Pakistan News

    Shikha Enterprises Hyderabad International Airport

  • 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...

    The data from the Panama Papers, available on the website of the International Consortium of Investigative Journalists — one of around 100 news organisations and 300 journalists that worked on...

  • 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 outgoing government could not resolve the growing problem of PSEs’ debts and it failed to address the issue of Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM) loaded with huge loans...

  • President Alvi attends inauguration ceremony of Istanbul Grand International Airport

    President Arif Alvi attended the inauguration ceremony of Istanbul Grand International Airport on Monday while on a three-day visit to Turkey at the invitation of President Recep Tayyip Erdogan...

    President Erdogan, while opening the airport ? which his government says will eventually become the largest in the world ? with great fanfare, said it would be "the pride of our country and an example to the world...

  • Sectarian tension in Hyderabad localities subsides

    HYDERABAD: Residents of Gujrati Para, Gulshan-i-Hamid and some other localities held a protest demonstration after Juma prayers against some statements made by the prayer leader of the Jama Masjid Rais, located in neighbouring Gulshan-i-Rais, a couple of days back...

  • Murder, rape convict executed in Hyderabad

    A man convicted of rape and murder was executed early Tuesday morning at the Hyderabad Central Prison...

    This is the first execution to take place in Hyderabad since 2015, when two death-row prisoners convicted for the 1998 hijacking of a PIA Fokker were executed in Karachi and Hyderabad jails...

  • Anti-drugs rally held in Hyderabad

    HYDERABAD: A rally against drugs was taken out by a number of students of public and private schools and colleges along with scores of police officials on Thursday...

    According to a Hyderabad police spokesperson, district police launched the anti-drug campaign from Nov 17 to 23 in collaboration with the Crime and Human Rights Cell set up at Hyderabad SSP office...

  • Three-day Sufi festival gets under way in Hyderabad

    HYDERABAD: A three-day festival titled ‘Sindh Sufi melo’ was inaugurated by by Sindh Senior Minister for Food and Parliamentary Affairs Nisar Ahmed Khuhro in Hyderabad Club on Sunday...

    Senator Aajiz Dhamra, Auqaf Minister Ghulam Shah Jillani, PPP Hyderabad district president Saghir Qureshi and information secretary Ahsan Abro were among the prominent figures who were present...

  • MQM-P activist Dr Naushad shot dead in Hyderabad

    A sector in-charge of Muttahida Qaumi Movement-Pakistan (MQM-P), Dr Naushad, was shot dead by unidentified assailants in Hyderabad on Wednesday, DawnNews reported...

    Residents of the area called police after spotting his body, which was subsequently shifted to Liaquat University Hospital, Hyderabad...

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