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BUSINESS
Financial crisis of Pakistan deepens as dollar value goes up alarmingly
ISLAMABAD:August 29,2023: Pakistan's economic crisis seems far from over as the increase in US dollar's value is adding to the on-going multifaceted uncertainty in the country. It's not the currency market only which is in the shock due to…
ECC.slaps ban on sugar export with immediate effect
ISLAMABAD : August 28,2023: The Economic Coordination Committee (ECC) of the federal cabinet on Monday banned sugar exports with immediate effect. This is a very important decision taken by the caretaker set-up in days after taking charge…
SECP issues first certificate of Sharia compliance
ISLAMABAD, August 25: The Securities and Exchange Commission of Pakistan (SECP) has issued the first-ever certificate of Shariah compliance to two Estate Investment Trusts (REITs), namely Signature Residency REIT and Rahat Residency REIT.…
FPCCI ‘s Mirza Abdul Rehman calls on caretaker FM Jillani
ISLAMABAD : August 24,2023: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) chairman coordination capital Office and spokesman of Businessmen Panel met with caretaker Foreign Minister, Jalil Abbas Jilani, at the Ministry of…
Free fall of rupee continues as SBP remains mere spectator to economic meltdown
KARACHI: August 23,2023: There is no respite for the rupee as the open currency market in Pakistan goes literally out of control. US dollar value skyrocketed to historic high level of Rs 312 against the rupee in the open market on…
FPCCI welcomes caretakers ,hopes interim setup delivers good
ISLAMABAD : August 20,2023: Mirza Abdul Rehman Spokesman for the Businessmen Panel & Chairman of Coordination FPCCI capital office, Islamabad has welcomed the caretaker federal cabinet and said that the inclusion of qualified and…
SECP strikes down illegal personal loan apps
ISLAMABAD, August 16,2023: In order to safeguard the public from falling into debt traps of illegal loan apps, the Securities and Exchange Commission of Pakistan (SECP), in coordination with Google, Apple and the PTA, has ensured removal of…
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…
