- 23 April, 2024
January 6, 2022
Oil Refineries Want a Bailout as IPPs Refuse to Buy Local Fuel
The oil refining sector is currently looking for a way out as Independent Power Producers (IPPs) are refusing to lift locally-processed furnace oil as inventory for emergency use.The Chairman of Cnergyico PK Ltd. (previously Byco Petroleum), Mohammad W…
Pakistani Startups Raised 5x More Funding in 2021 than 2020: CEO Ignite
Pakistan’s nascent startup ecosystem raised $373 million in investments in 2021, which was a growth of almost five times over $77 million in 2020. A total of 95 percent of this investment came from foreign investors, including very well-known internati…
FBR Wants to Make Cargo Clearance Stricter
The Federal Board of Revenue (FBR) has proposed that the procedure of clearance of cargos at Border Customs Stations and Dry ports be tightened to minimize the risk of misdeclaration during the clearance process. Also, punishment has been suggested aga…
FBR Collected Rs. 730 Million from People Involved in Own-Money Business
The Federal Board of Revenue (FBR) has collected Rs. 730 million from those people who are involved with own-money associated with the vehicles business.The Chairman of the FBR, Dr. Muhammad Ashfaq Ahmed, told the Senate Standing Committee on Finance R…
Govt to Provide 12,400 Apartments for The Poor in Islamabad
Prime Minister Imran Khan on Thursday said that the promise of providing low-cost housing to the poor segment of society is being fulfilled.Chairing a meeting of the National Coordination Committee for Housing, Construction, and Development in Islamaba…
Pakistan’s Systems Limited Expands to Saudi Arabia
Systems Limited has expanded its operations in the heartland of the Arab world with the establishment of its 100 percent owned subsidiary in the Kingdom of Saudi Arabia, aimed at enhancing its footprint in the foreign markets.The company has set up the…