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Business

Searle to Divest 100% Control in Subsidiary

The Board of Directors of Searle Company Limited (PSX: SEARL) has in-principal approved the disposal of 100 percent shareholding/ control of Searle Pakistan Limited (SPL), the company informed the main bourse on Wednesday.

‘Furthermore, the Board of…

The Bank of Punjab Joins SME Finance Forum

The Bank of Punjab, a Key player in Pakistan’s SME banking Segment, has joined hands with SME Finance Forum (SMEFF) managed by International Finance Corporation (IFC).

SMEFF is a global membership network dedicated to expanding access to finance for…

Govt Announces Big Cut in Price of Petrol

The federal government on Wednesday slashed prices of petroleum products for the next fortnight.

According to a notification issued by the finance ministry, the price of petrol has been decreased by Rs. 15.39 per liter to Rs. 273.10, while the price…

Oil Industry Demands Govt to Immediately Release Rs. 90 Billion

The Oil Marketing Association of Pakistan (OMAP) has demanded the federal government to release Rs. 90 billion in foreign exchange adjustments and tax refunds to the oil industry.

The association has appealed to Finance Minister Muhammad Aurangzeb t…

Pakistan, US Agree to Boost Cooperation in IT and Telecom Sector

US Ambassador to Pakistan Donald Blome called on Minister of State for IT and Telecommunication Shaza Fatima Khawaja on Wednesday.

Matters of mutual interest related to IT and telecom, the digitalization of Pakistan’s judicial system, and the promot…

Fertilizer Manufacturers Agree to Reduce Urea Prices

Fauji Fertilizer Company Managing Director and CEO Jahangir Piracha called on the Federal Minister for Industries and Production Rana Tanveer Hussain on Wednesday.

Piracha informed the minister that the Fertilizer Manufacturers of Pakistan Advisory …

No Talks with IMF to Increase Electricity Prices: Minister

Federal Minister for Power Sardar Awais Ahmad Khan Leghari Wednesday said that no talks have taken place with the International Monetary Fund (IMF) regarding an increase in the power tariff.

In a message posted on X, the minister labelled news of an…

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