By Wajid Ali Syed in The News, Oct 01, 2023WASHINGTON: A group of Pakistan’s top private business executives concluded their two-day visit to the US during which they met with American trade and treasury officials as well as high-ups of various financial institutions. The eight-member delegation included Lucky Group’s CEO Mohammad Ali Tabba, TPL’s CEO Ali Jameel, HBL Chairman Sultan Ali Allana and HBL’s CEO Muhammad Aurangzeb, Engro Corp’s Samad Dawood, Atlas Honda’s CEO Saquib…
Posts tagged as “financial”
Report Business Recorder, Sept 5th, 2023KARACHI: Majority of Pakistan’s businesses are “not hopeful at all” about the ability of caretaker Prime Minister Anwaar-ul-Haq Kakar to save the country from a potential default on its international financial obligations, shows a latest survey. The 72 percent of more than 500 businesses surveyed in the second quarter of 2023 by Gallup Pakistan were found concerned over the country’s potential default. The survey results come despite Islamabad’s success in…
report in Dhaka Tribune, Aug 23, 2023Bangladesh Financial Intelligence Unit (BFIU), a financial intelligence agency that works to prevent money laundering and terrorist financing, in a directive on Tuesday asked all to stop business and financial relations with the banned militant organization Jama’atul Ansar Fil Hindal Sharqiya. After the militant organization was banned by the government, the BFIU issued the directive, adding that any business relationship with this organization is ordered to stop or face…
report in The Island, Aug 18, 2023Wang Yi, Director of the Office of the Foreign Affairs Commission of the Communist Party of China (CPC) Central Committee, (and Foreign Minister) said, on Wednesday, that China would help Sri Lanka effectively address the challenges of financial debt. Wang, also a member of the Political Bureau of the CPC Central Committee, said so during a meeting with Sri Lankan Prime Minister Dinesh Gunawardena on the sidelines of the…
report in The Island, July 15, 2023Leader of the Tamil Progressive Alliance (TPA), MP Mano Ganesan on Friday said that his party did not want political support from India’s Modi government for the Hill Country Tamils.What the TPA wanted was social progress assistance from Modi, Ganesan said. Ganesan said in a tweet that his party had submitted a request to High Commissioner of India in Sri Lanka Gopal Baglay earlier this year, for a Teacher…
By Damith Wickremasekara in The Sunday Times, July 9, 2023President Ranil Wickremesinghe is set to make an official visit to China in October, his first to that country since becoming the Head of State last year. According to Government sources his main role will be to look for new investments, reach trade agreements and resume funding for stalled projects. Expediting investments for the Colombo Port Financial City and discussions with the Exim Bank on resuming…
By Rathindra Kuruwita in The Island, June 24, 2023 Those operating pyramid schemes often target particular geographical locations where the financial literacy of the people is low, police spokesman, SSP Nihal Thalduwa says. He said that the CID had recently busted a pyramid scheme called Sports Chain, through which peolpe had been cheated out of Rs 15 billion, and arrested eight people. “This scheme was carried out in Anuradhapura, Polonnaruwa and Kurunegala, and then it…
By Fidel Rahmati in Khaama Press, May 30, 2023Several related economic activities are involved in Afghanistan drug trafficking. Cartels maintain a symbiotic relationship with the Taliban by giving farmers advances to plant ephedra and opium while providing the financial assistance necessary to keep the jihadist proto-state alive. These cartels use Pakistani sources to facilitate the acquisition of chemicals required to produce drugs. In addition, diverse nationalities are used as hostages until their cartels can afford…
By Banafsha Binesh in TOLOnews, May 15, 2023 at 8:31 PMTOLOnews has seen documents provided as evidence of discrepancies in financial records and alleged corruption at the Afghan embassy in India. In one of the documents, a head of an Indian company claimed that the Afghan embassy in Delhi leased him two properties of the embassy and an empty lot identified as “Chaman.” The document indicates that on December 14, 2022, an Indian named Vivek…
report in adaderana.lk, Apr 1, 2023 at 11:50 pmSri Lanka Police have arrested 28 Chinese nationals who were involved in online financial fraud. Among the suspects were five Chinese women. The police found five laptops, and several smartphones on the suspects at the time of the arrest. After being informed by the INTERPOL about the group of scammers, local law enforcement authorities swung into action and apprehended the suspects who were staying at a tourist…
report in adaderana.lk, Apr 1, 2023 at 11:50 pmSri Lanka Police have arrested 28 Chinese nationals who were involved in online financial fraud. Among the suspects were five Chinese women. The police found five laptops, and several smartphones on the suspects at the time of the arrest. After being informed by the INTERPOL about the group of scammers, local law enforcement authorities swung into action and apprehended the suspects who were staying at a tourist…