After $82mn controversy in Uch, OGDCL issues LoI to second bidder
Joint venture between Presson Descon and SNGPL, which was earlier awarded the project, failed in March
Fitch Ratings upgrades Pakistan’s rating to ‘CCC’
Pakistan takes measures to address revenue shortfalls and energy subsidies, Fitch Ratings Reports
Senate Standing Committee on Aviation grills PIA
PIA scrutinized over pilot licences, flights from Balochistan, recruitment, fake degrees, and pensions owed to widows
Excise, Taxation and Narcotics Control unveil changes in taxes on cars in Punjab
Token tax changed, transfer hiked, and registration fee harmonized
SBP’s Financial Stability Review 2022 paints dismal picture
Banking sector remains steady despite aggravating macroeconomic conditions, while microfinance banks struggle
IMF delegation calls on Imran Khan, PPP leaders ahead of board meeting
The meeting was attended by IMF country chief Nathan Porter who joined virtually and Resident Representative Ester Perez Luiz
Currency dealers hold back on dollar sales
Currency dealers are buying dollars in the range of Rs 275-280 but are not willing to sell
SBP is set to make a profit of more than a trillion. But How?
SBP’ profits ride high with prevailing high interest rates coupled with outstanding Repurchase borrowing levels
Two International banks surrender their primary dealer license in FY24
The number of primary dealers drops from 12 to 10 in the recent appointment
Kashf Foundation issues first “Gender Bond” to empower women-led businesses
The bond, guaranteed by InfraZamin Pakistan, is expected to raise Rs 2.5 billion. But what will this bond do?
Steel industry cries foul against unregulated manufacturers in former FATA/PATA
Earlier, an industry association had claimed that steel manufacturers in the erstwhile tribal regions have evaded taxes worth more than Rs 150bn.
NAB relaunches probe into alleged Rs500bn scam involving payments to favoured IPPs
The inquiry was prompted by the recently amended NAB Act of 2022,, could once again result in delay of payments.
Karachi Port Trust increases its tariff after two decades
The wet charges are set to be hiked after reductions over the past two decades
With the IMF bailout secured, what will happen to Pakistan’s external account?
Pakistan has got the much awaited IMF agreement; so where do we now stand vis-à-vis default.
The budget has snuck in an advance tax on the registration of electric vehicles
According to the Finance Act 2023, electric vehicles (EVs) with a value of Rs 50 lakhs or more will be subject to...