Exports increase by 22.13% to Rs.8.187 trillion in 11 months
The exports from the country in the rupee term witnessed an increase of 22.13 per cent during the past eleven seven months of the current fiscal year (2022-23) as compared to the corresponding period of last year. Exports during July–May (2022-2023) were recorded at Rs. 6,187,511 million as against Rs.5,066,143 million during the corresponding period…
Adil Aziz
SECP has proposed significant amendments in AML/CFT Regulations 2020
The Securities and Exchange Commission of Pakistan (SECP) has proposed significant amendments to the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Regulations, 2020. These amendments aim to enhance the scope of regulations to effectively combat proliferation financing and strengthen the country’s financial integrity framework. SECP has invited the stakeholders to provide their comments and/…
ECC approve to allow import pharmaceutical raw material
The ECC approved another summary of Ministry of Commerce regarding amendment in relevant clause in the Import Policy Order 2022 to allow government agencies to import pharmaceutical raw material. In addition to approving various summaries, the Economic Coordination Committee (ECC) of the Cabinet, approved Rs1,914.83 million technical supplementary grants for various ministries and divisions. According…
Govt unveils Economic Revival Plan to exploit Pakistan’s potential, facilitate investment
The Federal Government, in the wake of economic hardships confronting the country, Tuesday unveiled an elaborated ‘Economic Revival Plan’ with a view to capitalize Pakistan’s untapped potential in key sectors, fast-track the development projects and facilitate investment The Plan was unveiled during a high-level meeting chaired by Prime Minister Shehbaz Sharif and attended by the…
AAA Associates unveiled its iconic Project “AAA OCTA 2” in the presence of renowned Celebrities
Over the weekend, AAA Associates unveiled its most ambitious project to date – the AAA Octa 2 Karachi. This state-of-the-art development, located on the strategic M9 Karachi Motorway, was launched in a grand event including a dazzling array of celebrities from the entertainment industry. These celebrities included Mehvish Hayat, Mikal Zulfiqar, Faisal Qureshi, Bushra Ansari,…
Sweden, Pakistan partner to enable safe, sustainable restoration efforts
The Embassy of Sweden in Pakistan, in collaboration with Business Sweden – the Swedish Trade & Invest Council, hosted a report launch event titled “Rebuild for a Resilient Pakistan.” The event aimed to raise awareness about the ongoing recovery efforts in Pakistan following the devastating floods in 2022 and emphasized the need for long-term, sustainable…
New scheme replaced GSP to help boosting Pakistan, UK trade :Naveed Qamar
Federal Minister for Commerce Syed Naveed Qamar has said the new scheme had replaced the Generalized Scheme of Preferences (GSP) and will help drive business between the UK and Pakistan, reducing the need for aid. Pakistan retains enhanced preferences status and will continue to benefit from duty-free exports to the UK on 94% of goods…
Stock Exchange gains 31 points
The 100-index of the Pakistan Stock Exchange (PSX) gained 31.81 points on Tuesday(June 20), a slight positive change of 0.08 per cent, closing at 40,653.03 points against 40,621.22 points the previous day. A total of 124,856,236 shares were traded during the day as compared to 179,780,375 shares the previous day, whereas the price of shares…
SECP amends Securities, Futures Advisers Regulations to improve investor base
The Securities and Exchange Commission of Pakistan (SECP) notified amendments to the Securities and Futures Advisers (Licensing and Operations) Regulations, 2017. The amendments aim to develop a resilient market for Securities and Futures Advisers, facilitating ease of doing business, improving financial inclusion, and expanding the investor base. The introduced amendments align the existing regulations with…
New UK’s DCTS initiative to boost trade with Pakistan
The United Kingdom’s Developing Countries Trading Scheme (DCTS) has now entered into effect, providing tariff reductions and simpler terms of trade to Pakistan and 64 other countries. The new scheme has replaced the Generalized Scheme of Preferences (GSP) and will help drive business between the UK and developing countries, reducing the need for aid. UK…