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Pakistan-Duth egg firm plans IPO to raise Rs1.2bn amid stock market surge

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Pakistan-Duth egg firm, Barkat Frisian Agro Ltd, is set to launch an initial public offering (IPO) next month to raise up to Rs1.2 billion ($4.3 million), Bloomberg reported.  The company, a joint venture between the Pakistan-based Buksh Group and the Netherlands-based Frisian Egg Group, plans to use the proceeds to establish a new production plant

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Construction begins on 1200 MW Chashma Nuclear Power Project Unit-5

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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

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NA commerce committee urges recovery of dues from federal, provincial governments

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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

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Dr. Tauqir Shah likely to join federal government as advisor or special assistant

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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

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Pakistan navigates IMF-induced stability in 2024 amidst growing economic challenges

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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

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