CCP to resume inquiry in sudden increase in retail prices of edible oil prices

ISLAMABAD: The Competition Commission of Pakistan (CCP) will resume an inquiry to ascertain the reasons behind the sudden increase in the retail prices of cooking oil and ghee after the Supreme Court suspended the decision of the Islamabad High Court dated September 14, 2021. –HAMZA HABIB

Read more 

LCCI seeks govt steps to control inflation, stabilise rupee

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has stressed the need for measures to control inflation and stabilise the exchange rate for providing some relief to the business community. –IQTIDAR GILANI

Read more 

Bears continue to haunt PSX as KSE-100 Index losses 796.48 points

KARACHI: The Pakistan stocks witnessed yet another profit-taking session, amid higher inflation concerns, monetary tightening, and pressure persisting on the currency; thus, resulting in massive sell-off across-the-board on Tuesday. –JAVED MIRZA

Read more

PM inaugurates FBR’s Track and Trace System on sugar sector

ISLAMABAD: Prime Minister Imran Khan on Tuesday unveiled the Federal Board of Revenue’s (FBR) Track and Trace System on sugar sector and expressed the hope that it will help broaden the tax base and address the legitimate tax-related issues of the sugar industry. –HAMZA HABIB

Read more 

LTO Karachi, foreign investors discuss pending tax issues

KARACHI: The Large Taxpayers Office (LTO) Karachi on Tuesday discussed tax issues with foreign investors from the Overseas Investors Chamber of Commerce Industries (OICCI) operating in Pakistan. –SHAHNAWAZ AKHTER

Read more 

Tax collection on bank profits declines 26%

KARACHI: The collection of income tax on profit from bank deposits witnessed a decline of 26 per cent during the first four months (July-October) of the current fiscal year due to the lower-key interest rate and withdrawal of money from the banking system. –SHAHNAWAZ AKHTER

Read more 

Kurram Tangi Dam project Stage-I to be completed in June 2023

ISLAMABAD: The Kurram Tangi Dam project’s Stage-I, being constructed in North Waziristan district of the Khyber-Pakhtunkhwa province, will be completed by June 2023. –HAMZA HABIB

Read more 

SECP amends rules to facilitate SMEs, startups

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced amendments in the Companies (Further Issue of Shares) Regulations, 2020, to address the impediments being faced by the corporate sector, particularly startups and small companies, in raising equity through conventional modes, a statement said on Tuesday. –HAMZA HABIB

Read more 

SBP revises regulations to strengthen banking corporate governance

KARACHI: The State Bank of Pakistan (SBP) has issued revised “Corporate Governance Regulatory Framework” with the objective to further strengthen the corporate governance regime of banks and the DFIs and to align the same with international standards and best practices. –SHAHNAWAZ AKHTER

Read more 

Rupee gains 47 paisas to dollar at market open

KARACHI: The rupee gained 47 paisas against the dollar at the opening of the interbank foreign exchange market on Tuesday as the dollar is being traded at Rs174.30. –SHAHNAWAZ AKHTER

Read more

FPCCI slams suspension of gas supply to industries

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has criticised the decision of the government to suspend gas supply to non-export industries. –LATIFUR REHMAN

Read more 

KCCI supports general industry against gas supply suspension

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has said that it fully supports general industries’ resistance against the suspension of gas supplies, as it would not only affect their own production but would also have a severe impact on the export-oriented industries, as well because both were linked with each other and it was these general industries, which provide raw material to the export-oriented industries. –LATIFUR REHMAN

Read more

PSX holds gong ceremony for onboarding PKIC

KARACHI: The Pak-Kuwait Investment Company (PKIC) has been added to the list of market makers for debt securities at the Pakistan Stock Exchange (PSX) and an agreement to this effect was signed on Tuesday. –LATIFUR REHMAN

Read more 

Punjab showcases startups at Dubai Expo

LAHORE: Punjab Minister for Information Technology and Higher Education Raja Yasir Humayun has appreciated the Punjab Information Technology Board for promoting entrepreneurship spirit among the youth. –IQTIDAR GILANI

Read more 

TMA deploys My Falcon Eye to strengthen business operations

KARACHI: The Towel Manufacturing Association of Pakistan (TMA) has organised a Business-2-Business (B2B) match-making event for better connectivity between TMA members and buyers at TMA House, a statement said. –LATIFUR REHMAN

Read more