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...
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...
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...
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...
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...
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
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...
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...
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...
Blackberry sues Facebook over messaging apps
OTTAWA: Canadian telecommunications firm BlackBerry sued Facebook on Tuesday, accusing the American social media company of infringing on its patents for messaging apps.
BlackBerry...
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...
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...
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...
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...