SECP registers 2,345 new companies in April
The Securities and Exchange Commission of Pakistan (SECP) registered 2,345 new companies in April 2022 raising the total number of registered companies to 168,030. This shows an increase of 7% as compared to corresponding period last year. The total number of registered companies now stands at 168,030. Total capitalization (paid-up-capital) with regard to newly incorporated…
Adil Aziz
Capital’s air quality healthy amid slight increase in pollutants ratio
The air quality of the federal capital on Friday was recorded healthy whereas a slight uptick was witnessed in the air pollutants ratio that remained below permissible limits due to less vehicular traffic on roads after scorching heat reduced masses to limited outdoor visits. The air quality data has been collected by Pakistan Environmental Protection…
realme Pakistan Embarks on a Strategic Partnership with Advance Telecom
realme levels up its distribution network by partnering with one of Pakistan’s top mobile phone distributors to increase their footprint across the country realme is always on the lookout for avenues to increase product availability in the market. To this end, realme has recently joined forces with Advance Telecom to increase their footprint in the…
Large industry grows 7% in 3 quarters, 26.9% in March 2022
The LSMI Quantum Index Number (QIM) was recorded at 161.2 points during July-March (2021-22) against 150.7 points during July-March (2020-21), showing growth of 7 percent, according to latest PBS data. On year-on-year basis (YoY), the industry rose by 26.9 percent during the month of March 2022 compared to the growth of March 2021, according to…
14 Chinese investors to visit Gwadar to assess investment potential next week
As many as 14 Chinese investors are coming to Gwadar to assess the investment potential of Gwadar and Balochistan next week, said Chairman of China Overseas Ports Holding Company (COPHC) Zhang Baozhong. “In addition to Chinese, last year we received more than 17 ambassadors from the US, Canada, and countries from the European Union,” he…
SECP proposes changes to bring transparency in capital formation
The Securities and Exchange Commission of Pakistan (SECP), in a bid to improve and ensure transparency in the process for capital formation has recommended a revamp of Companies (Further Issue of Shares) Regulations, 2020. A concept paper, suggesting new modes and mechanics through which companies can raise capital, has been placed on SECP’s website for…
Workers’ Remittances in April 2022
With US $3.1 billion inflows during April 2022, workers’ remittances crossed $3 billion for the first time ever. • In terms of growth, during April 2022, remittances increased by 11.2 percent on m/m basis and 11.9 percent on y/y basis. • Cumulatively, at $ 26.1 billion, remittances grew by 7.6 percent during 10 months of…
PSX turns around, gains 35 points to close at 42,898 points
The KSE 100-index of the Pakistan Stock Exchange (PSX) turned around on Thursday and witnessed bullish trend, gaining 35.29 points, with a slight positive change of 0.08 percent, closing at 42,898.44 points against 42,863.15 points on the last working day. A total of 284,503,575 shares were traded during the day compared to the trade of…
Site Area suffers from Zero Gas pressure since Sep-Oct
SAI Chief appeals PM to play role in restoring Gas Supply The Gas crisis has become severe in SITE industrial area Karachi – the oldest & largest industrial zone of the country. The industrial production in the area is affected badly due to extreme low gas pressure, contrary to industry’s requirement by the SSGC since…
ADB indicates additional support of $2.5 Billion in upcoming fiscal year
The Asian Development Bank (ADB) here on Thursday indicated to provide additional support of $ 2.5 billion to Pakistan for the next fiscal year, out of which $1.5-2 billion could be available in the ongoing calendar year, finance ministry said. According to statement issued by finance ministry, Minister of State for Finance and Revenue Dr….