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…
SNGPL seeks again PD intervention to settle Rs 160 billion tax.
ISLAMABAD : Sui Northern Gas Pipeline Limited (SNGPL) has against sought Petroleum Division’s support to deal with tax demand of nearly Rs 160 billion by the Federal Board of Revenue (FBR).In continuation of SNGPL’s earlier communications of even…
Aurangzeb poised to become next finance minister
Muhammad Aurangzeb is on track to assume the role of Pakistan’s next finance minister, marking a significant development as Prime Minister Shehbaz Sharif finalizes his federal cabinet appointments. The news comes amid speculation surrounding the…
PSO opposes parking PIA’s liabilities in a Holding Company
ISLAMABAD: Pakistan State Oil (PSO) has rejected government’s plan on parking of its liabilities towards PIA in a Holding Company, suggesting other options for payment of Rs 15.8 billion. Recently, Board of Management (BOM) of PSO was informed that…
CEO PNSC tenure expire
KARACHI – Rear Admiral Jawad Ahmed HI (M) has ceased to hold the position of chief executive office of Pakistan National Shipping Corporation and has consequently been relieved of his duties. According to Pakistan Stock Exchange, Ministry of…
Board Meeting Other Than Financial Results Faysal Bank Ltd
KARACHI – A meeting of the Board of Directors of Faysal Bank Limited will be held on March 6, 2024 at 12 pm at Karachi for certain matters of the Bank. The Bank has declared the closed period from February 28, 2024 to March 6, 2024 (both days inclusive)…
Petrol price up to Rs 3.50 per litre @March 1
The caretaker government is likely to increase the prices of petrol by over Rs 3.50 per liter effective from March 1, 2024.However, the government may maintain the prices of high speed diesel due to marginal increase in its price.The increase in the…
Energy’s circular debt Rs 5.2 trillion
Caretaker Energy Minister Muhammad Ali while briefing the media said that the total revolving debt of the energy sector is Rs 5422 billion. The revolving debt of the petroleum sector including interest is Rs 322 billion, while the revolving debt of the…
SNGPL receives tax recovery notice of Rs 100 b
ISLAMABAD: Sui Northern Gas Pipeline Limited (SNGPL) is reportedly in the hot waters after receiving tax recovery notice of Rs 100 billion from the Federal Board of Revenue (FBR) on swapping issue, sources told Tribune Times. As per available…
PSO no progress on setting up Greenfield oil Refinery
ISLAMABAD – Pakistan State Oil Company (PSO) under supervision and guidance of government is actively engaged in discussions with various parties regarding establishment of a Greenfield Refinery Project. However, at this point in time no material…
