A local accounting firm affiliated with a US firm is facing a court case for final adjudication for the inclusion of one of its members as partners. RSM, a US accounting firm, with Pakistani partners namely Avais-Hyder-Liaqat-Nauman for registering RSM- Avais-Hyder-Liaqat-Nauman in ICAP, Pakistan but one of its members—Nauman Mehmood challenged in a local court,…
Aftab Ahmed Islamabad: The government on Friday issued a notification to remove the chief executive officer (CEO) of Pakistan LNG Limited (PLL). The board of directors of Pakistan LNG Limited (PLL) in a meeting held on Thursday had taken the decision to remove Gilani following controversy over his appointment. The board had called an emergency…
Aftab Ahmed The board of directors of Pakistan LNG Limited (PLL) is set to remove the managing director of the company Adnan Gilani in an emergency meeting scheduled on Thursday (today). The board called an emergency meeting to accept the resignation of managing director PLL Adnan Gilani after Prime Minister Imran Khan had expressed concerns…
Aftab Ahmed Islamabad: UGDC has been trying to import LNG in Pakistan to provide retail outlets due to price difference between CNG and petrol. The government has allowed UGDC Pakistan to import LNG. However, bureaucratic hurdles are still making it unable to import LNG in Pakistan. UGDC Pakistan and K-Electric (KE) are going to emerge…
Aftab Ahmed Islamabad:The board of directors of Oil and Gas Development Company Limited (Ogdcl) has appointed PTI worker and former Chief Human Resource Telenor as Executive Director (Ed) Human Resource of state run country oil and gas explorer. After Asad Umar, PTI had a new business professional in its ranks – Muhammad Shoaib Baig, Chief…
Aftab Ahmed The board of directors of Oil and Gas Development Company Limited (OGDCL) formed by the PTI government has recommended names of controversial candidates to appoint the head of public sector oil and gas exploration company. This move is contrary to the campaign launched by PTI government Prime Minister Imran Khan to bring transparency…
Atif Abbas Islamabad: The US Tech giant-Amazon–has launched training series in a bid to capture market of Pakistan. Enablers Pakistan has launched an exclusive business training series in association with Amazon to facilitate local manufacturers and sellers looking for establishing an online business or grow their existing business globally using Amazon’s e-commerce platform. The training…
Aftab Ahmed The PTI government has approved Rs 1.14 billion supplementary grant for payment to the Capital Development Authority (CDA) on account of the privatization of Jinnah Convention Center, Islamabad. The previous government of Pakistan Muslim League-Nawaz (PML-N) had mulled over a plan of auctioning the convention center in 2014-15 in a bid to generate…
Aftab Ahmed The PTI government has decided to wind up Benazir Employees Stock Option Scheme (BESOS) and transfers Rs 28 billion stuck in Employees Empowerment Trust (EETs) to Federal Consolidated Fund (FCF) account. During the tenure of the Pakistan Peoples Party (PPP) on August 5, 2009, the cabinet had approved Benazir Employees Stock Option Scheme…
Aftab Ahmed Islamabad:It may be surprising that chief executive officer (CEO) of state-run gas trading company Pakistan LNG Limited (PLL) is also holding office of the President of virtual currency American Company, BitLeague. The companies involved in trading of virtual currencies, coins and tokens in Pakistan are banned and declared illegal. This is a digital…