Dolmen City REIT’ announced 18.1% annualized dividend for FY23
Karachi: The Board of Directors of Dolmen City REIT (DCR) have declared and approved a final cash dividend of PKR 0.50 per unit, in their meeting held on Tuesday July…
IMF country report on Pakistan; 9 Performance Criteria, 4 Indicative Targets, 10 Structural Benchmarks
IMF has released its Country Report on Pakistan after the Executive Board approved a 9-month Stand-By Arrangement (SBA) of US$3bn for Pakistan. Of this amount, US$1.2bn has already been disbursed,…
SECP amends regulations for election of independent directors and female directors
ISLAMABAD: To address practical difficulties faced by the listed companies in election of directors, and to promote diversity in boards of the companies, the Securities and Exchange Commission of Pakistan…
Solar and Wind Power Energies to resolve power crisis in Pakistan – Khalid Tawab
KARACHI (PR): Pakistan is currently experiencing the peak of summer, which is accompanied by the misery of prolonged power outages across the country. Reports indicate a significant shortfall of 6,000…
Lasbela Chamber of Commerce urges to urgently start Construction of the Bridge and repair of the Cause-way on Hub River. Heavy Losses of production are not tolerable. Ismail Suttar, President LCCI
Mr. Ismail Suttar, President Lasbela Chamber of Commerce and Industry expressed deep concern on the inordinate delay in the start of the construction of the Bridge on Hub River and…
Financial system’s performance and resilience remained firm, says SBP Financial Stability Review 2022
The State Bank of Pakistan (SBP) has issued its annual flagship publication, the Financial Stability Review (FSR) for CY22. The Review is being published in terms of requirements prescribed in…
Internal Audit IRS detects another Rs2.5bn fraud in Tamna case
KARACHI: Directorate of Internal Audit-Inland Revenue Karachi in Tamna Case Fake Company which existed only on paper without physical business operations) detected further massive fraud of Rs.2.5 Billion Rupees. The…
National Bank of Pakistan selects PTCL for managed data centre hosting
Islamabad: Pakistan Telecommunication Company Limited (PTCL) and National Bank of Pakistan Limited (NBP) have signed an agreement for the provisioning of primary Data Center colocation services at PTCL’s Tier-III Data…
Using its recycled plastic Shell Pakistan builds road in Karachi
Pakistan: Shell Pakistan introduces a plastic infused road in Karachi by recycling discarded Shell lubricant bottles. The organization collaborated with start-up BRR Enterprises and local authority District Municipal Corporation South…
SBP decides to raise the policy rate by 100 bps to 22 percent
KARACHI; In the statement after its meeting held on 12th June, the Monetary Policy Committee (MPC) viewed the then monetary policy stance as appropriate to achieve the objective of price…
Pakistan approves budget with higher tax on new motor vehicles
The National Assembly of Pakistan has approved the budget for the fiscal year 2023-24, which includes a provision to impose up to 10 percent advance tax on new motor vehicles.…
Pakistan Implements Additional Tax Measures to Secure IMF Loan Program
KARACHI: In an effort to overcome the impasse in securing a loan program from the International Monetary Fund (IMF), Pakistan has imposed an additional tax burden of Rs215 billion on…
2nd Mango Festival with Foreign diplomats
Zubair Motiwala urges Mango exporters to adopt value addition skills to enhance export value of Pakistani mangoes. The 2nd Mango Festival and International Mango Conference was held yesterday, 24th June,…
Industry rejects increase taxes on juices
The increase in Federal Excise Duty (FED) on juices from 10% to 20% in the Federal budget amendments is a severe blow to the juices industry. Due to the effects…
SBP removes all import restrictions
KARACHI: The State Bank of Pakistan (SBP) on Friday announced withdrawal of all restrictions on imports to facilitate the industrial sector. In December last year, the SBP asked banks to…
Emirates to ramp up flights ahead of Hajj and Eid Al Adha surge
Karachi: With the commencement of the Hajj season and upcoming Eid Al Adha celebrations, Emirates is layering on additional flights to key regional destinations to meet significant travel demand during…
Profit-making PG companies managed to throw dust in Ogra’s eyes, Due to illegal profiteering of companies, LPG has become 220 rupees per kg, Imran Farooqui
KARACHI: The profit-making PG companies managed to throw dust in the eyes of OGRA and on Friday, instead of selling at the rate set by OGRA, the retail price of…
UNFPA 2023 State of World Population Report launched in Sindh
Launch of the State of World Population Report in Sindh: addressing inequalities in education, income, employment, gender, and digitalization is essential for population development: Karachi: The United Nations Population Fund…
Pakistan Cable Limited reports 28% decline in 9MFY23 profit and discusses future outlook
Pakistan Cable Limited (PCL), the country’s leading cable and wire manufacturer, has conducted its 3QFY23 analyst briefing to discuss its financial results and future outlook. The company reported a 28%…
PSO holds corporate briefing session to discuss 9MFY23 results and future outlook
Pakistan State Oil Company Limited (PSO), the country’s largest oil marketing company, held a corporate briefing session on 22nd June 2023 to discuss its financial performance of 9MFY23 and future…