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KARACHI: 24 April 2025 The Federal Board of Revenue (FBR) has intensified its crackdown against tax evaders and has now registered a First Information Report (FIR) against internationally acclaimed fashion designer Nomi Ansari in a case involving Rs 1.25 billion sales tax fraud. According to sources, the Corporate Tax Office Karachi, under the FBR, launched…
KARACHI April 16, 2025:Pakistan Stock Exchange (PSX) welcomed a high-profile delegation of Malaysian Shariah Advisors and Islamic finance professionals, reaffirming the shared vision of deepening cross-border cooperation and advancing Shariah-compliant capital markets. The distinguished guests were received with warmth and honor by PSX Chairperson Dr. Shamshad Akhtar, Managing Director and CEO Mr. Farrukh H. Sabzwari,…
KARACHI: Standard Chartered Bank Pakistan has announced the appointment of Raeda Latif as the Executive Director – Country Head, Corporate, Commercial & Institutional Banking (CABM) Pakistan. With over 20 years of leadership experience in investment banking, capital markets, and strategic marketing, Latif has played a key role in shaping financial strategies and guiding corporations on…
Protect Your Money with Smart Investment Decisions Investing can be a great way to grow wealth, but its essential to differentiate betweenlegitimate opportunities and fraudulent schemes. Authorities such as SECP, PEMRA, PTA, FIA, and NAB urge citizens to be cautious and take the necessary steps to avoid financial fraud. How to Identify Genuine Investments and…
Indus Motor Company (IMC) has announced a remarkable financial performance for the half-year ended December 31, 2024, showcasing significant growth in key financial indicators. The companys net sales turnover surged by 67% to Rs. 84.88 billion, compared to Rs. 50.91 billion in the same period last year. This impressive increase was primarily driven by higher…
Google has officially launched its new service, Google Wallet, in Pakistan, aiming to provide users with a secure and convenient digital payment solution. This initiative marks a significant step toward enhancing digital banking and electronic transactions in the country. Farhan Qureshi, Google Pakistans Country Director, stated that Google Wallet will allow users to store various…
Ramadan, a sacred month of reflection, unity, and generosity, is being observed with great devotion across the globe. As part of its commitment to employee welfare, Merit Packaging has initiated the Ramadan Ration Distribution Drive 2025, a thoughtful initiative aimed at supporting its workforce during this holy month. The company organized the distribution of essential…
In the Pakistan Stock Exchange (PSX), traders often encounter price movements that can either bebreakouts or fakeouts. Both involve a price moving beyond a key level of support or resistance, but their implications are different. Understanding the difference between the two can help investors make better trading decisions. Breakout in PSX Definition Abreakoutoccurs when the…
March 10, 2025:The State Bank of Pakistan (SBP) has announced its decision to maintain the policy rate at12.0%, as per the latest Monetary Policy Committee (MPC) meeting held on March 10, 2025. According to the SBP, inflation in February 2025 was lower than expected, primarily due to a decline in food and energy prices. However,…
Saylani Mass IT Training (SMIT), a project of Saylani Welfare International, continues its mission of equipping youth with world-class IT education. Graphic designerKashan Adnanrecently unveiled a series of posters highlighting the diverse courses offered atSMIT Paposh, aimed at preparing students for careers in the rapidly evolving tech industry. With a curriculum coveringWeb and App Development,…
Karachi: The stock market witnessed a series of significant dividend, bonus, and rights issue announcements from major companies, impacting investor sentiment and trading strategies. Several firms have disclosed their payout details, with ex-dividend dates ranging from early March to late April 2025. Major Announcements: Dividend Payouts: Several companies have declaredinterim (i)andfinal (F)dividends across various sectors….
Karachi: The Federal Investigation Agency (FIA) Corporate Crime Circle has arrested Atif Ahmed Khan, the husband of renowned actress and model Nadia Hussain, in connection with a massive financial fraud case amounting to Rs539 million. According to FIA officials, Atif Ahmed Khan was taken into custody during a raid at his residence in Karachi. The…
KARACHI: Governor Sindh Kamran Khan Tessori held a meeting with Ameen Rajput, the Managing Director of Sui Southern Gas Company (SSGC), to discuss the ongoing gas supply issues in the city. The discussion focused on the unavailability of gas, especially during SehriandIftarhours, as well as ensuring uninterrupted gas supply to industrial areas. Governor Sindh emphasized…
Some people dont just live their lives; they write history. One such trailblazer is Sultana Siddiqui, a visionary who not only carved a place for herself in Pakistans media industry but also transformed its identity. Her journey began in1974, when she knocked on the doors ofPTVwith a passion for creativity and a determination to make…
In the true spirit ofRamadan,Zafa Pharmaceuticalshas once again demonstrated its commitment tocompassion and givingthrough its annualCSR Ramadan Drive. Under the leadership ofChairman Mr. Jawad Amin Khan, the company distributed essential food packages across Pakistan, ensuring that struggling families receive much-needed support during the holy month. This initiative aligns with Zafa Pharmaceuticals core belief“Medicines for All”extending…
Karachi, Pakistan – Senior Vice President Zia ul Arfeen and Vice President Faisal Khalil Ahmed of the Karachi Chamber of Commerce & Industry (KCCI) convened a meeting with staff from the UAE Consulate at the KCCI headquarters. The meeting aimed to foster stronger ties between the business communities of Karachi and the UAE, exploring avenues…
Karachi:The Pakistan Stock Exchange (PSX) recently welcomed a high-profile delegation of Iraqi scholars from the Scientific Foundation for Financial Transactions (SFFT Iraq) to explore opportunities for collaboration in Islamic finance. The visit, facilitated by the Al-Sadiq (AS) Institute, Karachi, aimed to enhance the development of Islamic capital markets in both countries. During the visit, PSXs…
Image Pakistan, a leading fashion brand known for its blend of high-quality design and affordability, has rapidly gained traction in the Pakistani market and is now making waves on the international stage. Since its inception in July 2015, Image has strategically positioned itself within Pakistan’s evolving retail landscape. The brand has established a strong physical…