Economy

Attock Refinery Shuts Down Main Plant

Attock Refinery Limited (PSX: ATRL) has shut down its main crude distillation unit with immediate effect, the company informed the main bourse on Monday.

‘We wish to inform you that due to high stocks of diesel, we are forced to shut down the main c…

Economy

FTO Directs FBR to Act Against Exporters Over Fake Export GDs

The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to take action against exporters, who are intentionally misusing unique user identifier (CNICs/ NTNs) of non-exporters under Pakistan Single Window (PSW) and web-based cu…

Economy

Pakistan, Iran to Sign Multiple MoUs to Enhance Cooperation

The Federal Cabinet has approved multiple Memorandums of Understanding (MoUs) for enhancing cooperation with Iran, particularly in setting up a Worker’s Welfare Fund and collaboration in the film industry, high-level sources told ProPakistani.

Sourc…

Economy

CCP Approves Singaporean Company’s Share Acquisition in Pakistani Food Company

The Competition Commission of Pakistan (CCP) has granted approval to the share acquisition of a Pakistani food company by four acquirers including a Singapore-based investment holding company.

The approved transaction involves the acquisition of a 2…

Economy

SECP Officially Registers Bank of Punjab’s Exchange Company

The Securities and Exchange Commission of Pakistan (SECP) has officially registered The Bank of Punjab’s (PSX: BOP) exchange company.

‘We are now pleased to inform you that subsequent to the issuance of above referred NOC from the State Bank of Paki…

Economy

Pakistan’s Real Effective Exchange Rate Hits 3-Year High of 104.07 in March 2024

Pakistan’s Real Effective Exchange Rate (REER) increased by 1.97 percentage points to 104.07 in March 2024, according to data released by the State Bank of Pakistan (SBP) on Monday.

According to the latest monthly data released by the central bank, …