The Pakistan Telecommunication Company Ltd (PTCL) on Tuesday presented a detailed business development plan to the Competition Commission of Pakistan (CCP), marking a crucial step in the ongoing process of acquiring Telenor Pakistan. This submission comes after the CCP had earlier agreed to the acquisition of Telenor Pakistan (Pvt) Ltd and...
Prime Minister Shehbaz Sharif on Tuesday directed the authorities to simplify and expand access to low-cost agricultural loans for small- and medium-scale farmers and take measures for boosting of the Small and Medium Enterprises (SMEs) in the country.
Presiding over a review meeting, the PM called it a critical step...
Prime Minister Shehbaz Sharif on Tuesday directed the Federal Board of Revenue (FBR) to ensure the full implementation of reforms by removing bureaucratic hurdles and institutional barriers.
Chairing a weekly review meeting on proposed reforms within the FBR, PM Shehbaz also expressed satisfaction over the increase in the country’s tax-to-GDP...
Current expenditure accounted for 95 percent of total federal outlay in 2024-25. This was revealed in the summary of consolidated federal and provincial fiscal operations for fiscal year 2024-25, released by the Finance Division.
Total current expenditure was Rs 16,482 billion and included federal current expenditure of Rs 15,695 billion....
Pakistan’s budget deficit was recorded at Rs6.17 trillion, i.e. 5.4% of the GDP, during the fiscal year 2024-25, marking a 9-year low, showed data released by the Ministry of Finance.
A summary of consolidated federal and provincial fiscal operations for July-June 2024-25, released by the Finance Division showed that total...
The Pakistan Stock Exchange (PSX) extended its record-setting rally for a third consecutive session on Tuesday, with investors continuing to cherry-pick stocks, pushing the benchmark KSE-100 index past the 143,000-point mark.
According to Topline Securities Ltd, the bullish momentum continued from the previous two sessions, with the KSE-100 index reaching...
Bawany Air Products Limited (PSX: BAPL) has received a corrigendum to the Public Announcement of Intention (PAI) submitted on behalf of the acquirer, Mohabbat Khan and Others, which includes certain amendments to the original PAI.
All other terms and conditions of the initial PAI remain unchanged, the company's filing on...
Air Link Communication Limited (PSX: AIRLINK) is projected to report a 20% YoY decline in earnings for FY25 with profit after-tax estimated at Rs3.7 billion and earnings per share (EPS) of Rs9.3, according to the latest earning preview by Arif Habib Limited (AHL).
The earning plunge is primarily attributed to...
Oil and Gas Development Company Limited (PSX: OGDC) has received the first interest payment of Rs. 7.725 billion from Power Holding (Private) Limited (PHL), marking the beginning of the government-approved circular debt settlement plan.
According to a stock filing, the payment is the first of twelve equal monthly installments totaling...
The Federal Board of Revenue (FBR) has clarified that cash deposits made directly by buyers into a seller’s bank account will be treated as valid payments under the Income Tax Ordinance, 2001.
The clarification is in reference to the new clause (s) added to Section 21 of the Ordinance, that...
