Prime Minister Shehbaz Sharif on Monday ordered to immediate abolish the export development surcharge (EDS), taking a small but important step to lower the cost of doing business for exporters and responding to complaints about misuse of funds. The premier instructed to establish a committee to oversee the utilisation of the pending balance of Rs52 billion in the Export Development Fund (EDF),
The Securities and Exchange Commission of Pakistan (SECP) has directed Pakistan Stock Exchange (PSX) to publicly disclose all disciplinary actions taken against listed companies on its website. The SECP has approved amendments to the Pakistan Stock Exchange (PSX) Regulations. These changes are aimed at promoting greater market transparency, enhancing investor protection, and developing a robust
President of the Gold & Gems Art Promotion Council of Pakistan and Central Chairman of the Lahore Division Sarafa & Jewellers Association, Muhammad Ahmed, has welcomed the government’s decision to lift the ban on the import and export of gold. In a statement, he said the move would have far-reaching positive effects on the country’s gems and jewellery industry. He noted that rising gold prices
Some of the top global pharmaceutical companies have left Pakistan due to a revision of their business plan, rupee depreciation and due to competition with the local pharmaceutical companies. According to senior representatives of the Pakistan Pharmaceutical Manufacturing Association (PPMA) and officials of the Federal Ministry for National Health Services and Regulations (NHSR) most of these c
The Trading Corporation of Pakistan (TCP), Pakistan’s state agency, has issued a tender to purchase 100,000 metric tons of rice for supply to Bangladesh, European traders said on Monday. The deadline for submission of price offers is November 28. Bangladesh also announced another rice tender on Monday, continuing a series of import tenders in the last few weeks to cool local prices. The tend