Pakistan News

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  • 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...

  • BCCI proposes limited-over series with Pakistan in India

    The Board of Control for Cricket in India (BCCI) on Tuesday proposed a limited-over series with Pakistan, comprising five one-day and two Twenty20 internationals, but reiterated that the Indian team would not be travelling to Pakistan or UAE for the matches...

    However, since it’s not possible to play them in Pakistan or the UAE, we have to look at playing the series in Northern India in December,” BCCI chief Shashank Manohar told The...

  • Saudi-led troops in ‘limited Yemen deployment’

    ADEN: The Saudi-led coalition battling Houthi rebels in Yemen sent a ‘limited’ force to the city of Aden on Sunday, Yemeni sources said...

    “A limited coalition force entered Aden and another force is on its way”, a Yemeni government official in Aden said...

  • Senate clears limited liability partnership bill

    ISLAMABAD: The Senate on Wednesday approved the Limited Liability Partnership (LLP) Bill 2017, which is considered an updated and internationally acceptable business vehicle for entrepreneurs with limited capital...

    The proposed law is expected to fill the gaps between business firms such as sole proprietorships or partnerships, the liability of whose partners is unlimited, and the companies governed under the Companies Ordinance of...

  • ICJ’s limited jurisdiction

    India has approached the International Court of Justice seeking to stay the execution of Kulbhushan Jadhav...

    India has raised its claims before the court under Article 36 of the Vienna Convention on Consular Relations, which grants the right of consular access to a foreign national “who is in prison, custody or detention” and the optional protocol to the VCCR, which establishes the ICJ as the venue for resolving disputes under the...

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