Senators on Wednesday called for the abolition of ‘conflict of interest’ clauses in the laws regulating the State Bank of Pakistan (SBP) and the Securities and Exchange Commission of Pakistan (SECP), which allow their top brass to set their own salaries and benefits without government approval. At a meeting of the Senate Standing Committee on Finance and Revenue, chaired by Saleem Mandviwalla,
The government is committed to transforming small and medium enterprises (SMEs) into drivers of sustainable growth and key players in the ongoing industrial revolution, said Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan on Wednesday. He made these remarks during the first virtual conference of the D-8 Organisation for Economic Cooperation, which brought
US Secretary of State Marco Rubio said Wednesday he wanted constructive dialogue with China in a call with his counterpart, days after a major military parade brought together US adversaries in Beijing. In a telephone call with Foreign Minister Wang Yi, Rubio “emphasised the importance of open and constructive communication on a range of bilateral issues”, the State Department said. Rubio as
India is leaning towards not creating legislation to regulate cryptocurrencies in the country and instead will maintain partial oversight, fearing that bringing the digital assets into its mainstream financial system could raise systemic risks, a government document shows. The document, seen by Reuters, cites the Reserve Bank of India’s (RBI) view that, in practice, containing the risks of cryp
The Islamabad High Court (IHC) on Wednesday directed the Capital Development Authority (CDA) to provide a complete record of land allotted to private educational institutions in the federal capital, while hearing a petition against the transfer of a prime government plot to a private school operator. Justice Raja Inaam Ameen Minhas issued the order during proceedings on a petition filed by the