News

CORPORATE WINDOW: Profit and ‘shrinkflation’

Amid consumers’ continuous struggle to survive under rising costs of living and unaffordable utility bills, essential goods makers must be upbeat about robust sales and profits in 2023. Manufacturers’ shining results usually highlight sales, profit and loss, inventory losses, finance costs, gross profit, etc., but the volumes of their various products remain missing from their balance sheets. P

Strengthening transparency

Government auditors facilitate the accountability of governments to legislatures and citizens across the world. Aside from enhancing transparency of operations, auditors’ work provides an independent opinion on whether tax payers’ money is being used for its intended purposes and in compliance with applicable laws, rules and regulations. Government auditors are required to be independent to carry

FIA digs into claims of financial misconduct in LPG imports

ISLAMABAD: The Federal Investigation Agency (FIA) has started an investigation into the allegations of illicit imports and operational irregularities within the liquefied petroleum gas (LPG) sector, following directives from the Special Investment Facilitation Council (SIFC). These allegations, purported to have caused losses worth billions of rupees to consumers and the country’s foreign excha

Triggering correction course

Despite the nation’s many hopes and expectation, the country’s political leadership has yet not been able to agree on a charter of economy or a common minimum agenda for the newly elected government to pursue for the next five years. However, ongoing developments indicate that the country’s multiple crises are likely to be addressed on an issue-to-issue basis either through the parliamentary pr

Iran-Pakistan gas pipeline revival

The stars appear to be finally aligning for the long-awaited Iran-Pakistan (IP) gas pipeline. Driven by necessity and bolstered by the current global environment, Pakistan has set its sights on commencing and swiftly completing a small 80-kilometre stretch of the pipeline. Originally envisioned to span 785km in total, running from the Iran border through Balochistan to Sindh and extending to Pu