Industry

The Securities and Exchange Commission of Pakistan (SECP) has appointed a chartered accountancy firm as an investigator to conduct the forensic audit of Hascol Petroleum Limited (HPL).In an official notice to the Pakistan Stock Exchange (PSX) on Monday…

Mondelez Pakistan, one of Pakistan’s and global leading snacking companies, announces the appointment of Sami Wahid as the new Managing Director (MD) effective January 2022. Wahid will be responsible for the overall business strategy and commercial of…

The import of COVID vaccines and various relevant medicines to deal with the pandemic has put significant pressure on the country’s trade deficit.Pakistan’s import bill of medicinal products swelled by 475% or 4.75 times to $3.1 billion, mainly due to …

The country’s leading energy company, Pakistan State Oil (PSO has signed a Memorandum of Understanding (MoU) with Pakistan Railways for the supply and transportation of POL products to different parts of the country.Managing Director PSO Syed Taha and …

The current account deficit has continued to balloon in recent months due to the higher import bill, surging over $9 billion during the first half of the current financial year 2021-22. According to statistics updated by the State Bank of Pakistan, the current account deficit has surged to $9.09 billion during the period of July…

The National Electric Power Regulatory Authority (NEPRA) is all set to increase electricity prices for December. If approved, a burden of over Rs. 30 billion would be borne by electricity consumers in Pakistan. Central Power Purchasing Agency (CPPA) has filed a petition to NEPRA to ascertain the Fuel Cost Adjustment (FCA) for the month of…

The Khyber Pakhtunkhwa Assembly has passed “Urban Areas Development Authorities, Amendment Bill, 2022”.The session of the Provincial Assembly was held in Peshawar on Tuesday with Deputy Speaker Mahmood Jan in the chair.Meanwhile, addressing a ceremony …

President Dr Arif Alvi has apologized to an aged taxpayer over administrative injustice by the Federal Board of Revenue.The President, in a press release issued on Sunday expressed dismay over the treatment of an 82 years old tax payer by FBR.He direct…

The government has increased the prices of petroleum products in view of the rising oil prices trend in global market.According to the notification issued by the Finance Ministry, the price of petrol has increased by 3.01 rupees per litre, High Speed D…