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

Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to devise a comprehensive standing operating procedure (SOP) regarding lab tests of the auctioned vehicles by the successful bidders. In this regard, the FTO has issued instructions to the FBR here on Tuesday. The FTO’s order revealed the

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 generation in the country went up by

Finance Minister Muhammad Aurangzeb will present the 2024-25 federal budget in parliament on June 7, 2024. The budget session will initially start on Thursday, June 6, before presenting it in full on Friday (the next day). After Aurangzeb’s budget presentation, the National Assembly will adjourn proceedings for two days and

The inquiry committee has identified those responsible for the controversial import of substandard wheat since last year’s regime of the caretakers led by ex-Prime Minister Anwaarulhaq Kakar, high-level sources informed ProPakistani. In a decisive move, Prime Minister Shehbaz Sharif has approved the recommendations of an inquiry committee investigating the import

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