Business & Industry

Pakistan is making substantial progress in developing its financial sector, as revealed by the Economic Survey 2020-21. This sector is being developed on the back of regulatory improvements and other necessary reforms, the survey report revealed. Financial development can be measured using several parameters, including the supply of money, stock market indicators, and the domestic […]

Members of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) called on Chief of Army Staff (COAS), General Qamar Javed Bajwa, today, a press release issued by ISPR informed. During the meeting, FPCCI’s role in the development of commercial and industrial hubs in Pakistan, along with the evolving regional economic environment in the

A relief package for the Telecom sector was confirmed today during the press conference and Minister Tarin gave the reassurance that the taxes on the sector would be reduced in the upcoming budget. The government is set to announce relief packages for the Telecom sector in the budget 2021-22, including the status of the industry,

The Ministry of Finance released its flagship report — the Pakistan Economic Survey — on Thursday as the economy moves towards recovery despite the ongoing pandemic. The survey provides a positive outlook of the economy with the most economic impetus being attributed to external resources aided by local factors like large scale manufacturing, agriculture, and

In order to promote investment in the real estate sector through Real Estate Investment Trusts (REITs), the SECP has introduced a new Public-Private Partnership (P3) model under REITs, besides completely revamping the regulatory framework for REITs. The amendments have shifted the regulatory structure from approval-based to disclosure-based issuance, reducing entry barriers for new REITs, making

The State Bank of Pakistan (SBP) has maintained relaxed terms and conditions for customers to operate bank account by the end of 2021, considering the intensity and ongoing impact of the COVID-19 pandemic in the country. The relaxations will not only facilitate customers of the bank but also allow financial institutions, including microfinance banks, and

The Securities and Exchange Commission of Pakistan (SECP) on Thursday informed National Assembly Standing Committee on Finance that the existing Appellate Bench of the Commission would be replaced with an independent “Financial Services Market Tribunal” for hearing appeals against orders passed by the SECP. The SECP officials informed the committee during an in-camera briefing held

The Islamabad-based fintech startup, TAG Innovation Pvt., will start operations this month as Pakistan’s first digital bank. The fintech will begin with a limited number of customers and will start to scale up commercially within the next two to three months, its Chief Executive Officer (CEO) Talal Gondal said in an interview with Bloomberg. This is

The State Bank of Pakistan (SBP) released its Business Confidence Survey report for April 2021. This is the 22nd survey in the series and includes 467 firms. Overall Business Confidence The Overall Business Confidence remained in the positive zone for the 5th consecutive wave. However, the value of the index was lower in the latest BCS