British Businesses Encouraged to Invest in Pakistan
British businesses have been encouraged to invest in Pakistan as part of an ongoing program of events run by the UK government to highlight new opportunities.
The webinar titled ‘Doing Business in Pakistan’ was held on April 29, 2021. It brought together three exceptional panelists who have welcomed the support offered by the UK’s Department for International Trade.
Ann Francke, Chief Executive of the Chartered Management Institute, Ash Ramzan, Principal Consultant at Woodley BioReg Limited, and Jag Grewal, Commercial Director at Omega Diagnostic, all wanted to share their experiences and inspire those who are looking for their next challenge.
Funder lays claim to Broadsheet’s US$29 million Pakistan award
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Broadsheet LLC faces legal claim from Cayman Island hedge fund
VR Global has claimed in its US filing that it gave Broadsheet US$6 million in 2017 through a legal contract in exchange for a “priority lien” over the proceeds of the arbitration against Pakistan
Broadsheet was hired by Pakistan more than two decades ago to trace assets belonging to Nawaz Sharif
LONDON: The Broadsheet LLC is facing a legal claim for almost the full award amount of around $29 million from the Pakistan government, from a Cayman Island hedge fund that provided funds to Broadsheet’s lawyers to finance arbitration proceedings against Pakistan at the London High Court’s Financial Division and a court in the Isle of Man has prevented the Broadsheet liquidator from distributing monies to Broadsheet’s creditors unless a decision is made on the application by the funder, according to court papers reviewed by
Rs15,000, Rs7,500 prize bond to be discontinued: notification
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A picture of various government issued prize bonds. Photo: File
Notification says government will no longer hold draws for the Rs 7,500 and Rs 15,000 bond.
Notification says Rs15,000 bonds will no longer be cashable after June 30
Notification says Rs7,500 bonds can only be encashed till December 31.
The government on Thursday announced that it will be discontinuing the use of Rs15,000 and Rs7,500 bonds, according to a notification issued by the federal government.
The notification stated that the government will no longer hold draws for the two bonds.
The government said that Rs 15,000 bonds will no longer be cashable after June 30 and the Rs7,500 bonds can only be encashed till December 31.
Govt announces discontinuation of Rs15,000 and Rs7,500 bonds
Business
Thu, Apr 29, 2021
A notification issued by the federal government on Thursday showed that the Rs15,000 and Rs7,500 bonds will be discontinued.
The notification stated that the government will no longer hold draws for the two bonds.
The government said that Rs 15,000 bonds will no longer be cashable after June 30 and the Rs7,500 bonds can only be encashed till December 31.
The notification stated that people who do not wish to cash the bonds can pay an additional amount and convert them into Rs25,000 and Rs40,000 bonds. It also stated that the users can convert those bonds into special savings and defence saving certificates.