Gul Ahmed Textile Mills sees profits fall by nearly 50% in 2023
The board, over the years, has discussed the company’s expansion and diversification efforts, along with substantial investments
SECP puts a leash on nano-lending apps
No digital nano-lender will now be allowed to earn more than the principal amount from a loan.
High energy prices burn steel industry
Energy tariff increases to trigger significant steel price hike
Coal power plants allegedly exploiting imported coal prices
These coal-based power plants had committed to use coal containing 6000 calorific values (CVs) but they had been importing coal with 4500 to 5500 CVs
Govt raises Rs2.4tr against target of Rs2.3tr as yields for all tenures decline
Participation in the auction was huge as bids totaling Rs4.6 trillion were received.Â
Tax department registers FIR against money laundering solar panels import
Senate Standing Committee on Finance directs FBR to take strict action against the offenders under the Anti Money Laundering Act
SBP grants In-Principle Approvals (IPA) to five digital banks. Who are they?
All digital retail banks DRBs now have 12 months to get operationally ready.
Employees of WAPDA, DISCOs and others to continue getting free electricityÂ
Across six DISCOs, the benefits in terms of just electricity units given to retired employees stand at an average of Rs 664mn per year from 2017 to 2025.
Interim ECC reviews bailout for Pakistan Steel Mill, availability of staple foods and power sector benchmark rates
The Pakistan Steel Mill has cumulatively incurred the losses of Rs 206 billion up until the end of FY23Â
Govt to provide gas subsidy to low-income houses of Balochistan for the winter season
With the IMF review around the corner, and an imminent price hike, the government will be treading a fine line with cash handouts
Mobile phone imports surge to 76pc despite dollar constraints
The industry envisions the need for consistency in this upward trajectory, as it could lead to the local production of allied parts
In the midst of economic challenges, why is the banking sector thriving?Â
The sector is expected to continue steady performance in the next half too.Â
Why is NEPRA rethinking coal prices
The mechanism for adjusting the FCC could finally see a change after 2016Â
FBR plans crackdown against cash transactions in real estate
Buying real estate worth more than Rs 5mn using cash or a bearer cheque will be subject to a penalty equal to 5% of the property's value
After UBL, Meezan Bank wants to establish an exchange company
It will be the fourth major commercial bank to operate a wholly owned exchange subsidiary