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Saudi Group to invest in Retail Oil Sector in Pakistan ISLAMABAD   (   WEB  NEWS  ) In a recent development, Saudi Group Asyad Holding through UAE-based Wafi Energy Holding Limited has acquired 77.42% shareholdings and control of Shell Pakistan Limited. The Competition Commission of Pakistan (CCP) has approved the acquisition underRead More →

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  ISLAMABAD   (  WEB  NEWS   ) Pakistan’s top military brass on Friday raised concerns over “unwarranted” criticism of a newly announced operation against militant violence in the country, saying it would assist the government in addressing all security-related challenges undermining investor confidence. The military’s media wing, Inter-Services Public Relations (ISPR),Read More →

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ISLAMABAD  (  WEB  NEWS  ) The government said on Friday it was consulting coalition partners about convening an all-parties conference (APC) to discuss a recently announced military operation, Azm-e-Istehkam or Resolve for Stability, as former prime minister Imran Khan said his party would participate to find out more about it.Read More →

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Pakistan-US has a deep-rooted history of collaboration and partnership: ICCI President ISLAMABAD (  WEB  NEWS   ) Pakistan and the United States have a long history of partnership and cooperation, and both have always worked to strengthen it with each passing day. This has been stated by Ahsan Zafar Bakhtawari, PresidentRead More →

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In: Broadband / Internet
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FORNEBU   (   WEB  NEWS   ) In June, Telenor established the cybersecurity company Telenor Cyberdefence. Now, Telenor Cyberdefence is acquiring Combitech AS (formerly Watchcom Security Group), which will become part of Telenor’s new cybersecurity company. The acquisition strengthens Telenor Cyberdefence’s position as a leading provider of cybersecurity solutions to private andRead More →

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In: Banking Sector
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Group CEO of Standard Chartered Bank Bill Winters Visits OICCI, Highlights Economic Challenges and Opportunities KARACHI  (  WEB  NEWS  ) Bill Winters, Group CEO of Standard Chartered Bank (SCB), visited the Overseas Investors Chamber of Commerce and Industry (OICCI) on Friday. During an interactive session with the top executives ofRead More →

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LHC Upholds CCP Powers to Conduct Enquiry in another Case ISLAMABAD  (  WEB  NEWS  ) The  Lahore High Court vide Order dated 29-05-2024 has vacated a stay order that it had earlier granted to four poultry feed manufacturers against the show cause notices issued by the Competition Commission of PakistanRead More →

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In: Social Media
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Meta Drives Conversations on Responsible Content Creation with the Pakistani Facebook Community ISLAMABAD  (  WEB  NEWS  ) Meta has collaborated with Ali Gul Pir – Pakistani content creator and comedian – to host a four-episode weekly podcast #CreatewithCare. It has been designed to foster candid conversations with the Facebook communityRead More →

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Only 2.5 million people out of over 240 million people filed income tax returns two years ago in 2022 Pakistan is struggling to increase revenue base but is hampered by largely undocumented economy KARACHI (  WEB  NEWS   ) Pakistan’s tax authority said Thursday it has blocked 210,000 SIM cards ofRead More →

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Emergency consultation meeting on the impact of fiscal budget 2024 at Rawalpindi Chamber of Commerce In the meeting, there was deep concern over tax hikes and anti-business measures in the budget A Nationwide Shutdown and Protest Charter of Demand will be presented, the meeting will be attended by representatives ofRead More →

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In: Banking Sector
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BOP Expanding its Horizons to Go Global: New Offices Planned in UAE and Bahrain LAHORE   (  WEB  NEWS  ) The Bank of Punjab (BOP) is thrilled to announce a significant milestone in its strategic expansion plan. In a recent Board of Directors meeting held on July 1, 2024, the decisionRead More →

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Pakistan petroleum union announces strike against new tax from July 5, government rejects ‘blackmailing’ The revenue collection target for the new fiscal year is almost 40 percent higher than the last fiscal year. ISLAMABAD  (   WEB  NEWS  ) The Pakistan Petroleum Dealers Association (PPDA) have announced it would close petrolRead More →