Staff Report Islamabad: The management of Systems Limited (SYS) has seen the recent US tariffs as an opportunity since the tariffs have not been imposed on services industry. Systems Limited (SYS) held its corporate briefing today to discuss 2024 financial result and future outlook. Management sees the recent US tariffs as an opportunity since the…
Staff Report Islamabad: Sui Northern Gas Pipeline Limited (SNGP) anticipates suspending up to 354 MMCFD of natural gas purchases from local E&P companies due to the excess RLNG supply and reduced demand from captive users. Topline Research said that the government may also enter negotiations with Qatar to reduce either the number or price of…
Staff Report Islamabad: The Engineering Development Board, under the Ministry of Industries and Production, has released a budget proposal outlining new tariff structures for the Mobile Device Manufacturing and Export Policy (MDMEP) 2025-28. The proposal aims to revise the existing tariff structure for both Completely Built Units (CBU) and Semi Knocked Down (SKD)/Completely Knocked Down…
Staff Report Islamabad: The government is likely to reduce the taxes on milk in the upcoming budget 2025-26. The Food ministry has assured the delegation of Dairy Association that the Ministry is actively working towards reducing taxes on milk and assured that good news in this regard will be shared soon. Federal Minister for National…
Staff Report Pakistan car sales, as reported by PAMA, reached 11,098 units in March 2025, marking an 18% year-on-year increase, though down 8% compared to February. The month-on-month decline was largely attributed to the high base in February 2025, a period when sales typically spike at the start of the year. March figures were also…
Staff Report Oil Companies Advisory Council (OCAC) has asked the government to increase margins of oil marketing companies (OMCs) following losses due to sales tax exemptions. “We are writing to seek your immediate support for the long-overdue revision of OMC Margin and recovery of sales tax-related costs, which is critical for ensuring the sustainability and…
Staff Report Minister for Petroleum, Mr. Ali Pervaiz Malik, held a productive meeting with Ms. Joe Moir, Development Director of the British High Commission in Islamabad, to discuss bilateral energy collaboration and cooperation opportunities in Pakistan’s petroleum sector. The meeting, held at the Ministry of Petroleum, focused on enhancing UK-Pakistan partnerships in oil, gas, and…
Staff Report Islamabad: Central Power Purchasing Agency-Guaranteed (CPPA-G) and 9 bagasse-fired IPPs have sought tariff revision in power purchase agreements. They have filed joint tariff review petitions in accordance with the revised agreements signed after tough negotiations with the Task Force on Power and subsequent approval of Federal Cabinet.Electricity Rates Cut in April 2025 NEPRA…
Staff Report Topline Banking Universe is likely to post a 12% QoQ decline in Pakistan Banks’ earnings in 1Q2025, amid a fall in Net Interest Income (NII) and Non-Interest Income. NII of the banks in the Universe is expected to decrease by 11% QoQ to Rs279bn due to (1) a decline in the average policy…
Staff Report Ambassador of Japan, Akamatsu Shuitsi, visited the Ministry of Information Technology and Telecommunication and held an important meeting with Federal Minister for IT, Ms. Shaza Fatima Khawaja. During the meeting, both sides discussed strengthening bilateral cooperation in the fields of information technology, digital transformation, and innovation. The Federal Minister highlighted the government’s commitment…