Nestlé Pakistan earns record Rs15b profit, highest in history
ISLAMABAD: Consumer goods giant, Nestlé Pakistan Limited (Nestlé), earned a record profit of over Rs 15 billion in 2022. The company made...
Govt to discuss tea, rice barter trade with Kenya
ISLAMABAD: Pakistan and Kenya are all set to hold discussions on trade and cooperation for which the Kenya's agriculture minister has reached...
Sazgar announces first ever set of non-production days for its car plant
LAHORE: Sazgar Engineering Works Limited has notified the Pakistan Stock Exchange (PSX) that it will be observing non-production days (NDPs) from February...
Higher policy rate on the cards
ISLAMABAD: The State Bank of Pakistan was able to raise a total of Rs. 257.74 billion through T-Bill auctions, which happened on...
SBP reserves rise by $66m to $3.258b
KARACHI: The foreign exchange reserves held by the central bank rose by $66 million to $3.258 billion in the week ending Feb...
EDB assures policy approval for electric fans, LED lights and EV bikes
LAHORE:Â The Engineering Development Board (EDB) Chief Executive Officer (CEO) Raza Abbas Shah on Thursday said that a large number of Chinese investors...
SBP set to increase interest rates in off-cycle review, say investors
KARACHI: The State Bank of Pakistan (SBP) is set to raise interest rates as early as this week in an off-cycle review,...
Govt maintains additional customs duties, regulatory duties on imported cars
LAHORE: The Federal Board of Revenue (FBR)Â issued Statutory Regulatory Orders (SRO) 204(I)/2023 and 206(I)/2023 on February 21 to maintain the duties...
Govt expects rollover of funds within next few days
ISLAMABAD: The federal government is expecting a rollover by the weekend, as informed by secretary finance to the National Assembly Finance committee...
Thousands of trucks loaded with goods stuck at Pak-Afghan border crossing
PESHAWAR: A key border crossing between Pakistan and Afghanistan remained closed for a third day, with thousands of goods vehicles stuck and...
Engro Corp starts 70 million share buy-back
ISLAMABAD: Engro Corporation Limited (ENGRO) has started its massive 70 million share buyback, comprising approximately 12.1% of the total outstanding shares of...
NA passes 170bn mini-budget to to fulfill IMF demands
ISLAMABAD: While approving the finance supplementary bill 2023, the National Assembly has approved the imposition of Rs 75,000 to Rs 250,000 Federal...
Next CCoE likely to approve oil refining policy 2023
ISLAMABAD: The upcoming Cabinet Committee on Energy (CCoE) meeting is likely to approve the Pakistan Oil Refining Policy 2023 as Prime Minister...
Large steel producers demand opening of LCsÂ
ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) has sounded an alarm, urging the State Bank of Pakistan (SBP) to take...
Beverages industry to bear a 10% FED
ISLAMABAD: The mini-budget passed on Monday, February 20, 2023, imposes a 10% Federal Excise Duty (FED) on fruit beverages, despite the industry’s...