SECP releases Promoter Guides in Balochi, Pushto, Sindhi Languages
The Securities and Exchange Commission (SECP) has taken a significant step to empower potential entrepreneurs, particularly youths from diverse regions, by providing them with an understanding of the process for registering their businesses as companies in their native languages. To achieve this, the SECP has published promoter guides in Balochi, Pushto, and Sindhi. These guidebooks…
Adil Aziz
SBP to issue Rs 100 coin to commemorate 10 years of CPEC
To mark the 10th anniversary of the China-Pakistan Economic Corridor (CPEC), the State Bank of Pakistan (SBP) to issue Rs 100 commemorative coin on Friday. The coin shall be issued through the exchange counters of SBP Banking Services Corporation from August 11, 2023. The government of Pakistan has decided to issue a commemorative coin of…
Dar chaired meeting of CCoIGCT
UAE government-owned firm will pay another US$25 million upfront, concessioner will start development work in September 2023 Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired the meeting of the Cabinet Committee on Inter-Governmental Commercial Transactions (CCoIGCT). The CCoIGCT reviewed the recommendations of the negotiation committee which held its deliberation in two sessions on…
S I Global Solutions Upgrades Cranes in Deep-Sea Container Port
S I Global Solutions has achieved unprecedented success by upgrading cranes at Deep Sea container port with a state-of-the-art advanced surveillance system and the latest technology to bring efficiency in port operations such as cargo and shipment handling. The project will enhance the accuracy of container movement from large-sized vessels at the terminal to its…
Netherlands wants to further bolster trade & investment ties with Pakistan
Ambassador of Netherlands to Pakistan Henny Fokel de Vries said that her country enjoys strong relations with Pakistan and wants to bolster bilateral trade and investment ties with it. The Ambassador said that this year marks the 75 years of bilateral relations between Netherlands and Pakistan. She discussed areas of mutual cooperation between Pakistan and Netherlands, especially…
Karandaaz partners with GBRSP, NIBAF to empower youth through financial literacy training
Karandaaz Pakistan, in collaboration with the National Institute of Banking and Finance (NIBAF) and Gilgit Baltistan Rural Support Programme (GBRSP), successfully conducted a comprehensive series of financial literacy training sessions across five districts in Gilgit Baltistan. These impactful training sessions were held in Nagar, Ganchay, Kharmang, Shigar, and Gilgit, educating a total of 2000 public…
Pakistan’s rice exports likely to touch all-time high level this year
Pakistan’s rice exports will not only be higher than the previous year but are likely to touch an all-time high level this year as a result of the expansion of planting area and the improvement of technology. In addition, the ban on rice exports by India will also help to explore new export markets for…
Agriculture financing hits record Rs.1.78 trillion in FY-23: SBP
The financial institutions disbursed Rs1,776 billion under agriculture financing during fiscal year 2023 and achieved 97.6% of the agriculture credit target of Rs1,819 billion set by State Bank of Pakistan (SBP). The credit disbursement recorded an impressive growth of over 25% compared to Rs 1,419 billion disbursed in same period of last financial year 2022,…
ECC approves proposed revised features of scheme, its budgetary impact as proposed by SBP
The summary of the Finance Division regarding SME Asaan Finance (SAAF) Scheme was submitted for consideration by the ECC The Economic Coordination Committee (ECC) approved the proposed revised features of the scheme and its budgetary impact as proposed by the State Bank of Pakistan (SBP). The ECC considered a summary of Ministry of Industries and…
Highest ever issuance of GOP Ijarah Sukuk in a single month
Government of Pakistan (GOP) on Monday, 7th August 2023 raised a total of PKR 371 Billion (over $1.29bn) through GOP Ijarah Sukuk This was the highest issuance of Sukuk in a single auction by GOP since the start of GOP Ijarah Sukuk program in 2008 On 3rd of August 2023, various bank participated in the…