The Securities and Exchange Commission of Pakistan (SECP) has once again emphasized that simply registering a company with the regulator does not grant firms the authority to collect public deposits, promise guaranteed returns, or engage in deceptive investment schemes disguised as real estate Read More...
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The Pakistan Telecommunication Authority (PTA) has urged buyers to double-check the tax status of mobile phones before making a purchase. This is to ensure alignment with Federal Board of Revenue (FBR) rules and avoid potential service issues. The PTA reminded consumers that devices must be Read More...
Pakistan will not be importing wheat this year due to sufficient domestic stocks, as confirmed by Waseem Ajmal Chaudhry, Secretary of the Ministry of National Food Security and Research (MNFS&R), during a briefing to the National Assembly Standing Committee on National Food Security and Read More...
The Pakistan Customs Agents Association has issued a stark warning to suspend import and export clearance services across the country within 15 days, citing the alleged "illegal suspension" of 45 agents' licenses and allegations of corruption within the customs department.
In a letter to Read More...
The Senate Standing Committee on Water Resources strongly criticized the Water and Power Development Authority (Wapda) for purchasing 78 luxury vehicles worth Rs740 million, despite the federal government's austerity policy that prohibits such extravagant spending.
In a heated session led Read More...
The Securities and Exchange Commission of Pakistan (SECP) hosted a crucial consultation with representatives from the Mutual Funds Association of Pakistan (MUFAP), senior officials from Asset Management Companies (AMCs), and Pension Fund Managers. The meeting's focus was on upcoming amendments Read More...
Between June and October 2024, the State Bank of Pakistan (SBP) purchased a total of $3.8 billion in the domestic foreign exchange (FX) market, according to data released by the central bank. The SBP usually reports its market interventions with a three-month delay.
These interventions Read More...
Four officials from the Punjab Cooperative Board for Liquidation (PCBL) have been arrested in connection with a massive land fraud case, with an FIR filed against them and several private individuals for their involvement in the illegal occupation and sale of government property, according to a Read More...
Habib Bank Limited (HBL) has distributed over 3.5 million shares to its employees as part of its Risk Aligned Remuneration Policy. This policy offers deferred variable compensation to Material Risk Takers (MRT), Material Risk Controllers (MRC), and selected General Managers (GM). The bank Read More...
On Monday, the Balochistan Assembly passed two important legislative measures, the Balochistan Tax on Land and Agricultural Income Amendment Bill and the Balochistan Civil Servants Amendment Bill, as part of the ongoing legal reforms in the province.
The session, which was delayed by 30 Read More...
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