Intel announced plans to spin off its venture capital and investment unit, Intel Capital, into an independent company to improve operational efficiency. The standalone entity, expected to launch in the second half of 2025, will operate under a new name, with Intel remaining a major investor. The transition will see the existing Intel Capital team … Read more
The State Bank of Pakistan (SBP) has raised the minimum paid-up capital requirement for exchange houses to Rs 1 billion, significantly tightening regulations to formalize the currency market. Dawn said the updated regulatory framework poses challenges for older companies while making it more difficult to establish new ones. In September 2023, the State Bank of … Read more
ISLAMABAD: The Kisan Union has issued a strong warning to the government, threatening a massive protest march to Islamabad if the Punjab government fails to raise the wheat support price and take decisive action to curb spiraling input costs that are crippling the agricultural sector. In a press conference on Tuesday, Kisan Union Central President … Read more
National Clearing Corporation of Pakistan Limited (NCCPL) has announced that Capital Gains Tax (CGT) for shares sold on Pakistan Stock Exchange (PSX) during October 2024 will be collected on Friday, November 29, 2024. Clearing members – brokers or entities handling trades – must ensure that they have sufficient funds in their bank accounts on this … Read more