Business Recorder

Business Recorder is the largest financial newspaper in Pakistan and holds the distinction of being the first of its kind in the Muslim world. It is operated by the Business Recorder Group, which is recognized as one of the leading media organizations in South Asia.

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#39683

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#214

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Challenging JIT under PECA: IHC dismisses PTI leader’s plea

3 days ago | brecorder.com | Terence Sigamony

ISLAMABAD: The Islamabad High Court (IHC), Tuesday, dismissed Sheikh Waqas Akram’s petition challenging the Joint Investigation Team (JIT)’s notice issued to him under Prevention of Electronic Crimes Act, 2016. The JIT has summoned the Pakistan Tehreek-e-Insaf (PTI) leader to investigate about the party’s alleged social media campaign against the state institutions. The case was fixed before a single bench of Justice Inaam Ameen Minhas on Tuesday.
Section 30 of 1940 Act: SC explains court’s jurisdictional extent

3 days ago | brecorder.com | Terence Sigamony

ISLAMABAD: The arbitration is an autonomous and final forum, and judicial interference is permissible only in narrow and clearly defined circumstances envisaged by Section 30 of the 1940 Act; i.e., jurisdictional error, proven misconduct, or a patent legal mistake visible on the face of the record.
Neem enters logistics space with Leopards Courier Services partnership

4 days ago | brecorder.com | Saleha Riaz

Having dipped its toes in the insurance sector last month, embedded finance platform Neem has now entered the logistics space, partnering with Leopards Courier Services, one of the country’s largest courier and logistics group.
Dubai’s first tokenised real estate project signals ‘major transformation’ for property sector

4 days ago | brecorder.com | Saleha Riaz

Last week it was reported that Prypco Mint - the MENA’s first tokenised real estate investment platform backed by the Dubai Land Department (DLD) - saw its first property listing fully funded in one day, “setting a regional benchmark for speed, demand, and investor confidence.” The property attracted 224 investors from over 40 nationalities - 70% of whom entered Dubai’s real estate market for the first time - with an average investment amount of AED 10,714.
Sec 179(4) Customs Act: Power of FBR to grant extension ‘narrower’: SC

4 days ago | brecorder.com | Terence Sigamony

ISLAMABAD: The Supreme Court noted that the power of Federal Board of Revenue (FBR) under Section 179(4) of the Customs Act, 1969 to grant extension of time is much narrower and circumscribed. A three-judge bench, headed by Justice Munib Akhtar, ruled that while hearing an appeal of Director, Directorate General, Intelligence and Investigation (Customs) against the decision of the Sindh High Court (SHC), and dismissed it.
Karachi water crisis: Experts propose ‘sustainable’ solutions

6 days ago | brecorder.com | Muhammad Saqib

KARACHI: Pakistan’s largest city – Karachi - continues to face an escalating water crisis as growing demand, aging infrastructure and mismanagement threaten the livelihoods of millions of its residents. Experts, researchers, and stakeholders raised serious concerns over Karachi’s worsening water crisis. They were speaking at the ‘Rebuild Karachi’ seminar held at a local hotel. The event was organized by the Pakistan Engineer Forum.
SC suspends IHC order relating to enforcement of ICC London foreign arbitral awards

6 days ago | brecorder.com | Terence Sigamony

ISLAMABAD: The Supreme Court suspended the Islamabad High Court (IHC) order relating to enforcement of International Chamber of Commerce (ICC) London foreign arbitral awards. A two-judge bench comprising Justice Syed Mansoor Ali Shah and Justice Aqeel Ahmed Abbasi heard the appeals of Frontier Holdings Limited (petitioner) against an interim order of a division bench of the IHC.
Afridi leaves for Hajj: Justice Muneeb sworn in as acting CJP

1 week ago | brecorder.com | Terence Sigamony

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SC limits army courts’ powers under Constitution

1 week ago | brecorder.com | Terence Sigamony

ISLAMABAD: The Supreme Court declared that under Article 175 (3) of the Constitution, the courts martial and the forum of appeal under the Pakistan Army Act, 1952, have no jurisdiction to prosecute persons accused of clause (d) of the Act. Justice Jamal Khan Mandokhail on Friday issued his verdict on the intra-court appeals against the Supreme Court judgment on military courts.
Reserved seats: ECP says majority judgement premised on ‘erroneous conclusion’

1 week ago | brecorder.com | Terence Sigamony

ISLAMABAD: The Election Commission of Pakistan (ECP) submitted the majority judgement in the reserved seats case is premised on the erroneous conclusion that Pakistan Tehreek-e-Insaf (PTI) in addition to Sunni Ittehad Council(SIC) was before the Supreme Court of Pakistan (SC) and both sought allocation of the disputed reserved seats to “SIC or to PTI”.