The agricultural sector, already burdened by an ongoing wheat crisis, is facing additional challenges as juice and nectar producers reduce their fruit purchases. This downturn is linked to the recent implementation of higher taxes on the industry, re…

Power generation in the country went down by 13.7 percent YoY to 8,639 gigawatts per hour (GWh) in April 2024, and down 2.4 percent YoY to 101.089 GWH in 10MFY24 compared to the same period last year.

On a month-on-month (MoM) basis, power generatio…

Foreign exchange inflows through the Roshan Digital Accounts (RDAs) stood at $171 million in April 2024, compared to $182 million in the previous month.

Overall RDA funds received to date increased to $7.831 billion by the end of April 2024, accordi…

Discussions between Pakistan’s economic team and the International Monetary Fund (IMF) Mission this week will most likely end without a staff-level agreement, sources in the Finance Ministry told ProPakistani.

Sources said policy-level talks have so…

A delegation of Pakistan Retail Business Council (PRBC) led by Chairman PRBC Ziad Bashir called on Federal Minister for Finance Muhammad Aurangzeb at Finance Division today. Minister of State for Finance and Revenue Ali Pervez Malik also attended the…

The Securities and Exchange Commission of Pakistan (SECP) held a workshop in Karachi to explore areas of potential collaboration in capital markets between Pakistan and China. The purpose of the workshop was to benefit from the experience and ideas o…

Pakistan’s annual inflation is expected to fall to 13.1 percent in May 2024 compared to 17.3 percent in April 2024, brokerage house Ismail Iqbal Securities said in its report on Tuesday.

According to the report, on a month-on-month (MoM) basis, infl…

The Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Jah has ordered an investigation against the Corporate Tax Office Islamabad (CTO) for blunt violation of instructions issued by parent agency (FBR) to provide copies of order sheet entries s to the tax…

Pakistan Stock Exchange (PSX) will gradually enhance the security-wise Circuit Breakers by 0.5 percent on a fortnightly basis till they reach the 10 percent level, the main bourse said in a notice to investors on Tuesday.

This gradual enhancement wi…

The Competition Commission of Pakistan (CCP) has granted a time-bound exemption on the relevant clauses of product supply agreement between Aramco Trading (ATC) Fujairah FZE Ltd and Gas and Oil Pakistan Ltd (GO Petroleum) for importing and selling Ga…