NAB closes corruption probe into wheat, flour scandal of previous PML-N govt
An investigation into alleged corruption and corrupt practices in the Ramzan package subsidy from 2016 to 2018 was ongoing.
FTA under review to enhance Pakistan’s export footprints in China
The review aims to enhance trade agreement's benefits for Pakistan, focusing on expanding export opportunities to China through increased tariff concessions and extended product coverage
Service Long March Tyres announces Rs30bn investment to double its capacity
Company also intends to increase its exports to $100mn in 2025 and start a new project exporting specialised tyres to EU and the USA
Govt faces IMF pressure to overhaul tax laws, limit tax incentives
Fund advocates for the removal of FBR and cabinet privileges in granting tax incentives
RMS withdraws bid to acquire 87.96% stake in Escorts Investment Bank
Deadline to make public announcement lapsed on May 12, 2024, without necessary approvalsÂ
Operational costs of key sectors surge as sick units multiply
Closure of over 80% of sick units profoundly impacts various sectors, forcing layoffs and reducing shifts in large manufacturing units, while SMEs struggle to survive amidst financial constraints
Fuel prices expected to be decreased by up to Rs 13.40/litre from May 16
Petrol is likely to see a cut of Rs13.40 per litre, and high-speed diesel could witness a decrease of Rs 8.19 per litre
Bulls dominate PSX as KSE-100 surges over 700 points
Experts credit this bullish trend to anticipated rate cut, IMF talksÂ
Pakistan-IMF talks for new loan program begin today
The country seeks a larger and longer loan program to stabilise and revive its economyÂ
Karachi to host green transhipment terminal by global giant Maersk
The leading global logistics firm, aims to set up Karachi's first Green Transhipment Terminal, aligning with Pakistan's investment and regional connectivity goals
Govt considers duty increase on key imports to protect reserves, farmers
In response to rising import costs and local agricultural distress, Pakistan is contemplating increased customs duties on imports of used cars and wheat
No strategic SOEs, says finance minister ahead of major privatization push
Finance Minister Muhammad Aurangzeb declared there are no strategic SOEs, emphasizing the need for privatization to enhance efficiency and attract both local and foreign investment
IMF demands revision of power purchase agreements, gas tariff hike from June
Govt assures global lender all possible measure to reduce circular debt
Telecom operators agree to manually block SIMs of non-filers
First group of 5,000 non-filers has been notified for immediate SIM blocking
Pakistani startup Bookme enters Saudi market
Travel technology platform seals two landmark agreements in order to increase its network n KSA