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Pakistan’s Mobile Imports Surge 11.86% in 7 Months

Pakistan imported mobile phones worth $1.270 billion in the first seven months (July-January) of the current fiscal year compared to $1.135 billion in the same period of last year, registering a growth of 11.86 percent, despite the increase in local ma…

CDWP Okays Karachi Circular Railway Project Worth Rs. 273 Billion

The Central Development Working Party (CDWP) on Thursday cleared the Karachi Circular Railway (KCR), worth Rs. 273 billion, as a modern urban railway project and referred it to the Executive Committee of the National Economic Council (ECNEC) for furthe…

Engro Fertilizer Reports its Highest-Ever Profit During 2021

Engro Fertilizers Limited has announced its financial results for the year that ended on 31 December 2021.According to the notification filed to the Pakistan Stock Exchange (PSX), the company has booked its highest ever profit of Rs. 21.1 billion, incr…

FBR Reduces Sales Tax on All Petroleum Products

The Federal Board of Revenue (FBR) has abolished or reduced the sales tax on all petroleum products from January 16, 2022. It has abolished sales tax on light diesel oil from the said date.FBR issued on Thursday an SRO.183(i)/2022 to amend S.R.O. 57(I)…

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