SECP extends Companies Regularization Scheme to provide relief to businesses D_Trends

SECP extends Companies Regularization Scheme to provide relief to businesses D_Trends

The Securities and Exchange Commission of Pakistan (SECP) has extended the Companies Regularization Scheme by one month.  According to a press statement, the scheme will now be effective until October 15, 2024, providing defaulting companies with the opportunity to regularise their overdue filings without incurring late charges or penalties. To further streamline the process and … Read more

Traders’ strike disrupts major cities including capital; widespread closure of businesses D_Trends

Traders’ strike disrupts major cities including capital; widespread closure of businesses D_Trends

ISLAMABAD: In an unusual display of unity, traders, small businesses, and even several national clothing brands joined the shutter-down strike in the federal capital on Wednesday. Additionally, meat shops were closed for their weekly day off.  Unlike previous protests, this strike saw participation from tea stalls, local restaurants, and tandoors in response to the ‘Tajir … Read more

Businesses urged to expand exports to Malawi D_Trends

Businesses urged to expand exports to Malawi D_Trends

KARACHI: The Honorary Consul General of the Republic of Malawi, Abdullah Zaki, has urged Karachi’s business community to diversify their exports to Malawi by focusing on non-traditional items in high demand. This strategy, he urged, could significantly improve the currently low trade volume between the two countries and create a favourable trade balance for Pakistan. … Read more

Uproar as ‘firewall’ singes IT businesses D_Trends

Uproar as ‘firewall’ singes IT businesses D_Trends

ISLAMABAD: Several businesses and customers, who rely heavily on internet for their work, vociferously opposed the government’s decision to install a firewall on the internet that has resulted in the disruption across the country. The Pakistan Software Houses Association (P@SHA) as well as parliamentarians finally broke their silence and spoke against the firewall at a … Read more

PRA cracks down on non-compliant businesses D_Trends

PRA cracks down on non-compliant businesses D_Trends

The Punjab Revenue Authority (PRA) has launched a crackdown on business concerns that have failed to install the mandatory electronic invoice monitoring system (EIMS). Following directives from PRA Chairman Nauman Yusuf, more than 100 restaurants have been served show-cause notices for non-compliance. Additionally, the PRA has issued warnings to restaurants that have installed the system … Read more