The Privatisation Commission has appointed financial advisers to facilitate divesting Faisalabad, Gujranwala and Islamabad power distribution companies by the end of 2025. The commission signed Financial Advisory Services Agreement (FASA) on Tuesday with the consortium led by Alvarez & Marsal Middle East Ltd and including International Consulting Associates (Pvt) Ltd (iConsult), Yousuf Adil Cha
The inflows through Roshan Digital Account (RDA) reached $9.564 billion, most of which were utilised domestically. The State Bank’s latest update showed that the RDA gross inflows reached $9.564bn as of Jan 31. Out of the total received deposits, $1.711bn had been repatriated, while $6.052bn was utilised locally. With this, net repatriatable liability remained at $1.8bn. Pakistan launched
The Oil and Gas Regulatory Authority (Ogra) on Tuesday announced that it had launched a crackdown against theft of gas, illegal decanting and mixing of carbon dioxide (CO2) with Liquefied Petroleum Gas (LPG) in three provinces — Punjab, Sindh and Khyber Pakhtunkhwa. In a statement, Ogra said it had taken serious notice of the violation of safety standards in the operations of LPG and had moved
Barring a drop in demand for tractors, sales of cars, pickups, vans and light commercial vehicles (LCVs) surged 61pc year-on-year and 73pc month-on-month to 17,010 units in January. With this addition, the sales in the above segment rose 55pc to 77,686 units in 7MFY25 from 49,989 units in the July-January FY24. Truck sales rose to 2,054 from 967 units in 7MFY24, while bus sales surged to 365
The National Assembly Standing Committee on Finance and Revenue has expanded the scope of non-filers’ purchases, allowing them to buy rickshaws, motorcycles, tractors and cars up to 800cc. The decision was part of the committee’s approval of a sub-committee report recommending revisions to The Tax Laws (Amendment) Bill, 2024, aimed at addressing stakeholder concerns and improving the tax framew