An inquiry committee of the Competition Commission of Pakistan (CCP) on Tuesday found urea manufacturers guilty of price fixing. The committee recommended to the CCP initiate proceedings against urea manufacturers and the Fertilisers Manufacturers of Pakistan Advisory Council (FMPAC) under Section 30 of the Competition Act 2010. This recommendation was based on a prima facie violation of Sec
Federal and Punjab authorities discuss measures to ensure that cotton growers get the support price as the country secures the first white lint export orders for the new crop. Federal Finance Minister Ishaq Dar and caretaker Punjab Chief Minister Mohsin Naqvi chaired a meeting on Tuesday to deliberate on measures to ensure that growers receive the fixed support price of Rs8,500 per maund for th
As the automobile sector ended FY23 with a 50 per cent dip in year-on-year sales, Indus Motor Company (IMC) said it has signed an agreement with Toyota Egypt to export “high-quality products” from July. A press release issued by the company on Tuesday did not specify the nature of the products which will be exported. The first consignment “will mark the beginning of an era” from an export po
Pakistan and China have agreed to fast-track work on the implementation of main line (ML-1) railway project and special economic zones (SEZs). An agreement in this regard was reached between Minister for Planning and Development Ahsan Iqbal and National Development and Reform Commission (NDRC) Chairman Zheng Shanjie during a meeting held in Beijing on Tuesday, according to a press release.
The Executive Committee of the Economic Council (Ecnec) on Tuesday approved six projects with an estimated cost of Rs1.077 trillion including two mega country-wide projects in health and energy sectors. Federal Minister for Finance and Revenue Ishaq Dar presided over the meeting also attended by Commerce Minister Syed Naveed Qamar, SAPM on Finance Tariq Bajwa, SAPM on Revenue Tariq Mehmood Pash