Business & Industry

An agreement was signed between Pakistan Stock Exchange (PSX) and 1LINK to launch the new payment and registration system by PSX. This new payment and registration system will support digitally transforming the Initial Public Offering (IPO) process through an E-IPO system. The E-IPO system will electronically connect investors, share registrars with brokers/TRE Certificate holders, banks […]

With the foremost aim to support entrepreneurship and improve the business climate for small businesses, particularly startups and potential investors, SECP issued a circular explicitly allowing private companies to raise capital by receiving immovable property, intangible assets, and services from investors. SECP also clarified that private companies could raise funds from investors other than their

The Securities and Exchange Commission of Pakistan (SECP) Chairman, Aamir Khan, reiterated SECP’s commitment to outcome-based regulation by reducing regulatory burden, simplification of laws, and optimal use of technology. He was addressing a virtual interactive session with the representatives of Pakistan Business Council (PBC) led by its CEO Ehsan Malik. The SECP Chairman briefed the

In line with the Government of Pakistan’s initiative for the development of the housing and construction sector, the State Bank of Pakistan (SBP) has been taking various regulatory steps to enhance banks/DFIs participation through their financing in the development of these sectors. To boost activities in these sectors, the SBP has now made changes to

The use of mobile banking witnessed tremendous growth in Pakistan as the quarterly transaction value crossed the mark of Rs. 1 trillion for the first time in Pakistan. This is being attributed to zero bank charges and levies on most common services. According to the State Bank of Pakistan (SBP), the volume of mobile banking

The Government of Pakistan is preparing to hold a spectrum auction by mid-May that will be aimed at improving the quality of services and generating around Rs. 1 billion in revenue, Business Recorder reported. According to the report, Pakistan Telecommunication Authority (PTA) has hired an international firm called Frontier Economics Ltd. as a consultant for

The State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 7 percent. This was revealed by the central bank in a statement issued today about the new monetary policy as approved by the Monetary Policy Committee (MPC), in its meeting held on March 19, 2021. The central bank has kept

Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet held today.  Naya Pakistan Housing and Development Authority (NAPHDA) Chairman presented revised eligibility criteria for selection of applicants, modalities for payment of cost subsidy, and mechanism for release of funds regarding the special

On Wednesday, Pakistan’s IT Minister Syed Aminul Haque Announced The Launch Of Tech Destination Pakistan, An Initiative Which Aims To Promote The Country’s Information Technology Industry. In a tweet, the minister mentioned that the initiative aims to provide training opportunities and facilities to tech companies, creating incentives for foreign investors, and dozens of projects set

The State Bank of Pakistan (SBP) has advised all the banks to use digital portals for end-to-end digitalization of case submissions and processing. This development is aimed at facilitating the business community in Pakistan, promoting the ease of doing business, enhancing operational efficiency, and making the processing of Foreign Exchange (FX) related cases cost-effective and