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Eden Mobility Expands Retail Footprint With Derbyshire Acquisition
yorkshiretimes_uk64d ago

Eden Mobility Expands Retail Footprint With Derbyshire Acquisition

Scunthorpe-founded Eden Mobility has accelerated its national expansion with the acquisition of Derbyshire Mobility, bringing its total estate to 47 stores. The deal, which includes showrooms in Chesterfield, Matlock, and Ripley, marks a near 50% increase in the company’s physical presence since receiving backing from Foresight Group in 2024.]]>

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Employers federation welcomes government’s timely push for stronger business ecosystem
sarawaktribune64d ago

Employers federation welcomes government’s timely push for stronger business ecosystem

KUALA LUMPUR: The Malaysian Employers Federation (MEF) said the government’s push for tougher rules, stronger enforcement and a more supportive business ecosystem is timely amid intensifying global competition on the domestic front. In a statement on Tuesday (Feb 3), MEF President, Datuk Syed Hussain Syed Husman, said the government’s initiatives reflect a strong commitment to [...]

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Altcoin Season Index Plummets to 29: A Stark Signal of Bitcoin’s Enduring Dominance
bitcoinworld64d ago

Altcoin Season Index Plummets to 29: A Stark Signal of Bitcoin’s Enduring Dominance

BitcoinWorldAltcoin Season Index Plummets to 29: A Stark Signal of Bitcoin’s Enduring DominanceGlobal cryptocurrency markets witnessed a subtle yet significant shift this week as the widely monitored Altcoin Season Index declined to 29, marking a one-point drop and reinforcing a prolonged phase of Bitcoin supremacy. This metric, a crucial barometer for trader sentiment and capital rotation, now sits firmly in territory historically associated with ‘Bitcoin seasons,’ compelling [...]This post Altcoin Season Index Plummets to 29: A Stark Signal of Bitcoin’s Enduring Dominance first appeared on BitcoinWorld.

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Reduction in US tariffs is big relief for Indian economy
thehansindia64d ago

Reduction in US tariffs is big relief for Indian economy

Finally, the saga of Trump tariffs has ended on a happy note—at least from India’s perspective. With US President Donald Trump announcing an agreement with India that reduces tariffs on Indian goods...

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Budget 2026 pulls right levers amid tailwind from US, EU trade pacts: Experts
economictimes_indiatimes64d ago

Budget 2026 pulls right levers amid tailwind from US, EU trade pacts: Experts

Indias latest Budget focuses on growth while maintaining fiscal discipline. Experts view it as a long-term roadmap for sustainable economic development rather than a short-term fix. The government has placed strong emphasis on strengthening manufacturing and services, while also reducing dependence on imports. Trade agreements with the US and the EU are expected to significantly boost exports and give domestic manufacturing a fresh push. Overall, the strategy aims to reinforce Indias global standing and promote more inclusive, broad-based growth across sectors.

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NAB achieves record-breaking Rs6.213trn recovery in 2025
brecorder64d ago

NAB achieves record-breaking Rs6.213trn recovery in 2025

ISLAMABAD: In a bold claim, the National Accountability Bureau (NAB) on Tuesday claimed to have recovered state land totaling 2.98 million acres, valued at Rs 5.976 trillion, along with a hefty Rs 89.68 billion in cash in 2025.Deputy Chairman NAB Sohail Nasir, briefing the media on the NAB Annual Report 2025, showered praise on NAB Chairman Lt Gen Nazir Ahmed Butt (retd), saying the bureau achieved a record-breaking recovery of Rs 6.213 trillion – the highest annual figure since NAB’s establishment in 1999.Nasir also flanked by Prosecutor General Ihtesham Qadir Shah, Director General (DG) NAB Operation Amjad Majeed Aulakh.To a question about NAB’s anti-money laundering efforts, Nasir said that NAB sends letters under Mutual Legal Assistance (MLA) to foreign countries, but despite years passing, responses are often not received.“Some countries are safe havens for our money,” he said, emphasising that Pakistan is a victim of money laundering.Aulakh said that 2.98 million acres land recovered by NAB includes 2.65 acres of forest land of worth Rs 5.104 trillion, 344.77 acres land of the revenue departments of worth Rs 834 billion and 51 Kanal Golra land/ sector E-11 of 29 billion. NAB also recovered Rs 26.44 billion in under investigation notorious Kohistan Scandal, he said.He said that bureau delivered significant relief to 115,587 victims of fraudulent housing and investment schemes through disbursement of Rs 180 billion.For the first time in NAB’s history, he added, Rs 2.8 billion was transferred directly into the bank accounts of 12,892 victims under an agreement with the National Bank of Pakistan (NBP).According to the report NAB Sukkur reclaimed 1.63 million acres (valued at Rs 3.73 trillion), followed by NAB Balochistan for 1.02 million acres, valued Rs 1.374 trillion and NAB Multan reclaimed 0.33 million acres of Rs 653.97 billion, 51 canal worth of Rs 29.41 billion precious state land recovered in Islamabad, thereby effectively restoring critical national assets to the state.Further strengthening public trust, the report said another major milestone was achieved through the opening of Profit-Bearing Accounts (NIDA) to preserve the time value of recovered funds, ensuring that claimants receive maximum financial benefit during disbursement.As a result, the year 2025 witnessed momentous relief in high-profile cases including Al-Bari Group (Rs 5.4 billion disbursed to 1,126 victims), Eden Housing (Rs 4.362 billion returned to 11,889 victims), Plots worth of Rs 72.23 billion delivered to 6750 victims of State Life Cooperative Housing Society scam, B4U Global (Rs 3.157 billion disbursed to 17,500 victims), and AAA Associates (Rs 8.869 billion disbursed to 1,211 victims).It says that bureau undertook massive institutional revitalization to provide specialised facilitation. To ensure fairness and inclusivity, NAB operationalised specialised Facilitation Cells for: parliamentarians and government officials, business community and overseas Pakistanis.During the year, the operations division successfully managed an influx of 23,411 complaints, utilising a time-bound verificat ion mechanism to filter out frivolous reports and only 367 complaints emerged cognizable.The year showed 24 percent reduction on fresh complaints compared to complaints received in previous years, reflecting a downward trend in incidence of corruption and the impact of institutional reforms undertaken by NAB, it says.It says that 2025 witnessed a significant decline of 52 percent in complaints against public office holders and businessmen.The NAB completed 191 inquiries and 65 investigations while 152inquiries and 56 investigations were closed and referred to other departments/agencies during the year, it says.The report notes a 12.4 percent decline in ongoing inquiries and investigations. It also highlighted an encouraging 41 percent rise in whistle blower-driven complaints compared to the previous year. Moreover, investigations are now supported by AI-assisted tools, blockchain analysis, and digital forensics, coordinated through the newly inaugurated Pakistan Anti-Corruption Academy (PACA).To date, the Academy has conducted 42 training courses and events, aimed at enhancing both technical and soft skills of investigators and prosecutors.Copyright Business Recorder, 2026

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SECP allocates key portfolios to new Commissioners
brecorder64d ago

SECP allocates key portfolios to new Commissioners

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has finalized the allocation of portfolios among its newly appointed commissioners.According to official sources, the strategically important Stock Market Division has been entrusted to Commissioner Muhammad Ali Farid Khawaja.Meanwhile, SECP Chairman Dr Kabir Ahmed Sidhu will personally oversee the Support Services Division, Chairman’s Secretariat, and Commission’s Secretariat.Commissioner Zeeshan Rehman Khattak has been assigned a broad and critical portfolio, including the Specialized Companies Division, Investor Education and Complaints Department, Information Systems and Technology, Supervision Division, and the Anti-Money Laundering Department.Commissioner Muzaffar Ahmad Mirza will supervise the Licensing and Registration Division, Prosecution and Legal Affairs Division, Adjudication Division, and Insurance Division.Copyright Business Recorder, 2026

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