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K-Electric Reports Rs4.24B Profit for FY24

23-Sep-2025
K-Electric Limited (PSX: KEL) reported a robust profit of Rs 4.24 billion for the fiscal year ending June 30, 2024, a dramatic turnaround from a loss of Rs 39.48 billion in FY23.The company’s earnin...
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K-Electric Reports Rs4.24B Profit for FY24

RDA Rs2B Probe Committee Disbanded, Inquiry Stalls

22-Sep-2025
A committee tasked by the Director-General of the Rawalpindi Development Authority (RDA) to probe a suspected Rs2 billion transfer from the authority’s security account was disbanded without deliver...
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RDA Rs2B Probe Committee Disbanded, Inquiry Stalls

Withholding Tax Surges to Rs2.74T in 2023-24

22-Sep-2025
The Auditor General of Pakistan (AGP) disclosed that the withholding tax collection soared to Rs2.74 trillion in fiscal year 2023-24, primarily driven by elevated tax rates imposed on the salaried cla...
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Withholding Tax Surges to Rs2.74T in 2023-24

Power Sector Debt Hits PKR 1.66T in July

22-Sep-2025
Pakistan’s power sector circular debt reached PKR 1,661 billion in July 2025, reflecting a 2.9% month-on-month (MoM) increase from PKR 1,614 billion in June 2025, yet a substantial 29.3% year-on-yea...
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Power Sector Debt Hits PKR 1.66T in July

SECP Proposes Waqf Management Companies Amendment

22-Sep-2025
The Punjab Price Control Department has escalated its aggressive campaign against profiteering, executing 486,455 inspections across the province in a single day and cracking down on violators with st...
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SECP Proposes Waqf Management Companies Amendment

Court Extends Remand in Rs1.2B APP Corruption Case

21-Sep-2025
On Saturday, a local court prolonged the physical remand of seven suspects implicated in the Associated Press of Pakistan (APP) mega corruption case, involving financial irregularities totaling Rs 1.2...
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Court Extends Remand in Rs1.2B APP Corruption Case

FBR Suspends Sugar Sales, Targets Wealthy Taxpayers

21-Sep-2025
The Federal Board of Revenue (FBR) has halted the sale of sugar by domestic mills through its online portal, prompting fierce backlash from the Pakistan Sugar Mills Association (PSMA), which warned th...
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FBR Suspends Sugar Sales, Targets Wealthy Taxpayers

Balochistan PAC Exposes Billions in Energy Mismanagement

21-Sep-2025
The Public Accounts Committee (PAC) of the Balochistan Assembly has uncovered egregious financial mismanagement in the provincial energy department, revealing irregularities costing billions of rupees...
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Balochistan PAC Exposes Billions in Energy Mismanagement

SBP Injects Rs11.39T to Boost Market Liquidity

20-Sep-2025
The State Bank of Pakistan (SBP) infused a massive Rs 11,386.05 billion into the financial market through Reverse Repo Purchase and Shariah Compliant Mudarabah-based Open Market Operations (OMO) to en...
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SBP Injects Rs11.39T to Boost Market Liquidity

FBR Forms Grievance Committee for IR Oversight

20-Sep-2025
The Federal Board of Revenue (FBR) has unveiled the establishment of a grievance redressal committee to supervise the deputation of Inland Revenue (IR) officials at factories and manufacturing premise...
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FBR Forms Grievance Committee for IR Oversight
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