A man counts Pakistani rupee notes at a currency exchange shop in Peshawar, Pakistan on September 12, 2023. — ReutersBottom 50% in Pakistan receive just 19% of total income.Richest 10% hold 59% of Pakistan’s total wealth: report.Top 1% control 24% of total wealth in Pakistan:…
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Pakistan awards 23 offshore oil exploration blocks after 18-year gap
A general view of the Equinor’s Johan Sverdrup oilfield platforms in the North Sea, Norway. — Reuters/FileFirst offshore bidding round by Pakistan since 2007.Four local-led consortia win exploration rights.Turkish national oil company TPAO among foreign partners.
Pakistan…
FBR misses November revenue target with Rs143bn tax shortfall
A representational image showing the FBR logo. — FBR website/FileFBR high-ups hopeful of crossing Rs900bn mark for Nov.Tax authority’s Nov net collection hovers at Rs0.892tr.Achieving annual target of Rs14,130bn seems impossible.
ISLAMABAD: The Federal Bureau of Revenue is…
K-Electric CEO Moonis Alvi ‘steps down’ after harassment allegations
K-Electric Chief Executive Officer Moonis Abdullah Alvi speaking at an event. — X/@alvimoonis Sources confirm Moonis Alvi resigns as K-Electric CEO.Insiders cite months of stress after harassment allegations.Governor Tessori overturned removal order earlier this week.<p…
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