Hinopak Motors Limited (HML) posted a loss after tax of Rs244 million for the nine months ending December 2023 compared to profit after tax of Rs10m a year ago, the company said on Tuesday. This led to a loss per share of Rs9.83 against earnings per share of Rs0.41 in the same period last year. Hinopak’s sales of trucks and buses shrank to 240 units from 780, while revenue fell to Rs5.48bn f
THE success of general elections on Feb 8 hinges significantly on voter turnout, impacting both the democratic process and the public cost incurred. A robust participation rate, besides strengthening democracy, will validate the allocation of valuable resources, both human and material, invested in this extensive nationwide endeavour. A low voter turnout could escalate the cost per voter — a
After the Election Commission of Pakistan (ECP) barred the caretaker government from moving ahead with its controversial plan to restructure the Federal Board of Revenue (FBR), caretaker Finance Minister Shamshad Akhtar said the restructuring roadmap approved by all stakeholders will be ‘operationalised’ by the elected government. The caretaker minister revealed this plan during a televised
Emphasising the need for concerted efforts to explore onshore and offshore oil and gas reserves, caretaker Prime Minister Anwaarul Haq Kakar said on Tuesday the country has an abundance of natural resources to cater for domestic and industrial needs. Speaking at the Petroleum Conference as the chief guest, the prime minister reaffirmed the government’s readiness to contribute to infrastructure
Despite an improved global outlook, the International Monetary Fund (IMF) on Tuesday lowered Pakistan’s economic growth forecast to two per cent for the current fiscal year, down 0.5 percentage points from its October estimate of 2.5pc. In its latest World Economic Outlook (WEO) report released on Tuesday, the Washington-based global lender also slightly revised downward (by 0.1pc) the ne