Sui Northern Gas Pipelines Ltd (SNGPL) lost claims of approximately Rs. 19 billion against National Power Parks Management Company Pvt. Ltd. (NPPMCL) in two arbitrations before the London Court of International Arbitration (LCIA).According to the detai...
Read More »Yearly Archives: 2021
Pakistan Stock Market Witnesses Highest IPOs after 6 Years
The Pakistan Stock Exchange (PSX) has witnessed eight initial public offerings (IPOs), including two GEM Board offerings, in 2021. These are the record highest offerings after 2015, which have raised Rs. 20 billion, according to a research report by To...
Read More »Govt Plans to Privatize 12 Entities in The Next Few Years
The Privatization Commission plans to complete the privatization of at least one dozen state-own entities (SOEs) in the next few years.Pakistan Steel Mills (PSM) is also among the list of SOEs that the government wants to privatize. The government had ...
Read More »SBP Increases Policy Rate by 1%
The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Tuesday raised the policy rate by 100 basis points to 9.75 percent from 8.75 percent, according to a statement issued by the bank.The central bank said that monetary policy settings ...
Read More »SBP Makes Use of Banking Channels Mandatory for Exporters to Afghanistan and CARs
The State Bank of Pakistan (SBP) has withdrawn facilities for exporters of Afghanistan and Central Asian Republics (CARs) in response to the growing dollar demand, a situation that has compelled foreigners to conduct business solely through more onerou...
Read More »Proposals for Curbing Tax Evasion by Sugar Sector Floated in Cabinet
The government has been given a suggestion to impose a sales tax on the actual sales price of sugar to deal with possible tax evasion.According to details, a report containing various suggestions about the sugar sector was presented to the federal cabi...
Read More »Pakistan Received 47% More Loans This Year: Report
The government received $15.32 billion in fresh foreign loans from multilateral institutions and commercial banks during the previous fiscal year, up over 47 percent from $10.45 billion the year before.According to the ‘Annual Report on Foreign Economi...
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