SECP Allows Digital Onboarding of Increasing Pension Fund Penetration

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), in continuation of its efforts to expand financial inclusion and broaden investor base in capital market products, has expanded the scope of Digital Onboarding Mechanism of investors to cover private pension funds. Under this initiative, pension fund managers can now extend… Continue reading

CPEC will change the destiny of Pakistan and China: Mian Anjum Nisar Traders of both the countries are playing a vital role in strengthening trade and diplomatic ties: President FPCCI

Karachi (PR) The great project of CPEC will not only change the destiny of Pakistan but will also make China and Pakistan economic tigers in the world. The special interest, diligence, and love of the Chinese government, investors, and businessmen for strengthening Pakistan, economically will never be forgotten by the… Continue reading

SECP approves framework for digital onboarding of investors

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved a ground-breaking initiative to enable all Pakistani resident and non-resident investors to open online accounts in the capital market. The new regime, that is part of SECP’s digital transformation agenda, allows investors to seamlessly open his or her account… Continue reading

SBP introduces a transparent mechanism with complete delegation to banks for remitting disinvestment proceeds to facilitate foreign direct investment

The State Bank of Pakistan (SBP) has introduced a new mechanism to enable companies in Pakistan to conveniently remit out disinvestment proceeds to their foreign shareholders. The goal of this initiative is to make Pakistan a more attractive place for investment by increasing investors’ confidence and support ease of doing… Continue reading

PSX Holds Gong Ceremony to Mark Issuance & Listing of PHL PES II

Karachi: Pakistan Stock Exchange (PSX) held a gong ceremony today to mark the successful book building and listing of Power Holding Limited’s (PHL’s) Rs 200 Bn Pakistan Energy Sukuk II (PES II). The book building process managed by Pakistan Stock Exchange, was a landmark event which concluded on May 19,… Continue reading

SECP extends timeline for AMCs to complete Investor’s Suitability Assessment

ISLAMABAD: To provide mutual fund industry further relief in fulfilling regulatory compliance requirements during COVID-19 pandemic, the Securities and Exchange Commission of Pakistan (SECP) has extended the timeline for Asset Management Companies (AMCs) to meet investor’s suitability assessment requirements, stipulated in Circular No 2 of 2020. The extended timeline is… Continue reading

Pakistan’s top gaming start-ups from Game Launcher pitch to investors in Singapore

ISLAMABAD/SINGAPORE: Seven of Pakistan’s top game developers pitched their gaming products to renowned investors at Google’s Asia-Pacific headquarters in Singapore to raise capital for scaling up their games. These game developers were chosen through a Google-partnered ‘Game Launcher’ cohort of Telenor Pakistan’s famed digital start-up accelerator program ‘Telenor Velocity’. In presence,… Continue reading

DFM starts issuing Multiple Investors Numbers for its investors

DUBAI: Dubai Financial Market (DFM) has announced that it will start issuing Multiple Investors Numbers (NINs) for its investors as of Tuesday 29 October 2019, in line with the amendments to Article 35 of the Securities and Commodities Authority’s (SCA) Decision No. (3 R) of 2001 about the market functions…. Continue reading

The Share Centre completes acquisition of accounts from J.P. Morgan Asset Management

LONDON: The Share Centre, a leading UK independent retail stockbroker, announced on 9 April 2019 it had agreed to acquire an active book of accounts from J.P. Morgan Asset Management and the migration would commence in September. It announced the successful transfer of these accounts, with over 13,000 accounts being… Continue reading

Economy put on right track, Dr. Hafeez Shaikh tells foreign investors

ISLAMABAD: Adviser to Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh has said that the government has overcome immediate challenges to the economy by taking right decision and focus has now shifted to accelerating the pace of growth by creating an enabling atmosphere for businesses and boosting growth… Continue reading