Global rally pushes gold to new peak, silver steady in Pakistan
Gold prices reached another record high in Pakistan and abroad on Friday, extending a rally that has unsettled consumers and investors alike. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola surged…
Islamabad, Tokyo Hold Talks to Boost Bilateral Cooperation
Pakistan and Japan have reaffirmed their commitment to strengthening bilateral cooperation in trade, investment, education, and people-to-people exchanges during the 14th Round of Bilateral Political Consultations (BPC) held in Islamabad on Thursday. The…
Wheat Hoarding, Punjab Ban Blamed for Flour Hike in KP
The price of flour in Peshawar has shot up to Rs120 per kilogram, following a Rs20 increase driven by inter-provincial supply restrictions and alleged wheat hoarding. Flour dealers in the city report that the Punjab government has curtailed the movement…
NA approves Finance Bill 2024-25
Islamabad, Pakistan – Pakistan’s National Assembly approved a controversial tax increase bill on Friday. This move aims to meet ambitious revenue targets set for the upcoming fiscal year and secure a crucial loan from the International…
PIA bidding to be telecasted live: PM
Prime Minister Shahbaz Sharif was apprised on Tuesday that the pre-qualification process for the privatization of Pakistan International Airlines (PIA) would be completed by May. An important review meeting regarding the affairs of the Ministry of…
SECP’s meeting-cum-webinar on Risk Based Capital Regime for Insurance Sector
ISLAMABAD, March 21: The Securities and Exchange Commission of Pakistan (SECP) held a session for the insurance industry participants to provide an overview of the Risk Based Capital (RBC) Regime and walk-through of the recently disseminated RBC…
Plan to settle PSO payables of PIA
ISLAMABAD: Privatisation Commission is said to have agreed with a plan submitted by Pakistan State Oil (PSO) on settlement of payables of Pakistan International Airlines (PIA). According to the plan, a clean asset transfer, in the form of…
SNGPL\ PSO to recover Rs 193 billion from power sector to avert international default
ISLAMABAD: Directorate General of Gas (Petroleum Division) has sought Power Division’s help for recovery of Rs 193 billion from WAPDA, IPPs and GPPs to avert international default of Pakistan State Oil (PSO) and Sui Northern Gas Pipeline Limited (SNGPL).…
MD &CEO Fauji Fertilizer Co. Ltd stepping down on March 31, 2024
ISLAMABAD – Sarfaraz Ahmed Rehman will be stepping down from the office of Managing Director and Chief Executive Officer of Fauji Fertilizer Company Limited with effect from March 31, 2024. The Board of Directors of FFC has approved the appointment of…
SECP notifies amendments to Corporate Restructuring Companies Rules, 2019
The Securities and Exchange Commission of Pakistan (SECP), under the auspices of the federal government, has notified amendments to the Corporate Restructuring Companies Rules, 2019. The amendments made in light of promulgation of the Corporate…