Pakistan’s IT exports are down. But why?
LAHORE: Pakistan’s offical IT exports numbers are showing a trend of slowdown due to a mix of policy issues at home, the...
Imports of mandated commodities to be done through electronic verification
ISLAMABAD: Pakistan Single Window Customs (PSW) has asked Pakistan Standard and Quality Control Authority (PSQCA) to switch over to the electronic verification...
Govt increases PDL to ease IMF concerns. Will it be enough?
ISLAMABAD: Senior sources within the ministry of finance shared documents with Profit that state that the ministry increased the Petroleum Development Levy...
FTO slams Millat Tractors, directs FBR to take action
LAHORE: The Federal Board of Revenue (FBR) is set to take action against Millat Tractors for allegedly overcharging customers in the name...
WB approves financing worth $1.692bn in projects for flood affected areas in Sindh
ISLAMABAD: Floods wreaked havoc in Pakistan, this year as thousands died and millions got displaced. Infrastructure worth billions was destroyed by water,...
Fintech Akhtar Fuiou Technologies set to bring financial services to agriculture; gets pilot approval for EMI operations
LAHORE: Fintech company Akhtar Fuiou Technologies (AFT) has received approval from the State Bank of Pakistan (SBP) to commence pilot operations for...
GRR IPO oversubscribed. What does it mean?
The Initial Public Offering (IPO) of the Globe Residency REIT, Pakistan’s first development REIT, has been oversubscribed. According to details, GRR had...
TPL-TASC consortium nears acquisition of Pakistan’s largest telecom infrastructure
VEON, the largest telecommunications tower operator in Pakistan, has conditionally agreed to sell its 10,500+ towers. The deal is sold to a...
Suzuki dismisses reports of portfolio shakeup as speculation
LAHORE: Media speculation has been rife over the past month that Suzuki might be potentially replacing its Wagon-R and Bolan with the...
PIA’s code sharing mechanism with Turkish Airlines earns it Rs2.14bn
LAHORE: Khawaja Saad Rafique, Federal Minister for Aviation and Railway, announced on Sunday that Pakistan International Airlines (PIA) had earnt Rs 2.14...
National bank suspends thousands of pension accounts
There is a whole Pandora's box that opens up if you look under the stone of government pensions. Be it their defined...
Competition commission rules PESCO discriminated against two ISPs
ISLAMABAD: The Competition Commission of Pakistan (CCP) has ruled that the Peshawar Electric Supply Company (PESCO) had acted unfairly against two prominent internet...
How the Kalma Chowk remodel is benefitting CBD’s investors — and no one else
LAHORE: If you drive across Lahore’s Kalma Chowk today, chances are you’ll have to take a massive detour to reach your destination....
Toyota to shut down production for remaining year
LAHORE: Toyota Indus Motors has notified the Pakistan Stock Exchange that it will cease production from December 20 to December 31. This...
The Reko Diq deal finally closed. Is it a “Home Run” for Pakistan?
Barrick Gold Corporation, having won a favourable ruling from Pakistan's Supreme Court and the necessary laws having been enacted, has declared that...