Abbotabad RTO comes harsh on sale of smuggled cigarettes
Abbottabad Regional Tax Office's (RTO) team has seized a huge cache of non-duty paid illegal cigarettes during raids in Abbottabad and Mansehra.
The...
Local, Iranian firms agree to get PSM on 30-year lease
by GHULAM ABBAS
After the decision of the government to go for a long-term lease plan instead of privatising Pakistan Steel Mill (PSM),...
Linde Pakistan changing hands
A consortium of as many as 4 companies have shown interest in jointly acquiring 60% shares of Linde Pakistan Limited (LPL), it...
Brokers default – PSX finally gives its side of the story
As the Pakistan stock market continues to make steady advances, the news of two brokerage houses defaulting at less than two weeks...
Xiaomi partners with Zong and Daraz to launch its products locally
Zong (CMPak), Xiaomi and Daraz have decided to join hands to launch Xiaomi products in Pakistan, it has been reported. Zong is...
SBP orders strict monitoring to curb money laundering & terrorism financing
The State Bank of Pakistan (SBP) on Friday advised all financial institutions to take necessary measures to ensure that beneficial owners, directors,...
Sugar mills make billions by selling sugar to USC at higher prices
Sugar mills have pocketed billions of rupees by selling sugar to the Utility Stores Corporation (USC)at higher-than-prevailing market prices, causing heavy losses...
Hascol to invest $20m in its lubricant subsidiary
Hascol Petroleum Limited has announced that it will soon commence work on its wholly-owned subsidiary Hascol Lubricant Limited at the cost of...
Motorola all set to make a comeback in the local mobile industry
Motorola is making a comeback in the local mobile industry through the launch of its new trademark “Lenovo Moto”, reported a national...
KPMG study proposes relaxation in UFG allowance
Oil & Gas Regulatory Authority (OGRA) had requested KPMG to conduct a study to determine appropriate Unaccounted for Gas Losses (UFG) level...
SBP advises banks to root out terrorist financing
The State Bank of Pakistan (SBP) has directed all Banks, Development Financial Institutions (DFIs) and the Microfinance Banks (MFBs) to align their...
Telecom indicators in the first half of 2017
Cellular subscribers for the first half of fiscal year 2017 clocked in at 136 million, indicating a growth of 2.4% since July...
Engro Corporation’s profits up by more than 400%
Engro Corporation Limited’s net profit increased by more than 400 percent during the calendar year 2016, according to a notification sent to the...
UBL declares profit of over Rs 27m
UBL announced its results for the Financial Year ended December 31, 2016, at its 207th meeting held on Friday, February 17, 2017....
Samsung Group chief arrested over an alleged case of corruption
Samsung Group chief Jay Y Lee has been arrested over his alleged role in a corruption scandal, reported a national daily. According...