General Tyres accused of evading mandatory PSQCA registration since 2016

GTR directed to immediately halt all operations involving the manufacturing, sale, and storage of tyres

The SC ordered the Sindh govt to compensate affectees of anti-encroachment drives. They ignored the orders. What happens now?   

The landmark June 2021 Supreme Court verdict not only ordered settlements to be demolished through the anti-encroachment drive, but also that the affectees be rehabilitated substantially. 

Public debt: How did the PDM govt do?

Measuring public debt is a complicated business. Profit looks at the different measures by which we can measure it in Pakistan. 

Pakistan records current account deficit after 4 months of surplus

The current account recorded a deficit of $0.81 billion in July compared to a surplus of $0.5bn in June

Cement sector finally implements Track and Trace System

Real-time production monitoring with the system to ensure accurate tax assessment

Mango exports to Iran resume amidst controversy over hot water treatment

Exporters allege DPP of favouritism towards a specific HWT plant

Facing continued losses, provincialisation of DISCOs issue to go to caretaker cabinet

The companies have suffered Aggregate Technical & Commercial Losses of more than Rs292bn 

FBR set to auction properties of iconic Bio Amla manufacturer to recover taxes

The investigation first began in 2017 with accusations of under-invoicing and tax evasion.

Hit by taxation, Philip Morris faces 10.89% decline in sales

The decline comes after a massive increase in prices because of added taxation. 

Supernet Technologies born after SuperInfra’s acquisition of Hallmark

New entity to allow Supernet to shift to the main PSX board after its subsidiary acquired 81.4% of Hallmark

SECP strikes down 120 illegal personal loan applications 

Only SECP-approved Personal Loan Apps to be permitted for listing on the Google Play Store from now

Will Malik Riaz finally bid farewell to his banking stint?

RMS intends to acquire 87.96% of shares of Escort Investment Bank

Kakar’s uphill battle 

In addition to ensuring timely elections, the caretaker prime minister is responsible for ensuring the economy stays on track by fulfilling the current IMF programme.

Circular debt is at Rs 2.31 trillion. What does it mean?

Figure represents an increase from the end of FY 2022, but a contraction from April 2023

Pakistan’s Large Scale Industry witnesses 10.26% overall decline in FY23

Import curbs, devaluation of Rupee, monetary tightening and economic slowdown serve as the main reasons