Suhail Jute Mills Limited (PSX: SUHJ) continues to face significant obstacles in securing working capital and settling creditor liabilities, delaying the restart of its commercial operations.
As detailed in the company’s Progress Report, a key element of its revival plan—a 20-acre land Read More...
The passage of the State Bank of Pakistan (SBP) Amendment Bill on January 28, 2022, was far from smooth. Approved by a razor-thin margin of just one vote (43 in favor, 42 against), the bill faced fierce opposition protests accusing it of enabling “financial imperialism.” Aimed at ending direct Read More...
The International Monetary Fund (IMF) has declined Pakistan’s request to revise a critical structural benchmark under its $7 billion Extended Fund Facility (EFF), according to Dawn. The IMF has insisted on imposing a significant levy on gas supplied to industrial captive power plants (CPPs), Read More...
The Federal Board of Revenue (FBR) has expressed concern over significant disparities in tax compliance during the fiscal year 2023-24, particularly noting a stark contrast between income tax and sales tax filers.
As per the FBR report, while 4.74 million individuals were active income tax Read More...
In an effort to support vehicle owners and provide them with greater flexibility, authorities have decided to extend the deadline for clearing outstanding dues, according to a recent press release. This decision is aimed at facilitating individuals who may be experiencing financial difficulties, Read More...
The federal government has ordered two international non-governmental organizations (INGOs), “Vital Strategies” and the US-based “Campaign for Tobacco-Free Kids,” to cease operations due to alleged unregulated activities.
The Ministry of Interior has directed the State Bank of Pakistan to Read More...
The Pakistan Stock Exchange (PSX) is poised to maintain its upward trend, as falling fixed income yields are expected to prompt a shift of funds from fixed income to equities, according to a report by AKD Securities.
The KSE-100 index showed strong momentum throughout the week, gaining Read More...
Pakistan’s unemployment rate has risen sharply to 7% from 1.5% over the past decade, according to a Ministry of Planning report.
The report attributes this surge to insufficient GDP growth, which has failed to meet the demands of critical sectors like health and education. It highlights Read More...
The government has announced an initial 5% levy on the base price of Rs4,500 per MMBtu for captive gas units, with incremental hikes up to 20%, according to sources cited by Mettis Global News.
The decision, revealed in a meeting chaired by Finance Minister Senator Muhammad Aurangzeb, aims Read More...
Revenue collection maintained an upward trend in the first half of fiscal year 2024-25, with total collections rising to Rs133.14 billion compared to Rs108.59 billion in the same period last fiscal year, reflecting an impressive 23% growth.
This significant increase demonstrates the Read More...
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