Stockbrokers are going out of business in growing numbers as the brokerage industry faces consolidation amid an increasingly stern regulatory regime. As many as three brokers — formally known as Trading Right Entitlement Certificate (TREC) holders — either requested to surrender or successfully surrendered their trading rights on Tuesday, according to the Pakistan Stock Exchange (PSX). These
WHILE one part of the world remains immersed in territorial warfare — Russian tanks versus Ukrainian missiles — another attacker, which is not so much in the news, has been gaining strength over the years. As businesses increasingly operate digitally, computer hackers now wield weapons that have the potential to shut down billion-dollar enterprises, eradicating revenue and collecting the data of m
Jazz, Pakistan’s largest digital operator, launched Pakistan’s first 5G Innovation Hackathon on Tuesday in collaboration with the National University of Sciences and Technology (Nust), NITB, and Code for Pakistan (CfP). The groundbreaking initiative aims to harness the immense potential of 5G technology and other cutting-edge innovations to address critical challenges in Pakistan’s key sectors,
Pakistan and Germany on Tuesday signed the first draft of an agreement for the elimination of double taxation on income and the prevention of tax evasion between the two countries. The delegates of both countries met here for the first round from Sept 18-22 to reach broader parameters of the re-negotiations of the treaty. An official announcement said that the Federal Board of Revenue (FBR)
The Securities and Exchange Commission of Pakistan (SECP) has introduced amendments to the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Regulations 2020. The notified amendments aim to enhance the scope of regulations to effectively combat financial crimes, control money laundering and combat terror financing while ensuring the integrity of its financial system. The