PSX turns around, gains 173 points
The 100-index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Tuesday, gaining 173.75, a positive change of 0.42 percent, closing at 41,714.30 against 41,540.55 points on the previous day. A total of 144,845,613 shares were traded during the day as compared to 133,556,497 shares the previous day, whereas the price of…
Adil Aziz
SECP registers 7 new Private Funds in 2022
The Securities and Exchange Commission of Pakistan (SECP) has registered seven (7) new private funds under the Private Funds Regulations during the calendar year 2022. Given that the Private Funds industry for past many years had only five funds, the registrations of two Venture Capital (VC) funds, four Private Equity and Venture Capital (PE&VC) funds…
Women entrepreneurs advised to adopt digital marketing through E-exhibitions
Multan Chamber of Commerce & Industry (MCCI) President Mian Rashid Iqbal advised women entrepreneurs adopt digital marketing through E-exhibitions for their products as it was a dire need of the hour. Chairing a meeting of the MCCI sub-committee on functions, fairs, and exhibitions, here, he stated that businessmen had to focus the digital marketing as their…
Pakistan, Kazakhstan to improve trade, investment: President Alvi
President Dr Arif Alvi said boosting trade with Kazakhstan and other Central Asian Republics (CARs) through Karachi and Gwadar was an important element of Pakistan’s ‘Vision Central Asia’ policy. “There is a great potential for diversifying bilateral trade relations and entering into joint ventures in the fields of agriculture, IT, textile, energy, logistics, housing and…
SECP register 2,380 new companies in November
The Securities and Exchange Commission of Pakistan (SECP) registered 2,380 new companies in November, 2022, indicating an increase of 10% as compared to corresponding period last year. Total capitalization (paid-up-capital) of the newly incorporated companies is PKR1.9 billion. The total number of registered companies now stands at 182,598. Among the newly incorporated companies, about 59…
TriFit Pakistan Opens its Doors in Karachi to Provide an Unprecedented Health and Wellness Experience
TriFit, Pakistan’s first international level chain of health and fitness clubs, opened its doors in Karachi earlier this month. Standing for Tribe, Results, Innovation, and Fitness (TriFit), the company opened its first location with a massive 34,000+ sqft space, at the famous Seaview in DHA Phase VI, Karachi. The first location at Seaview in Karachi…
PSX goes live with ‘Public PRIDE’
After implementing the PRIDE system, which automated the listing process for debt and equity issues, Pakistan Stock Exchange (PSX) has gone live with Public PRIDE which is a one-stop solution focused on investors for all information on upcoming public offerings. It has been developed to keep the investors and general public aware of the investment…
Govt committed to end digital divide: Syed Amin Ul Haque
Federal Minister for Information and Technology an Telecommunication Syed Amin Ul Haque said that the government is committed to end the digital divide between the urban and rural areas of the country. Effective measures are being taken for digitalization in the country and the Ministry of IT is taking every possible step for a better…
Minister emphasizes expanding partnership with Oxford University in education sector
Minister for Planning Development & Special Initiatives, Professor Ahsan Iqbal emphasized the need to expand the partnership between Oxford University and Pakistan in the education sector to facilitate Pakistani students. The Minister made these remarks, while addressing the high-level delegation of Oxford University. The delegation was headed by Professor Stephen Blyth, Principal of Lady Margaret…
ADB approves flood assistance package for Pakistan
A $554 million financing package, including new and reallocated funds, has been approved to support recovery and reconstruction efforts in Pakistan following this year’s devastating floods, and to strengthen the country’s disaster and climate resilience. The financing, which includes a $475 million loan and a $3 million technical assistance grant from the Asian Development Bank…