In order to face the challenges posed by other companies, an enhanced closure regime for employers and members of those companies has been given under the Draft Companies Bill that the federal cabinet will permit on Wednesday, announced Finance Minister Ishaq Dar on Monday.
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conditions penalties have been open in case companies give wrong information or do not give such details, Dar told a news conference.
This move coincides with the Pakistan Tehreek-e-Insaf’s threat to close the capital on November 2 over the government’s failure result to act against those whose names have seen in the Panama leaks despite the time of seven months.
Dar also revealed that Standard & Poor’s — an international credit rating agency — has betterPakistan’s long-term policy rating from B-negative (B-) to B with the stable result. “This comes as a result of the government’s better policymaking, a strong working of the economy and good future for the country’s fiscal and external positions,” he says.