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Operations against Encroachment in Islamabad

Islamabad, January 13, 2023 (PPI-OT):On the direction of Chairman CDA Captain (retired) Muhammad Usman Yunus, DG Enforcement gave orders to the anti-encroachment staff regarding anti-encroachment operations, as a result of which today across the city 20 kanals of land were demolished and 5 trucks of goods were confiscated. According to

Anti-Encroachment Operations

Islamabad, January 13, 2023 (PPI-OT):On the instructions of Chairman CDA Captain (retired) Muhammad Usman Yunus, DG Enforcement today issued orders to the anti-encroachment staff to take action against encroachments despite the heavy rain in Islamabad. As a result of which, many constructions across the city were demolished today and 5

PSQCA to increase Cross-Border Trade

Karachi, January 13, 2023 (PPI-OT):In pursuance of the decision made during the 24th Board of Directors Meeting of Pakistan Standards and Quality Control Authority (PSQCA) held on November 28, 2022 at PSQCA-Complex, Karachi under the Chairmanship of Federal Minister for Science and Technology, Government of Pakistan Mr. Agha Hassan Baloch.

Chairman CDA inaugurated the rainwater rechargeable well 

Islamabad, January 13, 2023 (PPI-OT):Chairman Capital Development Authority Captain (R) Muhammad Usman Younis on Tuesday inaugurated the rainwater rechargeable well-constructed in PMD Sector H-8/2. On this occasion, DG Water Management and other officers were also with him. Chairman CDA told that 100 recharge wells have been constructed at different places

SBP issues NOCs to five applicants for establishing Digital Banks 

Karachi, January 13, 2023 (PPI-OT):State Bank of Pakistan (SBP) has issued no objection certificates to the following five (05) applicants for establishing digital banks: (i) Easy Paisa DB (Telenor Pakistan B.V and Ali Pay Holding Ltd.)1 ; (ii) Hugo Bank (Getz Bros and Co., Atlas Consolidated Pte. Ltd. and M

Workers’ Remittances in December 2022 

Karachi, January 13, 2023 (PPI-OT):1. Workers’ remittances recorded an inflow of US$2.0 billion during Dec 22. 2. During Dec 2022, remittances decreased by 3.2 percent on m/m and by 19.0 percent on y/y basis. 3. With cumulative inflow of US$ 14.1 billion during H1FY23, the remittances decreased by 11.1 percent

SECP registers 2,374 new companies in December 2022 

Islamabad, January 13, 2023 (PPI-OT):The Securities and Exchange Commission of Pakistan (SECP) registered 2,374 new companies in December 2022. The total number of registered companies now stands at 183,744. Total capitalization (paid-up-capital) of these companies for the current month stands at Rs4.1 billion. Foreign investment has been reported in 85