MICHIGAN: The executive leadership of USA Gymnastics’ board of directors has resigned in the wake of the sexual abuse scandal involving former US team doctor Larry Nassar, the governing body announced Monday. Chairman…
LONDON: A British teenager managed to access the communications accounts of top US intelligence and security officials including the then CIA chief John Brennan, a London court heard on Friday (Jan 19).…
For the past one year, in order to streamline the process of security screening of the directors of foreign companies registered in Pakistan, the SECP has made it mandatory for directors of…
The enforcement department of the Securities and Exchange Commission of Pakistan (SECP) penalised a number of companies, their directors and statutory auditors for non compliance with the corporate laws and applicable accounting…
The Securities and Exchange Commission of Pakistan (SECP) drafted regulatory and punitive actions against companies, directors and auditors to safeguard the interests of investors. Addressing the abuse of powers by directors of…
A high profile United States Agency for International Development’s (USAID) team led by Ms. Melissa Knight, Director of Energy, visited Lahore Electric Supply Company (LESCO) headquarters to discuss with the Board of…
The Governing Board of Directors of the Karachi Stock Exchange (KSE) has decided to introduce a new 100-index free float benchmark that would run parallel with the existing full capitalization index at…
PIA’s 333rd Board of Directors Meeting was held at PIA Head Office today. Board considered and approved a 20 per cent increase in salary of employees in PG I to IV in…
Reprimanding the Federal Investigation Agency (FIA) for not registering cases against officials of National Bank of Pakistan (NBP) who misused Rs 2.5 billion from the bank’s Staff Welfare Fund, the Supreme Court…
The Supreme Court (SC) on Thursday issued notices to four directors of the Bank of Punjab’s (BoP) Board of Governors who had had obtained Rs 20 billion loans by misusing their authority.…
An accountability court on Tuesday extended the judicial remand of Kanal Motors directors Hafiz Usman Yousaf, Rana Qaisar Nazir, Mohsin Abbasi and Ahsan Abbasi until June 6. The accused collected more than…
Even as the competition began showing signs of life as the Cannes Film Festival moved through its first weekend and fourth full day, the 64th edition of the planet’s most famous cinematic…
Lahore Development Authority has suspended two assistant directors Rameen Choudhary and Roye Shajar Abbas and begun an inquiry against them for alleged embezzlement in diesel quota allocated for LDA vehicles. The relevant…
LAHORE – Lahore High Court (LHC) Justice Sheikh Azmat Saeed issued notice to the Punjab government on a petition challenging appointment of eight directors of Punjab Education Foundation (PEF) by the Punjab government.
Justice Azmat observed that the court would ensure implementation of merit policy. Muhammad & Ahmad, a public litigation firm, filed the petition through Muhammad Azhar Siddique, submitting that the PEF was established under Punjab Education Foundation Act 1991,
LAHORE – A petition was filed in the Lahore High Court on Tuesday challenging the appointment of eight directors of the Punjab Education Foundation (PEF) by the Punjab government.
The petition was filed by Muhammad & Ahmad, a public litigation firm. Petitioning Counsel Muhammad Azhar Siddique stated that PEF was first established under Punjab Education Foundation Act 1991 but the act was abolished and replaced by Punjab Education Foundation Act 2004 and subsequently PEF was also
KARACHI – Summit Bank Limited (SBL), which has acquired 59.34 percent of the total issued and paid-up capital of Mybank Limited (MBL), has co-opted at least seven new directors at the board of the MBL. The merger was finalised at the start of this year, in January, when shareholders of the two banks had given a green signal to their respective managements on the proposed amalgamation.
The SBL then acquired up to 314.701 million ordinary shares of the MBL at a rate of Rs 8.0 per
KARACHI – The Securities and Exchange Commission of Pakistan (SECP) has nominated high profile and experienced professionals from the financial and capital markets as directors on the Board of Lahore Stock Exchange (LSE) for 2011. The nominees are Nishat Group Group Director (Finance and Accounts) Aftab Ahmad Khan, Crosby Capital Pakistan (Private) Limited Chief Executive Mumtaz Hussain Syed, Trust Investment Bank Limited Chairman Asif Kamal, and Kohinoor Maple Leaf Group former Group
