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CEO Today Magazine - A Project of CEO Club Pakistan which caters the whole corporate industry and top-class management academia of Pakistan i.e. chief executives, directors, sales executives, general managers, sales managers, entrepreneurs, bankers, human resource managers & others. CEO Club Pakistan is dedicated to Pakistani CEOs' Diaspora to feature their case study & inspiring interviews in the

best-selling book "100 Performing CEOs & Companies of Pakistan". We are a source of information, inspiration and motivation for the world’s most successful leaders, executives, investors and entrepreneurs. We not only feature the company’s or CEO’s success story but give an immense branding opportunity via our Digital media, publications, Annual book 100 Performing CEO’s and Companies of Pakistan, Live Coffee with CEO sessions, Brand building, brand awareness to the top niche corporate sector of Pakistan

ISLAMABAD: The World Bank has called on Pakistan’s Power Division and three major distribution companies—HESCO, MEPCO, a...
21/07/2025

ISLAMABAD: The World Bank has called on Pakistan’s Power Division and three major distribution companies—HESCO, MEPCO, and PESCO—to accelerate the $55 million Electricity Distribution Efficiency Improvement Project (EDEIP), warning that continued delays may hinder its success.

While disbursements and commitments have improved, the Bank noted that key quarterly targets were missed due to rebidding, procurement delays, and grievance resolution issues.

The Bank emphasized the urgent need to finalize the Financing Agreement and activate it within 90 days. It also asked for updated Project Enhancement and Procurement Plans by the end of July.

Environmental and Social documents (ESIAs and RAPs) are pending, and the Bank stressed timely submission to avoid project slowdowns.

DISCOs have been told to stabilize teams, fill key vacancies by August 31, and submit a detailed FY26 work plan.

Despite challenges, the World Bank remains confident the project can still meet its goals and support Pakistan’s power sector reforms.

LAHORE: The Pakistan Sugar Mills Association (PSMA) has urged the government to fully deregulate the sugar industry, as ...
21/07/2025

LAHORE: The Pakistan Sugar Mills Association (PSMA) has urged the government to fully deregulate the sugar industry, as done with sugarcane by provinces.

PSMA highlighted that the sugar sector is Pakistan’s second-largest agro-industry, generating Rs. 1,000 billion in business and Rs. 225 billion in taxes, while providing $4 billion in import substitution.

The industry uses bagasse for power generation and supports allied sectors. PSMA also called for reviving the Ethanol Blending Policy to reduce fuel imports.

It noted that deregulated sectors like rice and maize are performing well and encouraged similar policy for sugar to boost exports, jobs, and R&D.

PSMA welcomed the federal committee on deregulation and hoped for long-term reforms after the recent Sugar Advisory Board meeting.

The crypto sector reached a major milestone on Friday, hitting a $4 trillion market value according to CoinGecko, signal...
19/07/2025

The crypto sector reached a major milestone on Friday, hitting a $4 trillion market value according to CoinGecko, signaling its evolution from a fringe asset to a core part of global finance. This surge is fueled by renewed investor optimism, clearer regulations, and increasing institutional involvement. In a significant legislative move, the U.S. House passed a bill to regulate stablecoins, sending it to President Trump for approval, alongside two other crypto-focused bills—one establishing a broader regulatory framework and another aiming to ban a U.S. central bank digital currency. Bitcoin briefly crossed $120,000 and is forecasted to hit $200,000 by end-2025, while Ether jumped 4.5% and has doubled in three months. The rally also boosted crypto-linked stocks, with Coinbase and Robinhood hitting record highs.

ISLAMABAD: FBR Chief Rashid Langrial revealed that Pakistan faces over Rs700 billion in tax fraud, mainly due to widespr...
18/07/2025

ISLAMABAD: FBR Chief Rashid Langrial revealed that Pakistan faces over Rs700 billion in tax fraud, mainly due to widespread sales tax evasion. Briefing a sub-committee of the NA’s Public Accounts Committee, he stressed that despite system improvements, completely eradicating such fraud remains unlikely. Langrial highlighted the need for stronger post-audit checks and stricter penalties, noting that Rs200 billion was recovered last year through resolved tax litigation. He warned that the frequent release of tax evaders weakens deterrence and hampers efforts to curb fraud.

CEO Today Magazine exclusive coverage of the "4th Meeting of FPCCI Central Standing Committee on "National Economic Poli...
18/07/2025

CEO Today Magazine exclusive coverage of the "4th Meeting of FPCCI Central Standing Committee on "National Economic Policies & Reforms" held at FPCCI Regional Office, Lahore.

Kohinoor Textile Mills Limited (KTML) has proposed a 5-for-1 stock split, reducing the face value of its shares from Rs1...
17/07/2025

Kohinoor Textile Mills Limited (KTML) has proposed a 5-for-1 stock split, reducing the face value of its shares from Rs10 to Rs2, subject to shareholder approval at the EoGM on August 15, 2025. The move will increase the number of ordinary shares from 269.3 million to over 1.34 billion.

The company aims to make its shares more affordable and accessible for small and retail investors, boosting market liquidity and encouraging broader investor participation. The stock split reflects KTML’s confidence in its long-term growth, following a strong rise in its share price.

ISLAMABAD: The Finance Act 2025 has expanded the definition of tax fraud, causing concern among the business community. ...
17/07/2025

ISLAMABAD: The Finance Act 2025 has expanded the definition of tax fraud, causing concern among the business community. Legal expert Arshad Shehzad warned that routine tax matters now fall under tax fraud, giving tax officers excessive powers, including arrests. Offences are presumed intentional unless proven otherwise, shifting the burden of proof onto taxpayers.

Shehzad explained that the law allows authorities to target genuine taxpayers under vague allegations, like fake invoices or sales suppression. He called the amendments harsh, likely to discourage investment, and urged the government to issue clear SOPs to prevent misuse and protect honest businesses.

CEO Today Magazine exclusive coverage of the seminar "Born in Pakistan, Build for the World" hosted by Marketing Associa...
16/07/2025

CEO Today Magazine exclusive coverage of the seminar "Born in Pakistan, Build for the World" hosted by Marketing Association of Pakistan - Lahore Chapter held at PC Hotel, Lahore.

The Ministry of Commerce has unveiled the National Tariff Policy (NTP) 2025–30 as part of the federal budget, aiming to ...
15/07/2025

The Ministry of Commerce has unveiled the National Tariff Policy (NTP) 2025–30 as part of the federal budget, aiming to boost exports by 10–14% and reduce the trade deficit by managing import growth at a slower pace of 5–6%. The policy introduces significant reforms, including reducing the simple average tariff to 9.7% by FY 2029–30, cutting customs duties to a maximum of 15%, and eliminating Additional and Regulatory Duties over the next 4–5 years. It also plans a complete phase-out of the complex and restrictive 5th Schedule, shifting all products to a simplified 1st Schedule structure. These steps are expected to enhance transparency, lower compliance costs, encourage industrialization, and improve overall competitiveness while supporting export-led growth and reducing imported inflation.

Oil prices rose slightly on Monday, extending Friday’s gains, amid expectations of new U.S. sanctions on Russia. Brent r...
14/07/2025

Oil prices rose slightly on Monday, extending Friday’s gains, amid expectations of new U.S. sanctions on Russia. Brent reached $70.51 and WTI $68.59. Tensions increased as President Trump announced missile support for Ukraine and planned a major statement on Russia. The EU is also close to new sanctions with a lower oil price cap. However, gains were limited by Saudi Arabia exceeding its OPEC+ output quota and high Chinese oil inventories, despite a rise in imports. Ongoing U.S. tariff talks added further uncertainty to the market outlook.

From July 1, 2025, the FBR has begun using its powers under Section 21(s) of the Income Tax Ordinance to fix or defer in...
14/07/2025

From July 1, 2025, the FBR has begun using its powers under Section 21(s) of the Income Tax Ordinance to fix or defer input tax adjustments through an automated risk management system. While guidelines are yet to be issued, affected taxpayers can file an application with the Commissioner, who must decide within 30 days.

Funds for development and recurrent budgets will be released quarterly, with allocations strictly tied to the availabili...
11/07/2025

Funds for development and recurrent budgets will be released quarterly, with allocations strictly tied to the availability of fiscal space. PSDP projects will receive 15–40% across four quarters, while ERE and Non-ERE expenses follow defined limits. No re-appropriation or foreign exchange payment will be allowed without prior approval.

Grants, subsidies, and lending will be performance-based and closely monitored. The Ad-hoc Relief Allowance 2025 will be fully released in Q3. Strict compliance with financial rules and accountability measures will be ensured.

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