Category: Affairs

Special Investment Facilitation Council (SIFC) is playing pivotal role in boosting foreign investment in the country. According to the latest update, due to facilitation of SIFC, the Securities and Exchange Commission of Pakistan registered 2,864 new companies in July 2024 with the aim of increasing exports and foreign investment. The

Minister for Industries and Production Rana Tanveer Hussain has said special economic zones (SEZs) are being established to promote investment in the country. Talking to a delegation of Federation of Pakistan Chamber of Commerce and Industry in Islamabad, he said emphasized the need for enhancing exports to strengthen economy. He

Overseas Investors Chamber of Commerce and Industry (OICCI), and Shell Pakistan Limited are jointly hosting the Pakistan Energy Symposium. This dynamic event, curated by Nutshell Group, will take place on May 22, 2024, at a local hotel in Islamabad and aims to address the pressing energy challenges and opportunities in

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 far failed to yield any conclusive result. The lender’s mission led by Nathan Porter will

The Federal Board of Revenue’s (FBR) Intelligence and Investigation Inland Revenue has detected a big Cement company’s supplier involved in fake and flying invoices worth millions of rupees. According to a statement issued by FBR the Directorate of Intelligence and Investigation, Inland Revenue has lodged an FIR before the Special

The Oil and Gas Regulatory Authority (OGRA) has announced the estimated revenue requirements and new gas prices for both Sui companies during fiscal year 2024-25. Official documents seen by ProPakistani reveal that OGRA has proposed an average gas price of Rs. 1,635.90 per MMBTU for Sui Northern Gas Pipelines Limited

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 Gasoline and diesel products to Pakistan. ATC Fujairah, registered in the United

While the November release of quarterly national accounts represents an important step forward for economic statistics in Pakistan, projects are underway for future improvements, including further refinements of seasonally adjusted estimates for eventual public release and the development of quarterly expenditure-based GDP, says the World Bank. The Bank officials in