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Saturday, July 5 2025

MCB’s New Strategy: Safe Bonds, Less Lending

Business Desk April 24, 2025

MCB Bank has released its first-quarter 2025 results, revealing a 10% year-on-year decline in pre-tax profits. However, staying consistent with […]

What’s Behind The PKR 1 Trillion Drop In Bank Deposits?

Web Desk January 27, 2025

Key drivers include tax reforms, declining interest rates, and strategic banking policies deposits in Pakistan’s banking sector have witnessed a […]

Powell’s Speech In Focus: Markets Steady With Yen Rise

Web Desk August 23, 2024

Asian markets exhibited caution on Friday, with shares fluctuating and the U.S. dollar recovering from its recent lows, as investors […]

Haris Shahzad of Social360.ai accused of content theft

June 8, 2025 Editorial

In an increasingly crowded digital landscape where content is king and creators often struggle for fair compensation, a recent accusation of intellectual property theft has ignited a conversation about ethical practices in the tech startup world. Waleed Ahmed Khan, a freelance writer and content creator, has publicly accused Haris Shahzad, the founder of the AI-powered […]

News

Habib Metropolitan Bank prevails: Lahore High Court curbs Consumer Court’s reach on legal fees

June 3, 2025 Nizam Khaskheli

The Lahore High Court has partially overturned a lower court’s decision, significantly curtailing the ability of consumer courts to award legal fees incurred in higher judicial forums. The ruling, issued on May 29, 2025, by Justice Malik Waqar Haider Awan, stems from an appeal filed by Habib Metropolitan Bank Pakistan Limited against a judgment by […]

News

Indus Motors Company Loses Embezzlement Appeal, Executive Acquitted

May 30, 2025 Nizam Khaskheli

In a significant blow to M/s Indus Motors Company Limited, the High Court of Sindh at Karachi today dismissed its appeal to overturn the acquittal of former senior executive Tariq Mehboob Cheema. Mr. Cheema, accused of criminal breach of trust and fraud causing losses of over Rs. 8.5 million, has been fully acquitted, with the […]

News

Priyanka Devi Acquitted in U.S. Visa Fraud Case: Court Cites Legal Flaws

May 30, 2025 Nizam Khaskheli

Today, the High Court of Sindh at Karachi acquitted Ms. Priyanka Devi of a conviction under Section 471 of the Pakistan Penal Code (PPC), which pertains to using a forged document as genuine. The decision overturns an earlier judgment by the Additional Sessions Judge-II, Karachi (South), which had upheld Ms. Devi’s conviction but altered her […]

News

Beach Luxury Holdings merger greenlit by High Court

May 29, 2025 Nizam Khaskheli

In a significant move for the Pakistani corporate landscape, the High Court of Sindh, Karachi, has sanctioned a complex Scheme of Amalgamation involving Beach Luxury Holdings (Pvt.) Ltd. and its associated companies, Spencer & Company (Pvt.) Ltd. and Physons (Pvt.) Ltd.. The order, issued on April 24, 2025, by Justice Adnan Iqbal Chaudhry, approves a […]

Business

National Foods Limited wins customs duty and sales tax exemption

May 28, 2025 Nizam Khaskheli

In a ruling that could ease the path for industrial development within its Special Economic Zones (SEZs), the High Court of Sindh at Karachi has sided with National Foods Limited, overturning earlier decisions that denied the company customs duty and sales tax exemptions on imported prefabricated building structures. The judgment, issued on May 12, 2025, […]

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