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…
Adil Aziz
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…
National Savings collects Rs 735 billion fresh deposits by March 10
The Central Directorate of National Savings (CDNS) on Sunday collected Rs 735 billion fresh deposits in the last seven months of current fiscal year 2021-22 from July 1st to March 10th. The CDNS has set an annual gross receipt target of Rs 980 billion from July 1 to June 30 of the previous fiscal year…
foodpanda women choosing to #BreakTheBias
foodpanda, the leading e-commerce platform, on account of Women’s Day, handed over e-bikes to its female riders. The company celebrated its female employees, vendor partners, riders, and homechefs in an event in which Justice (R) Nasira Iqbal was invited as the Chief Guest. She handed over the bikes to female riders along with Muntaqa Peracha,…
Government disburses Rs 40 bln so far under KJP: Dar
Special Assistant to the Prime Minister (SAPM) on Youth Affairs Muhammad Usman Dar Friday said the government has disbursed Rs 40 billion so far among the youth across the country, Rs 29 billion in Punjab province and Rs 5.5 billion in Lahore for business loans under the Kamyab Jawan Programme (KJP). In a statement, he…
realme Reveals Sajal Aly as the Face of realme 9 Series
With many accolades up her sleeve, Sajal Aly’s popularity goes aptly with realme being a trendy, cutting edge and one-of-a-kind brand. Pulling out all stops, realme has just announced a collaboration with a heavy hitter of Pakistani film and television, Sajal Aly, as the brand ambassador for its new realme 9 Series. This is an…
foodpanda organizes road safety training session by Sindh Traffic Police for its riders
Keeping up with its commitment of prioritising safety and well-being, foodpanda organised a road safety awareness session for its riders, which was conducted by Sindh Traffic Police. The session was conducted by DSP Saeed Arain, and was followed by a talk by the DIG Traffic Police, Mr. Ahmed Yar Chohan. The training given to the…
Logistic reforms vital to tap region’s trade opportunities: President
President Dr Arif Alvi on Thursday said to fully tap the trading opportunities offered by increasing regional integration, Pakistan needed to reform its logistic infrastructure besides developing human resource. “The regional countries are eager to transport their goods to Gwadar port, and hence Pakistan needs to put in place a smooth supply-chain system at the…
Pak-China automobile JV creates more economic activities
MG Motors Pakistan, a joint venture between JW-SEZ Group and SAIC Motor, is building a 260,000-square-meter manufacturing plant in Lahore’s Special Economic Zone, which is expected to be officially opened in August this year. Lahore’s current production line, which produces 100 vehicles per day, is ready for export once it is approved by the government…