular debt
Consumers to face higher electricity costs as surcharge cap lifted under IMF-aligned fiscal reforms
Attock refinery signs agreement with Italian firm STP for $600 million upgradation project
Cost of the upgradation project estimated up to US$ 600 million
Federal cabinet approves Rs1.275 trillion bank loan to cut power sector circular debt
Markup for the loan set at 0.9percent below KIBOR
Interloop’s associate firm Textile Hub B.V acquires Bonnie Doon brand
Acquisition encompasses the global trademarks for the brand Bonnie Doon®, along with associated inventory and e-commerce infrastructureÂ
ECC directs shift from minimum indicative prices to open market pricing for tobacco crop
Ministry of National Food Security tasked with developing plan to phase out fixed tobacco prices in favor of market-driven rates
Pakistan’s big industry records 2.29% YoY growth in April
Automobile, cotton yarn, and garment industries show strong performance, while sugar, cement, and iron sectors experience declines
At PSO, circular debt stops growing
Consumer spending recovery helps stabilize company; better policy results in at least a stemming of the bleeding; and electric charging stations help prepare for the end of the age of oil