BeNewz Report ISLAMABAD: A parliamentary committee led by PTI’s Atif Khan has launched an investigation into alleged price manipulation by the sugar industry, which reportedly netted millers an extraordinary Rs 300 billion in profits within just three weeks. The committee is seeking details from the Securities and Exchange Commission of …
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BeNewz Report ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb was given a comprehensive briefing by the Competition Commission of Pakistan (CCP) on the challenges of promoting competition in the sugar sector and the causes of the recent sugar crisis. The meeting highlighted that inaccurate estimates provided by the Sugar Advisory …
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Aftab Maken ISLAMABAD: Pakistan Petroleum Limited (PPL), one of the nation’s leading energy companies, has confirmed it was the target of a ransomware attack, but asserts that its core operational systems and sensitive data remain uncompromised. The incident, detected on August 6, 2025, prompted a swift and decisive response from …
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BeNewz Report ISLAMABAD: The consumers are set to get a relief of Rs 2.65 per unit in their electricity bills for August 2025. This relief includes Rs 1.88 per unit relief for consumers of Discos and KE on account of the quarterly adjustment.They will also get a reduction in electricity …
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ISLAMABAD: The IT minister, Shaza Fatima, has skipped the high-level conference organized by GSMA, which has irked the telecom industry players.Unfortunately, the IT minister is not present at the conference, a key GSMA official said while talking to journalists here on Thursday.The GSMA has noted that, despite having talent, ambition, …
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Aftab Maken ISLAMABAD: Pakistan has encountered a significant economic challenge at the start of the new fiscal year, with its trade deficit recording a worrying increase in July 2025. According to the latest figures released by the Pakistan Bureau of Statistics (PBS), the trade deficit for the first month of …
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Bankruptacy law – 1 BeNewz Report ISLAMABAD: A sub-committee on Bankruptcy Law and the Prevention of Undue Harassment by State Authorities has proposed major relief measures for companies facing winding-up orders. The committee has recommended key amendments to the Corporate Rehabilitation Act, 2018, including the removal of the eligibility threshold …
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Aftab Maken ISLAMABAD: Pakistan and Iraq have agreed to boost maritime cooperation and explore new sea routes by signing a Memorandum of Understanding (MoU) to start a ferry service between Iraq’s Umm Qasr Port and Pakistan’s Gwadar Port. The agreement was made during a meeting between Federal Minister for Maritime …
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Aftab Maken ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, chaired virtually by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, convened on Monday to review and approve key economic proposals, including an electric vehicle subsidy scheme, a technical supplementary grant (TSG) for the Telegraphic Transfer Charges Incentive …
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Aftab Maken ISLAMABAD: The Competition Commission of Pakistan (CCP) has expressed dissatisfaction with the proposed business plan for the merger of Pakistan Telecommunication Company Limited (PTCL) and Telenor Pakistan During ongoing proceedings under Section 11(6) of the Competition Act, 2010, the CCP directed PTCL’s management to submit a revised plan …
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