Tue. Apr 7th, 2020

Corporate Sector

A formal investigation by the Benami Transactions (Prohibition) Zone I Islamabad has been initiated against a company having 125,000 Kanals Land and 7 bank accounts registered thereon. Market value of the Benami assets that have been identified and provisionally attached so far is around...... Read More
ADB has suggested Pakistan, in a new study released on Monday, to make structural reforms for improving exports so that the economic growth rate of above 3.8% could be achieved. The study “Why Pakistan’s Economic Growth Continues to be Balance of Payments Constrained” says the growth needs an upgrade in the international..... Read More
On Tuesday, State Bank’s Governor Reza Baqir said through a press release that Pakistan’s outlook has been upgraded from negative to stable in Moody’s – an international credit rating agency. This is the result of policy makers’ tough decisions including exchange rate devaluation. The rating firm said that primary driver of rating action is....... Read More
Assistant Secretary of State Alice Wells says that United States is planning to send Pakistan fifteen trade delegations in the next year with a target to explore areas for expanding trade between US and Pakistan. Ms. Well was reading a paper at Washington think-tank, Wilson Centre last week. The paper mainly was about the CPEC ... Read More
World Bank has signed five loan agreements amounting $787 million with Pakistan for development projects, many of which are for Karachi uplift. Mr Noor Ahmed; secretary Economic Affairs Division, Patchamuthu Illangovan country director of World Bank signed the agreements. Signing ceremony was witnessed by the representatives... Read More
As an offer to settle an old dispute between the UAE-based Etisalat and the Pakistan Tele­com­munication Company Limited (PTCL); Pakistani Government has offered for deduction of about Rs. 9 billion ($60 million) from $800 million outstanding sale pro­ceeds of PTCL. Dr Abdul Hafeez Shaikh, Adviser to the Prime Min­ister on Finance... Read More