The Directorate General of Petroleum Concessions (DGPC) under the Ministry of Energy (Petroleum Division) has issued show-cause notices to two petroleum companies, Spud Energy Pty Ltd (SEPL) and Frontier Holdings Ltd (FHL), for failing to disclose recent changes in their ownership structures. The Petroleum Division emphasised that any change in a company’s ownership or board must receiv
Foreign Minister Ishaq Dar met US Secretary of State Marco Rubio on Friday and discussed trade, investment, counterterrorism cooperation and the clash between India and Pakistan in May, according to officials from both countries. The meeting — the first such engagement between the foreign ministers of the two countries in three years — is being considered a breakthrough in diplomacy between Pak
Health Minister Mustafa Kamal urged international stakeholders to explore partnerships in Pakistan’s rapidly evolving health landscape, highlighting the country’s “immense” potential for investment, state-run Radio Pakistan reported on Saturday. Representing Pakistan at Boao Forum for Asia’s (BFA) Global Health Forum in Beijing yesterday, the health minister underscored that Pakistan presents “
The stock market extended its overnight bearish trend on Thursday as investors continued to offload positions to lock in profits ahead of the rollover week’s close. Ahsan Mehanti of Arif Habib Corporation attributed the decline to concerns over rupee instability, expectations of further depreciation amid rising imports and subdued remittances, as well as persistent inflation. He added that unre
The government on Thursday reported more than Rs2.2 trillion worth of tax evasion through ‘fake’ and ‘flying’ invoices over the past two fiscal years, highlighting the massive scale of loss of public monies due to weak enforcement. Testifying before the Senate Standing Committee on Finance and Revenue, Federal Board Of Revenue (FBR) Member Hamid Atique Sarwar said that more than Rs873bn in ‘fak