US Department of State Spokesperson Mathew Miller has warned of potential sanctions against countries who do business with Iran, citing the risk of sanctions. He recently said this in response to a query regarding Pakistan’s latest trade agreements with Iran. While he didn’t specifically threaten Pakistan, Miller recalled that the
Prime Minister Muhammad Shahbaz Sharif has suspended Chief Commissioner Inland Revenue (Islamabad) and all associated officers for deliberately delaying tax cases, sources told ProPakistani. The Prime Minister has taken personal charge of overseeing the implementation of Federal Board of Revenue (FBR) reforms and ordered an inquiry into the matter. Tax
Pakistan Stock Exchange (PSX) held a gong ceremony to formally mark the listing of the Mahaana Islamic Index Exchange Traded Fund (MIIETF) managed by Mahaana Wealth Limited (MWL). Akif Saeed, Chairman SECP, and Henrik Persson, Ambassador of Sweden to Pakistan, graced the occasion as Chief Guests. The gong was struck
The Pakistan Stock Exchange (PSX) on Monday issued notices to four listed companies to explain the unusual movement in their share prices. The main bourse issued notices to Dewan Farooque Motors Limited (PSX: DFML), Ghandhara Automobiles Limited (PSX: GAL), Standard Chartered Bank (Pakistan) Limited (PSX: SCBPL) and TPL Insurance Limited
The Competition Commission of Pakistan (CCP) has granted a time bound approval to the exemption application for the technology transfer and license agreement between the Sui Southern Gas Company Limited (SSGCL) and US-based Itron Inc. with certain conditions to be complied. The scope of agreement where exclusivity clauses have been
China’s Shanghai Electric Power Company has withdrawn its public announcement of intention (PAI) for acquiring up to 66.40 percent ordinary share capital of K-Electric Limited (directly or indirectly), K-Electric (PSX: KEL) informed the main bourse on Monday. The Chinese power giant has been trying to buy KE shares for over
Finance Minister Muhammad Aurangzeb held a meeting with Naeem Mir, Chairman Supreme Council, All Pakistan Anjuman-e-Tajran, today. The meeting, also attended by FBR chairman, served as a platform to discuss pertinent issues concerning the business community and economic policies. During the meeting, the minister appreciated the valuable contributions of the
The government of Pakistan is gearing up to launch a groundbreaking initiative aimed at modernizing regulatory frameworks and fostering a more conducive environment for businesses. In line with the World Bank’s Digital Economy Enhancement Program (DEEP), the government will establish the Pakistan Business Portal (PBP), a pivotal platform set to