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The Biz Update

ARL

ATRL’s Refinery Overhaul to Save PKR 15 Billion Annually as Upgrades Begin

KARACHI, November 09 2024: Attock Refinery Limited (ATRL) conducted a corporate briefing session on November 8th, 2024, to discuss the company’s FY24 financial results and its outlook for the future. Below are the key highlights from the session: These developments reflect ATRL’s ongoing efforts to enhance its operational efficiency, resolve industry challenges, and capitalize on…

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Debt

Pakistan Requests China to Reschedule $3.4 Billion Debt Amid IMF Program

ISLAMABAD, November 09 2024: Pakistan has formally requested China to reschedule an additional $3.4 billion worth of official and guaranteed debt for two years. This debt, which is due for repayment during the International Monetary Fund (IMF) program period, is pivotal to Pakistan’s ongoing financial stabilization efforts. Government sources, speaking to The Express Tribune, emphasized…

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KCCI

KCCI Chief Strongly Opposes Affidavit Requirement for Sales Tax Returns

KARACHI, November 09 2024: President Karachi Chamber of Commerce and Industry (KCCI) Muhammad Jawed Bilwani, while vehemently condemning the reinstatement of the requirement to file an affidavit with sales tax returns, demanded that the authorities must suspend the affidavit requirement immediately until comprehensive consultations are conducted and effective alternative measures are established. President KCCI stated…

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ABAD

Sindh Home Minister Vows to Eliminate Land Mafia and Kidnappers, Ensures Support for ABAD

KARACHI, November 8, 2024: Provincial Minister for Home and Parliamentary Affairs Sindh Ziaul Hassan Lanjhar assured the office bearers of the Association of Builders and Developers (ABAD) of the complete elimination of land mafias and short-term kidnappers from the province. He emphasized that the construction sector is the backbone of the national economy, and praised…

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