SECP issues draft Unlisted Companies (Buy-Back of Shares) Regulations, 2022 for soliciting public opinion
The Securities and Exchange Commission of Pakistan (SECP) has approved the draft, “Unlisted Companies (Buy-Back of Shares) Regulations, 2022”, detailing the procedures of purchase of shares issued by unlisted public and private companies. The proposed regulations will facilitate startups, and boost investor confidence by providing an easy exit option to the shareholders. The draft regulations…
Adil Aziz
SBP strongly rebuts placement of any restriction on LCs for Import of Oil, LNG and Petroleum products
SBP would like to clarify some misinformation being spread in the media that the import of oil and petroleum products has been restricted by it. It is clarified that SBP has not placed any restriction (verbal or otherwise) on opening of Letters of Credit (LCs) or contracts for import of crude oil, LNG and petroleum…
ILO recognizes MMBL’s WIN program as a Best Practice Case Study in Gender Equality and Women Empowerment
Pakistan’s largest digital bank, Mobilink Microfinance Bank’s (MMBL) flagship women empowerment program, ‘Women Inspirational Network (WIN)’ has been recognized at the Women Empowerment Conference held in Karachi – a joint venture of The Employers’ Federation of Pakistan (EFP) and the International Labour Organization (ILO), under PRS/STRIDE project funded by Government of Japan, as a best…
Pakistan-EU political dialogue in Brussels covers broad-based areas
The 8th round of Pakistan-European Union Political Dialogue was held in Brussels covering a broad range of bilateral subjects as well as regional and global developments. Acting Foreign Secretary Jauhar Saleem and Enrique Mora, Deputy Secretary General of European External Action Service (EEAS) led their respective sides. Both sides noted the special significance of this…
All internet services restored across country: PTA
Pakistan Telecommunication Authority (PTA) on Wednesday said that all internet services had been restored, hours after disruption was reported across the country. “Faults in the terrestrial segment of SEAMEWE-5 have been repaired at 2 AM PST. Internet services are operational as per normal routine”, said a PTA official in a tweet. SEAMEWE-5, also known as…
Rs431.45 Million being spent on gasification of SEZs, industrial park in 2022-23
The two state-owned companies, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) are currently in process of executing at least three strategic projects to supply gas to two Special Economic Zones (SEZs) and an industrial park in their respective areas to boost industrial production. For this purpose, the government has allocated…
Steps afoot to fulfill fertilizer’s requirement in country: SAPM
Special Assistant to Prime Minister for Industries and Production (SAPM) Tasneem Ahmed Qureshi said the government was putting in place effective measures to maintain demand and supply of fertilizers in the country as fertilizer was a basic and an important agricultural input to enhance per acre yield. He expressed these views after having a briefing…
Ports, shipping need to go green to resist future global crises: UNCTAD
The entire shipping industry must invest urgently in sustainability if it is to withstand future shocks and help prevent another global cost-of-living crisis linked to supply chain disruption. “Ships carry over 80 per cent of the goods traded globally, with the percentage even higher for most developing countries; hence the urgent need to boost resilience…
Submarine cable fault partially impacted internet across Pakistan
Cable-cut in the International Submarine Cable AAE-1 in Egypt had partially impacted the internet services in Pakistan and due to this, some customers are facing minor service degradation. The spokesperson of Pakistan Telecommunication Company Ltd (PTCL) said that PTCL in conjunction with the International Submarine Consortium is working to fully restore internet services on priority….
Careem celebrates 1 Billion rides
Careem Captains have driven over 9 billion kilometres across more than 80 cities over ten years The countries with the highest number of Careem rides are Pakistan (299 million), Saudi Arabia (242 million), and Egypt (230 million) Careem, the region’s leading multi-service platform, celebrates 1 billion ride hailing trips across the Middle East, North Africa…