FLASHNEWS:

Day: January 30, 2025

New Tax Filing Rules Pose Challenges for Small Businesses: Bilwani

KARACHI: The recent changes by the Federal Board of Revenue (FBR) have made it nearly impossible for small businesses to file timely sales tax returns, according to Muhammad Jawed Bilwani, President of the Karachi Chamber of Commerce and Industry (KCC…

Interloop Limited Earnings Outlook Amid Expansion Challenges

Karachi: Interloop Limited (ILP) anticipates a modest improvement in earnings for the second quarter of the fiscal year 2025, with an expected earnings per share (EPS) of Rs0.68. This reflects a quarter-over-quarter improvement, though year-over-year …

Chinese Envoy Advocates for Boosted Trade Ties with Pakistan

KARACHI: H.E Yang Yundong, Consul General of the People’s Republic of China, underscored the robust diplomatic and economic ties between China and Pakistan while calling for an increase in bilateral trade. “The friendship between China and Pakistan is…

K-Electric’s Short Term Sukuk Maturity Confirmed

Karachi: VIS Credit Rating Company Limited (VIS) has confirmed the maturity of K-Electric Limited’s (KE) Short Term Sukuk (STS-26), valued at PKR 5 billion. The issuance of the sukuk took place on June 5, 2024, and it reached maturity on December 5, 2…

Nestlé Pakistan Triumphs at OICCI Climate Excellence Awards

KARACHI: Nestlé Pakistan was honored with the top Climate Champion Award at the inaugural OICCI Climate Excellence Awards, spotlighting its initiatives in climate action, sustainability, renewable energy, and regenerative agriculture. The awards were …