The government has estimated annual cost savings of around Rs250.54 billion ($895 million) through the modernisation of Companies Act and regulatory reforms. Of the total, savings of around Rs176.96 billion ($632.2 million) will come from modernising the law and Rs73.58 billion ($262.8 million) from regulatory changes.
Sources said that it...
Pheonix Global FZE (PGF), a wholly owned subsidiary of Supernet Limited, has signed a reseller agreement with Arabsat (Arab Satellite Communications Organization) to offer Arabsat’s Managed Satellite Services across its entire coverage area.
A reseller agreement is a legal contract where one party (the supplier) authorizes another (the reseller) to...
Meezan Bank, Pakistan’s first and largest Islamic bank, becomes the first bank in the country to roll out Visa’s latest digital innovation: – the Visa Global eSIM for its Visa Infinite Debit Cardholders. Visa, the world leader in digital payments, has introduced the Visa Global eSIM - an innovative...
In a step towards hybrid adoption, Sazgar Engineering Works (SAZEW) has officially begun pre-bookings for its first locally assembled plug-in hybrid electric vehicle (PHEV) — the HAVAL H6 Hi4 1.5L AT AWD Turbo — with the initial rollout of its CKD model expected in August 2025.
The listed auto assembler...
Fatima Fertilizer Company Limited (FFCL) has decided to acquire 100% ownership of Fatima Petroleum Company Limited (FPCL) — a company that is not listed on the stock exchange.
The acquisition will be done at face value, meaning FFCL will pay the original nominal value of the shares, not a market-driven or...
The Federal Board of Revenue (FBR) has relaxed upper capping limit up to 10 percent of the export value for processing of deferred sales tax refunds of exporters (excluding five export orientated sectors) under the “FASTER” system.
In this regard, the FBR has issued instructions to the field formations on...
Banks and exchange companies are facing mounting pressure to lower the dollar rate below prevailing market levels, according to sources in the financial sector.
An important meeting in Islamabad on Monday, involving senior officials from the State Bank of Pakistan (SBP), the Ministry of Finance, and bankers, discussed measures to...
Prime Minister Shehbaz Sharif has directed the federal authorities to consult provincial governments for effective and comprehensive implementation of the digital transformation plan, stating that the digitalisation of the economy will help promote transparency.
“All provincial governments, including Gilgit-Baltistan and Azad Jammu and Kashmir, should fully cooperate with the federal government regarding...
Finance Minister Senator Muhammad Aurangzeb is returning to Washington on Tuesday to conclude the final round of negotiations under the Pakistan-US Trade Dialogue, as the two countries move closer to signing a crucial bilateral trade agreement.
In a statement shared with the media in Washington, the finance ministry described the...
Pakistan Stock Exchange saw modest upward momentum on Monday, fueled by investor interest in cement and technology stocks ahead of the monetary policy announcement and key corporate earnings.
The benchmark KSE-100 Index gained 172.77 points, or 0.12 percent, to close at 139,380.06 points as compared to the previous closing of...
