CCP conducts search & Inspection of two undertakings
As part of an investigation into the prima facie violations of Section 4 of the Competition Act, 2010, the Competition Commission of Pakistan (CCP) today carried out search and inspection of the offices of two undertakings that are suspected of fixing and circulating freight charges among its members at the country’s two leading seaports. The…
Adil Aziz
State Bank issues Advisory against Illegal offshore Foreign Exchange Trading Websites, Mobile Applications and Platforms
State Bank of Pakistan (SBP) has noticed that an increasing number of offshore foreign exchange trading websites, mobile applications and platforms such as OctaFX, Easy Forex, etc. are offering their products and services to residents of Pakistan. These digital platforms lure people through social media advertisements to buy/invest in their products or services. Examples of…
PTA, NHMP sign MoU for collaboration on areas of mutual interest
Pakistan Telecommunication Authority (PTA) and National Highways and Motorway Police (NHMP) here on Thursday signed a Memorandum of Understanding (MoU) for collaboration on areas of mutual interest. PTA AND @NHMPOFFICIAL JOINTLY SIGNED A MEMORANDUM OF UNDERSTANDING (MOU) AT PTA HEADQUARTERS ISLAMABAD, TODAY. PIC.TWITTER.COM/CXZA0BBKTB “The cooperation and collaboration between the two organizations in areas of mutual…
Fly Emirates to Dubai and avail a complimentary stay
Passengers travelling to Dubai with Emirates can now enjoy a 1 night complimentary stay when flying in Economy Class & 2 nights complimentary stay when flying Business or First class. Not only this, passengers can also avail additional 10kg baggage allowance on their flights to and from Dubai, without any further costs. This offer is…
Zameen.Com Signs MoU with the Institute of Financial Markets of Pakistan
Zameen.com, Pakistan’s leading real estate enterprise, signed an MOU with the Institute of Financial Markets of Pakistan (IFMP) in a ceremony held at Zameen’s Karachi office. As per the MOU, Zameen’s training and development venture ‘Zameen Academy’ will include modules related to Real Estate Investment Trusts, Anti Money Laundering, and other financial topics. The purpose…
Kuda Technologies poised to drive financial inclusion in Pakistan
A UK-based financial services company ‘Kuda Technologies’ in partnership with Fatima Group and The City Schools Group has applied for a digital banking licence in Pakistan with the goal of driving financial inclusion in the country. Founded in 2019 and with over $90 million of funding from renowned institutional investors including Valar Ventures and Target…
BOI provides all possible facilities to investors: Minister BOI
Federal Minister for Board of Investment Ch. Salik Hussain on Thursday said that BOI would provide all possible facilities to foreign and local investors as it has been providing facilities to investors in the past. The Minister and Secretary briefed the participants about BOI’s role in facilitating and attracting local and foreign investment in the…
75% work on 37 broadband service related projects completed
Minister for Information Technology and Telecommunication Syed Amin-ul-Haque Wednesday said almost seventy-five percent work on 37 projects launched for the provision of broadband services under the Universal Service Fund (USF) had been completed. “Over 37 projects worth Rs 31 billion were launched by June 2021 and up to 50-75 percent of the work has been…
KE Awards 500/220 KV KKI Grid Station Contract For 4th Interconnection with National Grid
In another milestone towards securing Karachi’s energy future, KE has awarded the EPC contract for the construction of 500/220 kV KANUPP – K-Electric Interconnection (KKI) Grid to Siemens (Pakistan) Engineering Company Limited. The signing ceremony between Siemens and K-Electric was held at KE’s Head Office. KKI Grid will be the addition of fourth interconnection in…
Exports increase 35% to Rs4.553 trillion in 10 months
On year-on-year basis, the exports during the month of April 2022 increased by 57.44 to Rs.534,514 million as compared to exports of Rs.339,498 million during April, 2021 The exports of the country in rupee term witnessed an increase of 35.52 per cent during the first ten months of the current fiscal year as compared to…