In a rare move, the Sui Southern Gas Company Ltd (SSGCL) has alleged that Pakistan Steel Mills’ audited accounts for 2021-22 had violated the current scheme for revival of the PSM approved by its board and the federal government. In a statement, the Karachi-based gas utility raised questions over the auditor’s report on PSM’s financial statement for 2021-22 but precisely confirmed the auditor’s
Trade unionists, beware! A new kind of collective bargaining agent (CBA) is in town to replace you. As implausible as it may sound, it’s the CEO you’ve been haggling with for decades. The minimum wage is a thing of the past, says the new CBA. A full-time job is supposed to lift one out of poverty, not keep them there indefinitely. The latest catchword in the corporate world is fair living wage
Almost after seven years, Pakistan and Turkiye have implemented a preferential trade agreement to boost bilateral trade volume across various sectors. Both sides notified duty reductions on mutually agreed tariff lines with effect from May 1, an official announcement of the commerce ministry said on Thursday. Islamabad and Istanbul signed the “Trade in Goods Agreement” in August 2016. Under
A delegation from Gilgit-Baltistan has visited the Tashkurgan town in Xinjiang, an autonomous territory in northwest China, to discuss matters of mutual interest and sought relaxation on exports to the neighbouring country through Khunjerab Pass. The parliamentary delegation, headed by GB Assembly Speaker Syed Amjad Ali Zaidi and on a five-day visit to Xinjiang, also asked Chinese authorities t
Foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by $6 million to $4.46 billion during the week ending on April 28, announced the central bank on Thursday. Currency experts believe a meagre fall in SBP reserves helped the exchange rate to remain stable for more than a couple of weeks. However, bankers maintain that the current account surplus of $654m in March was the