By Aftab Ahmed | October 16, 2025

The trading day began on a strong footing, with the KSE-100 Index extending its upward momentum and surging by as much as 1,178 points in early trade. However, the bullish sentiment proved fleeting as profit-taking led by local institutions triggered a sharp reversal. The bears swiftly regained control, dragging the benchmark down by 1,424 points…

By Aftab Ahmed | October 15, 2025

The government risks incurring liabilities over US$131 million over three years if the Roosevelt Hotel in New York is not reopened. The Ministry of Defense (MoD) in a recent meeting of economic coordination committee (ECC) informed that the PIAIL team had negotiated with High Gate for reopening of the Roosevelt Hotel while keeping the Privatisation…

By Aftab Ahmed | October 15, 2025

Islamabad: Pakistan International Airline Investment Limited (PIAIL) board has failed to utilize 20 million Euro available at Scribe Hotel due to tax implications. In a recent meeting, economic coordination committee (ECC) was informed that that the PIAIL Board had regretted its inability to use funds available at Scribe Hotel to the tune of Euro 20…

By NewzTodays Editorial Team | October 15, 2025

Islamabad: The Federal Board of Revenue (FBR) has granted extension in submission of tax return for the tax year 2025. It has extended another 16 days to file income tax return till October 31. Read More: Credit Card Data Mandatory in Tax Returns Earlier, the FBR had extended the deadline for filing tax return for…

By NewzTodays Editorial Team | October 15, 2025

Islamabad: A high level delegation of Samson Group says that Pakistan unlock new avenues of job creations, export growth and local enterprise participation by aligning its industrial policy with sustainable tourism and regional development. A delegation of the International Advisory Board of the Samson Group of Companies called on Special Assistant to the Prime Minister…

By Salman Khan | October 15, 2025

The Federal Board of Revenue (FBR) is preparing to begin a large-scale crackdown on non-filers as the deadline for filing 2025 tax returns ends on Wednesday. Officials have confirmed that no further extensions will be granted, urging taxpayers to complete their filings before midnight to avoid penalties and enforcement actions. The campaign will commence tomorrow,…

By NewzTodays Editorial Team | October 15, 2025

ISLAMABAD: The Competition Commission of Pakistan (CCP) has launched a nationwide probe against companies involved in making, marketing, and selling mercury-laden skin whitening creams. The move aims to protect consumers from serious health risks and to ensure fair competition in the cosmetics market. The CCP’s Office of Fair Trade and Market Intelligence Unit found that…

By Aftab Ahmed | October 15, 2025

ISLAMABAD — Pakistan and Egypt have agreed to deepen cooperation in the maritime and industrial sectors, aiming to expand joint ventures and boost their blue economies.Pakistan to Host First Maritime Investment Forum 2025 The understanding was reached during a meeting between Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry and Egypt’s Ambassador to Pakistan,…

By NewzTodays Editorial Team | October 15, 2025

United Bank Limited (UBL) reported a 36% year-on-year surge in third-quarter profit, driven by robust net interest income and improved cost efficiencies despite weaker non-interest earnings United Bank Limited (UBL) announced 3QCY25 results today wherein the bank posted unconsolidated net earnings of Rs34.7bn (EPS Rs13.9) compared to profit of Rs10.2 per share during 3QCY24 (up…

By NewzTodays Editorial Team | October 15, 2025

Engro Fertilizer Limited (EFERT) reported a 32% year-on-year decline in third-quarter earnings, as weaker DAP sales and higher operating expenses weighed on results. Engro Fertilizer Limited (EFERT) has announced its 3QCY25 result wherein the company posted consolidated net earnings of Rs5.8bn (EPS Rs4.4) as compared to net earnings of Rs8.5bn (EPS Rs6.4) during same period…