In a strategic move, the FBR has finalized a groundbreaking scheme to impose sales tax on retailers in prominent cities like Islamabad, Karachi, Lahore, Peshawar, and Quetta. FBR finalized this initiative in anticipation to significantly boost revenue, with FBR sources projecting an initial yield of Rs. 100 billion from retailers in major cities. This figure…
Embracing innovation in stock market oversight, the Securities and Exchange Commission of Pakistan (SECP) has unveiled a homegrown application designed for in-depth stock market surveillance and data analysis. This groundbreaking development comes as the SECP takes a proactive stance on market monitoring, leveraging modern tools and systems for efficient analysis. The SECP’s market surveillance team…
Engro Fertilizers, Pakistan’s premier seed-to-harvest solutions provider, achieved record urea production of 2.3 million tons in 2023 to support the Government’s efforts of ensuring affordable and abundant supplies for the farmers. The Company was able to achieve this feat and continued to play a pivotal role towards enabling the food security of Pakistan, amidst the…
Al-Shifa Trust will build a primary eye hospital in Haveli Lakha, Okara, with the intention of providing high-quality eye care services to the residents and people from the surrounding areas. In addition to the residents of Haveli Lakha and Depalpur, the facility will also serve the residents of Pakpatan, Sahiwal, and Bahawalnagar, which are neighbouring districts….
Effective protection of intellectual property rights [IPR] is essential for attracting and retaining FDI [Foreign Direct Investment]. According to the OICCI IPR Survey 2023, infringements resulted in a loss of up to Rs800 billion to the national exchequer last year alone. Companies too reported a total loss of 20% of their turnover due to these…
foodpanda, Pakistan’s leading delivery platform, has announced another round of donations to support relief efforts in Gaza during today’s Pakistan Super League (PSL) final between Islamabad United and Multan Sultans. As part of its ongoing collaboration with the World Food Program (WFP) to raise funds for Gaza, foodpanda will donate PKR 10,000 for every run…
Elevate, a fintech, based in London and Dubai, has secured financing of $5 million to expand further into South Asia. They’ve raised a total of $10 million in equity and debt from investors including Y Combinator, Goodwater, Global Founders Capital and VSQ and Since launching earlier this year, over 50,000 Freelancers and remote workers from…
FrieslandCampina Engro Pakistan announces the promotion of Ali Ahmed Khan to the position of President of the Middle East, Pakistan, and Africa (MEPA) region at FrieslandCampina. Ali’s exceptional leadership and visionary approach have been pivotal in his transformative tenure as Managing Director of FrieslandCampina Engro Pakistan (FCEPL). Under his guidance, FCEPL has experienced significant growth…
In a rare move, the Lahore-based business fraternity will assemble at an event on the eve of International Day of Education to extend support to the noble drive of enrolling out-of-school children in Sindh. The non-profit Green Crescent Trust (GCT) is hosting the event at a hotel in Lahore to mark the International Day of…
The remittance inflow into Pakistan has witnessed a notable surge, marking a substantial 26% increase, as it reached an impressive $2.4 billion during the first month of 2024. This surge in remittances highlights the resilience and strength of the remittance sector, playing a pivotal role in the country’s economic landscape. Key Insights into the Surge…
