IslamabadThe Governor of the State Bank in Pakistan, Jameel Ahmad, called on commercial banks to reconsider their current business models and give the priorities of lending to small and medium enterprises to contribute an activity in the economic growth of the nation. Speaking at the end of the Pakistani banking summit 2025 ′ on Tuesday, … Read more
Islamabad: The Federal Revenue Council (FBR) presented new measures to address violations in issuing invoices that are not specified by retailers, and enabling the authorities to close the workplaces or retail stores of retail traders from the first level who found the rules. In a notification issued on Monday (164 (1)/2025), FBR has amended the … Read more
IslamabadThe Pakistani Banks Association (PBA) has announced plans to create an indicator of small and medium -sized institutions (SMES) during the next year, designed to provide a standard for the financial sector and help in increasing access to financing for small and medium -sized companies across a country. Mir Nejib UR Rehman, PBA, participated in … Read more
The stock market is expected to maintain a positive direction in the short term, as momentum is largely affected by the profits of the upcoming companies and inflation data in January 2025, according to a report issued by Akd Securities. The market has been volatile throughout the week ending January 31, 2025, and is largely … Read more
Federal Interior Minister Mohsen Naqafi pledged to address the concerns of American companies operating in Pakistan on a priority basis, especially in mining and information technology sectors. The confirmation was presented during a meeting with a delegation from the US Business Council in Pakistan in Washington. According to a statement issued by the Ministry of … Read more
Companies investing heavily in exploring for precious seabed minerals have urged the International Seabed Authority (ISA) to adopt long-awaited deep-sea mining regulations by 2025, highlighting concerns about the lack of a legal framework. Under UNCLOS, the Homeland Security Agency, based in Jamaica, is charged with protecting the seabed in areas beyond national jurisdiction and supervising … Read more
Special correspondent Dubai (UAE): The 26th edition of Intersec, the world’s largest business fair for security, safety and fire protection, will take place from 14 to 16 January 2025 at the Dubai World Trade Centre.This year, 8 Pakistani companies, under the patronage of Trade Development Authority of Pakistan (TDAP), are participating in the event to … Read more
French Ambassador to Pakistan Nicolas Jalli met with Energy Minister Owais Leghari to discuss the challenges faced by French independent energy producers operating in Pakistan. The meeting comes in the wake of the commitment made by Prime Minister Shehbaz Sharif to French President Emmanuel Macron during their bilateral meeting in Riyadh last month. The challenges … Read more
Austrian advocacy group Noyb filed a privacy complaint on Thursday against six Chinese companies, including TikTok, Shein and Xiaomi, alleging they are illegally sending EU user data to China. The group is seeking to impose fines of up to 4% of each company’s global revenue, and has filed six complaints in four European countries to … Read more
The European Commission is reevaluating its investigations into tech giants Apple, Meta and Alphabet’s Google, focusing on cases launched since March 2024 under the Digital Markets Act (DMA), the Financial Times reported on Tuesday. The review may narrow or modify the scope of investigations and may temporarily halt decisions and fines while technical work continues. … Read more