SECP issues alert for fraudulent investment schemes
The Securities and Exchange Commission of Pakistan (SECP) on Wednesday warned the general public against investing in any fraudulent investment schemes that promise hefty profits and unrealistic incentives The Commission has been constantly clarifying that mere registration of a company, does not authorize it to solicit deposits from the general public or offer investment schemes….
Adil Aziz
New air cargo routes launched between China, Pakistan
In a milestone move to bolster trade ties between China and Pakistan, two new air cargo routes have been inaugurated recently between the two countries, according to a statement released by Nanning Customs District of China. It is learned that the new air routes will operate between Nanning, capital of China’s southwest autonomous region of…
PSX Adopts & Implements the New Trading & Surveillance System
PSX has officially launched the new trading & surveillance system in line with its objective to upgrade and enhance its technological capacity and functionality. It is a state-of-the-art, safe and highly advanced securities trading and surveillance system. The new trading & surveillance system is not only safe and reliable but is also a high-performance, high…
ECC allows SNGPL based fertilizer plants to operate till August 31
The Economic Coordination Committee (ECC) of the Cabinet allowed Sui Northern Gas Pipelines Limited (SNGPL) Based fertilizer plants to operate beyond May 31 to August 31 on indigenous gas with no subsidy. The ECC met with Minister for Finance and Revenue Senator Mohammad Ishaq Dar in a chair, adding that SNGPL-based fertilizer plants include Fatima…
Bringing Together Tech Enthusiasts to Shape the Future of Travel in Pakistan
Sastaticket.pk, a leading online travel platform, successfully organized a hackathon aimed at fostering collaboration, creativity, and critical thinking among aspiring tech enthusiasts in Pakistan. The event, held on 19th to 21st May 2023, brought together a diverse pool of participants to generate innovative ideas for problem-solving, encourage growth, and showcase the country’s entrepreneurial talent. SalamAir,…
Minister unveils plan to attract foreign, domestic investment in AI
Minister for Information Technology and Telecommunication Syed Amin Ul Haque said the incumbent government was working on a strategy to attract more and more foreign as well as domestic investment in Artificial Intelligence (AI), considered a key element in strengthening economies in the modern world. In a statement, he said, at least 60 countries, including…
Mobilink Bank and Hashoo Foundation to drive financial inclusion initiatives for MSMEs
Mobilink Bank and Hashoo Foundation (HF) have signed a Memorandum of Understanding (MoU) to jointly enhance financial inclusion for Micro, Small and Medium Enterprises (MSMEs). This collaboration strives to empower MSMEs supported and trained by Hashoo Foundation, fostering their entrepreneurial journey. Mobilink Bank, through this partnership, is committed to enabling the growth and success of…
Pesticide Imports to be Facilitated through Pakistan Single Window
Pakistan Single Window has launched a new service to facilitate the import and clearance of pesticides in Pakistan. As part of the service PSW has also deployed the unified registration system enabling electronic registration of pesticide products and premises with the Department for Plant Protection. The URS enables real-time validation of pesticide products and premises…
Nadeem Khan nominated as member of ICAP ASB
Group Chief Financial Officer (GCFO), PTCL & Ufone 4G, Nadeem Khan has been nominated as a member of the Institute of Chartered Accountants of Pakistan (ICAP) on its prestigious Accounting Standards Board (ASB). The ASB is responsible for overseeing the adoption, development, and implementation of accounting standards in the country, as well as providing guidance…
UN forecasts world economic growth of 2.3% in 2023, 2.5% in 2024
GLOBAL economic growth is projected to be 2.3 per cent in 2023, up 0.4 percentage points from a January forecast, and the prediction for 2024 has dropped 0.2 percentage points to 2.5 per cent, according to a United Nations (UN) report. “Despite this uptick, the growth rate is still well below the average growth rate…