Recent Posts

Mari Petroleum Reports Record Earnings; Meezan Bank Sees Significant Profit Surge

Mari Petroleum Company Ltd (MPCL) has achieved a record-breaking financial performance for the fiscal year 2024 (FY24), reporting the highest-ever earnings of Rs77 billion. This represents a notable increase of 38% from the Rs56 billion earned in FY23. The company also declared a substantial final cash dividend, alongside an interim dividend of Rs232 per share for FY24, marking a payout …

Read More »

Nepra Imposes Additional Electricity Rate Hike Amid Criticism

In response to criticism over payments to Independent Power Producers (IPPs) and ongoing protests by Jamaat-e-Islami, the National Electric Power Regulatory Authority (Nepra) has announced a substantial increase in electricity rates. Effective from August, consumers will see an additional charge of Rs2.5627 per unit on their electricity bills. This rate adjustment, which affects all consumer categories except electric vehicle charging …

Read More »

Tractor Industry Faces Shutdown Amid GST Refund Crisis

The Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) has raised alarms about a potential complete shutdown of the tractor industry, attributing the crisis to prolonged delays in releasing General Sales Tax (GST) refunds by the Federal Board of Revenue (FBR) and the recent implementation of a new GST regime under Statutory Regulatory Order (SRO) 563. Paapam has expressed …

Read More »