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Business

IFC Approves $400 Million Loan For PTCL to Buy Telenor Pakistan

The World Bank’s International Finance Corporation (IFC) has approved a $400 million loan for Pakistan Telecommunication Company Limited (PTCL) to help finance the acquisition of Telenor Pakistan.

‘It is to inform that the Board of Directors of Inte…

OGDC Discovers Tight Gas in An Exploratory Well in Sindh

Oil AND Gas Development Company Limited (PSX: OGDC) has discovered gas at its exploratory Well Nur West 01, located in district Sujawal, Sindh, the company informed the main bourse on Monday.

OGDC is the operator (100 percent) of Nur Development AND…

Tax Lawyers Under Stress After FBR’s New Tajir Dost Scheme

The lawyers’ community is irritated that the Federal Board of Revenue’s (FBR) Tajir Dost Scheme ‘Announcement’ for traders to file returns without lawyers’ help and assistance.

The Pakistan Tax Bar Association (PTBA) has approached Finance Minister …

Japan Threatens Pakistan Due to its Car Export Policy

The Japanese government has warned that it will take Pakistan to the World Trade Organisation (WTO) over pressure on three Japanese car manufacturers to export their vehicles.

Honda, Toyota, and Suzuki face a requirement to export a percentage of th…

Rupee Downfall Continues 4th Day in a Row Against US Dollar

The Pakistani rupee fell further 4th day in a row against the US Dollar after opening trade at 280 in the interbank market.

It was bearish against the greenback today.

The interbank rate stayed at 278 most of the day before closing at the 277 level…

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