The Finance Ministry termed the Rs. 1,225 billion power sector circular debt resolution a decisive step towards fiscal discipline, investors’ confidence through collective effort to address one of the most chronic challenges of Pakistan’s energy sector. The ministry issued an official statement on Thursday, welcoming the successful resolution of Rs. 1,225 billion power sector circular debt, ach
Pakistan is gearing up to locally assemble 57–80 horsepower Belarus tractors, in what officials described as a breakthrough for the country’s agricultural and industrial sectors. Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan, while chairing a high-level meeting with representatives from private tractor investors, Margalla Heavy Industries Ltd, H
Russia will introduce a partial ban on diesel exports until the end of the year and extend an existing ban on gasoline exports, Deputy Prime Minister Alexander Novak was quoted as saying on Thursday, following a spate of Ukrainian drone attacks on Russian refineries. The attacks have reduced Russian oil refining by almost a fifth on certain days and cut exports from key ports. The fall in capac
The Federal Board of Revenue (FBR) has clarified that no changes or amendments have been introduced in the Income Tax Return Form-2025 through any SRO for the declaration of the actual market value of assets. According to a clarification issued by the FBR on Thursday, the FBR has clarified that misinformation is being spread on social media groups regarding the new Income Tax Returns 2025. T
Ingredion Incorporated, the majority shareholder of Rafhan Maize Products Company Limited (RMPL), has signed a conditional agreement to sell its 51.04% stake in RMPL to Nishat Hotels and Properties Limited. RPMPL, one of Pakistan’s largest agro-based companies, disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Friday. “We have been informed by our majority share