FrieslandCampina Engro Pakistan registered a loss in the half year ended June 30, 2019 due to a notable surge in cost of sales and finance cost amid hike in key interest rate, rupee depreciation and higher inflation. The dairy foods marketing firm booked a loss of Rs238.79 million in Jan-Jun 2019 compared to profit of […]

The country’s first-ever local iron-ore steel mill to be established in Chiniot tops the list of four potential projects selected by the government from across the country for investment by Saudi Arabia, it emerged on Sunday. It may be recalled that Pakistan has signed a Memorandum of Understan­ding (MoU) for economic cooperation in mineral resources. […]

The Federal Board of Revenue (FBR) on Thursday unveiled drafts of simplified income tax schemes to address traders and small shopkeepers’ concerns that had compelled them to remain outside the tax net. The FBR notified three schemes including simplified tax regime for traders, fixed tax regime for small shopkeepers and issuance of business licences to […]