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...

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 and directed...

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 Federal Board...

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 in the...

‘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 is bound...

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

Mandviwalla says will prove Ali Siddiqui’s Air Blue investment in court

Senate deputy chairman had stated that appointment of Ali Siddiqui as advisor to PM was made after his investment of $20m in Khaqan...

Patent, copyright registrations on the rise in Pakistan

KARACHI: A steady surge has been noticed in the number of patent registrations and the copyrights applications received at the World Intellectual Property Rights...

Appointment of legal advisors: SECP achieves 85pc compliance 

ISLAMABAD: The Securities and Exchange Commission of Pakistan's (SECP’s) effective initiatives and measures have resulted in an 85 per cent compliance with the provisions...

CCP issues show cause notice to Neucon Pakistan for deceptive marketing practices

ISLAMABAD: The Competition Commission of Pakistan (CCP) has issued a Show Cause Notice to Neucon Pakistan for copying the packaging of Biofreeze Gel and...

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Pakistanis should expect substantial decrease in salaries in 2020

The people of Pakistan are the only nation in the Asia-Pacific who will record a substantial decrease in salaries made next year on the...

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Jordanian ambassador for cementing trade ties with Pakistan

ISLAMABAD: Ambassador of Jordan Ibrahim Yala Mohammad Almadani on Wednesday said that his country enjoyed good political and defence relations with Pakistan and urged...