Pakistan News

    Infotech Enterprises Reviews Hyderabad Telangana

  • 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...

  • SEZ enterprises seek an end to ‘backdoor’ taxes, equal treatment with Chinese investors

    5 per cent turnover tax on sales revenue of enterprises operating in the zones, whereas the owners of these enterprises say that they were promised their enterprises would be tax exempt when they made the decision to invest in these zones...

    In a third “reminder” letter sent on Aug 27, they told the FBR that “[o]ur decision to invest in an SEZ was based on the SEZ Act 2012 in which SEZ enterprises are ‘exempt from all taxes on income’...

  • Layoffs of state-owned enterprises employees to be resisted: Bilawal

    KARACHI: Pakistan Peoples Party chairman Bilawal Bhutto-Zardari has warned the Pakistan Tehreek-i-Insaf (PTI) government to stop conspiring against the workers and labourers employed by state-owned enterprises, adding that any layoff of government, semi-government or state corporation employees would be vehemently resisted...

    In a statement issued on Wednesday, the PPP chairman said Prime Minister Imran Khan and some of his cabinet...

  • Meeting reviews development agenda

    ISLAMABAD: Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz on Monday stressed the importance of translating the global Post-2015 Development Agenda into well-calibrated national targets...

    The adviser stated this while chairing an inter-ministerial meeting held at the Foreign Office to review the country’s preparations for the Post-2015 Development Agenda set to be adopted during the 70th Session of the United Nations...
  • CM reviews progress on Sahiwal coal power projects

    LAHORE: Chief Minister Shahbaz Sharif has said the two coal power projects are being set up in Sahiwal to generate 1,320MW electricity from them...

    Presiding over a meeting to review the progress of Sahiwal coal power projects here on Saturday, the chief minister said the promotion of industrial, trade and economic activities was essential for early elimination of energy crisis in the country
  • BBC reviews staff pay over gender gap

    LONDON: The BBC is reviewing employee pay after it was forced to reveal that male stars were paid far more than their female counterparts, damaging the British public broadcaster’s image and angering women employees...

    “These are difficult and often deep-rooted challenges, and they are not unique to the BBC, but I see this as a moment of real opportunity for us,” Director General Tony Hall said in a speech on Wednesday
  • Sindh apex committee reviews implementation of National Action Plan

    KARACHI: The Sindh apex committee meeting on Thursday, chaired by Chief Minister Syed Qaim Ali Shah, reviewed the implementation of decisions taken earlier regarding the ongoing security operation in Karachi and the National Action Plan (NAP)...

    Director General (DG) Rangers Major General Bilal Akbar briefed the committee on the ongoing security operation in the metropolis
  • More
Back to top