SECP Releases Customized Checklists for NBFCs to Enhance Regulatory Compliance and Efficiency
In a move to facilitate stakeholders and enhance regulatory clarity and operational convenience, the Securities and Exchange Commission of Pakistan (SECP) has issued tailored checklists for each type of business conducted by Non-Banking Finance Companies (NBFCs). This initiative underscores SECP’s ongoing commitment to
NIC Peshawar and Invest2Innovate Launch KP’s First Angel Investor Network via Invest Lab
The National Incubation Center (NIC) Peshawar, in collaboration with Invest2Innovate (i2i), has successfully concluded Invest Lab, a transformative three-day investor education workshop that marks a major milestone in strengthening Khyber Pakhtunkhwa’s entrepreneurial ecosystem. In light of the Pakistan Startup Ecosystem Report (PSER) 2024,
Government Aims for $45 Billion in Remittances by Enhancing Skilled Immigration
The Ministry of Overseas Pakistanis and Human Resource Development (OP&HRD) plans to increase skilled immigration to 60 percent by 2027, aiming to boost annual remittances from $30 billion to $45 billion. Pakistan’s labor force stands at 72 million, with a 6.3 percent unemployment
Leading Real Estate group HR Properties join hands with Etihad Town
In a major move to reshape the real estate landscape, HR Properties, the trusted partner of Etihad Town, is now expanding its operations to Sialkot. Renowned for delivering secure, innovative, and profitable investment solutions in Lahore, HR Properties is bringing its expertise to
Minister Confirms Saudi Arabia Exploring $100M Investment in Pakistan’s Mining Sector
Saudi Mining Minister Bandar Alkhorayef told Reuters on Wednesday that Saudi Arabian mining company Manara Minerals was looking at investing in Balochistan’s Reko Diq mine. He added that the Saudi Development Fund could contribute over $100 million to Pakistan’s mining infrastructure. “Part of what we are
Refineries barred from adjusting tax
Amendment termed detrimental to refinery operations that will increase cost KARACHI: The government has barred oil refineries from adjusting the input tax paid on the purchase of crude oil to the sales tax on petrol, high-speed diesel, light diesel oil and kerosene –
Local, foreign firms to forge partnerships
Collaboration to help auto sector compete well in global market LAHORE: Local and international auto parts manufacturers have agreed to collaborate and in this regard several companies signed memoranda of understanding (MoUs) for future partnerships. These collaborations will help Pakistan’s auto sector to
National task force kicks off major reforms in electricity supply
Consumers will soon buy electricity from multiple suppliers, decreasing reliance on a single distributor The National Task Force has launched a series of reforms in the power sector, confirmed the chairman on Wednesday. Owais Laghari, the Chairman of the Task Force and Federal