Our Blogs

Pakistan Oil & Gas sector – a financial review

After the worst quarter (4QFY20) since the oil price collapse of 2014-16, E&Ps’ profitability is expected to improve meaningfully in 1QFY21, thanks to normalized production levels and recovery in international oil prices. However, profits will remain below last year’s level.

Lifting of lockdown in Pakistan enabled major oil fields to increase output by up to 50% qoq.

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Traders reject propaganda against Army

Former President ICCI Shahid Rasheed Butt on Sunday said opposition parties have a right to hold protests and rallies to criticise the government policies but the Army should not be accused for political mileage. Opposition should understand that people love guardians of the ideological and geographical borders and they will never tolerate dragging Army in politics, he said.

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Arts Council of Pakistan celebrates the 8th founding day of Bazm-e-Isataza, Urdu Sindh

The impression that Asif Farrukhi has left on the world of poetry and society is unparalleled. He was a great novelist as well as a great critic. He was instrumental in encouraging young writers, said Arts Council President Muhammad Ahmad Shah while addressing the eighth founding day of “Bazm Isataza, Urdu Sindh” organized by Karachi Arts Council.

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Faster Plus is the world’s best system for ST refunds, Dr Ashfaq

Member (IR Operations) Federal Board of Revenue (FBR) Dr. Muhammad Ashfaq Ahmed has said that the automated FASTER plus system for Sales Tax Refund claims, which has become operational since October 1, 2020, was one of the best methods of the world in which the refund claims are processed within 42 to 72 hours without any human intervention as soon as the claimant completes the eight steps required by the system for processing refund claims.

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TikTok blocked in Pakistan

TikTok’s mission is to inspire creativity and joy, and that’s just what we’ve done in Pakistan. We’ve built a community whose creativity and passion has brought joy to households across Pakistan and opened vital economic opportunities to incredibly talented creators. This is why we’re disappointed that our users and creators in Pakistan are still unable to access TikTok, more than one week after our services were blocked by the Pakistan Telecommunication Authority (PTA).

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Pakistani and Turkish Businessmen to explore new avenues of bilateral trade and investment.

The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) and Foreign Economic Relations Board of Turkey (DEİK) organized a joint meeting of Pakistan Turkey Joint Business Council at Federation House, Karachi and DEIK Head Office, Istanbul, Turkey. The objective of the meeting was Interconnected Business Series: Turkey Pakistan, which was followed by B2B meetings of food, beverages, construction & their technologies and machinery.

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Governor SBP launches of Digitization of FX Regulatory Approvals

Dr. Reza Baqir launched the SBP FX Regulatory Approval System (RAS) for end-to-end digitalization of Foreign Exchange (FX) related case submission process today in a ceremony held in Karachi. At the invitation of Governor Baqir, Dr. Ishrat Husain, Advisor to the Prime Minister on Institutional Reforms and Austerity and the Governor State Bank of Pakistan (SBP) gave the keynote speech at the event.

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