Finance Minister Ishaq Dar on Monday announced that there would be no change in the prices of petroleum products for the next fortnight. "The government has decided that the prices of petroleum products at this moment, from Oct 16, will be maintained for the next 15 days. There will be no change in them," he said in a press conference in Islamabad. The current prices for petrol are Rs224.80
After exceeding projections for several months, the Federal Board of Revenue (FBR) missed its collection target for October by 17 per cent, or Rs88 billion, owing to a sharp drop in imports, showed provisional data on Monday. The provisional revenue collection stood at Rs512bn in October as against the target of Rs600bn. This reversal of the collection trend forced Finance Minister Ishaq Dar no
Cement sales in the first four months of 2022-23 are expected to have gone down by 21-25 per cent on a year-on-year basis. Based on data obtained from the All Pakistan Cement Manufacturers Association, Topline Securities analyst Sunny Kumar said the lower offtake of local cement (-22pc) in the period under review is on the back of higher-than-expected rains across the country, rising constructi
Two state-owned energy companies listed on the Pakistan Stock Exchange said on Monday that they have negotiated and finalised, along with Government Holdings Pakistan Ltd, the definitive agreements for their respective participation in the reconstituted Reko Diq project. Oil and Gas Development Company Ltd, Pakistan Petroleum Ltd and Government Holdings Ltd, another state-owned entity, will eac
A property development company with links to former Punjab minister Aleem Khan is no more interested in buying Silkbank Ltd. The troubled bank, which is one of the smallest among listed lenders, told shareholders on Monday that Park View Enclave Ltd has withdrawn the offer to acquire a majority stake due to a change in its “business priorities”. Park View Enclave expressed its intention in M