SECP leads by example in Corporate Governance, Enterprise Risk Management and Sustainable Development: Aamir Khan
“SECP, as the regulator of not just the corporate sector, but also the capital markets, NBFCs and insurance sector, is passionate about implementing a comprehensive and robust code of corporate governance in Pakistan, being equally focused on promoting effective management, improving transparency, and fostering healthy competition,” said SECP Chairman Aamir Khan in his keynote address…
Adil Aziz
Meta introduces special initiatives for online safety of women in Pakistan
Meta has launched two new initiatives in Pakistan, focused on women’s’ safety online that includes the Online Safety Guide and StopNCII (Non consensual intimate images) to help users to safely navigate cyberspace. The critical safety advisory available in English and Urdu is expected to boost digital literacy and responsible online behavior amongst users, thereby creating…
PM urges expatriates to make “safe investments” in CBD, RUDA projects
Prime Minister Imran Khan Thursday said that there were massive investment opportunities available for the overseas Pakistanis to make safe investments in Central Business District (CBD) and Ravi Urban Development Authority (RUDA) projects. The prime minister, chairing a meeting to review progress on the said projects, said record revenue of Rs. 57.88 billion had been…
ISPR releases Shad Rahe Pakistan national song amid 23rd March celebrations
The Inter Services Public Relations (ISPR) on Thursday released the national song Shad Rahe Pakistan (May Pakistan remain happy) as part of the Pakistan Day celebrations. Shad Rahe Pakistan is a unique song composed in connection with 23rd March which is a prayer in the name of this sacred land which is becoming the voice…
SBP facilitates Microfinance Banks to lend for low-cost housing and micro and small enterprises
Building on the measures taken in recent years to encourage financing to priority areas, State Bank of Pakistan (SBP) has revised Prudential Regulations for Microfinance Banks (MFBs) with the goal of promoting access to finance for low cost housing and micro enterprises. The revised regulations are expected to bring down the cost of serving to…
Shell Pakistan Announces Financial Results For 2021
The Board of Directors of Shell Pakistan Limited (SPL) announced financial results for the year ended December 31st, 2021. The company posted a profit after tax of PKR 4,466 million for 2021 compared to the loss of PKR 4,821 million in 2020. 2021 saw significant recovery with a profit after tax in comparison to a…
Pakistan earns $1486 million from IT services’ export in 7 months
Pakistan earned US $1,486.890 million by providing different Information Technology (IT) services in various countries during the first seven months of financial year 2021-22. This shows growth of 32.63 percent as compared to US $1,121.105 million earned through provision of services during the corresponding period of fiscal year 2020-21, Pakistan Bureau of Statistics (PBS) reported….
Textile exports increase by 26.08% to $12.607 bln in 8 months
The exports of textile commodities increased by 26.08 percent during the first eight months of the current fiscal year (2021-22) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported on Tuesday. The textile exports were recorded at $12,607.824 million in July-February (2021-22) against the exports of $9,999.923 million in…
Exports increase by 32.77% to Rs3.520 trillion in 8 months
Exports during July-February (2021-22) were recorded at Rs3,520,242 million as against the exports of Rs2,651,319 million during July- February 2020-21: PBS The exports from the country in rupee term witnessed an increase of 32.77 per cent during the first eight months of the current fiscal year as compared to the corresponding period of last year,…
SBP Enables Microfinance Account-holders to Invest in Government Securities
To provide greater opportunities for public to invest in government securities and in line with the objective of diversifying funding for this exclusive avenue, State Bank of Pakistan (SBP) has taken the following measures: Microfinance Banks (MFBs) have been permitted to offer Investor Portfolio of Securities (IPS) Accounts to their customers. Microfinance Bank (MFB) account…