PSX suggests perpetual amnesty scheme to attract undocumented money to capital market

KARACHI: Pakistan Stock Exchange (PSX) has proposed a perpetual amnesty scheme to form a bridge between undocumented money and the equity market, as the capital actually sits in the informal sector. “PSX has forwarded a proposal to Finance Minister Asad Umar for a permanent amnesty scheme to attract the undocumented… Continue reading

International Women’s Day: PSX, IFC, PBC join to ring the bell for gender diversity

KARACHI: Pakistan Stock Exchange (PSX), joined over 70 other stock exchanges around the world to commemorate International Women’s Day in a befitting manner along with three leading gender diversity-promoting organizations – Women on Board (WOB) Pakistan, International Finance Corporation (IFC) and Pakistan Business Council (PBC). Fifteen leading Pakistani women professionals… Continue reading

SECP to remove regulatory impediments, facilitate corporate sector

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) Chairman, Farrukh Sabzwari, has initiated dialogue with leaders of business associations to have their perspective on the practical impediments faced by the corporate sector in implementing the Companies Act, 2017. Mr. Sabzwari, along with his senior officials, met separately with representatives… Continue reading

Asad orders FBR to improve refund system for early processing of exporters’ claims

ISLAMABAD: Finance Minister Asad Umar has advised Federal Board of Revenue (FBR) to review and improve the Expeditious Refund System (ERS) parameters to ensure early processing of exporters’ claims. He said that the procedure for processing of DLTL claims was also being revised to ensure that the delays are eliminated…. Continue reading