Federal Cabinet Approves Substantial Salary Hike for Ministers
The salaries and allowances of federal cabinet members have been significantly increased, with federal ministers, ministers of state, and advisers receiving raises of up to 188 percent. Sources confirmed on Thursday that the federal ministers approved a salary hike for themselves and ministers
Prime Minister’s Zero Tolerance Policy Against Profiteers to Ensure Maximum Public Relief During Ramazan
Prime Minister Shehbaz Sharif on Tuesday directed the Islamabad administration to ensure zero tolerance against profiteers as the federal government was committed to maximum relief to the people during holy Ramazan. The prime minister, chairing a meeting to review the performance of the
Leading Real Estate group HR Properties join hands with Etihad Town
In a major move to reshape the real estate landscape, HR Properties, the trusted partner of Etihad Town, is now expanding its operations to Sialkot. Renowned for delivering secure, innovative, and profitable investment solutions in Lahore, HR Properties is bringing its expertise to
Engro Corp’s Profit Declines by 48% in 9 Months of 2024
Engro Corporation Limited (PSX: ENGRO) announced its 9MCY24 financial result with a consolidated profit after tax of Rs. 11.983 billion (EPS: Rs. 22.33), depicting a decline of 48 percent YoY. On a quarterly basis, the consolidated earnings clocked in at Rs. 5.722 billion
VISA to Launch New Card in Pakistan to Boost Domestic Transactions
On the final day of his visit to Washington DC to participate in the Annual Meetings of the World Bank Group and IMF, Federal Minister for Finance and Revenue, Muhammad Aurangzeb, met with Andrew Torre, Regional President for VISA. He appreciated Visa’s commitment
Pakistan to Get $1.6 Billion From China for Karakoram Highway Project
Pakistan is close to finalizing a $1.6 billion financing agreement with China for upgrading the Thakot-Raikot section of the Karakoram Highway, sources familiar with the negotiations informed ProPakistani. The Finance Ministry, Planning Commission, and Economic Affairs Division are engaged in discussions with Chinese
NHA’s Annual Revenue Goes up to Rs. 110 Billion
The annual revenue of the National Highway Authority (NHA) has increased to Rs. 110 billion while revenue collection at toll plazas has also reached Rs. 64 billion. Federal Minister for Communications Abdul Aleem Khan highlighted this while presiding over a high-level meeting on
Pakistan Railways Seeks 130% Increase in Budget for Importing Over 1,000 Bogies
Pakistan Railways (PR) has requested a 130 percent increase in its budget from Rs. 31 billion to Rs. 71 billion for procuring 1,050 bogies. This request has faced strong objections from the Ministries of Finance and Planning when presented to the Central Development
Pakistan Likely to Secure $1.2 Billion Saudi Oil Facility in December
A high-level Saudi delegation will likely visit Pakistan by December 2024 to finalize the terms of a $1.2 billion oil facility. Saudi Arabia recently confirmed its willingness to support this new facility to help Pakistan secure International Monetary Fund (IMF) approval for a
PPL Profit Down 20% to Rs. 23.6 Billion in Q1 FY25
Pakistan Petroleum Limited (PPL) announced its 1QFY25 result today, where the company recorded earnings of Rs. 23.6 billion (EPS of Rs. 8.67), down 20 percent YoY while up 32 percent QoQ. Along with the results, the company also announced a cash dividend of
