SECP amends regulations for election of independent directors and female directors
To address practical difficulties faced by the listed companies in election of directors, and to promote diversity in boards of the companies, the Securities and Exchange Commission of Pakistan (SECP) has introduced amendments in the Listed Companies (Code of Corporate Governance) Regulations, 2019 and the Companies (Postal Ballot) Regulations, 2018. The notified amendments aim to…
Adil Aziz
Islamic Finance prospects share of Islamic Banking has surpassed 21 Percent
Mr. Irfan Iqbal Sheikh, President FPCCI, has apprised that the share Islamic banking has surpassed 21 percent in Pakistan; and, it is expected to grow rapidly – as SBP has been assigned to make all banking Riba-free by 2027. He added that the growth in Islamic banking’s share is a testimony that individuals and businesses…
U.S. backs Recharge Pakistan Project to enhance country’s climate resilience
The United States, through the U.S. Agency for International Development, is pleased to support Recharge Pakistan, a project to enhance Pakistan’s resilience to climate change by improving water systems and investing in green infrastructure. The USAID contributed $5 million in funding to support this project, and this week the Green Climate Fund (GCF) Board approved…
Govt launches crackdown against illegal loan application: Amin-ul-Haque
Federal Minister for Information Technology and Telecommunication, Amin-ul-Haque said in a decisive move to combat fraudulent loan applications, the government initiated a crackdown against illegal loan providers. In a statement, he said, that Chairman Pakistan Telecommunication Authority (PTA) Major General (r) Hafeezur Rehman directed immediately to take swift action on the illegal loan applications. Under the orders issued,…
Ufone 4G introduces Digital Grand for Unmatched Connectivity
Pakistani Telecommunication provider, Ufone 4G has introduced its latest offering the Digital Grand Offer. This offer revolutionizes connectivity and delivers unmatched benefits to its valued customers. With a generous data allowance of 100 GBs, along with 1000 off-net minutes, Ufone 4G users can now amplify their digital experience to new heights. The package also includes…
Pakistan seeks Chinese investment to upgrade agriculture, IT, mining, housing sectors: Ahsan Iqbal
Federal Minister for Planning, Development, and Special Initiatives, Prof. Ahsan Iqbal has said that Special Economic Zones (SEZs) will provide an opportunity for Chinese investments to take advantage of incentives that Pakistan offers to foreign investment with concessions. “We are working on nine special economic zones. The first Rashakai Special Economic Zone will be inaugurated…
Dar review progress to outsourcing airports’ operation
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired a meeting of the Steering Committee to review the progress of work related to outsourcing of airports’ operations, at Finance Division. Federal Minister for Aviation and Railways Khawaja Saad Rafique, Special Assistant to Prime Minister (SAPM) on Finance Tariq Bajwa, Secretary Aviation, CEO Public…
Emirates Celebrates 25 Years of Uniting Peshawar with the World
Airline’s silver Jubilee of transforming travel experiences, and promoting trade and cultural exchange Emirates today marks 25 years of successful operations in Peshawar, Pakistan’s sixth largest city. Since the inaugural flight on July 14, 1998, Emirates has carried over 1.8 million passengers between Dubai and Peshawar and lifted more than 25,000 tonnes of cargo, supporting…
PM ground breaking of Chashma Nuclear Power Plant Unit-5
Prime Minister Muhammad Shehbaz Sharif broke ground on the 1200 MW Chashma Nuclear Power Plant Unit 5 (C-5) here which is likely to be completed in seven to eight years at a cost of around US$3.48 billion. On June 30, 2023 the prime minister witnessed the signing of Memorandum of Understanding (MoU) on the C-5…
Promoting culture of run-of-the river dams imperative for arresting load shedding
The population bulge and technological advancement have exerted pressure on energy resources where its shortfall has touched a record 7,000 megawatts (MW) that negatively impacted the national economy, agriculture and industrial growth. As the country’s population has crossed the psychological barrier of 240.954 million mark in May this year which means that new water dams…