Business
CCP Issues Notices to Punjab Sugar Mills Over Price Fixing
The Competition Commission of Pakistan (CCP) has taken decisive action against the “Sugar Cartel”. Today, November 29, 2025, the regulatory body issued show-cause notices to 10 sugar mills in Punjab. These notices address allegations of collusion regarding the start of…
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Pakistanis Brace for Another Hike in Electricity Bills
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Electricity consumers across Pakistan should prepare for another increase in their October bills, as the National Electric Power Regulatory Authority (NEPRA) confirmed a fresh hike…
Artistic Denim Mills Posts Rs451 Million Loss in FY25
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Artistic Denim Mills Limited (ADM) has posted a net loss of Rs451 million for the year ended June 30, 2025, compared to a profit of…
Gul Ahmed Textile Mills Announces Closure of Export Apparel Segment
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Gul Ahmed Textile Mills Limited has officially announced the closure of its Export Apparel Segment following a strategic review of its performance. The decision, communicated…
FBR: No Extension for Income Tax Return Deadline 2025
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The Federal Board of Revenue (FBR) has firmly denied reports about extending the last date for filing income tax returns for the tax year 2025,…
SBP Directs Banks to Begin Phase II of Basel III Reforms
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The State Bank of Pakistan (SBP) has instructed commercial banks to initiate Phase II of Basel III reforms, aimed at addressing weaknesses in the pre-crisis…
SBP Clarifies 2 Hours Cooling Period in Digital Funds Transfer
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The State Bank of Pakistan (SBP) has clarified that the 2 hours cooling period does not affect digital funds transfer, which remains instant. According to…
Petrol Prices Likely to Increase Again
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Petrol prices in Pakistan are likely to go up once again from October 1, as reports suggest a fresh hike in the rates of petroleum…
FBR Flags 14,000 Jewelers for Not Filing Tax Returns
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The Federal Board of Revenue (FBR) has flagged more than 14,000 jewelers for failing to file income tax returns, while thousands of others either declared…
Port Qasim Gains 9th Spot in World Bank Rankings
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Port Qasim has secured the 9th spot in the World Bank rankings of most improved container ports, marking a significant milestone for Pakistan’s maritime reforms…
FBR Removes Property Value Column from Tax Return Forms
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The federal government has withdrawn the controversial “Estimated Fair Market Value” column from this year’s income tax return forms, after recommendations from a high-level committee…
Gilgit-Baltistan Gets $300M CPEC Projects Under Phase II
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Pakistan and China have officially opened a new chapter of cooperation under CPEC Phase II, with special focus on high-quality, inclusive projects and the development…
Pakistan, China Launch New Mega Projects Under CPEC Phase II
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Pakistan and China have officially opened a new chapter of the China Pakistan Economic Corridor (CPEC) as Federal Minister for Planning Ahsan Iqbal inaugurated the…
Pakistan, China Set Export Focus in CPEC Phase II
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Pakistan and China have reaffirmed their strong economic partnership at the 14th Joint Cooperation Committee (JCC) meeting of the China–Pakistan Economic Corridor (CPEC) in Beijing,…
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