SECP registers 2,349 new companies in February
The Securities and Exchange Commission of Pakistan (SECP) registered 2,349 new companies in February 2022, raising the total number of registered companies to 163,333. The accumulated capitalization (paid-up-capital) of newly incorporated companies is Rs2.2 billion. During February, foreign investment has been reported in 50 new companies. These companies have foreign investors from Afghanistan, Bahrain, Burma…
Adil Aziz
Majid Al Futtaim Commits to Cage-Free Eggs under New Animal Welfare Policy in a Regional First
• The Company’s new Farmed Animal Health and Welfare Policy is created with support from UK-based non-governmental organisation, The Humane League• As the first retailer in the region to adhere to the policy, Majid Al Futtaim Retail has set a commitment to only sell cage-free eggs across all its markets by 2032• Majid Al Futtaim…
Meezan Bank organizes interactive learning session on International Women’s Day
Meezan Bank, Pakistan’s first and largest Islamic bank held a learning session titled ‘The Glorious Role of Women in Islam’ for the female staff members of the Bank on International Women’s Day at its Head Office, Karachi. Alimah Sobia Hasan, Co-founder and Director at Maryam Institute – a non-commercial, non-political educational institute for women dedicated…
realme Becomes the Fastest Growing 5G Smartphone Brand Globally
The 5G popularizer shows no signs of slowing down as it continues its takeover of the global smartphone market.As the youngest among the world’s top 6 smartphone brands, realme has emerged as the fastest growing smartphone brand globally for the first time. Its robust and sustained growth has allowed realme to land a spot in…
ADB appreciates govt measures for improving economy
The Bank re-affirmed it’s commitment to continue support for strengthening reform programs and implementation of country’s development agenda The Vice President Asian Development Bank (ADB), Shixin Chen here on Monday appreciated and supported the efforts made by the incumbent government in social and economic sectors for bringing improvement in country’s economy. During a meeting with…
BRI cooperation with China transformational for Pakistan: Ambassador Haque
Pakistan Ambassador to China Moin Ul Haque said that cooperation with China under the framework of the Belt and Road Initiative (BRI) “has transformed Pakistan’s economic landscape”. In an interview, Haque spoke highly of the construction of the China-Pakistan Economic Corridor (CPEC), a flagship BRI project, saying it is “transformational” for his entire country. Besides…
ADB to support domestic resource mobilization in Pakistan: Omar Ayub
Vice President (Operations) of Asian Development Bank, Shixin Chen called on Federal Minister for Economic Affairs Omar Ayub Khan here and discussed the ADB’s technical and financial assistance for Pakistan including ongoing portfolio and priority areas for future interventions. At present, 37 ADB-Funded development projects worth US$ 7.9 billion are under implementation across the country…
FBR ensuring compliance of FATF regulations in true spirit: Chairman
Federal Board of Revenue (FBR) Monday clarified that it is making all out efforts in ensuring compliance of Financial Action Task Force (FATF) regulations in cases of DNFBPs (Designated Non-Financial Business or Professions), in letter and spirit, and is also fighting the menace of money laundering, by all means possible. Clarifying a news item published…
CCP order imposes penalty on Haier & DEL/DAWALANCE for anti-competitive conduct in the in the form of RPM Practices
The Competition Commission of Pakistan (CCP) passed an order against Haier and DEL/Dawlance for violation of Section 4 of the Competition Act, 2010 for entering into resale price maintenance (RPM) arrangements with its dealers, which is a form of price-fixing under Section 4(2)(a) of the Act and by object an anti-competitive practice. The Bench comprised…
BOP CEO awarded Hungary’s Civil Award
Zafar Masud, President & CEO of The Bank of Punjab, was decorated with the highest civil award of Hungary for spearheading the initiative to further strengthen Hungarian-Pakistani cross cultural ties, by restoring the historically significant Subcontinental artwork of Hungarian Artist August Schoefft. The award, “The Officer’s Cross of the Order of Merit of Hungary”, was…