Can FIA seal business Karachi?
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In the 180s, the British East India Company established a base in Karachi, Pakistan’s largest port city, due to its strategic location on the Arabian Sea. British traders had previously set up a base in Karachi, in 1798, to operate the Karachi Sweets and Tobacco Company. learn the facts here now Fast forward to today, with a population of around 12 million, and the city has emerged as Pakistan’s second largest economic hub and is home to the country’s largest airport, Jinnah
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FIA (The Federal Investigation Agency) is trying to seal the business and property in Karachi. They have raided many business houses and properties. Many businessmen and shareholders have lost their entire business and investments. The people of Karachi have expressed their anger and displeasure on this act of the law enforcing agency of the country. They are demanding to know why such a big and powerful organization like FIA is targeting such an ordinary business and property in Karachi. I know this is not a law firm, nor I work
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In Karachi and across Pakistan, lawyers have become increasingly reliant on foreign law firms to perform their work for them. These are some of the reasons for this growing dependence on international lawyers: 1. Costly Legal Proceedings While some lawyers in Karachi still do have their own law firms, these days a large part of their work involves filing criminal and commercial lawsuits in court, and dealing with the various authorities. Foreign law firms that provide these services can charge much higher fees than Karachi-based
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FIA (Federal Investigation Agency) has started sealing business premises of businessmen across Karachi, in view of various corruption cases and fraud. The officials have not even given any prior notice. The seal is being done on the basis of the Anti-Corruption Establishment report. The FIA seal is being given by a team of investigating officers led by FIA head Rauf Aslam to the businessman on the spot. The officials have started sealing business premises of businessmen in Karachi on Friday.
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In recent news, the Karachi Electric Supply Company (KESC) had received a letter from the FIA, threatening to seal business licenses of the Karachi Electric Power Company Limited (KEPCO). KEPCO is considered a major player in the electricity sector in Pakistan, providing power to millions of households and small and medium-sized businesses in Karachi. The FIA has taken this decision in the wake of the recent spate of power outages in Karachi. The company has 12 years of experience in Karachi, and
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I am confident that the Karachi Stock Exchange (KSE) will not suffer as a result of the FIA’s seal of approval for business registration in Karachi. I am convinced that if the government really wants to give a fillip to the Karachi Stock Exchange, the move would not affect the trading activities of business entities in the city, as the seal of approval from the FIA would be a non-issue for investors. I am equally convinced that the FIA would have no problem in sealing a business entity in Karachi with
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Can FIA seal business Karachi? FIA is Pakistan’s premier regulatory body for enforcement of laws and regulation of business. In our legal system, FIA is known for its vigilance and proactive attitude towards securing justice for clients. This can be seen from their action towards various businesses, which have been registered and operating in Karachi, to meet local regulatory requirements. FIA has taken a firm stance towards sealing businesses, which have been found to be violating law, regulation, or ordinance. These violations
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Can FIA seal business Karachi? This is the biggest question in Karachi, and it has been on the lips of every person who comes to Karachi. see page Why? Well, it’s not that we have any businesses to seal. If you are looking for business, you should not come to Karachi. But the question is: why? Can FIA seal business Karachi? The answer is quite simple. In the year 2014, Karachi became the first city in Pakistan to be included in the FIA blacklist for security breaches.