The State Bank of Pakistan (SBP) reported today that net savings through National Savings Schemes (NSS) dropped to Rs23.33 billion in February, compared to Rs31.16 billion in January.
This decrease comes from lower investments in major savings options. Regular Income Certificates (RIC) Read More...
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The Federal Board of Revenue’s Large Tax Office (LTO) in Karachi has exposed a smuggling operation tied to luxury watches, used to launder black money and dodge taxes, according to a private TV channel report. The LTO swooped in on three upscale watch stores, accusing them of widespread tax Read More...
The Sindh High Court decided on Wednesday that Greentree Holdings Limited, along with the manager handling the public offer for TRG Pakistan, can push the buyback offer’s acceptance period to April 15, 2025, if they opt to. Once that deadline hits, though, the court’s interim stay order Read More...
On Wednesday, Pakistan’s federal cabinet, led by Prime Minister Shahbaz Sharif, put the brakes on approving a new solar net metering policy after facing pushback from multiple members, including the PM himself. The meeting saw Sharif direct the Power Division to rework the proposal, which had Read More...
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On March 26, 2025, the Board of Directors of Philip Morris (Pakistan) Limited greenlit a plan to voluntarily delist the company’s shares from the Pakistan Stock Exchange (PSX), following rule 5.14 of the PSX Rule Book, which governs such exits. The decision, spearheaded by Philip Morris Read More...
The International Monetary Fund (IMF) revealed on Wednesday that it has finalized a staff-level agreement with Pakistan, covering the first review of its Extended Fund Facility (EFF) economic program and introducing a new Resilience and Sustainability Facility (RSF) arrangement. Discussions ran Read More...
The Pakistan Stock Exchange (PSX) kicked off Wednesday with a strong rally, as the KSE-100 Index climbed over 1,300 points in early trading, driven by investor optimism following the International Monetary Fund’s (IMF) latest staff-level agreement with Pakistan. By 9:20 am, the index hit Read More...
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Pakistan’s oil industry is projected to lose Rs 35 billion this fiscal year because of a sales tax exemption on petroleum products introduced in the Finance Act 2024.
According to industry figures, refineries are looking at Rs 18 billion in losses, while oil marketing companies (OMCs) Read More...
Seven independent power producers (IPPs) and the Central Power Purchasing Agency (CPPA) have filed a petition with the National Electric Power Regulatory Authority (NEPRA) to adjust their tariff. NEPRA will hold a hearing on this today, Monday.
The petition comes from companies like Nishat Read More...
The government’s idea to lower electricity tariffs hit a snag because the International Monetary Fund (IMF) isn’t signing off on a staff-level agreement (SLA) for Pakistan’s first biannual review of the $7 billion Extended Fund Facility (EFF), according to Dawn.
Reports suggested the Read More...
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