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According to the stock filing, Summit Bank Limited informed that it received a letter from the Chairman of the Nasser Abdulla Lootah Group, who is also the Chairman of the Summit Bank. Summit Bank has received a notification of interest from a Dubai-based investor HE Nasser Abdulla Hussain Lootah who has expressed his intention to acquire a controlling stake in the bank through fresh investment. I, Mr. Nasser Abdullah Hussain Lootah, am writing to explore the possibility of acquiring at least a controlling stake in Summit Bank Limited by subscribing to fresh equity in the bank. It is also envisaged that this equity injection enable the bank to with the minimum capital requirement and capital adequacy ratio requirements as required by the State Bank of Pakistan. In this regard, an exclusivity agreement has been shared with the board of directors for the confirmation that will ultimately give a green signal to the transactions for executing the deal. The Dubai-base...
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A dollar collapse is when the value of the US dollar plummets. Anyone who holds dollar-denominated assets will sell them at any cost. That includes foreign governments who own US Treasury . It also affects foreign exchange futures traders. Last but not least are individual investors. When the crash occurs, these parties will demand assets denominated in anything other than dollars. The collapse of the dollar means that everyone is trying to sell their dollar-denominated assets, and no one wants to buy them. This will drive the value of the dollar down to near zero.
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The Corona virus was created/produced in the UK laboratory, registered in the United States, and then routed to Wuhan's laboratory by Air Canada flight from the Canadian Laboratory. According to research, the use of the Corona Virus as a biological weapon was initiated by the Pirbright Institute in England. Bill Melinda Gates Foundation provide funds for this project. The Corna Virus was regularly patented by the Johns Hopkins Bloomberg School of Public Health in the United States. Its patent number was 10,10,701. The patent was terminated as soon as the first case was discovered in the United States in January. US-based Center for Disease Control and Prevention was conducted a practice in New York on October 18, 2019. The exercise was organized by the Bill & Melinda Gates Foundation, John Hopkins Center for Health Security in partnership with the World Economic Forum. The exercise, which was attended by parliamentarians, business leaders and health profes...
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آئیے آپ کو بتاتے ہیں کہ بھارت پاکستان کے ساتھ کس طرح جنگ چھیڑ چکا ہے اور اس جنگ میں بھارت کو مسلسل کامیابی مل رہی ہے جب کہ پاکستان کی عوام اور اس کے حکمران گھوڑے بیچ کر سو رہے ہیں۔ اور اس غلط فہمی میں چپ سادھ رکھی ہے کہ کونسا بھارت نے پاکستانکے خلاف میدان جنگ اپنی فوج اتار دی ہے۔ توقع کے عین مطابق عالمی بینک نے کشن گنگا ڈیم کی تعمیر پر پاکستان کی شکایات اور شواہد کو ناکافی قرار دے کر مسترد کر دیا ہے۔ یہ پاکستان کی بھارت سے سفارتی محاذ پر ایک بڑی شکست ہے۔ کشن گنگا ڈیم کی تعمیر 2009 میں شروع ہوئی جب پیپلز پارٹی کی حکومت تھی اور ن لیگ مضبوط اپوزیشن تھی۔2011 کے بعد دو سال تک یہ کیس عالمی عدالت میں چلتا رہا لیکن بالآخر عالمی ثالثی عدالت نے نہ صرف پاکستان کے اعتراضات مسترد کر دیے بلکہ بھارت کو پانی کا رخ موڑنے کی اجازت دے دی۔ یاد رہے کہ یہ وہ دور تھا جب بھارت کو پسندیدہ ترین ملک قرار دیا جارہا تھا اور خارجہ امور کا قلمدان بھی وزیر اعظم میاں نواز شریف کے پاس تھا۔ بھارت نوازی کی داستان صرف یہیں ختم نہیں ہوئی بلکہ دریائے سندھ پر تحقیق سے پتہ چلا کہ انڈیا نے ڈیم بنا کر دریائے سندھ کا سا...
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Freelancing is increasing in Pakistan with the ever-growing unemployment and the blooming trend of being you own boss. However, in Pakistan, Freelancers are paid less as compared to other countries. State Bank has increased Freelancers payment limit for freelance services in Information technology sector. The payment increased is five times of the present payment. SBP has issued a notice, yesterday in which the bank revealed that this decision is made in order to enhance the overall scope of the business through freelancing. Previously, the payment for freelance IT services was $5,000 which is not increased to $25,000 per month. By increasing this payments, SBP foresee that freelancers will become economically sound while foreign exchange flows in the country will also be improved. In this way Freelancers will be able to expand their business and will also be able to hire other individuals for the services. Well this is a big news for freelancers and people who are pla...
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