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highest losses at 73.86%; Losses attributed to political interference, lack of cooperation from local authorities, and outdated infrastructure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 meeting 

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

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 infrastructure 

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