In a groundbreaking move, the Securities and Exchange Commission of Pakistan (SECP) has issued a directive making it obligatory for auditors to incorporate the Unique Document Identification Number (UDIN) on all audit reports. This regulatory initiative aims to enhance transparency, accountability, and traceability in the audit process. The SECP’s decision to enforce the inclusion of…
In a significant development, the Pakistan Business Council (PBC) has expressed its support for the caretaker government’s decision to bifurcate the Federal Board of Revenue (FBR) and the Customs Department. This move, aimed at enhancing efficiency and streamlining operations, has garnered approval from the business community. The PBC, a prominent voice for the business sector,…
In a move aimed at fostering seamless communication and engagement, the State Bank of Pakistan (SBP) has officially launched its dedicated WhatsApp channel. This strategic initiative is designed to provide stakeholders, including individuals and businesses, with a direct and efficient channel for interacting with the central bank. The launch of the SBP’s official WhatsApp channel…
The Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) has announced a significant transition in leadership, with the elevation of Saud Minam, a prominent Pakistani in Fiji, as its new Chairman. Saud Minam, CEO of Fiji Development Bank, brings with him around 30 years of experience in the financial sector. He is…
In a significant downturn for the automotive industry, car sales in December witnessed a staggering 66% plunge, marking a concerning trend that industry analysts attribute to inflation and the challenges posed by unaffordable auto financing. The data paints a grim picture for the automotive sector, revealing a substantial contraction in consumer demand for cars. The…
In a proactive measure to elevate the efficiency of cross-border trade, Pakistan Customs has recently introduced significant amendments to the TIR (Transports Internationaux Routiers) rules. This strategic initiative is geared towards not only streamlining trade processes but also making them more cost-effective, providing a substantial boost to businesses engaged in international transport. The revised TIR…
FrieslandCampina Engro Pakistan announces the promotion of Ali Ahmed Khan to the position of President of the Middle East, Pakistan, and Africa (MEPA) region at FrieslandCampina. Ali’s exceptional leadership and visionary approach have been pivotal in his transformative tenure as Managing Director of FrieslandCampina Engro Pakistan (FCEPL). Under his guidance, FCEPL has experienced significant growth…
In a significant move for the Pakistani startup ecosystem, IT Minister Dr. Umar Saif officially launched the Rs. 2 billion Pakistan Startup Fund (PSF). The inauguration ceremony witnessed the presence of domestic and international venture capitalists, diplomats, and prominent tech companies. Dr. Umar Saif, along with Secretary IT Hasan Nasir Jami and Ignite CEO Asim…
In a groundbreaking move, the Federal Cabinet is on the verge of approving a pioneering mobile-phone-on-installment policy, presented by the Ministry of IT and Telecom. This transformative initiative, thoroughly reviewed by the Pakistan Telecommunication Authority (PTA) and vetted by the Ministry of Law and Justice, is poised to reshape how citizens acquire mobile phones. Sources…
In a significant move, Pakistan Embarks officially on ambitious satellite launch program with approval to the National Space Program 2047, signaling a determined commitment to advancing the country’s space activities. Exclusive details obtained by ProPakistani reveal that Pakistan is gearing up to launch a series of communication, remote sensing, and navigation satellites in the coming…
