SBP enhances Digitization Initiatives in Banks/MFBs

In order to promote digitization in the banking sector and encourage use of digital channels, SBP has   instructed (https://www.sbp.org.pk/psd/2021/C1.htm) all banks to provide minimum set of services on their Internet Banking (IB) and Mobile Banking (MB) channels. These services will include bill payments, funds transfer/IBFT, beneficiary management, limit management, credit… Continue reading

PIA starts distribution of cheques to VSS applicants

Karachi: The full amount payable to individuals under the PIA Voluntary Separation Scheme commenced on Wednesday and cheques were distributed to more than 100 VSS applicants at PIA head office. The cheques were distributed by Chief Financial Officer PIA, Khalil Ullah Sheikh, General Manager Accounting Zahid Karim, General Manager Funds… Continue reading

BankIslami Reports its Highest-Ever Profitability during 2020

KARACHI: BankIslami has reported its highest-ever profitability during financial year 2020. Profit after tax closed at Rs. 1.70 billion, up by 56% comparing with profitability of Rs. 1.09 billion during the financial year 2019. Despite downward adjustment in policy rate, net spreads of the Bank increased by 16% on account… Continue reading

CCP ISSUES SHOW CAUSE NOTICE TO HYUNDAI NISHAT MOTOR (PVT) LIMITED FOR DECEPTIVE MARKETING PRACTICES

ISLAMABAD: The Competition Commission of Pakistan (CCP) while concluding an enquiry has issued a show-cause notice to M/s Hyundai Nishat Motor (Pvt) Limited for, prima facie, deceptive marketing practices in the marketing campaign for its new SUV, “Hyundai Tucson,”, in violation of Section 10 of the Competition Act, 2010. The… Continue reading

Reforms by SECP lead to 39% growth in new companies’ registration

ISLAMABAD: A host of reforms by the Securities and Exchange Commission of Pakistan (SECP) for ease of doing business have led to 39 percent corporate growth in February compared to the same month last year. The Corporate Registrar has incorporated 2,257 new companies and startups in February. 99 percent of… Continue reading

Explore the best of Dubai with Emirates and enjoy a complimentary hotel stay

Fly safe and stress-free with Emirates to the vibrant and cosmopolitan city Karachi / Dubai, Passengers travelling to Dubai from Pakistan via Emirates can now enjoy special fares, free additional 10kg baggage allowance and up to two complimentary nights at the 5-star JW Marriott Marquis Dubai from 15 March to… Continue reading

SECP asks listed companies to implement gender diversity policies; issued circular

ISLAMABAD: In order to foster a beneficial and comfortable working environment for Pakistani women, the Securities and Exchange Commission of Pakistan (SECP), has asked listed companies to formulate and implement gender diversity policies to attract and retain talented women. Pakistan figures fairly low in the Global Gender Gap report index,… Continue reading

SECP Centralizes Company’s Name Reservation Function

ISLAMABAD: The SECP, to further speedup the processing and bring uniformity in decision making, has centralized the function of approving applications of company’s name reservation. This is the first step towards centralization of various regulatory functions, currently performed at company registration offices (CROs). To ensure standard application of law, the… Continue reading

Engro Fertilizers wins DuPont Global Safety Innovation Award

Karachi: Engro Fertilizers, Pakistan’s premier seed-to-harvest solutions provider that is ranked amongst the world’s top 50 fertilizer manufacturing and marketing companies, has been declared as one of only three global award winners at the virtual ceremony of 14th DuPont Safety and Sustainability Awards. As a recipient of the Global Safety… Continue reading

FPCCI SIGNS AGREEMENT WITH GREATER MANCHESTER CHAMBER OF COMMERCE (GMCC) and SME CENTRE OF EXCELLENCE, UK ON BUSINESS PARTNERSHIPS & BILATERAL TRADE

KARACHI (PR): Pak-UK Business Council of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) organised a Partnership Collaboration Agreement Signing Ceremony with Greater Manchester Chambers of Commerce (GMCC) – which has over 5000 registered British Businesses based out of Greater Manchester region of the UK. The high-level understanding… Continue reading