SECP imposes pricing caps on digital personal loans
The Securities and Exchange Commission of Pakistan imposed pricing caps on digital personal loans by mobile applications. In a significant move towards promoting responsible lending and consumer safety, the Securities and Exchange Commission of Pakistan issued an all-encompassing set of requirements for Non-Banking Financial Companies (NBFCs) offering digital personal loans via mobile applications, said a…
Adil Aziz
UK investors show keen interest in Pakistan’s capital market
The investors of the United Kingdom’s capital and financial market in a meeting with Caretaker Prime Minister Anwaar-ul-Haq Kakar expressed their keen interest in exploring investment opportunities in Pakistan. The leaders of the notable investment firms who met the prime minister in London included Fidelity International Limited (FIL), Wellington Management, Ashmore, Jefferies International, Redwheel Capital,…
SECP warns public against investing in ISMMART Group
The Securities and Exchange Commission of Pakistan (SECP) has issued a warning advising the general public against investing in fraudulent investment schemes of ISMMART Group. The SECP has noticed that an entity, namely “Ismmart Group”, owned by Shaukat Ullah Khan, is prima facie raising deposits from the public by promising them unrealistic monthly returns. It…
OGRA for avoiding speculation on POL prices
Oil and Gas Regulatory Authority underlined the need for avoiding speculations regarding the prices of petroleum products (POL) as these were primarily dependent on international market trends and the Rupee-dollar exchange rates. “Petroleum product prices in our country are primarily dependent on international market prices and the exchange rate of the Dollar. In recent times,…
ABHI & Pakistan Cables partner to provide Earned Wage Access to employees
ABHI, an embedded finance company announced a partnership with Pakistan Cables Limited, the leading cable manufacturer in Pakistan. This collaboration aims to provide AbhiSalary – Earned Wage Access to the employees of Pakistan Cables Limited, thereby promoting financial wellness. Through AbhiSalary – Earned Wage Access, employees can fulfill their financial commitments by accessing their hard-earned…
Govt creating level playing field for businesses: Finance Minister
Federal Minister for Finance, Revenue and Economic Affairs, Dr. Shamshad Akhtar expressed commitment to creating a level playing field for businesses and promoting healthy competition across all sectors of economy. She was talking to Chairman Competition Commission of Pakistan (CCP), Dr Kabir Ahmed Sidhu, who called on the federal minister here, finance ministry posted on…
Cement exports surge by over 130% to $39.6 Million
The cement exports from Pakistan surged by 130.24 percent during the first two months of the current fiscal year as compared to the exports of the corresponding period of last year, Pakistan Bureau of Statistics. Pakistan earned $39.641 million by exporting cement during July-August (2023-24) as compared to eh exports of $17.217 million during July-August…
Dubai’s Investment Potential Beckons Pakistani Investors
Amidst the ongoing global economic uncertainties, Dubai stands out as a beacon of opportunity and growth. Pakistani investors are increasingly turning their attention towards the emirate’s thriving economy and burgeoning sectors. In this regard, an event held in local five star hotel that successfully showcased the wealth of investment opportunities that Dubai offers to Pakistani…
High cost of doing business disastrous for economy: APBF
All Pakistan Business Forum said in a statement that the high cost of doing business has proved to be dangerous for Pakistan’s economy, discouraging investment both in capacity and capability, calling for lessening the burden of heavy taxes on energy sector. APBF President Syed Maaz Mahmood said that the industry has been overburdened due to…
SBP to provide interest-free loans to unemployed women
The State Bank of Pakistan is making it possible to provide unemployed women interest-free loans for starting large scale businesses in order to ensure their economic stability. This was stated by State Bank of Pakistan Deputy Chief Manager in Dera Ismail Khan Fazal Muqeem while addressing a one-day seminar titled ‘Women bank ability and banking…