Business
Indicators signify optimistic economic outlook in Pakistan
ISLAMABAD: The Ministry of Finance states that the economy has shown consistent positive developments during the first five months of the financial year. According to the…
SIFC
Business
Government abolished additional tax on low ADR; increased corporate tax rate by 5%
ISLAMABAD: In a recent development, Federal Cabinet has approved the promulgation of an Income Tax Ordinance to implement changes in the Advance Deposit Ratio (ADR) for…
Business
Bank Makramah shareholders approve its Restructuring Scheme by overwhelming majority
Islamabad: The shareholders of Bank Makramah Limited (BML) have overwhelmingly approved the Scheme of Arrangement for the restructuring of the bank in their Extraordinary General Meeting…
Energy
OGDCL Revives and Enhances Oil Production from Pasakhi-5 Well in Hyderabad, Sindh
ISLAMABAD: Pakistan’s leading oil and gas exploration company, Oil & Gas Development Company Limited (OGDCL), has successfully increased oil production from the Pasakhi-5 well, situated in…
Business
CCP authorizes KCA Deutag acquisition by HP Global Holdings
ISLAMABAD: The Competition Commission of Pakistan (CCP) has authorized the acquisition of 100% shareholding in KCA Deutag International Limited by HP Global Holdings Limited (H&P). The…
Business
Govt making all out efforts to achieve financial stability: Aurangzeb
ISLAMABAD: Finance Minister Muhammad Aurangzeb has emphasized the government’s commitment to achieving financial stability through comprehensive efforts. Addressing a press conference in Islamabad today alongside Minister…
Energy
OGDCL discovers significant gas reserves in KP
ISLAMABAD: As part of the Special Investment Facilitation Council’s (SIFC) initiatives for natural resource exploration, the Oil and Gas Development Company Limited (OGDCL) has identified substantial…
SNGPL
SNGPL Rules Out Claims of Loss Due to Local Gas Cut
ISLAMABAD: SNGPL has said that claims of local gas cuts causing $194m loss to economy in 4 months are incorrect. The recent claims regarding the closure…
Energy
Sabotage Disrupts Gas Supply: Major Pipeline Damaged Near Quetta
KARACHI: Due to sabotage activity by unknown miscreants, SSGC’s 18″ dia pipeline gets badly damaged. Gas supplies to Upper Balochistan and Quetta City suspended. According to…
Business
Sindh Govt Plans Mega Construction Project to Attract Investors and Expatriates
KARACHI: The government of Sindh is working aggressively to boost economic activities across the province, including a mega construction project in Karachi aimed at attracting foreign…
