Karachi: The oil industry in Pakistan is expected to bear financial losses of 35 billion rupees in the current fiscal year due to the exemption of sales tax on petroleum products that were provided in the Finance Law 2024. Industry estimates indicate that refineries will take losses of 18 billion rupees, while OMCS may face … Read more
Foreign investors have put more than a billion dollars of T-Dills bills during the first eight months of the 25th fiscal year, although the return is low. However, data from the State Bank in Pakistan (SBP) show that 84 % of this flow has been withdrawn during the same period. The returns on T-Bells began … Read more
The National Committee for the National tariff in Pakistan (NTC) has collected revenues of 40 billion rupees over the past 25 years by imposing duties to dumping more than 100 imported products. It has been working within the framework of the Ministry of Commerce since 2000, and NTC has imposed commercial treatment laws to protect … Read more
The Ministry of Water Resources has informed the National Assembly that the Nilom-Gyleom Energy Factory has been inappropriate since May 1, 2024, in the wake of the collapse of both main tunnels, which led to a loss of 33 billion rupees due to the ability to not connect. In response to a query from MNA, … Read more
The Railways in Pakistan achieved record revenues of 88 billion rupees in 2024, which reflects an increase of 40 % on an annual basis as it provided 10 new shipping trains, and the capacity of an expanded trainer, and provided service promotions including executive bathrooms and food halls. According to government performance review, the railways … Read more
Karachi: Al -Ghazi Jarrat Limited (PSX: AGTL) recorded a profit after a tax of 3.54 billion rupees in 2024, which reflects an increase of 35.63 % on an annual basis (YOY) from 2.61 billion rupees in the same period last year, according to the financial statement of the company on Tuesday. The arrow’s profits (EPS) … Read more
Foreign investors returned to $ 1.55 billion of profits and profits from Pakistan during the first eight months of the current fiscal year (fiscal year 25), which represents an increase of 104 % of 760 million dollars in the same period last year. The sharp rise of 791 million dollars reflects the improved economic conditions … Read more
Islamabad: During a recent session of the Senate Standing Committee for Economic Affairs, it was revealed that Pakistan received only 500 million dollars out of 10 billion dollars, which pledged to reduce floods during the Geneva Donors Conference. The private secretary of the Economic Affairs Department, and Amir Karim, informed the committee that it was … Read more
Islamabad: In surprising revelation, it prompted that Pakistan’s electricity consumers paid an amazing rupe. 18.86 billion in TV fees over the past two years. This information was revealed by the Federal Minister of Information and Broadcasting, Atallah Tarar, who provided the details in a written response during a session of the National Assembly. The collapse … Read more
Astrazeneca pharmaceutical maker said on Monday that it will buy ESOBIOTEC biotechnology for one billion dollars. Astrazeneca said the ESOBIOTEC platform designed by Esobiotec can genetically adjust immune cells directly inside the body, allowing transforming cell treatments in just minutes instead of the current process that takes weeks. Astrazneca will buy all the shares owed … Read more