The Securities Exchange Commission of Pakistan (SECP) in its investigation has made Hascol Petroleum Ltd’s management and auditors responsible for the financial fiasco.Sources said that the SECP, in its investigation on the first show-cause notice issu…

Federal Minister of National Food Security Syed Fakhar Imam conducted a high level meeting with the provincial counterparts to monitor the ongoing sowing of wheat in the country.The meeting attended by representatives from all provinces, including Punj…

The Large Scale Manufacturing Industries (LSMI) output increased by 5.15 percent in the first quarter (July-September) of the current fiscal year 2021-22 compared to the same period last fiscal year, i.e., 2021, data released by the Pakistan Bureau of …

A poll by Topline Securities suggests that an increase of 75 bps or higher will be noted in the November 2021 Monetary Policy Statement (MPS).A total of 73 key financial market participants responded to the poll. For the coming MPS, 25 percent of the p…

Commerce Ministry informed a National Assembly Panel that Pakistani’s Basmati rice exports to Saudi Arabia, United Arab Emirates (UAE), and Kenya have taken a hit due to various reasons and highlighted steps being taken by the government to revive the …

The privatization of the Heavy Electrical Complex (HEC) has entered into its final stages.Currently, different options for the determination of Reserve Price for the bidding of HEC shares are being considered by the Privatisation Commission (PC) before…

The percentage of Pakistan Railways’ deficit as compared to revenue increased from 73.87 percent in 2017-18 to 97.68 percent in 2020-21, while income declined from Rs. 49.58 billion to Rs. 48.65 billion during this period.This was revealed by Railways …

Last month, a robotics student Ken Pillonel managed to create the world’s first USB C iPhone by himself. He managed to mount a USB C port on an original iPhone X and it worked perfectly fine for charging as well as data transfer.His USB C iPhone X went…

The Federal Board of Revenue (FBR) revealed on Thursday that the share of sales tax on imports remained 56.4 percent while domestic sales tax contributed 43.6 percent to the total sales tax collection during 2020-21.In its biannual review, the FBR has …

The Central Depository Company has launched Pakistan’s first Professional Clearing Member in collaboration with the Pakistan Stock Exchange and the National Clearing Company of Pakistan Limited under the Regulatory Impetus of the Securities & Exchange …