Housing Finance Market Regulatory Body in Making

The government is working on setting up a regulatory body for the country’s housing finance market which is experiencing an accelerated growth and is currently regulated by the State bank of Pakistan (SBP). In this regard, Finance Minister Shaukat Tarin while unveiling the economic plan for sustainable growth earlier this week revealed that the regulatory authority …

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Engro to Inject Rs14bn in Telecom Infrastructure

Engro Corporation said on Wednesday it will enhance its total equity investment in the telecom infrastructure vertical to Rs21.5 billion. According to a regulatory filing on the Pakistan Stock Exchange, the holding company will make this investment in its wholly-owned subsidiary Engro Connect, which will serve as a platform for the conglomerate’s initiatives in the …

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SECP Introduces Major Capital Market Reforms

The Securities and Exchange Commission of Pakistan (SECP) has introduced major capital market reforms featuring legal, structural, regulatory, operational, and product development initiatives for a robust and transparent capital market in the country. According to the details, the SECP’s capital market reforms are focused to ensure the provision of a complete eco-system desirable for capital …

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FBR Makes It Compulsory for Importers to Submit Certificates of Origin

The Federal Board of Revenue (FBR) has made it mandatory for the importers to submit ‘certificates of origin’ of shipments originating from the United Arab Emirates (UAE) and China excluding imports under the preferential trade agreement (PTA) and Free Trade Agreement (FTA) regime. FBR has made draft amendments to the Customs Rules 2001 by issuing …

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PayPal Launches Crypto Buying and Selling

PayPal will allow customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies starting this week, the company said on Monday. The roll-out, which marks the first international expansion of PayPal’s cryptocurrencies services outside of the United States, could inspire further mainstream adoption of the new asset class. With over 403 million …

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