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

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

Illegal and smuggled cigarettes cause an annual loss of over Rs 310 billion to Pakistan’s economy, a report by the National University of Science and Technology (NUST) said on Tuesday. At the launch event of the report, Federal Minister of Defence Khawaja Asif boldly claimed that Pakistan could potentially collect