Pakistan News

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  • Aashir Azeem’s back, girls!

    Remember the famous 1990s PTV serial Dhuaan, which trailed a bit of a blaze in terms of executing a dram on television? Well, its writer and actor Ashir Azeem is back, and this time round he is aiming to make his presence felt on the silver screen...

  • Distressed enterprises need a better support mechanism

    On Sept 12 the senate passed the Corporate Rehabilitation Bill, 2017, to provide an institutional arrangement and legal process for the revival and rehabilitation of distressed companies...

    The legislation resembles American bankruptcy laws in terms of management arrangement, litigation during bankruptcy proceedings and access to fresh funds
  • Interest-free loans for small enterprises planned

    PESHAWAR: The business community and officials of Small and Medium Enterprise Development Authority (Smeda) have agreed on several points, including a proposal to establish a revolving fund for provision of interest-free loans to the small and medium enterprises in the provincial metropolis, in order to boost the local economy...

  • FBR issues notices to alleged owners of offshore enterprises

    ISLAMABAD: The Federal Board of Revenue (FBR) on Saturday issued notices to persons, who have been alleged of possessing offshore enterprises by the International Consortium of Investigative Journalists (ICIJ), said a statement issued by FBR...

    Mariam Nawaz is described as “the owner of British Virgin Islands-based firms Nielsen Enterprises Limited and Nescoll Limited, incorporated in 1994 and 1993”...

  • SBP redefines small, medium enterprises

    KARACHI: In a major move, the State Bank on Friday changed the definition of small and medium enterprises, while general reserve requirement against non-fund based small enterprises portfolio has been abolished...

    The SBP issued a detailed circular to all banks and development financial Institutions (DFIs) with amendments in prudential regulations for small enterprises (SEs) and medium enterprises (MEs)...

  • Credit to loss-making state-run enterprises up 45pc

    KARACHI: The loss-making public sector enterprises (PSEs) borrowed Rs115 billion during the first seven months of this fiscal year, reflecting the government’s utter failure to make them profitable...

    Recently, the International Monetary Fund has said that annual losses of ailing public sector enterprises swelled to 3...

  • Public enterprises eat up 3.5pc of GDP in debts

    KARACHI: The public sector enterprises’ (PSEs) debt has almost soared to Rs1 trillion at the end of third quarter of FY18, State Bank of Pakistan (SBP) reported in its latest issue of Statistical Bulletin for June...

    The debts of these enterprises reached 2...

  • Nawaz rejects Shujaat Azeem's resignation

    ISLAMABAD: Prime Minister Nawaz Sharif on Wednesday rejected the resignation of Shujaat Azeem, the special assistant to premier on aviation...

    A statement released by the PM Office said "the premier will not accept Azeem's resignation until Supreme Court of Pakistan delivers a verdict in the case against him"...

  • Haider Lehri, Asif Azeem win SFP polls

    KARACHI: Haider Khan Lehri and Asif Azeem were elected unopposed as the President and General Secretary of Softball Federation of Pakistan (SFP) for a four-year term during the polls held at the Karachi Gymkhana in the SFP’s general body meeting on Friday...

  • Former MQM MPA Irum Azeem Farooque says she is joining the PTI

    Former MPA Irum Azeem Farooque, who left the Muttahida Qaumi Movement (MQM) after party founder Altaf Hussain's August 22 diatribe last year, announced that she is joining the Pakistan Tehreek-i-Insaf (PTI) on Tuesday...

    Her family lives in the United States and she shuttles between Karachi and Houston frequently...

  • PM accepts resignation of Capt Azeem

    ISLAMABAD: Prime Mi­­n­ister Nawaz Sharif has accepted the resignation of Captain Shujaat Azeem, his Special Assistant on Avia­tion...

    Captain Azeem submitted his resignation in Decem­ber last year and has since been requesting the PM to accept it...

  • SC asks govt to explain Captain Azeem’s appointment

    However, the court stopped short of that and preferred, instead, to give the federal government the option of either immediately de-notifying the appointment of Shujaat Azeem as PM’s Special Adviser on Aviation, or explain why they acquired the services of a convicted man...

    A three-judge Supreme Court bench, headed by Justice Amir Hani Muslim, also took strong exception to the Shujaat Azeem’s service profile, provided by the federal...

  • SC restrains Azeem from playing role in PIA sale

    ISLAMABAD: The government’s move to privatise the national flag carrier suffered a major setback when the Supreme Court restrained Special Adviser to the PM on Aviation Shujaat Azeem to have any role in the sale process, within a week after the Pakistan International Airlines (PIA) was converted into a company...

    Mr Azeem, who earlier chose to quit as an adviser on aviation when his position was disputed in the SC, is required to...

  • Shujaat Azeem tenders resignation after Supreme Court's observation

    ISLAMABAD: The special assistant to prime minister on aviation, Shujaat Azeem, tendered his resignation on Monday from his post, after the Supreme Court had restrained him from taking part in the sale process of Pakistan Airlines International (PIA), reported Radio Pakistan...

    Also read: SC restrains Azeem from playing role in PIA saleThis is not the first time Azeem has resigned as he had earlier opted to quit as the adviser on...

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