Pakistan News

    Depository Financial Institutions In Pakistan Karachi

  • World's leading financial institutions have given Pakistan their vote of confidence: Hafeez Sheikh

    Adviser to the Prime Minister on Finance Dr Abdul Hafeez Sheikh on Tuesday said that the world's leading financial institutions had given Pakistan their vote of confidence and acknowledged the improvement over the past five months in its economic indicators...

    "The World Bank president came and appreciated Pakistan's performance and instructed that better ties with Pakistan be formed
  • Minister joins opposition in criticising financial institutions

    ISLAMABAD: Members of the National Assembly Standing Committee on Finance – including a cabinet minister – on Tuesday criticised government functionaries, while a majority of members decided to lodge a complaint against Finance Minister Ishaq Dar for not attending committee meetings...

    However, Privatisation Minister Daniyal Aziz’s outburst against his own government fizzled out when it was pointed out that he had been removed from the...
  • Senate body okays SECP, financial institutions bills

    ISLAMABAD: The Senate Standing Committee on Finance approved the Securities and Exchange Commission of Pakistan (Amendment) Bill 2016 and the Financial Institutions (Recovery of Finances) (Amendment) Bill 2016 on Tuesday, besides approving an amendment to the Credit Bureaus (Amendment) Ordinance 2016...

    These bills, already approved by the National Assembly, will now be forwarded to the Senate and, if approved, will need the presidential...
  • Need stressed to improve financial institutions

    ISLAMABAD: The Senate Standing Committee on Finance, Revenue and Privatisation on Wednesday stressed the need to improve performance and capacity of national financial institutions for economic development of the country...

    The committee said that there was a need to modernise the banking system and adopt professional approach to enhancing the performance and capacity of financial institutions
  • SECP to promote modarabas as Islamic financial institutions

    ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) aims to promote modarabas as pure Islamic financial institutions, SECP chairman Zafar-ul-Haq Hijazi said on Wednesday...

    In this regard, the entire regulatory framework for modarabas was reviewed and the Commission approved the concept paper for structural reforms to implement the concept of modaraba in its true spirit as enshrined in the Sharia, SECP said in a statement
  • Karachi students urge A-level institutions to devise policy against sexual harassment

    A group of students in Karachi are pushing for private A-level schools to come up with a policy on sexual harassment after several students shared their experiences on social media and criticised their institutions for alleged lack of initiative in taking action against perpetrators...

    The issue was brought to light on Facebook after several students accused their schools of failing to take sufficient action against fellow students...
  • Licenses of 25 Karachi educational institutions suspended for not following govt order

    The licenses of 25 private education institutes in Karachi that were open on Monday — despite the Sindh government's order a day earlier to close in light of the coronavirus outbreak — have been suspended...

    Sindh Chief Minister Syed Murad Ali Shah, while presiding over a meeting of the Task Force on coronavirus in Karachi on Sunday, had ordered to keep all educational institutions, including tuition and coaching centres, across the...
  • Turkey wants Pakistan to shut institutions run by Gulen

    ISLAMABAD: Ankara expects Pakistan to close down institutions run by Fethullah Gulen, the US-based religious leader accused of masterminding and backing the botched coup attempt in Turkey last week...

    “We have called on all friendly countries to prevent activities of this (Gulen’s) group,” Turkish Ambassador Sadik Babur Girgin said at a media briefing on the developments in Turkey after the failed attempt to topple the government
  • TTP trying to re-establish financial network in Karachi for renewed strikes

    KARACHI: While security officials claimed that they have eliminated the strongholds and infrastructure of the outlawed Tehreek-i-Taliban Pakistan (TTP) in Karachi, they are apprehensive about reports that the banned outfit was attempting to re-establish its financial network in the city in a bid to increase its capability to launch terrorist attacks...

    The officials also claimed that although the capability of banned Lashkar-i-Jhangvi...
  • Vohra seeks Karachi’s due financial share

    KARACHI: “The absence of a local body government for the last eight years has added to Karachi’s problems...

    It is ironic that 90 per cent of citizens here don’t pay municipality tax,” said deputy mayor of Karachi Arshad Vohra here on Wednesday
  • 5-day work week in FDE institutions

    ISLAMABAD: The Capital Administration and Development Division (CADD) on Monday restored two weekly off in the educational institutions working under the administrative control of Federal Directorate of Education (FDE)...

    “Now the educational institutions will observe five working days in a week,” said Khalid Hanif, Secretary CADD, while talking to Dawn
  • Revive institutions

    THE revival of the Ministry of Human Rights by the federal government and the appointment of chairperson of the Pakistan National Human Rights Commission augur well for the people...

    Both these institutions will hopefully set about quickly addressing the multilayered gaps in governance and the provision of social welfare services
  • Khursheed Shah sees rift between parliament, other institutions

    SUKKUR: Leader of the Opposition in the National Assembly Syed Khursheed Shah warned on Saturday that attempts were being made to cause a rift between parliament and state institutions...

    “Those who are trying to weaken parliament are not sincere with the nation,” he said while addressing a public meeting in Sukkur
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