Business
Pakistan’s Matco Foods Limited Transfers Spice & Masala Segment to Subsidiary Falak Foods (Private) Limited in Strategic Restructure
Listed exporter Matco Foods Limited (PSX: MATCO), one of Pakistan’s leading processors and exporters of basmati rice and value-added food products, has officially transferred its spice and masala packaging operations to its wholly-owned subsidiary Falak Foods (Private) Limited. The company…
Trending
Trending Topics
Khyber Pakhtunkhwa Govt Ready to Acquire PIA with Bid Exceeding Rs10bn
3 min read
The Khyber Pakhtunkhwa (KP) government has officially informed the federal government of its intention to place a bid for Pakistan International Airlines (PIA) that exceeds…
PTA Cautions Public on Illegal and Unlicensed Forex Trading Platforms
2 min read
The Pakistan Telecommunication Authority (PTA) has issued a stern advisory, warning citizens against investing in unauthorized foreign Forex trading platforms. Highlighting platforms such as Exness,…
Record Emigration: Economic Instability Forces Pakistan’s Best and Brightest to Depart
5 min read
Economic challenges are prompting skilled workers to leave Pakistan, resulting in a significant talent drain from banks, hospitals, and multinational companies. Asad Ejaz Butt, a…
FBR Confirms No Further Extensions for Income Tax Return Deadline
2 min read
The Federal Board of Revenue has decided that there will be no more extensions to the deadline for filing income tax returns. The FBR has…
UBL Proposes Merger with Silkbank
2 min read
United Bank Limited (PSX: UBL) has offered to merge Silkbank Limited (PSX: SILK) under Section 48 of the Banking Companies Ordinance, 1962 (Amalgamation). This proposal…
Over 200 FIRs Filed Against Real Estate Firm Bidding on PIA
2 min read
Blue World City is the only company to meet the criteria for bidding on a stake in Pakistan International Airlines (PIA), the nation’s flagship carrier.…
Reddit Achieves First Profit in Two Decades with $29.9M Q3 Earnings
2 min read
After nearly 20 years in business, Reddit has reached a significant milestone by turning its first-ever profit. The social media platform reported a revenue of…
Pakistan Exports First Tractors Consignment to Tanzania
2 min read
LAHORE: The first shipment of tractors made in Pakistan to Tanzania has opened a new chapter in trade between Pakistan and East Africa. Along with…
NBP Reports 91% Profit Drop in First 9 Months of 2024
2 min read
National Bank Pakistan (NBP) reported a profit of Rs. 2.96 billion (EPS: Rs. 1.39) for the third quarter of 2024. This marks a significant 76%…
FBR Implements Up to 75% Hike in Property Rates Across 56 Pakistani Cities
2 min read
The Federal Board of Revenue (FBR) has raised real estate prices across major cities nationwide, with the updated national rates set to take effect on…
FBR Revenue Falls Short by Rs. 90 Billion in October
2 min read
The Federal Board of Revenue (FBR) is expected to face a revenue shortfall of Rs. 90 billion in October 2024 According to FBR sources, the…
KP Government Introduces Life Insurance Program for Residents
2 min read
PESHAWAR: Barrister Saif, the information adviser for the Khyber Pakhtunkhwa (KP) government, recently announced a new life insurance system designed to help residents plan for…
Government Moves to Close Tax Loophole for Banks
4 min read
ISLAMABAD: On Thursday, the government announced efforts to close a legal loophole that allows commercial banks to evade an estimated Rs200 billion in income taxes…
Latest News
