2,234 new companies registered in November 2023
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 2,234 new companies in November 2023, showing a growth of 8% as compared to the corresponding period of last financial…
SECP Commissioner Insurance Highlights Takaful Potential at 6th Annual IIAL Conference
ISLAMABAD: The SECP Commissioner Insurance, Aamir Khan, emphasized the significant transition of Pakistan’s financial system towards Shariah compliance. This shift, aligned with the cultural and religious values of the people,…
Monetary Policy Announcement
The Monetary Policy Committee (MPC) of SBP will meet on Tuesday, December 12, 2023 at SBP Karachi to decide about the Monetary Policy. Later on, SBP will issue the Monetary…
Branches of Authorized Banks to Remain Open on Saturday and Sunday for Collection of Application Forms with Dues for Hajj 2024
In order to facilitate the intending pilgrims to deposit application forms along with dues for Hajj 2024, State Bank of Pakistan on the request of Ministry of Religious Affairs &…
Saudia’s Private Leads Digital Transformation with the Launch of Robotic Process Automation
Introduces a comprehensive digital strategy including Robotic Process Automation, AI chat-bots, New mobile App, and B2B Solutions: Jeddah, Saudi Arabia: Saudia Private, a pioneer in general aviation services, announced a…
Descon Oxychem Ltd Celebrates 10 Million Safe Hours Milestone
Karachi: Descon Oxychem has successfully completed 10 million safe hours from December 2008 to November 2023. This remarkable milestone not only exemplifies the company’s dedication to safety but also underscores…
Prime Minister Strikes Gong on Launch of the First GoP Ijarah Sukuk Auction at Pakistan Stock Exchange
Karachi, In a landmark development for the financial markets of Pakistan, the Primary Market Auction of Government Debt Securities (GDS) will now also be held at PSX. This follows the…
Iran Seeks to Enhance Economic Cooperation with Pakistan
KARACHI: His Excellency Hassan Nourian, the Consul General of the Islamic Republic of Iran, has expressed the enduring and robust diplomatic the enduring and robust diplomatic relations between Iran and…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 12,107.1 million as of 01-Dec-2023. The break-up of the foreign reserves position is as under: i) Foreign reserves…
SECP notifies timeframe for implementation of IFRS 17 for insurance industry
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified the adoption of the International Financial Reporting Standard (IFRS) 17 – Insurance Contracts – for the companies engaged in…
CCP Approves Merger, Paving the Way for UDL International Limited’s Listing on Pakistan Stock Exchange
Islamabad: The Competition Commission of Pakistan (CCP) has granted approval for the merger of a listed company, M/s. First UDL Modaraba, with a public unlisted company, M/s. UDL International Limited.…
Meezan Bank Partners with Befiler to Provide Tax Facilitation Services for Freelancers
Karachi: Meezan Bank, Pakistan’s leading Islamic bank, has recently formalized an agreement with Befiler to enhance the tax facilitation services available to freelancers. This collaboration aims to provide Meezan Freelancer…
SSGC Automates 50 Town Border Stations (TBS) – MD, SSGC Inaugurates the Pilot Project
Keeping abreast with the new and emerging technologies internationally, Sui Southern Gas Company inaugurated a newly deployed system that will automate 50 Town Border Stations (TBS), which will be used …
SECP publishes its Annual Report for FY 2022–23
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has released its annual report for fiscal year 2022-23, which details its accomplishments and financial accounts. Chairman, Akif Saeed expressed satisfaction…
Germany keen to expand business ties with Pakistan: AHK
KARACHI: Pakistan’s Representative in German Emirati Joint Council for Industry & Commerce (AHK) Muhammad Usman has said that German government and businesses have been looking towards Pakistan in recent years…
Mobilink Bank reaffirms commitment to gender-responsive climate finance at COP28 UAE
Islamabad: Pakistan’s leading digital microfinance institution, Mobilink Bank has reaffirmed its commitment to fostering gender-responsive climate finance at the Conference of the Parties (COP28) held in UAE. Representing the bank,…
Ufone 4G’s Digital Grand Offer brings exciting discounts, free subscriptions to SHOQ and Golootlo
Islamabad: Pakistani telecommunication company, Ufone 4G has enhanced the value of its Digital Grand Offer by adding exciting discounts and free subscriptions to PTCL’s digital OTT platform, SHOQ and popular…
SBP Issued Instructions for Enabling ‘RAAST’ Person to Merchant Service
State Bank of Pakistan has issued instructions to its Regulated Entities (REs) for enabling RAAST Person-to-Merchant (P2M) payment service for their customers. The Raast P2M system will enable merchants to…
Minimizing Risks, Maximizing Opportunities: Dun & Bradstreet Expands Product Portfolio in Pakistan with Finance and Risk Analytics
Karachi: Aimed at streamlining finance operations and reforming third-party risk management for Pakistani businesses, Dun & Bradstreet has announced two revolutionary solutions- D&B Finance Analytics and D&B Risk Analytics. The…
SECP partners with AAOIFI to establish an Islamic finance research and development centre
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) and Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) have joined hands to establish a Joint Research and Development Centre…