Emirates Group reports record half-year results for 2024-25
• Group: New record half-year performance with profit before tax of AED 10.4 billion (US$ 2.8 billion), up 1% from the same period last year. Revenue up 5% to AED…
SECP’s Startup Summit 2024 to Boost Pakistan’s Startup Ecosystem
Karachi: Securities and Exchange Commission of Pakistan (SECP) held a press briefing today, at its Karachi Office in Islamabad on the upcoming Pakistan Start-up Summit. The event, scheduled for November…
FBR Forms “Super Audit Team” to Enhance Customs GD Examination and Assessment
KARACHI: In accordance with the Directorate General of Reforms & Automation (Customs) at the FBR Headquarters in Islamabad, a “Super Audit Team” has been formed to conduct examinations and assessments…
Extraordinary Performance of the Federal Tax Ombudsman Over the Last Ten Months
KARACHI: In a substantial advancement for taxpayer rights and fair tax administration, the Office of the Federal Tax Ombudsman (FTO) has seen impressive strides under the leadership of Honorable Dr.…
OICCI leads pre-COP29 dialogue on private sector climate action
Panelists discuss the need for green financing to strengthen private sector climate action in Pakistan: ISLAMABAD: As Pakistan confronts the pressing challenges of climate change, the Overseas Investors Chamber of…
CCP engages Law students on Competition Law at Quaid-Azam University
ISLAMABAD: The Competition Commission of Pakistan (CCP), as part of its partnership with the Directorate of Legal Education (DLE), held an interactive session at the School of Law, Quaid-e-Azam University.…
PSX Announces Appointment of New CEO
Karachi: Pakistan Stock Exchange (PSX) has announced the appointment of Mr. Farrukh H. Sabzwari as its Chief Executive Officer (CEO). This announcement was made earlier today through a Notice issued…
Minster for Finance Muhammad Aurangzeb Inaugurates SECPs Electronic Mortgage Register for Banks and Financial Institutions. Raises Curtain on New State of the Art Office in Karachi
Karachi: Federal Minister for Finance and Revenue, Muhammad Aurangzeb launched SECPs Electronic Mortgage Register of Companies, a landmark initiative designed to provide a centralized system for accessing and verifying mortgage…
SHC decides controversy over demurrage charges after 7 seven years
KARACHI: Seven years were consumed in deciding a simple issue of delay and detention charges as a division bench of High Court of Sindh disposed of the petition filed by…
Major Smuggling Operation Foiled at NLC Terminal Taftan
QUETTA: Collector Quetta Enforcement Umar Shafique has launched a major crackdown on smugglers, leading to the lodging of three FIRs against Aqib Ali, owner of Fortune Enterprises, M/s SJ Enterprises,…
Meezan Bank Inks Agreement to Join the International Islamic Trade Finance Corporation (ITFC) to Support Private Sector
Karachi: Meezan Bank, Pakistan’s leading Islamic bank has signed a new strategic partnership with the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group,…
SHC issues notice to respondents in petition by DHA Dolmon Lahore
KARACHI: Notices were issued to Pakistan Customs and Deputy Attorney General Pakistan for 2.12.2024 by a custom appellate bench of High Court of Sindh (SHC) in a petition filed by…
Local cement despatches almost flat during October 2024
Total Cement despatches during October 2024 were 4.357 million tons against 4.006 Million Tons despatched during the same month of last fiscal year marking an increase by 8.74%. Healthy exports…
SHC suspend order of Federal Tax Ombudsman
KARACHI The order of Federal Tax Ombudsman (FTO) directing Collector of Customs Appraisement West to release goods provisionally was suspended by a custom Appellate bench of High Court of Sindh…
Monetary Policy Statement
1. At its meeting today, the Monetary Policy Committee (MPC) decided to cut the policy rate by 250 basis points to 15 percent, effective from November 5, 2024. The Committee…
PBDN Hosts Awareness-Raising Session for Employers on Disability Inclusion
KARACHI: The Pakistan Business and Disability Network (PBDN), jointly with the Employers’ Federation of Pakistan (EFP) and with the support of Sightsavers, successfully organized an impactful Awareness-Raising Session for Employers…
JS Bank and BankIslami partner to expand home remittance payouts across Pakistan
Karachi: JS Bank and BankIslami have announced a strategic partnership to enhance home remittance services nationwide, by combining the strengths and retail networks of both institutions. Through this alliance, JS…
2.5 percent cut in interest rate not in line with declining trend in inflation: Jawed Bilwani
KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Muhammad Jawed Bilwani, while commenting on the State Bank’s decision to reduce the interest rate by 2.5 percent, bringing…
ICMA Releases Paper on Human and Social Progress in SAARC Countries
The ICMA Research and Publications Department has released a comprehensive paper in the current issue of its official flagship journal, Chartered Management Accountant, which examines critical human, gender, poverty, prosperity,…
SHC Arrested foreign vessel released on securing disputed amounts
KARACHI: MT Hakuba Galaxy, a foreign origin vessel arrested by Pakistani authorities in four different Admiralty Suits (Suit 9, 10, 11, 12) filed by Dalda Foods and others was got…