Pakistan Revenue
Financial Action Task Force (FATF) on Friday decided to remove Pakistan from grey list after the country made compliance with the conditions. FATF is the world’s money laundering and terror-financing watchdog. It said that Pakistan has been removed from the grey list and is no longer subject to its increased monitoring process. The Paris-based inter-governmental […]
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Plenary meeting of the FATF ends on Friday and a decision regarding Pakistan, whether to remove from grey list or not, is expected to be announced. “We expect Pakistan to be taken off the grey list by the FATF amid the progress Pakistan has made so far against money laundering and terrorist financing (AML/CFT) in […]
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ISLAMABAD: Finance Minister Mohammad Ishaq Dar on Wednesday said there was no question of Pakistan going into default as the same had been averted, though at a very high political cost. “I want to give a message to markets through this conference… no need to get nervous, we are back to business, Insha’Allah we will […]
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KARACHI: Uber announced to halt operations in Karachi, Multan, Faisalabad, Peshawar and Islamabad. The subsidiary brand of Uber, Careem will continue to operate in these cities. The Uber services will be continued in Lahore. The press release issued by Uber stated that we have made the decision to no longer operate the Uber App in […]
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SINGAPORE: Moody’s Investors Service on Thursday downgraded the government of Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa1 from B3. The global rating agency also downgraded the rating for the senior unsecured MTN programme to (P) Caa1 from (P)B3. The outlook remains negative. It said that the decision to downgrade […]
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KARACHI: Lucky Cement Limited (PSX: LUCK) won the Management Association of Pakistan’s Corporate Excellence Award in the Cement Sector category.
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ISLAMABAD: While transitioning from the exam-centred to learning based approach, the Ministry of Federal Education & Professional Training’s (MoFEPT) STEAM Pakistan program is focused on improving conceptual understanding and analytical skills of school children across the country, with a specific focus on girls’ education. Launched in early 2022, the program has already started its interventions […]
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KARACHI: FrieslandCampina has partnered with the World Wide Fund for Nature (WWF-Pakistan) on a tree plantation initiative to increase local resilience to the impact of climate change and increase tree cover. The collaboration will focus on the plantation of indigenous trees to help combat pollution, deforestation, and urban flooding. Under the partnership, FCEPL team planted […]
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KARACHI: Honda Atlas Cars (Pakistan) Limited on Monday announced to suspend production due to prevailing economic conditions in the country. In a communication received by Pakistan Stock Exchange (PSX), the car manufacturer stated that considering the current economic situation of the country, the government had restored to stringent measures including minimizing the import of Completely […]
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Pakistan is set to review petroleum prices on September 30, 2022 for the next fortnight starting from October 01, 2022. The government will review the prices when the prices in international markets have been crashed to multi months low. According to Reuters news agency oil prices fell $2 a barrel a day earlier, settling at […]
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