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
FBR Faces Revenue Shortfall of Rs. 90 Billion in October 2024
The Federal Board of Revenue (FBR) is expected to face a shortfall of Rs. 90 billion in October 2024, sources told ProPakistani. FBR sources said this month’s target is Rs. 980 billion which currently remains out of sight for the regulator. FBR already
