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BUSINESS
SECP imposes maximum term limit on CEOs , Directors of CMII
ISLAMABAD, August 11: The Securities and Exchange Commission of Pakistan (SECP), in order to promote best governance practices and maintain focus on core operations, has introduced maximum terms limits for the Chief Executive Officers and…
SECP registers 2200 companies in July
ISLAMABAD, August 11: The Securities and Exchange Commission of Pakistan (SECP) registered 2,220 new companies in July 2023, a 25% increase from the previous year. The total capitalization for these companies was Rs. 3.3 billion. The total…
Kuwait-based Enertech holding explores collaboration with K-Electric in accelerating green energy…
Karachi, August 11, 2023: “Pakistan’s energy landscape is rapidly changing, and clean energy is increasingly taking center stage. At EnerTech Holding, we have been exploring various markets and identifying partners in leading utilities…
Massive decrease in workers remittances in July
KARACHI : August 10, 2023 : The State Bank of Pakistan (SBP) has released dat of remittances received in July 2023.
According to SBP data released on Thursday the Workers’ remittances recorded an inflow of US$2 billion during July 23.…
Section 7E compliance: FBR , realtors differ over properties’ deem price formula
ISLAMABAD : August 6,2023: After a marathon discussion for 5 hours , the government has agreed to constitute a
committee to workout evaluation table to assess the value of immovable properties and sort out thorny issue of Section 7E…
SECP issues promotors guides in German, Korean
ISLAMABAD, August 4: The Securities and Exchange Commission of Pakistan (SECP), in line with its agenda of facilitating foreign investors, published promoter guides in German and Korean languages.
The SECP has already published promoter…
Are realtors intentionally creating fuss on Section 7E compliance ?
ISLAMABAD : August 4,2023: The compliance or Section 7E of the Income Tax Ordinance 2001 has brought the transfer of properties across Pakistan to a standstill. The representatives of Realtors of Pakistan have rejected Section 7E in toto…
FPCCI laments ‘killing hike’ in petroleum product prices, questions SBP over 22 % policy rate
ISLAMABAD: August 1, 2023: The Federation of Chamber of Commerce and Industries (FPCCI) has bitterly criticized the government decision to increase the rates of petroleum products and called it a bombshell dropped on the masses by the…
Barrick sponsors Pakistan’s landmark mineral summit
Islamabad : July ,31,2023: Pakistan Minerals Summit – Dust to Development - Investment Opportunities in Pakistan will be hosted by the government of Pakistan on August 1, 2023.
This one-day summit to be held at a local hotel in…
Recent increase in gas, power rates real threat to economy : says Mian Akram Farid
ISLAMABAD : July 23,2023: Mian Akram Farid, chairman of Employers Federation of Pakistan, while addressing an emergency meeting, said that the rising prices of electricity and gas have become a big threat to the people and the economy.…
