Pakistan News

    Razzak Enterprises Hyderabad Dewan Dividing Fractions

  • Five dead after gun battle in Garhi Dewan

    Five people lost their lives, including two children that succumbed to their injuries on Friday, as a result of bullet injuries sustained during a heavy exchange of fire between two groups over the petty issue of children’s fight in Garhi Dewan village near Larkana on May 25...

  • Dividing Supreme Court into benches challenged

    ISLAMABAD: The Supreme Court was requested on Tuesday to do away with the practice of splitting its strength into different benches because it was against the command of the constitution...

    The request was made through a petition moved by Advocate Mian Shafaqat Jan who said the practice under the Supreme Court Rules 1980 empowering the chief justice to constitute benches was illegal and against the constitution
  • Bestway plans to buy Dewan Cement plant

    KARACHI: Bestway Cement Ltd on Wednesday entered into a non-binding memorandum of understanding with Dewan Cement Ltd (DCL) for the proposed acquisition of its north plant, including land, production facility and mining leases/licences...

  • Footprints: Beyond the dividing line

    THE latest trend on British and American university campuses is to oppose so-called ‘cultural appropriation’...

    An increasingly influential offshoot of identity politics, cultural appropriation most often involves minority groups complaining that the majority is being oppressive by adopting elements of the minority’s culture
  • 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...

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