Pakistan Stock Exchange (PSX) will gradually enhance the security-wise Circuit Breakers by 0.5 percent on a fortnightly basis till they reach the 10 percent level, the main bourse said in a notice to investors on Tuesday. This gradual enhancement will start on 27th May 2024 and shall be completed on
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
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
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