BYD–a Chinese Electric Vehicle (EV)–launches its brand in Pakistan. Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb also attended the BYD Brand Launching in Pakistan. — BYD, a global frontrunner in electric vehicles and renewable energy solutions, made a significant entry into the Pakistani market today, promising a new …
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Islamabad: The UAE Ambassador to Pakistan, Ibrahim Salem Alzaabi has shared his video message on the eve of 77th Independence Day of Pakistan. In his message, the ambassador said, “On the occasion of 77th independence of Islamic Republic of Pakistan, I extend my warm greetings to the friendly government and people of …
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The Competition Commission of Pakistan (CCP) has passed an order imposing a fine of Rs 60 million on Unilever Pakistan for airing deceptive claims through television commercials for its hygiene and cleansing products, ‘Lifebuoy (Care and Protect) Soap’ and ‘Lifebuoy Hand Wash’. The Commission’s bench has disposed of proceedings about …
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The federal government has appointed Rashed Langrial of the Pakistan Administrative Service (PAS) as the Chairman of the Federal Board of Revenue (FBR). Sources revealed that the federal government has completed preparations for the new Chairman of FBR’s appointment, and approval for the appointment has been sought from the federal …
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Secretary Petroleum next in the line of fire The Director General Petroleum Concession (DGPC) has become the first casualty of the controversial framework for the allocation of gas to third parties. The petroleum minister successfully removed the DGPC from his post on Tuesday amid controversy surrounding the implementation of the …
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Gunvor Group Expands Footprint with Major Acquisition TotalEnergies Marketing & Services, a significant player in the global energy sector, recently concluded its operations in Pakistan by selling its shares to Gunvor Group, another prominent international company. This transaction marks a pivotal shift in Pakistan’s energy landscape, following the earlier departure …
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Federal Minister of Finance, Muhammad Aurangzeb, has stated that Chinese ministers have appreciated the discussions with the International Monetary Fund (IMF) and that China will support Pakistan in the IMF board’s approval. He added that without achieving macroeconomic stability, the issues will not be resolved. During a press conference in …
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Rawalpindi/Islamabad: Jamaat-e-Islami staged dharna at Liaqat Bagha not only entered the second day of its protest but the JI has also accepted the government’s request to negotiate on the issues. The sit-in by Jamaat-e-Islami against inflation and increased electricity bills continues for the second day at Liaquat Bagh in Rawalpindi. …
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The Committee expressed concern over federal taxes on the industry and suggested inviting the Chairman of the Federal Board of Revenue (FBR) to brief the Committee on industrial taxes and discuss potential tax waivers to support the sector’s revival. The 2nd meeting of the Standing Committee on Industries & Production …
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The federal government has prepared a plan to roll over a $9 billion loan from China and Saudi Arabia for the current fiscal year. Pakistan has over $20.8 billion in payments due, while it has assurances of $10.7 billion in project financing. The briefing mentioned that the government is in …
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