The Competition Commission of Pakistan (CCP) has issued show cause notices to 10 steel structure suppliers involved in procurement tenders floated by various Distribution Companies (DISCOs) for the alleged collusive bidding a, prima facie, violation of Section 4 of the Competition Act, 2010. The 10 undertakings include M/s. AM Associates (Pvt) Ltd, M/s. Ajmer Engineering … Read more
The Pakistan Stock Exchange Limited (PSX) has issued an alert to investors regarding the surge in fraudulent activities promoted through social media and WhatsApp groups under the guise of investment advice and training courses. The PSX said that the scammers may misuse the name of registered professionals or claim to be affiliated with a legitimate … Read more
Ten members of Pakistan Tehreek-e-Insaf (PTI) who were arrested during a late-night raid at the Parliament House earlier this week were presented in the National Assembly on Thursday, following the issuance of their production orders. The raid, which took place around 3 am on Tuesday, involved plainclothes personnel who cut the power supply and stormed … Read more
Federal Information Minister Ataullah Tarar speaks during a National Assembly on September 11, 2024. — Screengrab via Geo News Khawaja Asif terms arrival of masked men in parliament “shameful”. PTI’s Gohar stresses negotiation, finding a way out for the country. NA speaker opposes practice of non-issuance of production orders. In the aftermath of the alleged … Read more
BEIJING: China is strongly dissatisfied with and resolutely opposes the moves of the United States in manipulating Hong Kong-related issues and suppressing Hong Kong’s development, a Chinese foreign ministry spokesperson said on Wednesday. Spokesperson Mao Ning made the remarks at a regular press conference in response to the U.S. House of Representatives considering and passing … Read more
The Securities and Exchange Commission of Pakistan (SECP) has issued a Consultation Paper on areas of improvement in the public offering regime to foster capital formation. The requisite regulatory amendments will be finalized after receiving public feedback and stakeholder consensus. SECP firmly believes in and is a big advocate of making capital formation easier for … Read more
The Pakistan Stock Exchange (PSX) has issued notices to 21 companies following unusual movements in share prices and trading volumes. The exchange identified abnormal trading patterns across various sectors and sought explanations from the concerned companies. In the textile sector, Ruby Textile Mills Limited, Gulistan Spinning Mills Limited, Ali Asghar Textile Mills Limited, Suhail Jute … Read more
1725172467-0/BeFunky-(55)1725172467-0.jpg "UNICEF issues emergency call for Mpox vaccines Dtrends")
The United Nations Children’s Fund (UNICEF) has issued an emergency tender to secure mpox vaccines for crisis-hit countries in collaboration with the Gavi vaccine alliance, Africa CDC and the World Health Organization, the organizations said in a joint statement on Saturday. Depending on the production capacity of manufacturers, agreements for up to 12 million doses … Read more
Listen to article The Lahore High Court on Tuesday issued a stay order against the collection of fixed charges on electricity bills, following a petition filed by nine companies, including Flying Paper Mills. Justice Muhammad Raza Qureshi presided over the hearing, where the petitioners challenged the imposition of fixed charges by Lahore Electric Supply Company (LESCO). Representing … Read more
1724749340-0/Untitled-design-(2)1724749340-0.jpg "LHC issues notice to federal government over decision to close of utility stores Dtrends")
LAHORE: The Lahore High Court has issued notices to the federal government, the Secretary of the Cabinet Division, the Secretary of the Ministry of Law, and the Managing Director of Utility Stores as Justice Muhammad Raza Qureshi heard a petition against the decision to shut down utility stores across the country. The petitioner argued that he has been … Read more