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

    The parliamentary committee also saw bipartisan criticism of both the Federal Board of Revenue (FBR) and Securities and Exchange Commission of Pakistan (SECP) for not fulfilling their responsibilities with regard to various corruption scandals...

    He was supported by Pakistan Tehreek-i-Insaf’s (PTI) Asad Umar and Abdul Rashid Godil of the Mutahidda Qaumi Movement (MQM)...

  • 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...

    However, its mandate has continued to be enhanced through various amendments, such as floatation, management and regulation of...

  • 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...

    The proposed amendments, inter alia, include introduction of the concept of unlisted modarabas to facilitate new entrants and to help the Islamic financial services industry grow...

  • 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...

    "Sexual harassment, abuse and discrimination in Pakistan’s workplaces, including universities, is pervasive, and is mostly unreported and ignored by...

  • 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...

    In Pakistan, Gulen runs a network of about 21 schools and Rumi Forum, an intellectual and intercultural dialogue platform, in addition to having business stakes...

  • Pakistan Army vows to continue supporting national institutions

    The military's top brass on Monday expressed the resolve to continue supporting national institutions "as and when asked"...

    "Pakistan Army as [an] organ of the state will continue to support national institutions as and when asked as per [the] Constitution," the press release quoted the army chief as saying...

  • 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...

  • Pakistan wants the US's trust, not its financial assistance: COAS

    Pakistan does not want material or financial assistance from the US, but needs to be trusted and treated with respect, Chief of Army Staff (COAS) Gen Qamar Javed Bajwa told US Ambassador David Hale on Wednesday...

    While announcing the new Afghan policy ? which calls for greater troop deployment and Indian involvement in Afghanistan ? Trump had lambasted Pakistan for offering for offering safe havens to “agents of chaos”...

  • Glaring financial irregularities found in Pakistan’s UK mission

    ISLAMABAD: Federal auditors have pointed out a number of serious natures of financial and administrative irregularities in the books of the Pakistan High Commission in London, and its three consulates elsewhere in the United Kingdom...

    Financial irregularitiesThe audit report also revealed that there were serious anomalies in the revenue figures against passports registered at the Birmingham consulate over the issuance of visas, to...

  • ‘Pakistan shooters need financial boost’

    KARACHI: On the occasion of Pakistan Day, several sport shooters, a few of whom also happened be ladies, took part in the day-long Sindh Open Pistol and Rifle Shooting Competition held at the Arabian Sea Country Club Ltd on Wednesday...

    The competition, following International Sport Shooting Federation (ISSF) and National Rifle Association Pakistan (NRAP) rules, was held in the following categories: Big bore pistol for professional...

  • Pakistan Steel Mills financial woes continue

    KARACHI: As the financial health of Pakistan Steel Mills (PSM) continues to deteriorate, the grievances of its serving and retired employees have increased manifold — with no respite in sight any time soon...

    The staff of Pakistan Steel Mills — which falls under the federal government — has been deprived of the yearly pay hike for the last many years owing to the precarious financial condition of the mill...

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