The oil refining sector is currently looking for a way out as Independent Power Producers (IPPs) are refusing to lift locally-processed furnace oil as inventory for emergency use.The Chairman of Cnergyico PK Ltd. (previously Byco Petroleum), Mohammad W…

Pakistan’s nascent startup ecosystem raised $373 million in investments in 2021, which was a growth of almost five times over $77 million in 2020. A total of 95 percent of this investment came from foreign investors, including very well-known internati…

The Federal Board of Revenue (FBR) has proposed that the procedure of clearance of cargos at Border Customs Stations and Dry ports be tightened to minimize the risk of misdeclaration during the clearance process. Also, punishment has been suggested aga…

The Federal Board of Revenue (FBR) has collected Rs. 730 million from those people who are involved with own-money associated with the vehicles business.The Chairman of the FBR, Dr. Muhammad Ashfaq Ahmed, told the Senate Standing Committee on Finance R…

Prime Minister Imran Khan on Thursday said that the promise of providing low-cost housing to the poor segment of society is being fulfilled.Chairing a meeting of the National Coordination Committee for Housing, Construction, and Development in Islamaba…

Systems Limited has expanded its operations in the heartland of the Arab world with the establishment of its 100 percent owned subsidiary in the Kingdom of Saudi Arabia, aimed at enhancing its footprint in the foreign markets.The company has set up the…