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BUSINESS
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.…
Workers remittances set healthy trend, make 13.6 % growth in 2022-23
KARACHI: July 10, 2023: The Workers’ remittances recorded an inflow of US$2.2 billion during June 2023. According to the data released by the State Bank of Pakistan (SBP) here on Monday in June 2023 remittances increased by 3.9 percent on…
IMF bailout to pull Pakistan out of economic crisis: says Bostan Khan
ISLAMABAD : July 1,2023: Commenting on Pakistan's agreement with the International Monetary Fund (IMF) for $ 3 billion loan under a standby arrangement, All Pakistan Currency Dealers Association (APCDA) chairman , Malik Bostan Khan , has…
SBP raises interest rate all time high to 22 % to appease IMF for release of stalled funds
KARACHI: June 26, 2023: In the statement after its meeting held on 12th June, the Monetary Policy Committee (MPC) viewed the then monetary policy stance as appropriate to achieve the objective of price stability “barring any unexpected…
Pakistan need coherent labour policy to avoid Greece -boat sinking like tragedies : Mian Akram Farid
ISLAMABAD : June 25,2023: Chairman Skill Development Council Islamabad M. Akram Farid, while expressing his views during the meeting, said that Pakistan need to make a coherent labor policy to provide employment opportunities at home to…
SBP revises regulations to make EMIs more business friendly
KARACHI : June 23,2023: Pakistan has issued revised Regulations for Electronic Money Institutions (EMIs) with the aim to enhance outreach and scope of these innovative fintech-enabled payment companies.
The updated regulations now allow…
