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January 4, 2022

Sindh Likely to Close Schools and Colleges Again

The Government of Sindh is considering closing down schools and colleges in Karachi on account of the growing number of cases of the Omicron variant of the coronavirus.The Sindh Health Department announced in a statement on Tuesday that the authorities…

FATF Asks for Details on Business Persons Using Fake CNICs

The Financial Action Task Force (FATF) has sought the list of business persons registered with tax departments using forged CNIC. FBR has acquired some details about such business persons using forged CNICs, enabling money laundering.According to FBR s…

National Bank Audit Unearths Rs. 235 Billion Irregularities

The Auditor General of Pakistan (AGP) has unearthed massive irregularities in the National Bank of Pakistan (NBP) from 2012 to 2020, causing the national exchequer a loss of over Rs. 235 billion.According to details, the audit has been carried out by t…

Here’s How Much Funding Pakistani Startups Raised in 2021

2021 was a monumental year for the Pakistani startup ecosystem. A large number of startups raised multiple rounds in the year including the likes of Bazaar, Abhi, TAG, and many more helping the ecosystem raise 450 per cent more than 2020.Looking back a…

Rupee Starts 2022 With Losses Against the US Dollar

The Pakistani Rupee (PKR) has kicked off 2022 by reversing last week’s gains against the US Dollar (USD) in the interbank market today. It depreciated by 23 paisas against the greenback after hitting an intra-day high of Rs. 176.1 against the latter du…

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