In a significant ruling reinforcing evidentiary standards in property and contractual disputes, the Supreme Court has set aside concurrent findings of the lower judiciary that had directed the transfer of land on the basis of an alleged oral agreement dating back to 1992. The apex court held Read More...
Electricity consumers throughout Pakistan, including those served by K-Electric in Karachi, may soon experience an increase of Rs1.78 per unit in their power tariffs following regulatory proceedings conducted by the National Electric Power Regulatory Authority (NEPRA). The proposed adjustment Read More...
The Sindh High Court (SHC) has formally sanctioned a scheme of arrangement for the merger of Supernet Limited (SNL) into Supernet Technologies Limited (STL), both subsidiaries of Telecard Limited, as disclosed in filings submitted to the Pakistan Stock Exchange (PSX) on Thursday.
The Read More...
A sub-committee of the National Assembly Standing Committee on Power has resolved to take legal action against individuals in the Hazara Electric Supply Company (HAZECO) area who are suspected of hoarding company property worth Rs700 million at their homes.
As per reports, the Read More...
The Public Accounts Committee (PAC) of the National Assembly on Wednesday expressed alarm over escalating loan defaults and weak recovery performance at Zarai Taraqiati Bank Limited (ZTBL), which caused a financial impact of Rs9.179 billion to the national exchequer in 2022, Dawn Read More...
The Public Accounts Committee (PAC) of the National Assembly on Wednesday instructed the National Bank of Pakistan (NBP) to commence legal action for the recovery of Rs27.85 million that has remained unpaid by one of its executive vice presidents for the last four years, Dawn reported.
The Read More...
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has voiced serious reservations regarding a proposed amendment bill to the Trade Organisation Rules 2013, arguing that introducing such changes amid ongoing economic instability is ill-timed.
FPCCI President Atif Ikram Read More...
Federal Board of Revenue (FBR) has formally notified revised valuation tables for residential and commercial immovable properties situated in Naval Anchorage, introducing a material distinction between plots with possession and those without possession.
Through SRO 332(I)/2026, the Read More...
The Federal Government of Pakistan has apprised the International Monetary Fund (IMF) that comprehensive amendments to the public procurement regime — specifically removing preferential treatment previously extended to State-Owned Enterprises (SOEs) — will be promulgated by June 2026, Read More...
Oil & Gas Development Company Limited has confirmed receipt of Rs. 7.725 billion as the eighth consecutive monthly interest installment from Power Holding (Private) Limited pursuant to the government-sanctioned circular debt settlement framework.
This disbursement constitutes part of a Read More...
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