Pakistan liquid foreign reserves reach US$12,107.1 Million
The total liquid foreign reserves of Pakistan reached US$12,107.1 million while the central bank held the reserves of$7,020.2 million.
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Germany want expand to business ties with Pakistan: AHK
Pakistan’s Representative in German Emirati Joint Council for Industry & Commerce (AHK) Muhammad Usman has said that German government and businesses have been looking towards Pakistan in recent years for strengthening business and investment ties which was the basic reason for establishment of Pakistan’s desk at AHK in Dubai.
Privatization commission meeting with Financial advisors and Management regarding privatization of FWBL
Caretaker Minister for Privatization, Fawad Hasan Fawad chaired a meeting of the Privatization Commission with the Financial Advisor and Management of First Women Bank Limited (FWBL).
SECP releases annual report of the FY Year 2023-24
The Securities and Exchange Commission of Pakistan has released its annual report for fiscal year 2022-23, which details its accomplishments and financial accounts. Chairman, Akif Saeed expressed satisfaction with the SECP’s focus on fostering capital formation, simplifying procedures, robust enforcement and facilitative measures aimed at ease of doing business in Pakistan.
China starts up world’s first fourth-generation nuclear reactor
The fourth generation Shidaowan plant in China’s northern Shandong province is designed to use fuel more efficiently and improve its economics, safety and environmental footprint as China turns to nuclear power to try to meet carbon emissions goals.
SBP Issued Instructions for Enabling ‘RAAST’ Person to Merchant Service
State Bank of Pakistan has issued instructions to its Regulated Entities for enabling RAAST Person to-Merchant (P2M) payment service for their customers. The Raast P2M system will enable merchants to accept payments through different modes including Unified Quick Response (QR) Codes, Raast Alias (such as mobile phones), bank accounts (IBAN), and Request to Pay (RTP).
SECP & AAOIFI to establish an Islamic finance research & development Centre
The Securities and Exchange Commission of Pakistan and
Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) have joined hands to establish a Joint Research and Development Centre (JRDC) to foster growth in Islamic
finance.
State Bank injects Rs.454.6 billion into market
SBP injected Rs. 454.6 billion in the market through reverse repo purchase and Shariah Compliant Modarabah Open Market Operation (OMO) cumulatively.
Excise Department of Capital City crackdown on 7000 vehicles registration suspend
Crackdown on unauthorized vehicle modifications, the Islamabad Excise and Taxation Department has suspended the registration of over 700 vehicles in the past three months.
In Second quarter of 2023-24 the National Savings issue Rs.40 Billion Islamic Bonds
The Central Directorate of National Savings has secured Rs.40 billion in Islamic finance bonds in the second quarter of the Current Fiscal Year 2023-24.