The Fauji Fertilizer Company Limited (FFC) has completed the issuance of 150,870,449 ordinary shares to eligible shareholders of Fauji Fertilizer Bin Qasim Limited (FFBL) under the Scheme of Arrangement sanctioned by the Lahore High Court, Rawalpindi Bench. The allocation follows a swap ratio of one FFC share for every 4.29 FFBL shares. As per the […]
Fauji Fertilizer issues 150.87 million shares to FFBL shareholders Read More »
ISLAMABAD: The Chashma Nuclear Power Project Unit-5 (C-5) officially began construction with the first concrete pouring ceremony held on Monday. The project, located in Chashma, Mianwali, is a collaborative effort between Pakistan and China aimed at enhancing the country’s nuclear energy production. The ceremony was attended by Federal Minister of Planning, development and Special Initiatives
Construction begins on 1200 MW Chashma Nuclear Power Project Unit-5 Read More »
The National Assembly’s Standing Committee on Commerce emphasized the need to recover outstanding dues from federal and provincial governments during its seventh meeting on Saturday. Chaired by MNA Muhammad Jawed Hanif Khan, the committee also reviewed export strategies and discussed ways to enhance trade competitiveness. The Ministry of Commerce briefed the committee on the implementation
NA commerce committee urges recovery of dues from federal, provincial governments Read More »
Dr. Tauqir Shah, currently serving as the World Bank Group Alternate Executive Director, is likely to be appointed as an advisor or special assistant in the federal government, according to reports. The formal notification is expected in the coming days. Dr. Shah, a close aide of Prime Minister Shehbaz Sharif, has held multiple high-profile roles
Dr. Tauqir Shah likely to join federal government as advisor or special assistant Read More »
Pakistan narrowly avoided sovereign default in 2024, securing relative economic stability through an IMF bailout, according to a report. However, the year brought mounting challenges, including high taxation and economic stagnation, leaving the salaried class under immense pressure. The government’s decision, under IMF conditions, to raise the tax burden on salaried individuals to 39% led
Pakistan navigates IMF-induced stability in 2024 amidst growing economic challenges Read More »
Pakistan has scrapped plans for a new tax on banks’ profits on government debt, just days before a critical deadline and following a backlash from lenders. The proposed levy was intended to boost the south Asian country’s sluggish economy by encouraging banks to lend more to the private sector. Banks would have had to raise
Pakistan scraps plan for tax on banks’ bumper profits Read More »
The New Gwadar International Airport (NGIA), a flagship project under the China-Pakistan Economic Corridor (CPEC), is set to commence international operations with flights to Muscat starting January 10, 2025. This development signifies a transformative step for Gwadar, enhancing its position as a regional transit hub. During a high-level review meeting on Monday, Prime Minister Shehbaz
New Gwadar International Airport to launch international flights from January 10 Read More »
The Pakistan Hosiery Manufacturers and Exporters Association (PHMEA) has raised concerns over surprise raids conducted by the Punjab Labour and Human Resources Department on factories in Faisalabad, alleging harassment of factory owners. Hazar Khan, Senior Vice Chairman of PHMEA, stated that the industry is fully complying with social security laws, paying workers’ dues, and adhering
PHMEA alleges harassment by Punjab Labour Department during factory raids Read More »
The Lahore High Court has directed the government to revamp jail industries and equip inmates with essential skills to aid their rehabilitation and reintegration into society. The court stressed the alignment of educational curricula in prisons with public and private institutions to enhance inmates’ employability after release. Responding to a public interest petition filed by
LHC emphasizes prison industries and skill development for inmates Read More »
President-elect Donald Trump has requested the U.S. Supreme Court to pause the implementation of a law requiring TikTok’s Chinese owner, ByteDance, to sell the platform or face a ban. Trump argued that his incoming administration should have the opportunity to seek a “political resolution” to the matter. The Supreme Court is set to hear arguments
Trump urges Supreme Court to delay TikTok divestment deadline Read More »
