Islamabad, The 10th Avenue infrastructure project in Islamabad is facing significant delays and cost overruns, prompting the National Logistic Cell (NLC), the agency overseeing the project, to seek a price adjustment from the Capital Development Author…

Islamabad, The Asian Development Bank (ADB) and the Federal Board of Revenue (FBR) have launched a new phase in their collaboration with a focus on digitalizing Pakistan’s tax administration. This initiative is part of a broader effort to enhance tax c…

Islamabad, The Federal Board of Revenue (FBR) has announced that it will block the SIM cards of 506,671 tax non-filers by May 15, intensifying efforts to enforce tax compliance. This move comes despite previous reluctance from the Pakistan Telecommunic…

Karachi, The Sindh government is in the final stages of completing the Red Line Bus Rapid Transit (BRT) system, aiming to introduce a more sustainable public transport option that utilizes biogas. This project, noted for being a first of its kind in Pa…

Karachi, K-Electric (KE), the primary electricity supplier in Karachi, has announced an ambitious initiative to incorporate 640 MW of renewable energy into its service area by 2030, aiming for a 30% renewable share in its energy mix. This announcement …

Karachi, As matriculation exams commence in Karachi, the ongoing extensive load shedding has become a significant hurdle for approximately 365,000 students enrolled in the 9th and 10th grade exams, exacerbating the already challenging conditions due to…

Karachi, The Pakistani currency market saw slight fluctuations in exchange rates for major currencies between May 4 and May 6, 2024, as per the latest data released by the Exchange Companies Association of Pakistan. The adjustments in rates come as fin…

Karachi, Pakistan’s banking sector has seen a decrease in core income during the first quarter of 2024, marking the end of a 12-quarter growth streak. The drop in Net Interest Income (NII) is attributed to reduced asset yields while funding costs have …

Karachi, In a significant corporate restructuring move, Dawood Hercules Corporation and Engro Corporation have decided to realign their shareholding structure to enhance investment capabilities. The restructuring, which is still pending final approval …