Day: December 14, 2021

Sui Northern Gas Pipelines Ltd (SNGPL) lost claims of approximately Rs. 19 billion against National Power Parks Management Company Pvt. Ltd. (NPPMCL) in two arbitrations before the London Court of International Arbitration (LCIA).According to the detai…

The Pakistani Rupee (PKR) finally held out against the US Dollar (USD) after five consecutive days of losses, and appreciated by one paisa against the greenback in the interbank market today. It hit an intra-day low of Rs. 178.20 against the USD during…

The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Tuesday raised the policy rate by 100 basis points to 9.75 percent from 8.75 percent, according to a statement issued by the bank.The central bank said that monetary policy settings …

The government has been given a suggestion to impose a sales tax on the actual sales price of sugar to deal with possible tax evasion.According to details, a report containing various suggestions about the sugar sector was presented to the federal cabi…

The Pakistan Stock Exchange (PSX) has witnessed eight initial public offerings (IPOs), including two GEM Board offerings, in 2021. These are the record highest offerings after 2015, which have raised Rs. 20 billion, according to a research report by To…

Federal Minister for Information and Broadcasting Fawad Chaudhry on Tuesday warned that “Pakistan will have no gas in years to come”, as the resource was depleting by nine percent every year.Briefing the media after the cabinet meeting, the Minister sa…