Press Release of Workers’ Remittances in April 2024
• Workers’ remittances recorded an inflow of US$ 2.8 billion during April 2024. • In terms of growth, during April 2024, remittances increased by 27.9 percent on y/y basis. •…
Efforts underway to bring Ethiopia’s cargo services to Pakistan: Jemal Abdula
KARACHI: Ambassador of Ethiopia Jemal Beker Abdula, while referring to successful operations of Ethiopian Airlines which has been flying four times a week from Karachi, stated that keeping in view…
SECP organizes workshop on Capital Markets Surveillance
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) held a of workshop for Council Energy and Economic Journalists (CEEJ) journalists at its head office, focusing on oversight of trading…
10-Year Tax Holiday Offered to Pakistani Industrialists Investing in Ethiopia, Announces Ambassador H. E. Jrmal Beker Abdula
KARACHI: Fostering economic ties between Pakistan and Ethiopia, Ambassador H. E. Jemal Beker Abdula unveiled an enticing offer for Pakistani industrialists during his visit to the Korangi Association of Trade…
Enforcement Karachi seizes smuggled goods worth Rs22.5 million
Karachi Customs Enforcement has successfully intercepted a large haul of smuggled goods, including petroleum products and betel nuts, valued at PKR 22.5 million. In line with the directions of Mr.…
FBR reshuffled BS-20 and BS-19 officers of Pakistan Customs Service
KARACHI: In a normal course of routine, Federal Board of Revenue (FBR) has notified transfers and postings of certain BS-20 and BS-19 officers of Pakistan Customs Service (PCS). Accordingly, Mr.…
Lawyers boycott court proceedings across country
KARACHI: Expressing solidarity with the lawyers of Lahore, lawyer community through out Pakistan boycotted court proceedings on Thursday (today). The Lahore Police yester prevented members of Lahore High Court Bar…
Competition Commission of Pakistan Initiates Phase 2 Review of PTCL’s Acquisition of Telenor Pakistan
Islamabad: The Competition Commission of Pakistan (CCP) has successfully concluded Phase 1 of its review of Pakistan Telecommunication Company Limited (PTCL)’s acquisition of Telenor Pakistan. This strategic transaction, involving the…
LUMS Hosts 2nd Symposium on Battery Electric Vehicles in Pakistan
Lahore: LUMS hosted the 2nd Symposium on Battery Electric Vehicles (BEVs) in Pakistan in collaboration with the Higher Education Commission (HEC) Pakistan, World Bank, and the International Finance Corporation (IFC).…
Engro to explore global markets, broaden investment horizon to fuel future growth
Karachi: Engro, the country’s leading conglomerate, has its eyes set on future growth by exploring global markets and possible deals in Pakistan outside its conventional businesses through a more agile…
IPAK Book Building Starts Today (8th May)
Karachi: International Packaging Films Limited IPO’s book-building phase will be held on May 08 and 09, 2024 where high net worth individuals and institutional investors will subscribe to 70.1 million…
onic Announces Strategic Partnership with foodpanda to Expand Digital Lifestyle Ecosystem
Islamabad: onic, Pakistan’s first digital telecommunication brand, dedicated to enhancing the lives of its consumers, is thrilled to announce a strategic partnership with foodpanda, the country’s premier online delivery platform.…
SHC suspends order of Customs Appellate Tribunal in SCRA filed by Collector Custom PMBQ
KARACHI: Hearing a Special Custom Reference Application (SCRA 271/2024) filed by Collector of Customs Port Muhammad Bin Qasim challenging a judgment by Member Judicial–I, Karachi of Custom Appellate Court, a…
SECP proposes enhanced disclosures for Shariah Stock Screening of listed companies
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to the Fourth Schedule of the Companies Act, 2017. These amendments enhance the list of disclosures made in…
High Power Board (HPB) is scheduled to convene on May 17th for promotion of officers into BS-22
The High Power Board (HPB) is scheduled to convene on May 17, 2024, to deliberate on the promotions from BS-21 to BS-22 within Pakistan’s financial institutions. The meeting has sparked…
Industrial units in former FATA/PATA misuse tax exemptions, causing revenue losses
PESHAWAR: In a significant development following the merger of the erstwhile Federally Administered Tribal Area (FATA) with Khyber Pakhtunkhwa, manufacturing units in the region have been granted a five-year immunity…
Pakistan’s Dairy and Beef Sector need to transform through Precision Farming
Pakistan, Dutch, and Australian Companies Announce Partnership to introduce superior livestock and nutrition solutions! Lahore: Despite being 4th largest milk producer in the world and major sub-sectors of agriculture, contributing,…
CCP Takes PTCL-Telenor Merger to Second Phase Review
ISLAMABAD: The Competition Commission of Pakistan (CCP) has concluded the first phase review of the pre-merger application. The transaction entails Pakistan Telecommunication Company Limited (PTCL) acquiring 100% shareholding of Telenor…
SECP allows offering of tailored pension allocation schemes
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced an enabling framework for tailored pension allocation schemes by the Employers Pension Fund (EPF) in order to make voluntary…
Promoted BS-17 officers have assumed their new posts
KARACHI: On the recommendations of Departmental Promotion Committee and with the approval of Secretary Revenue Division/Chairman, FBR, following Superintendent (Customs)/ Superintendent Preventive Service and Principal Appraiser of Customs Department are…