SECP Inaugurates Pakistan’s Innovative Start-Up Summit
The Securities and Exchange Commission of Pakistan (SECP) inaugurated Pakistan’s first-ever start-up summit in Karachi to empower innovation and economic growth.
Mehfooz
Workers’ Remittances surge by 34.7% to $11.8 Billion in four months
The Workers’ remittances increased by 34.7 percent during the first four months of the current fiscal year as compared to the corresponding period of last year, according to the latest statement of State Bank of Pakistan (SBP).
Emirates Group reports record half-year results for 2024-25
The Emirates Group today announced its best-ever half-year financial performance, posting a profit before tax of AED 10.4 billion (US$ 2.8 billion) for the first six months of 2024-25, surpassing its record profit before tax for the same period last year.
Hexalyze shines at Singapore Fintech Festival
Pakistan’s IT companies and fintech operators are looking to grab business opportunities in the fintech sector worldwide, expanding their footprint in different countries, attracting investment, and winning projects against their innovative services and products, which is depicting the participation of over ten companies in the most significant global event—Singapore Fintech Festival.
Banks, Financial Institutions, and PSX to Close on November 9 for Iqbal Day
The State Bank of Pakistan (SBP) and all the banking and financial institutions will observe public holiday on November 9, 2024 on the occasion of Allama Iqbal Day.
LUMS collaborates with Lahore Biennale to drive climate awareness
Amidst escalating environmental challenges in Pakistan, including record air pollution levels, LUMS has collaborated with the Lahore Biennale’s Climate Congress to hold a series of sessions at the University from November 6-8, 2024.
Muhammad Aurangzeb Inaugurates SECPs Electronic Mortgage Register for Banks and Financial Institutions
Federal Minister for Finance and Revenue, Muhammad Aurangzeb launched SECPs Electronic Mortgage Register of Companies, a landmark initiative designed to provide a centralized system for accessing and verifying mortgage information of companies.
PSX appoints Farrukh H. Sabzwari as new CEO
Pakistan Stock Exchange (PSX) announced the appointment of Farrukh H. Sabzwari as its Chief Executive Officer (CEO).
2.5% Rate Cut in Interest Not Reflective of Inflation’s Downward Trend
President of the Karachi Chamber of Commerce and Industry (KCCI), Muhammad Jawed Bilwani, while commenting on the State Bank’s decision to reduce the interest rate by 2.5 percent, bringing it down to 15 percent, stated that while KCCI had anticipated a more substantial reduction of at least 5 percent, the actual cut of 2.5 percent was inadequate and did not align with the declining trend in inflation, which has now fallen to single digit.
SECP Warns Public About Rise in Fraudulent Trading Platforms
The Securities and Exchange Commission of Pakistan warns the public regarding a surge in fraudulent investment schemes being promoted on social media platforms, including Facebook, Instagram, and WhatsApp.