SECP highlights investment opportunities in ETFs

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) successfully organized a seminar to increase awareness regarding Exchange Traded Funds (ETFs), a new investment product, launched recently in Pakistan’s capital market. ETFs are index tracking funds, which because of their passive investment nature offer lower cost to the investors along… Continue reading

Foreign investors lead the CSR initiative with investment of 16 billion

Karachi: About 100 of the leading foreign investors, members of the Overseas Investors Chamber of Commerce and Industry (OICCI), actively participated in support of the GOP’s effort to fight the pandemic of COVID-19, without stepping back from their continuing commitment to CSR activities which benefit the marginalized communities across the… Continue reading

Paul Koyi urges Pakistani businessmen to improve ties with Tanzanian counterparts

KARACHI: President Tanzania Chamber of Commerce, Industry & Agriculture (TCCIA) Paul F. Koyi has urged the Pakistani businessmen & industrialists to improve ties with Tanzanian counterparts by exploring more avenues of trade and investment cooperation between the two countries in different sectors of the economy. Paul Koyi, who led a… Continue reading

KE commits to PKR 10 bn investment in community uplift under Sarbulandi initiative

Karachi: As part of its wider corporate sustainability and community engagement efforts, K-Electric (KE) has launched the Sarbulandi initiative, a PKR 10 billion investment in power distribution infrastructure for those parts of Karachi which suffer from the societal menace of power theft. With the vision of eradicating power-theft and the… Continue reading

SBP reduces markup rate to 5 percent on refinance schemes for investment and introduces other enhancements

Taking cognizance of the negative fallout of COVID-19 Pandemic for the economy, State Bank of Pakistan (SBP) has been constantly taking steps to safeguard the businesses and households and a reduction in the policy rate has been a key step since March 2020. SBP has reduced the policy rate by… Continue reading

Infinix Makes Headlines as the first Smartphone brand with Manufacturing Facility in Pakistan

Islamabad: Infinix, with its latest and high-quality premium products, is one of the leading smartphone brands in Pakistan. It has continued growing stronger, and one of the primary reasons is the company’s continuous investment and contribution to the economic and labor empowerment in the country. Now very proudly Infinix becomes the… Continue reading

Czech envoy assures support to promote trade and investment with Pakistan

KARACHI: The Ambassador of Czech Republic Tomas Smetanka has assured that Czech Embassy would provide accurate information about Pakistan to the Czech businesses and investors to promote trade and investment ties between the two countries. Czech Ambassador mentioned that during the last three to four years, the trade exchange stood… Continue reading

Tax regime for non-residents simplified to encourage investment in long-term debt securities

KARACHI: Amendments in the Income Tax Ordinance, 2001 have been issued to simplify the tax regime for non-resident companies investing in debt instruments and Government securities. These amendments aim to deepen our capital markets, support availability of long term rupee financing sources, support competition in the local currency debt market,… Continue reading

Vietnam keen to improve trade, investment cooperation with Pakistan

KARACHI: Deputy Director General of Vietnam’s Ministry of Industry & Trade Mr. Do Quoc Hung, who led a high level Vietnamese delegation to Karachi Chamber, said that Vietnam’s global trade turnover was more than US$500 billion this year, of which Pakistan-Vietnam trade volume was around US$600 million only which was… Continue reading

U.S. life/annuity holdings of structured notes on the rise

BOSTON: The U.S. life/annuity industry increased its holdings in structured notes by one-third over a three-year period, with book adjusted/carrying value reaching $16 billion in 2018, up from $12 billion in 2015, according to an AM Best report. Larger insurers are the primary purchasers of structured notes, as they typically… Continue reading