US backs $2.4 billion American firm investment offer in Pakistan

In case Pakistan accepts the US offer, it may also help fast-track the installation of these systems President Donald Trump’s administration has backed a $2.4 billion investment offer by an American firm to install advanced security systems at major Pakistani airports to detect criminals and transnational threats. US Chargé d’Affaires to Pakistan Natalie A Baker has recently […]

Scam messages offering ships safe transit through Hormuz, security firm warns

Crypto scam exploits Hormuz crisis, tricking shipping firms with false promises of safe passage A vessel at the Strait of Hormuz, off the coast of Oman’s Musandam province. PHOTO: REUTERS Fraudulent messages promising safe passage through the Strait of Hormuz in exchange for cryptocurrency have been sent to some shipping companies whose vessels are stranded […]

Alibaba-backed BNPL firm gets SECP licence

Koko Tech to tap in to consumer financing for youth, freelancers and small businesses ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has granted a licence to Koko Tech Pakistan (Private) Limited (KTPL) to operate a Buy Now Pay Later (BNPL) business in Pakistan, according to an official statement issued on Tuesday. KTPL is owned by Alibaba.com Holdings, […]

Drap directs pharma firm to recall ‘substandard’ syrup – Pakistan

ISLAMABAD: The Drug Regulatory Authority of Pakistan (Drap) has directed a pharmaceutical company to recall a syrup, which is given to children to treat fever, from the market and has advised the health professionals not to prescribe it. The direction has been giving after getting a report from the federal government analyst Central Drugs Laboratory […]

Army-backed firm to get 52,000 acres of Sindh’s land for farming – Pakistan

• Sindh govt signs agreement with Green Corporate Initiative to hand over land in six cities for 20 years• Initiative aims to ‘modernise agriculture and ensure food security’ KARACHI: Despite reservations and resistance from nationalist parties, the caretaker Sindh government on Friday formally entered into an agreement with an army-backed company to give it over […]

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