392 substandard seed companies closed
ISLAMABAD: In a decisive move to uphold agricultural standards, Federal Minister for National Food Security and Research, Rana Tanveer Hussain, chaired the...
CCP approves Engro’s acquisition of Jazz’s tower business in $563 million deal
The Competition Commission of Pakistan (CCP) has approved Engro Corporation’s acquisition of Deodar (Pvt.) Ltd., the tower subsidiary of Pakistan Mobile Communications...
PSX ends flat after volatile session, gains 34 points
Market reacts to IMF deal, sectoral shifts shape sentiment
KSE-100 firms report Rs1.62trn in earnings and Rs750bn in cash dividends for 2024
In dollar terms, profits stand at $5.8 billion, down 1% from the previous year; Profitability rises in banking, fertilizer, cement, and automobile sectors; E&P sector faces decline
IMF mission to visit Pakistan in early May to finalise next budgetÂ
Exact dates of the visit are yet to be confirmed; mission’s purpose is to discuss the next budgetary framework especially revenue target
Pakistan, IMF agree on Rs3-5 per litre carbon levy imposition under new deal: report
Carbon levy revenue to be directed towards climate-related initiatives; automobile sector to see a reduction in trade tariffs from 10.5% to 6% until FY2030
Govt projects Rs 3.5 trillion in savings from revised contracts with 29 IPPs, GPPs
Savings will occur over three to 20 years, expected to reduce circular debt from Rs 2.4 trillion to Rs 400-450 billion; tariff adjustments pending Nepra approval
Govt puts brakes on solar net-metering amendments, wider stakeholder consultations ordered
Prime minister simply wants a wider consultation process to make the decision more representative and inclusive, says power minister
Pakistan’s GDP grows by 1.73% in Q2 FY2024-25 despite industrial decline
PBS data shows agriculture and services sectors grow by 1.1% and 2.57% respectively, while industry contracts by 0.18% in the second quarter
Philip Morris Pakistan to voluntarily delist from PSX
Majority shareholder Philip Morris International plans to purchase outstanding shares from minority shareholders, stock surges 10% following delisting announcementÂ
Revised Reko Diq development plan approved with $500mn cost increase, paving way for Saudi stake sale
Cost up from $6.2bn to $6.7bn due to inflation and expanded scope; no final agreement with Saudi Arabia has been reached as of yet
Ecnec approves 13 development projects worth Rs1.28 trillion
Projects include flood rehabilitation, transport infrastructure, and Pakistan Railways’ capacity expansion; aims to boost economic transformation, particularly in Gilgit-Baltistan and Sindh
IMF reaches staff-level agreement with Pakistan on first EFF review and new RSF arrangement
Deal includes a new 28-month RSF arrangement granting Pakistan access to $1.3 billion (SDR 1 billion) and, an additional $1.0 billion (SDR 760 million) under the EFF
PIA’s UK ban continues as air safety restrictions persist
ISLAMABAD: Pakistan International Airlines (PIA) will remain grounded in the United Kingdom, as the UK Department for Transport (DfT) confirmed on Tuesday...
PM holds high-level talks on Bitcoin mining and asset tokenization
ISLAMABAD: A high-level meeting chaired by the Prime Minister of Pakistan convened in Islamabad deliberated on strategic investments in Bitcoin mining and...