PSX Holds Gong Ceremony on Listing of Burj Clean Energy Modaraba
A gong ceremony was held at the Pakistan Stock Exchange (PSX) to mark the listing of Burj Clean Energy Modaraba (“Burj Modaraba”). Burj Modaraba is the first green energy fund in accordance with Shariah principles to be listed on the Stock Exchange on the Growth Enterprise Market (GEM) Board of PSX.
Adil Aziz
SECP proposes increase in Paid-up Capital for Insurance Companies
The Securities and Exchange Commission of Pakistan (SECP) has proposed to increase the minimum paid-up capital requirement for insurance companies as part of its “Insured Pakistan” initiative. The move aims to strengthen the insurance industry and as a result, provide better protection for policyholders.
Workers’ remittances increase by 38.76% to $8.785B inflow in 1st quarter
The overseas workers’ remittances witnessed an increase of 38.76 percent during the first quarter (July-September) of the current fiscal year 2024-25, according to the State Bank of Pakistan.
PSX crosses another milestone, reaches historic level of 84,910.30 points
Positive sentiments prevail over the 100-Index of the Pakistan Stock Exchange as it continued with bullish trend on Monday (Oct 07), gaining 1,378.34 more points, a positive change of 1.65 percent, reaching all time high level of 84,910.30 points against 83,531.96 points on the last trading day.
World Investor Week 2024 Marked at PSX with a Gong Ceremony
Pakistan Stock Exchange (PSX), under the aegis of World Federation of Exchanges (WFE), of which PSX is an Affiliate Exchange, in partnership with International Organization of Securities Commission (IOSCO), marked World Investor Week (WIW) 2024 through a gong ceremony held at PSX Trading Hall. The WIW with the theme of ‘Ring the Bell for Financial Literacy’ is being held from October 7 – 13, 2024. This is the fourth consecutive year that PSX is holding and organizing the World Investor Week.
Pakistan, Denmark sign MOU for restructuring in Pakistan’s Maritime sector
Minister for Maritime Affairs Qaiser Ahmed Shaikh signed the memorandum of understanding (MOU) on the behalf of Pakistani government and Denmark’s Minister for Industry, Business and Financial Affairs Morten Bodskov from the Danish government.
CCP hearing on PTCL-Telenor merger continues
The Competition Commission of Pakistan (CCP) is actively progressing with the Phase II Merger Review of PTCL’s proposed acquisition of 100 percent shareholding in Telenor Pakistan (Private) Limited (TP) and Orion Towers Private Limited (OT).
Deposit Protection Corporation doubles the Deposit Guarantee to PKR.1 million
The Deposit Protection Corporation (DPC), increased the guarantee amount for all eligible depositors of its member banks from Rs.500,000 to Rs.1,000,000 with effect from October 01, 2024.
Mobilink Bank introduces climate Shock insurance
Mobilink Bank, has introduced Climate Shock Insurance to protect small and medium-scale farmers and livestock owners from the escalating risks of climate change. Under the initiative, the Bank provides financial security by covering losses to crops and livestock resulting from unpredictable climate catastrophes, enabling farmers to maintain their livelihoods amid growing weather volatility.
Pakistan seeks china’s cooperation in the EV field sector
Pakistan’s Consul General in Shanghai, Shehzad Ahmad Khan, reaffirmed Pakistan’s steadfast commitment to enhancing its bilateral relations with China, with a particular focus on the rapidly growing automotive sector.