Sri Lanka seeks 10-year debt moratorium ahead of IMF bailout
COLOMBO: Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe's office said Monday on the eve of a...
Pakistan gets stay over $6bn fine in Reko Diq case
The World Bank’s International Centre for Settlement of Investment Disputes (ICSID) on Thursday granted a stay on enforcement of the massive penalty...
Diamond Industries restrained from using Master’s trademark ‘Papa Jaani’
Pakistan Electronic Media Regulatory Authority, through a notification, has directed all satellite television licencees to comply with the orders of the Intellectual...
Abraaj’s Naqvi sentenced to prison in absentia by UAE court
DUBAI: Arif Naqvi, founder of defunct Dubai-based private equity firm Abraaj Group, was sentenced in absentia to three years in prison by...
World Bank court orders Pakistan pay $5.8bn damages to Tethyan Copper
--The company maintains it had invested more than $220m in Reko Diq by the time Pakistan’s govt, in 2011, unexpectedly refused to...
NAB arrests Sindh Bank president, others in fake accounts case
The National Accountability Bureau (NAB) on Wednesday arrested the president, vice president, director and ex-president of Sindh Bank in the fake accounts...
Record-tampering case surfaces in SECP
ISLAMABAD: A record-tampering case has surfaced in the Securities of Exchange Commission of Pakistan (SECP), where two Pakistani directors of a registered...
Deceitful online vendors posing grave threat to e-commerce growth in Pakistan
ISLAMABAD: With the inception of modern technology in Pakistan, e-commerce has boomed in the country within a short span of time, but...
FBR initiates proceedings against undeclared benami assets
--‘Rs70bn collected through Assets Declaration Scheme’
The Federal Board of Revenue (FBR) has initiated proceedings against those who failed to declare their benami...
SECP issues draft rules for collateral management companies
ISLAMABAD: With an aim to promote electronic trading and
warehouse receipt financing of agricultural commodities, the Security Exchange
Commission of Pakistan (SECP) on Wednesday...
SC voids Royal Palm lease, orders PR to assume control
ISLAMABAD: The Supreme Court on Friday declared void the lease of railways land granted in 2001 for developing Royal Palm Golf And Country Club...
FBR barred from keeping taxpayer’s audit info secret
'How can a taxpayer defend himself during the audit process when parameters and reasons will not be disclosed to him?'
LAHORE: Putting the...
FBR forms committee to identify, remove anomalies in finance bill
Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has constituted an 'Anomaly Committee' to identify and remove the technical and legal anomalies...
‘Law ministry bound to act upon complaints of FBR, Asset Recovery Unit’
'The ministry on its own has no mechanism to look into the assets of any judge'
The Ministry of Law and Justice...
U.S., McKinsey & Co reach $15 million settlement over bankruptcy case disclosures
The department’s U.S. Trustee Program (USTP) alleged that McKinsey “made insufficient disclosures about its clients and investments in certain entities” connected to debtors that had hired the consulting firm for financial advice, the department said in a statement