SECP raising awareness about the Islamic capital market
The Securities and Exchange Commission of Pakistan, in partnership with the Pakistan Stock Exchange and the IBA Centre for Excellence in Islamic Finance (IBA-CEIF), held sessions to raise awareness about the Islamic capital market.
Editor
Remitlink23 Conference held for Pakistani expatriates in Dubai
The flow of remittances from the Pakistani community in Dubai could increase manifolds through banking channels with the support of financial institutions, the dedicated government scheme, and community developers. Innovative service, incentives, and community building could encourage Pakistani workers in the UAE and Gulf region to utilize banking channels to support their country’s economy in challenging times.
Adil Aziz
Conventional banking being shifted to Islamic mode: State Bank
Additional Director State Bank of Pakistan (SBP). Dr Mohammad Salim has said that under a ruling of the Federal Shariat Court, conventional banking in the country was being shifted into Islamic banking system to get the people rid of interest-based banking.
Car’s sales drop by 43% in first three months
The sale of cars during the first three months of the current financial year 2023-24 has dropped by 43.92 percent as compared to the same months of last year.
Governor SBP meets up with global banks delegation and discusses Pakistan’s economy
Governor State Bank of Pakistan (SBP), Mr. Jameel Ahmad, met key international investors during events organized by global banks, including Barclays, JP Morgan, Standard Bank, and Jefferies on the sidelines of the IMF-World Bank meetings in Marrakech, Morocco. Governor SBP briefed the investors about the recent macroeconomic developments, policy responses to current challenges, and the outlook of Pakistan’s economy, and also answered their questions.
SECP registers 2,477 new companies in September
Foreign investment has been reported in 82 new companies The Securities and Exchange Commission of Pakistan registered 2,477 new companies in September 2023, bringing the total number of companies in Pakistan to 202,892. The total capitalization (paid up capital) of newly incorporated companies stood at Rs. 1.59 billion, said a press release issued. Private limited…
PTCL to sell its twelve surplus immovable assets in nine cities
Pakistan Telecommunication Company Limited has decided to sell its twelve surplus immovable assets in nine cities to strengthen its financial health and service capacity.This is in consideration of the company’s aggressive network and ICT infrastructure expansion plans. Required approvals have been accorded for the planned sale of company’s properties, situated in Attock, Bahawalpur, Faisalabad, Gujranwala,…
Mobilink Bank and VBF team up to drive financial literacy for women
Mobilink Bank, in collaboration with Vision-Building Future (VBF) and Shirakat Partnership for Development, was actively engaged in the European Union (EU) initiative, “Power to Youth.” This strategic endeavour, funded by the EU, was dedicated to providing financial literacy training to more than 100 young individuals, especially women. The “Power to Youth” program’s core objective is…
Kamran Tessori inaugurated 3P Plas Print Pack Pakistan Mega Exhibition
20th International 3P Plas Print Pack Pakistan – Country’s Pioneer and Biggest Exhibition for Plastic, Printing and Packaging industry organized by Fakt Exhibitions (Pvt.) Ltd. opened its doors on 12th October 2023 at Karachi Expo Centre. On this occasion Governor Sindh stated that “Fakt Exhibitions has taken a wonderful initiative by organizing the 3P Plas…
CPEC second phase under development: Sami Saeed
During the seminar four sessions were held which included Trade & Industrial Cooperation, Cultural Exchange & Connectivity, Financial Sector Integration & CPEC & BRI Caretaker Minister for Planning, Development and Special Initiatives Muhammad Sami Saeed made these remarks while speaking at a seminar on the Belt and Road Initiative (BRI): “Paving the Path to Shared…