Nepra approves Rs3.28/unit hike, adding Rs135.5 bn burden
The National Electric Power Regulatory Authority (Nepra) has given the green light to an electricity rate increase of up to Rs3.28 per...
Pakistan, China agree to revise cost of ML-1 project
Pakistan and China have reportedly reached a consensus to revise the cost of the Mainline-1 (ML-1) project to approximately $6.6 billion, with...
High fuel prices push weekly inflation to 38.6pc
Weekly inflation, measured by the Sensitive Price Index (SPI), has surged to new highs for the third consecutive week.
Official data revealed...
WB launches ‘Reforms for a Brighter Future’: Time to decide to contribute to the public debate on development policy priorities
PESHAWAR: The World Bank has launched a new program to foster debate on the critical development policy issues facing Pakistan. ‘Reforms for...
Finance Minister suggests listing of Govt debt securities at PSX to develop debt market
ISLAMABAD: The Federal Minister for Finance & Revenue Dr Shamshad Akhtar said that the securities market can play a vital role in...
US finalizes rules to prevent China from benefiting from $52bn in chips funding
The U.S. Commerce Department on Friday is issuing final rules to prevent semiconductor manufacturing subsidies from being used by China and other...
Fatima Fertilizer shareholders approve Rs7.66 bn investment in REITs
Shareholders of Fatima Fertilizer Company Limited (PSX: FATIMA) voted in favor of a Rs7.66 billion investment in Real Estate Investment Trusts (REITs)...
Pakistan aims to revive stalled Qatari LNG project
Pakistan is actively pursuing the revival of a $200 million Qatari investment in a liquefied natural gas (LNG) terminal project that has...
Bank AL Habib announces to set up wholly owned exchange company
Bank AL Habib Limited (BAHL) has announced to set up an exchange company with an initial share capital of Rs 1 billion as...
TPLI acquires Pakistani branch of New Hampshire Insurance Company
TPL Insurance Limited (PSX: TPLI), a subsidiary of TPL Corporation Limited, announced to acquire net assets of Pakistani branch of New Hampshire...
Sales tax evasion via flying invoices estimated at Rs 5-6 trn
Sales tax evasion through fraudulent flying invoices, irrelevant invoices, is estimated to reach around Rs 5-6 trillion.
According to a report published by...
Pakistan, GCC likely to sign Free Trade Agreements
Pakistan and the Gulf Cooperation Council (GCC) are planning to sign Free Trade Agreements (FTAs) during talks scheduled for September 26-28, 2023,...
SBP boosts cash incentives for financial institutions to drive remittance inflows
In response to declining remittances, the State Bank of Pakistan (SBP) has introduced a series of measures aimed at encouraging the inflow...
SECP introduces Shariah Governance Framework 2023
ISLAMABAD: In a stride towards enhancing the regulatory landscape of Islamic finance, the Securities and Exchange Commission of Pakistan (SECP) has unveiled...
Govt forms cabinet committee on SOEs to improve the performance of loss making companies
ISLAMABAD: Caretaker Federal Finance Minister Dr. Shamshad Akhtar has said that the federal government has formed a cabinet committee on State Owned...