tanzania opens government
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Tanzania opens government debt market to all overseas investors

Tanzania has relaxed its foreign exchange regulations to permit all international investors to purchase government-issued Treasury bills and bonds.

The Bank of Tanzania announced that the policy change aims to deepen domestic financial markets and position the country as an attractive investment destination.

Participation in government securities was previously restricted to residents of the East African Community, the Southern African Development Community, and the Tanzanian diaspora.

President Samia Suluhu Hassan’s administration is seeking fresh revenue options following recent reductions in aid from international partners.

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    Pakistan needs hard governance to defeat terror: D…

    Director General of Inter-Services Public Relations (ISPR) Lieutenant General Ahmed Sharif Chaudhry has said Pakistan must become a “hard state” where the Constitution and law are applied equally to everyone, stressing that strong governance is essential to defeating terrorism and ensuring lasting peace. He rejected claims that the security situation in Balochistan is worsening, calling them part of a deliberate campaign to create a false perception about the province. Addressing a detailed press conference on Friday, the military spokesperson said Pakistan’s security forces continue to make significant gains against terrorism through sustained intelligence-based operations across the country. Lt Gen Chaudhry said a total of 40,348 intelligence-based operations (IBOs) have been carried out so far this year by the armed forces, police, intelligence agencies and civil armed forces. More than 31,000 of these operations were conducted in Balochistan, reflecting the state’s continued focus on restoring peace in the province. He said Pakistan recorded 3,145 terrorism-related incidents during 2026. Of these, 1,971 incidents occurred in Khyber Pakhtunkhwa, 1,148 in Balochistan and 26 in other parts of the country. The ISPR chief said security forces killed 2,084 confirmed terrorists during operations this year, describing it as the highest average in the country’s history. On average, around 10 terrorists have been eliminated every day, while nearly 200 intelligence-based operations are conducted daily. Highlighting the sacrifices made in the fight against terrorism, Lt Gen Chaudhry said 819 Pakistanis lost their lives in terrorism-related incidents this year. The victims included 303 military personnel, 194 members of police and civil armed forces, and 322 civilians. He also revealed that 28 suicide attacks had taken place across the country during the year. According to him, most of these attacks involved Afghan nationals or individuals linked to groups operating from Afghan territory. The military spokesperson said the rise in terrorist attacks should not be viewed as a sign of weakness. Instead, he argued that militant groups have intensified attacks because of increasing pressure from proactive security operations and repeated battlefield setbacks. Lt Gen Chaudhry also accused the Afghan Taliban administration of allowing terrorist groups to operate from Afghan soil, claiming cross-border support remains a major factor behind terrorism inside Pakistan. Explaining his vision of a “hard state,” he said it does not mean military rule. Rather, it refers to a country where institutions function according to the Constitution, laws are enforced fairly, and no individual or group stands above the law. Referring to Article 5 of Pakistan’s Constitution, he said loyalty to the state and obedience to the Constitution are fundamental duties of every citizen. He added that discussions about rights must also include recognition of civic responsibilities. Speaking specifically about Balochistan, Lt Gen Chaudhry said the province’s real challenge lies with certain elites and tribal leaders who seek to preserve the existing power structure. He alleged that some influential groups oppose educational and economic progress because they fear losing their traditional influence. He further claimed that some individuals benefit from illegal activities, including smuggling and other criminal networks, and promote unrest whenever the state strengthens law enforcement or cracks down on such activities. The military spokesperson reiterated that Pakistan would not negotiate with terrorist groups or those using violence for political purposes. Instead, he said the armed forces would continue engaging directly with the people of Balochistan, whom he described as the province’s true stakeholders. Lt Gen Chaudhry also alleged that hostile foreign powers are attempting to exploit Balochistan’s strategic location and natural resources by supporting anti-state elements in collaboration with local actors opposed to reforms and development. Discussing the issue of missing persons, he said the Commission of Inquiry on Enforced Disappearances has received 10,901 complaints since its establishment. Of these, 9,372 cases have been resolved, with 4,896 individuals returning home, around 1,030 found in prisons, 308 confirmed dead, and nearly 2,400 complaints determined to be incorrectly reported. He added that 2,933 complaints originated from Balochistan, of which 2,767 have already been resolved.

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    Acid traces found as Mir Raza probe widens

    The Sindh government has decided to establish a judicial commission to investigate the death of 25-year-old businessman Mir Raza Ali in Karachi. Sindh Home Minister Zia-ul-Hassan Lanjar said the decision was taken during a meeting with Chief Minister Murad Ali Shah. He said the investigation would now be conducted with the involvement of judges from the Sindh High Court. Speaking about the case, Lanjar said the government wanted to ensure justice for Mir Raza’s family. He expressed sympathy with the family and said authorities were committed to uncovering the facts surrounding the young businessman’s death. The minister also confirmed that the police investigation team had already been changed. Deputy Inspector General Amir Farooqui is heading the new team. According to Lanjar, the family has also been given the option of suggesting police officers who could be included in the investigation team. He said authorities had so far found no evidence indicating the involvement of any high-profile personality. Lanjar said the formation of a judicial commission had become necessary because of questions surrounding the investigation and conflicting findings related to the case. The decision comes after a second post-mortem examination reportedly raised serious questions about the circumstances of Mir Raza’s death. Preliminary findings indicated that he had sustained a gunshot wound from behind, challenging earlier assumptions about the case. The minister also addressed concerns regarding the initial post-mortem examination. He said doctors responsible for the examination should have immediately informed their superiors if they believed there were shortcomings in the report. Meanwhile, a new development has emerged in the investigation. According to forensic sources, there was an alleged attempt to damage or burn Mir Raza’s body with acid. Sources said traces of acid were reportedly found on the shirt worn by the 25-year-old businessman. Investigators are expected to examine the finding as part of the wider forensic inquiry. Mir Raza’s body was discovered in bushes in Karachi’s Gulistan-i-Jauhar area after he went missing. His family has maintained that he was kidnapped, tortured and murdered. The latest developments have intensified questions surrounding the circumstances of his death. The proposed judicial commission is expected to examine the available forensic, medical and investigative evidence and determine what happened to the young businessman.

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    SECP registers record 5,438 new companies in July

    The Securities and Exchange Commission of Pakistan (SECP) recorded its highest-ever monthly company registrations, with 5,438 new companies incorporated during July, reflecting growing business activity and investor confidence in the country’s corporate sector. According to the SECP, five international companies established offices in Pakistan during the month. The foreign firms are from Malaysia, the United Arab Emirates (UAE), and China, highlighting continued overseas interest in Pakistan’s business environment. The commission said 112 newly registered companies include foreign directors, indicating increasing international participation in the local corporate sector. Of the total registrations, 3,148 were private limited companies, while 2,117 were single-member companies. In addition, 127 limited liability partnerships (LLPs) were incorporated during the month. The SECP also registered 28 non-profit organisations and 18 public companies. Provincially, Punjab accounted for the largest share of registrations, with 2,756 companies, representing 51% of the total. Islamabad followed with 1,053 companies, while Sindh registered 864, Khyber Pakhtunkhwa 450, Gilgit-Baltistan 180, and Balochistan 135 new companies. The information technology (IT) sector recorded the highest number of new incorporations, with 1,008 companies registered during July. Other major sectors included trading with 845 new companies, services with 638, and construction with 348 registrations. The SECP also reported significant growth in other industries, with 256 companies registered in the food and beverages sector, 207 in tourism, 181 in e-commerce, 165 in education, 162 in real estate development, and 145 in corporate agriculture. The record number of company registrations reflects continued expansion across multiple sectors of Pakistan’s economy and increasing formalisation of businesses under the country’s corporate regulatory framework

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    Bollywood stars warned over pan masala ads

    Three prominent Bollywood actors, including Shah Rukh Khan, Ajay Devgn and Tiger Shroff, have been warned by Maharashtra authorities over advertisements linked to a brand associated with a prohibited pan masala product. The warning was issued as Maharashtra steps up its food safety campaign and takes stricter action against businesses and products considered to pose health risks. According to the state Food and Drug Administration, the actors appeared in promotional material for Vimal-branded cardamoms. Authorities, however, said the brand is strongly associated with a pan masala product that is prohibited under relevant regulations. Officials expressed concern that advertising the associated brand could indirectly promote the banned product by keeping its name and identity familiar to consumers. The Maharashtra FDA has asked the three actors to provide explanations within 15 days. The notice also warned that continued use of the brand in promotional campaigns could reinforce consumer recognition of the prohibited product. The controversy comes as Maharashtra’s food safety authorities have intensified inspections across Mumbai and other parts of the state. Officials have recently taken action against restaurants and food businesses over hygiene and safety violations. Authorities have also targeted large retail and food chains as part of the wider campaign, including the closure of several outlets and warehouses. Pan masala remains a major consumer market in India despite concerns over its health effects. Medical experts have repeatedly warned that products containing areca nut can contribute to serious oral health problems and increase the risk of conditions that may develop into oral cancer, particularly when tobacco is also involved. The actors’ representatives have not publicly responded to the warning so far. The company associated with the Vimal brand has also not issued a response to the notice. The case has renewed debate over celebrity endorsements of products that may be marketed under one category while remaining closely associated with restricted or harmful products. It also places greater attention on the responsibility of public figures when promoting brands with controversial product lines.

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    FBR introduces three-day sales tax registration fo…

      Islamabad: The Federal Board of Revenue (FBR) has introduced a new mechanism to speed up sales tax registration for low-risk applicants, allowing eligible and complete applications to be processed within three working days. The measure was announced through Sales Tax General Order No. 20 of 2026, issued by the Revenue Division on August 24, 2026. The order is aimed at making the registration process faster, more transparent and business-friendly while retaining safeguards against fraudulent or suspicious registrations. Under the new system, applications submitted through the FBR’s IRIS system will be assessed according to risk-based parameters. Applicants classified as low-risk through the computerized system will receive priority treatment, provided their applications contain all required information and documents. According to the order, the relevant Local Registration Office (LRO) will be required to complete the registration process for eligible low-risk applicants within three working days. Officials have been directed to avoid unnecessary delays in processing such applications. The FBR has also restricted registration offices from seeking additional documents from low-risk applicants unless those documents are specifically required under the Sales Tax Act, 1990, the Sales Tax Rules, 2006, or are demanded by the computerized risk-management system. Another major feature of the new procedure is the introduction of pre-registration certification for manufacturers. Sector-specific trade associations operating under the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) will be able to certify the credentials of their member applicants before registration. The certification will cover key details including the applicant’s manufacturing activity, business premises and membership of the relevant trade association. However, the FBR has clarified that such certification is intended only as a facilitation measure and will not replace any legal or statutory requirement for sales tax registration. The new order also establishes clearer procedures for dealing with incomplete applications. If an application does not meet the required conditions, the applicant must be informed within seven days and provided with specific reasons for the objection. The FBR has prohibited registration officials from raising vague or generalized objections. This requirement is intended to provide applicants with greater clarity about deficiencies in their applications and allow them to address issues without unnecessary delays. For manufacturers, the order requires concerned LROs to conduct pre-physical verification under Rule 5(3) of the Sales Tax Rules, 2006 within three working days. Applications considered high-risk or suspicious, however, will remain subject to enhanced scrutiny and additional verification. The FBR said the initiative forms part of broader efforts to facilitate businesses, reduce administrative delays and encourage genuine manufacturers to enter the formal tax system. By involving recognized trade bodies in the initial verification process, the tax authority hopes to make better use of industry-level information while retaining the final decision-making authority with the relevant tax offices. The General Order has been circulated among all Chief Commissioners Inland Revenue, Commissioners, the Director General of IT and PRAL for immediate implementation. The FBR has also emphasized that classification as a low-risk applicant does not provide permanent immunity from scrutiny. If false information, misrepresentation or fraudulent documentation is discovered at a later stage, the applicant may still face subsequent verification and action under the applicable law. The new framework is therefore designed to combine faster registration for legitimate businesses with continued monitoring of applicants who may pose tax or compliance risks.

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    Pakistan’s Ehsanullah Mehsud wins Taekwondo gold at the Thailand International Taekwondo Championship

    BANGKOK: Pakistan celebrated another proud moment on the international sporting stage as taekwondo athlete Ehsanullah Mehsud captured the gold medal at the Thailand International Taekwondo Championship after an impressive run through the competition. Mehsud sealed the title with a commanding victory over his Sri Lankan opponent in the final, completing an unbeaten campaign that showcased his skill, determination and consistency against top regional competitors. The Pakistani fighter began his journey with a confident win over a competitor from Kazakhstan in the opening round, setting the tone for an outstanding tournament. He then produced one of his best performances in the semi-finals by defeating an Indian opponent to secure a place in the championship match. Carrying that momentum into the final, Mehsud delivered another composed display to overcome the Sri Lankan contender and clinch the coveted gold medal for Pakistan. Speaking after his victory, Mehsud thanked the people of Pakistan for their prayers and unwavering support throughout the tournament. He dedicated his gold medal to the nation, saying the encouragement he received from fans inspired him to perform at his best on the international stage. “I am grateful for the love, prayers and motivation from the people of Pakistan. This gold medal belongs to the entire nation,” he said after the medal ceremony. The achievement drew widespread praise from across the country. Provincial Assembly member Asif Mehsud congratulated the athlete, saying his remarkable performance had brought pride to both Pakistan and Waziristan by raising the country’s flag on the international stage. Recognizing his success, Asif Mehsud also announced a job for the newly crowned champion, describing the gold medal as a reward for years of dedication and hard work. The latest triumph adds to Pakistan’s growing list of achievements in international taekwondo and highlights the emergence of talented athletes capable of competing successfully on the global stage. Sports enthusiasts hope Mehsud’s victory will inspire more young athletes to pursue martial arts and represent Pakistan with distinction in future international competitions.

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