Category: Pakistan

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) said it had registered 2,504 new companies in June 2021, showing a growth of 63 percent as compared to the corresponding period last year.

The total number of registered companies increased to 145,913. Ninety-nine percent of these were incorporated online and 45 percent applicants were issued registration certificates the same day, whereas 203 new foreign users were registered from overseas.

Of the newly registered companies, 65 percent were registered as private limited companies, 31 percent as single member companies and four percent as public unlisted companies, not for profit associations, foreign companies and limited liability partnership (LLP). Total capitalisation (paid-up-capital) of newly incorporated companies for the current month amounted to Rs3.3 billion. The construction and real estate sector took the lead with the incorporation of 474 companies.

LAHORE: The Secretary Housing took notice as WASA did not heed to the repeated warnings over underpasses dilapidated In a letter to the DG LDA it has been directed to complete the arrangements for maintenance of the underpasses immediately.

Earlier, the Housing Department had formed a four-member committee to review the arrangements for underpasses fitness in view of forthcoming monsoon rains as WASA had refused to take control of the underpasses and arrangements stayed incomplete.

BALOKI: Nine buffaloes worth Rs 3 million were killed in Baluki when they were electrocuted by high voltage wires.

Owners protested by blocking Rahbar Defense Road and demanded compensation from WAPDA. Protest ended when SHO Kahna Naw assured protesters to register an FIR. Wapda’s high voltage wires were lying close to ground which hit buffaloes in Baloki village.

LAHORE: The Lahore High Court (LHC) has directed judges of the district judiciary to avoid using social media. The directions were issued by the LHC registrar through a letter addressed to all district and sessions judges and judicial officers posted on ex-cadre. As per a letter issued on July 8, the authority had taken a strict notice of elements showing misconduct and bringing bad name to the institution and asked judicial officers to strictly comply with the directions. The letter stated that a judicial officer was supposed to lead a reserve life and he should avoid using facebook, Twitter , Instagram and other social media applications. It also stopped the officers from being included in any kind of “unofficial WhatsApp groups” and other “social media modes” , besides stopping any unauthorized sharing of any kind of privileged information. The use of mobile phones during court hours, apart from during intervals, was also prohibited, it added. The letter also stated that if any judicial officer used his influence for posting and transfer, then strict action would be taken against him. It also noted that disciplinary proceedings would be initiated over “off and on unnecessary visits to the Lahore High Court”. In hardship cases, prior permission from the LHC registrar was mandatory, it added. “Keeping and displaying a blue light on an official or private vehicle of any judicial officer, or putting green plates on private vehicles shall also amount to misconduct and shall be strictly dealt with. “The letter warned that disciplinary action would be taken against the judicial officer, if he was found violating the directions.

ISLAMABAD: In a special crackdown during last week, the Islamabad Police arrested 127 professional alms seekers and 17 handlers on the directions of SSP Operations Mustafa Tanvir to eliminate beggary from the federal capital, a news release on Friday said. The police teams were taking actions against such persons under supervision of Additional SP, Farhat Abbas Kazmi. The teams received information about the presence of beggars and their network through safe city cameras and other intelligence sources and kept them under vigilance. The nabbed persons used to pick up men, women and children from slum areas and drop them at various signals, residential areas and chowks in different vehicles for begging activities. Their handlers were getting share from the beggars and support them in case of any issue. Police have registered cases against all the accused under Act relating to human smuggling and Sections for involving women/children in begging activities.