2021 was a monumental year for the Pakistani startup ecosystem. A large number of startups raised multiple rounds in the year including the likes of Bazaar, Abhi, TAG, and many more helping the ecosystem raise 450 per cent more than 2020.Looking back a...
Read More »Monthly Archives: January 2022
IT Ministry Devises Strategic Framework for the Launch of 5G
Ministry of Information Technology and Telecommunications has devised strategic plans and guidelines for the launch of 5G in the country, proposing that various institutions should start working in this direction in their respective areas.The Ministry’...
Read More »National Bank Audit Unearths Rs. 235 Billion Irregularities
The Auditor General of Pakistan (AGP) has unearthed massive irregularities in the National Bank of Pakistan (NBP) from 2012 to 2020, causing the national exchequer a loss of over Rs. 235 billion.According to details, the audit has been carried out by t...
Read More »FATF Asks for Details on Business Persons Using Fake CNICs
The Financial Action Task Force (FATF) has sought the list of business persons registered with tax departments using forged CNIC. FBR has acquired some details about such business persons using forged CNICs, enabling money laundering.According to FBR s...
Read More »HBL’s Online System Goes Down For The Millionth Time
Habib Bank Limited (HBL), Pakistan’s largest and most profitable bank, has once again left its customers in a lurch with either interrupted or no service at branches, ATMs, online, and related mobile banking channels.The system of HBL has yet again col...
Read More »Here’s How Much PM Imran Khan Paid in Taxes in 2019
Prime Minister Imran Khan has paid Rs. 9.85 million in taxes, according to official numbers. Opposition leader Shahbaz Sharif paid Rs. 8.2 million in taxes. Asif Ali Zardari paid Rs. 2.2 million, while Bilawal Bhutto Zardari paid just Rs. 0.535 million...
Read More »PSX Listed Companies Paid Highest Dividends in 2021
The listed companies at the Pakistan Stock Exchange (PSX) paid the highest ever dividends of Rs. 499.84 billion in the calendar year 2021 (CY21), a staggering 87 percent higher than the CY20 figure of Rs. 267.608 billion.Finance Ministry spokesperson, ...
Read More »