News

Saudi team arrives to boost trade cooperation

A high-powered delegation of Saudi Arabia led by its Minister for Investment Sheikh Khalid Bin Abdul Aziz Al Faleh arrived here on Wednesday on a three-day official visit. Federal Minister for Board of Investment, Privatisation & Communications Abdul Aleem Khan, Minister for Trade Jam Kamal Khan and Minister for Petroleum Mohammad Musadik Malik along with senior officials received Saudi Arabia’

Engro launches app for farmers

Engro Fertilisers has launched UgAi, the first integrated agri e-commerce platform of Pakistan, to offer farmers relief by enabling direct purchase of fertilisers at official prices from the company. In the first phase, the app was launched for farmers in Sindh, and there are plans for a nationwide rollout soon. With the UgAi app, Engro Fertilisers will deliver fertilisers straight from its

Early pact termination sparks IPPs’ board meetings

As the government gears up to terminate key agreements prematurely this month, several independent power producers (IPPs) have called emergency meetings to review the development. In a stock filing on Wednesday, Hub Power Company Limited (Hubco) announced that its board of directors will hold an urgent meeting on Thursday (today). The board will review the terms for the early termination of

Remittances jump 39pc in July-September

The country witnessed a significant surge in remittances during the first quarter of the current fiscal year (FY25), with inflows jumping 39 per cent compared to the same period last year. The State Bank reported on Wednesday that September remittances saw a remarkable 29pc increase compared to the same month last year. “Workers’ remittances recor­d­­ed an inflow of $2.8 billion during Septe

Tax on agri income from next July

Finance Minister Muhammad Aurangzeb on Wednesday said that tax on the agriculture sector would come into force from July 1, 2025, under the National Fiscal Pact (NFP) with provinces and hoped to sign a memorandum of understanding (MoU) shortly with China on talks for reprofiling of energy sector debt. Speaking to journalists after a meeting of the Senate Standing Committee on Finance, the finan