Islamabad: The licensing epic about the manufacture of fertilizers in Punjab with snow was in a legal battle, which prompted the main industrial players to request residency orders from the courts, which now prompted urgent action from the government. The conflict tracks nearly three years, when the Punjab government has made it mandatory for fertilizer … Read more
Pakistan recorded a financial deficit of 2.4 % of GDP – which reaches 2.97 trillion rupees – during the first nine months of the fiscal year 2024-25 (July 2024 to March 2025), as indicated at Topine Securities. This represents an improvement in the 3.7 % deficit registered during the same period last year. For January … Read more
Tesla Robyn Denholm president denied a report on Wall Street Journal claiming that the company’s board of directors has approached the executive research companies to find an alternative to Elon Musk CEO. Dunholm described an “completely false” article, stressing that the board of directors is still “very confident” in the leadership of Musk as the … Read more
The banks listed in Pakistan witnessed a 14 % increase in profitability on an annual basis during the first quarter of 2025 (1Q2025), as it amounted to 173 billion rupees. Topline. The net interest revenues in the sector (NII) increased by 23 % year on an annual basis to 536 billion rupees, driven by volumetric … Read more
The State Bank in Pakistan (SBP) is expected to announce the reduction of 50 basis points (BPS) in its policy price to 11.5 % during the upcoming monetary policy meeting scheduled for May 5, 2025, according to analysts at Arif Habib Limited. The expectation depends on a continuous decrease in inflation, a strong pillow for … Read more
Octopus Digital Ltd. (Octopus) from a strong increase of 37.7 % year on an annual basis in the revenues of the calendar year 2024 (CY24), which reaches 1.3 billion PKR compared to 0.9 billion PKR in the same period last year. The company revealed the details during a analytical surrounding, determining its financial performance and … Read more
The International Monetary Fund (IMF) highlighted many of the main challenges of governance in Pakistan, noting that the country’s civil service is strongly politicized, accountability mechanisms are weak, and that anti -corruption policies are inconsistent. The International Monetary Fund has warned that these issues contribute to the broader weaknesses and increase the risk of corruption, … Read more
The automotive industry in Pakistan was in an impressive ascending path during the first nine months of the fiscal year 25, as car sales reached 100868 units – a noticeable increase of 46 % compared to the previous year, according to a report issued by the mediation company Topline. This increase in demand reflects the … Read more
April 7, 2025: The public insurance sector in Pakistan (non -life) recorded a remarkable increase by 35 % on an annual basis (YO) in profits during the year 2024, reaching 17.4 billion rupees. This growth rate exceeds the five -year compound growth rate (CAGR) of 19 %, according to a report published by Topine Securities. … Read more
The International Monetary Fund (IMF) in principle has agreed to reduce the deduction tax (WHT) on the purchases of property by 2 %, starting in April 2025, while leaving tax rates on real estate sellers unchanged. The decision follows the request of the Federal Revenue Council (FBR) to alleviate the costs of transactions in the … Read more