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Pakistani economy is showing signs of recovery says Government

Pakistani economy

Government of Pakistan says economy is showing signs of recovery. The Federal Board of Revenue also achieved the revised target of eight months. The Federal Ministry of Finance has expressed hope that economic activity will pick up in the second half of the current financial year and inflation will come down. However, there is uncertainty

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Utility Stores Audit report reveals irregularities of Rs 14 billion

utility stores corruption

Audit report of Utility stores reveals irregularities of billions of rupees in flour and sugar. The audit report released by the Auditor General’s team of the Utility Stores Corporation for the year 2019-20 identified irregularities of more than Rs 14 billion in flour and sugar. An audit report of utility stores has revealed irregularities worth

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Industrial sector to be effected by high prices of electricity, gas and petroleum

Industrial sector

Prices of electricity, gas and petroleum products will affect the industrial sector, Emad Reza said. Lahore Syed Emad Raza, Chairman, Ferozepur Road Association of Manufacturers and Exporters (MEFRA) has offered Rs 1.95 per unit for electricity, Rs 250 per unit for gas and Rs 250 per unit for petroleum products. Expressing concern over the hike,

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Lucky Cement earns 12.4 billion profit, announces to increase its production capacity

Lucky Cement

Lucky Cement announces 3.15 million tonne capacity increase. The company posted a profit of Rupees 12.44 billion for the half year ended December 31, 2020 In view of the growing demand for cement in the country, Lucky Cement has announced to increase the production capacity of cement in its piezo plant by 3.15 million tons

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