The diesel smuggling racket and it’s long shadow 

As petrol prices continue to soar and inflation hits all-time high in Pakistan, the demand for cheap, imported, petroleum products has risen dramatically 

Why was the first quarter of 2023 remarkable for the banking sector of Pakistan?

Banks enjoy increased income on the back of increased interest rates, low-cost deposits and the reversal of additional ADR-based tax

Pakistan bailout review to conclude once financing in place: IMF

WASHINGTON: The International Monetary Fund (IMF) is working with Pakistani authorities to conclude a ninth review of a bailout programme, its mission...

Has Pakistan complied with all prior actions of the IMF?

The board demands yet another interest rate hike, as per reports.
Attock Refinery

Stung by smuggling, Attock Refinery reducing capacity to 25pc for five days

The refinery disclosed the information to the Pakistan Stock Exchange (PSX) and investors early on Thursday morning. 

BRR Guardian Limited announces merger with BRR Guardian Modaraba

Formed in 1983, B.R.R. Investments (Private) Limited (BRRI) aimed to promote leasing investments in Pakistan

Ghandhara’s Q3FY23 losses ravage annual earnings

The company recorded a loss of Rs 278.4 million for Q3FY23, with 9MFY23 earnings now at a loss of Rs 238.3 million 

Cement despatches decline by 16.55% during April 2023

ISLAMABAD: As the economic turmoil continues to grip the country, the cement industry in Pakistan is facing trouble with declining despatches during...

Descon registers new fully-owned subsidiary in Sharjah

KARACHI: In a letter dated 2 May 2023, company secretary of Descon Oxychem Limited Abdul Sohail informed the Pakistan Stock Exchange (PSX)...

Agha Khan Fund for Economic Development eyes more stakes in HBL 

The development agency to use non-repatriated dividends to buy additional shares

IGI Investments (Private) Limited acquires majority biopharmaceutical company 

IGI Holdings Limited is a Packages group company and was incorporated in 1953

Silkbank, UBL in talks for potential merger

This is the third party to express an interest in Silkbank in recent times. 

Agriauto Industries declares fourth consecutive partial shutdown for 2023

Company attributes decision to collapse in demand across automotive industry

How unaffordable will the average cup of tea become?

LAHORE: The price of tea in the country is continuing on its upward march, with what was once an affordable and innocent...

Inflation levels to plateau in coming months, says finance ministry

The balance of payment for the month of March reveals that the trade deficit in goods and services declined by 9.1% on a MoM basis and 54% on YoY basis