Pakistan’s Oil Sales Rose by 18% YoY in FY2021
Pakistan’s oil sales increased by 18 percent year over year in FY2021 and registered at 19.4 million tons, according to a research report by the brokerage house Topline Securities.This shows a sharp recovery from last year when the oil sales had dipped…
Consumer Inflation Falls to 9.7% YoY in June 2021
Pakistan’s consumer’s inflation clocked in at 9.7 percent on a year-on-year (YoY) basis in June 2021 as compared to an increase of 10.9 percent in the previous month and 8.6 percent in June 2020, as revealed by the Pakistan Bureau of Statistics (PBS).A…
Finnish Fund for Industrial Cooperation Ltd Shows Interest in Equity Investment in TPL Insurance
TPL Insurance Limited (a subsidiary of TPL Corp Limited) announced that the Finnish Fund for Industrial Cooperation Ltd, a Private Limited Company incorporated in Finland, (“Finnfund”), has entered into a Letter of Intent, with TPL Insurance.Upon compl…
[Exclusive] Pakistanis Can Now Invest in Stocks Using Just A Phone: Chairman KASB
Despite the incumbent government’s insistence to create an impression that the stock market performance is indicative of the overall economic movement in Pakistan, the masses remain unmoved.According to rough industry estimates, there are less than 250…
FBR Enables Telcos to Adjust Withholding Tax Deductions on Import of Equipment
The Federal Board of Revenue (FBR) has announced that the declaration of the telecommunication sector as an industrial undertaking will enable telecom companies to adjust withholding tax deducted on import of capital equipment and plant &am…
SECP Lifts ZTBL’s Penalty With a Warning
The Securities and Exchange Commission of Pakistan (SECP) has exonerated the Zarai Taraqiati Bank Limited (ZTBL) from an applicable penalty with a warning to be careful in filing returns in the future.Document available with Propakistani stated that th…