General Economic Updates

Fatman17 said:
The stock market’s rise is fueled mostly by banks parking assets in domestic mutual funds https://profit.pakistantoday.com.pk...anks-parking-assets-in-domestic-mutual-funds/
Click to expand...

I made this post on December 19th, 2024, which alluded to this activity by banks.

PakFactor

Post in thread 'PSX record rally: more Pakistani companies join billion-dollar club'

Mrc said:
Well
You have made. Some compelling arguments

I m not an economist and don't invest in stocks
But few observations

Aren't nearly all above arguments true for most of the world?

How.come health of your 500 biggest companies as you stated irrelevant to economy?

Even. If 3% pakistanis invest in stock, given the Asian Muslim family structure of Pakistan it probably reflectsl 15% of your population (only family head and grown males will be investing, they have their whole families behind them unlike western world)

This 15% populous is providing jobs to nearly half of your eligible...
Click to expand...
  • Like

I thank my father for sending me to a top business school in the States and for my experience, but certain people on this forum continue to be fools intentionally or just born that way.
 
IMG-20250131-WA0024.jpg
EDITORIAL: At some point, those currently responsible for this nation of 240m souls will be confronted with the question: what have their policies achieved?

What objective good has been accomplished by upending the foundations of the Pakistani state and enforcing a new contract on its unwilling citizenry that could not have been achieved if the democratic political process had taken its course?

Much ink has been spilt on the economic contagion resulting from the political upheaval that has destabilised this country for the last three years. And, in the elite’s quest to regain control, citizens have paid many additional costs that have yet to be properly accounted for. But things, instead of getting better, seem to be progressively worsening.

Read full editorial: https://www.dawn.com/news/1888780
 

Bettani-2 appraisal well: OGDCL begins oil & gas production​

BR Web Desk Published January 31, 2025 Updated about 2 hours ago

Facebook

Twitter

Whatsapp

Comments
311140142b12631.jpg


1
Follow us
Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company, has commenced oil and gas production from the Bettani-2 appraisal well in the Lakki Marwat district of Khyber Pakhtunkhwa.

The listed company disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Friday.

“Regarding the gas condensate discovery in Samanasuk formation at the Bettani-02 well, OGDCL, as the operator of the Wali Exploration License with a 100% working interest, has successfully commenced production from the Bettani-2 appraisal well in Lakki Marwat district, Khyber Pakhtunkhwa.


“Following the completion and stimulation in Kawagarh formation, the well is currently producing 8.5 million standard cubic feet per day (mmscfd) of gas and 610 barrels per day (bpd) of oil,” read the notice.

OGDCL begins oil & gas production from Hyderabad

OGDCL shared that the produced gas is being processed at its Bettani processing plant and injected into the SNGPL network for distribution.

“This achievement reflects OGDCL’s commitment to advanced exploration and production, reinforcing its leadership in the energy sector. The company remains dedicated to sustainable development and operational excellence, contributing to Pakistan’s energy security and economic growth,” added the company.

Last week, OGDCL announced production enhancement at its Kunnar Oil Field in the Hyderabad district of Sindh.

As Pakistan’s largest E&P company, OGDCL oversees operations spanning exploration, drilling, production, reservoir management, and engineering support.

The E&P has the most extensive exploration acreage in Pakistan, covering over 40% of the country’s total acreage awarded with net hydrocarbons of oil and gas.

 
Very Slow pace of digitalisation of financial transactions, be it shopping / buying gold / property / eating in a good restaurant, across the country, specially in cities with 0.1 million to 1 million population, is putting the never ending burden on large cities to meet tax targets and further squeeze the income of educated salaried class people, who are more likely to help in economic revival of the country, then people belonging from smaller cities.

Agricultural income tax has not yet fully implemented across the country, which has an enormous potential of collecting atleast Rs 1 trillion annually, and this could help FBR alot, but this figure will be hard to achieve since the majority of the lawmakers of the country wouldn't want to fairly taxed themselves, Conflict of Interest. This tax should be taken over by the federal government because provincial governments don't have the expertise to collect such taxes and also because they don't want to.....

www.thenews.com.pk

Water shortage halts industrial production in Karachi’s SITE area

KARACHI: Industrial production in the SITE area has come to a standstill due to a four-day suspension of water supply, SITE Association of Industry President Ahmed Azeem Alvi said on Thursday.In a...
www.thenews.com.pk www.thenews.com.pk

Every now and then, water to Karachi is disrupted on one pretext or another, hurting the industries and the economy as a whole because the elected cum nominated provincial government is themselves part of the water tanker Mafia, choking the city which generates the most in taxes for the country.

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.


Organized corruption in the provincial government specially the building control authority is robbing the national exchequer of pakistan of billions in taxes annually, since almost everything is done on paper.
 
67a29e17d5dd1.jpg
Nuclear power has no cash to buy oil. Living on begging bowl 🥣 syndrome
 
profit.pakistantoday.com.pk

Rs5.5trn trade discrepancy with China uncovered, linked to under-invoicing, digital loopholes: report

Lack of port digitization enables tax evasion, misdeclaration of high value cargos
profit.pakistantoday.com.pk profit.pakistantoday.com.pk

The report, citing findings from the Task Force on Revamping of the Maritime Sector, noted that Pakistan’s port operations remain digitally disconnected from international systems and this gap has enabled large-scale misdeclarations of goods, underreported values, and tax evasion, particularly on high-tariff imports.

Ad powered by advergic.com

The Task Force found that out of 32 essential port processes, only four at Karachi Port Trust (KPT) and six at Port Qasim Authority (PQA) are digitized. Critical areas requiring urgent digital integration include vessel and traffic management, cargo handling, financial operations, and security monitoring.

The report identifies several key issues contributing to revenue leakage, including the absence of mandatory point-of-origin declarations, manipulation of Harmonised System (HS) codes, and misuse of Pakistan’s green channel.

Many high-duty goods are falsely declared at lower values, reducing tax obligations. For instance, a consignment of carbon steel pipes, valued at $0.9 per kilogram, may be recorded at $0.69 per kilogram, potentially under-invoicing Rs20 million for a 500-ton shipment. Similarly, deodorant sprays with an actual assessed value of $4.6 per kilogram remain vulnerable to misclassification, resulting in tax evasion.
 
You must log in or register to reply here.

Users who are viewing this thread

Total: 2 (members: 0, guests: 2)

Pakistan Defence Latest

Country Watch Latest

Latest Posts

Share this page

Back
Top