Kucoin told to halt new EU business due to compliance staffing shortfalls
02 Mar
Business News

Kucoin told to halt new EU business due to compliance staffing shortfalls

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Business Business Kucoin told to halt new EU business due to compliance staffing shortfallsBusiness Austria's financial regulator said Kucoin EU must appoint an anti-money-laundering officer and deputy officer, as well as a sanctions compliance officer and deputy. Feb 23, 2026, 10:24 a.m. Austria's financial regulator said it prohibited the European arm of KuCoin from conducting new business and onboarding customers after the crypto exchange lost key compliance staff just months after gaining a Markets in Crypto Assets (MiCA) permit to operate across the European Union. KuCoin EU no longer has key function holders in anti-money laundering (AML) and prevention of terrorist financing roles, according to a statement from the regulator, the FMA, which granted the license in November. The freeze will last until the firm appoints the necessary compliance reporting staff, it said. The effective...
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PM Shehbaz hints at reducing direct taxes in upcoming budget to support businesses
02 Mar
Business News

PM Shehbaz hints at reducing direct taxes in upcoming budget to support businesses

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Business Prime Minister Shehbaz Sharif addresses inaugural session of Pakistan Governance Forum 2026 in Islamabad on February 25, 2026. Screengrab via Geo NewsPrime Minister Shehbaz Sharif on Wednesday stressed the need to reduce direct taxes in the forthcoming federal budget, acknowledging that sustainable economic growth cannot be achieved by increasing the tax burden. "How long can we keep stretching this?" the prime minister said. " Unless there is growth and unless production and exports increase, and unless you invest and attract foreign direct investment, how much more tax can you continue to impose?" The premier stated this while addressing the inaugural session of the Pakistan Governance Forum...
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Huge Announcement! PM Shahbaz Approves 100MW Solar Project to Transform Gilgit-Baltistan Forever
20 Dec
Business News

Huge Announcement! PM Shahbaz Approves 100MW Solar Project to Transform Gilgit-Baltistan Forever

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Business Prime Minister Shehbaz Sharif has given the green light for a major 100MW solar power project in Gilgit-Baltistan. This initiative is part of a wider effort to improve electricity supply across the country, including significant projects in Gwadar, aimed at ensuring continuous and affordable power for residents and businesses. The solar power plan in Gilgit-Baltistan will include both rooftop installations and large-scale solar systems. Officials have said that the project, which is expected to be completed by 2027, will not only provide clean energy but also help save around Rs1 billion every year. These savings are likely to benefit both the government and local industries, supporting economic growth and creating new opportunities for businesses in the region. In addition to the solar project, Prime Minister Shehbaz Sharif has emphasized the importance of major electricity initiatives in...
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