Commercial importers have called on the federal government to end the tax gap between commercial and industrial imports of raw materials, saying the disparity is driving tax avoidance, distorting the market, and leading to substantial losses in revenue for the national exchequer. Industry sources said that current tax differential, ranging between 26-28 percent total impact in comparison, is no
Pakistan Petroleum Limited (PPL) has signed Production Sharing Agreements (PSAs) and exploration licences for eight offshore exploration blocks awarded under the Pakistan Offshore Bid Round 2025, marking a significant step toward reviving offshore hydrocarbon exploration in the country after nearly two decades. According to a notice filed by the company with the Pakistan Stock Exchange (PSX), t
Oil and Gas Development Company Limited (OGDC), Pakistan’s largest exploration and production company, has secured eight offshore exploration blocks under the Offshore Bid Round 2025, marking a major expansion of its exploration portfolio. The Government of Pakistan has reopened its offshore exploration frontier after nearly two decades through the signing of Production Sharing Agreements (PSAs
Pakistan’s total liquid foreign exchange reserves rose sharply to USD 22.5885 billion during the week ended May 15, 2026, supported by inflows from the International Monetary Fund (IMF) and proceeds from Panda Bonds. According to the latest weekly report issued by the State Bank of Pakistan (SBP), its own foreign exchange reserves increased by USD 1.214 billion during the week to reach USD 17.0
Millat Tractors Limited Chairman Sikandar Mustafa Khan has said that his group will start exporting tractors to Nigeria and Mexico soon after the US-Iran war is over. He disclosed this while speaking at a function his group held for the Founders Group at a local hotel in Lahore.” Consignments are ready and we will start export as early as the war in Middle East is over.” He maintained that the