SECP releases Annual Report for FY 2020-21
The Securities and Exchange Commission of Pakistan (SECP) has released its annual report for the fiscal year 2020-21. The report covers the reforms undertaken with the objectives to ensure effective enforcement, improve access to finance, encourage capital formation, simplify regulatory processes and reduce costs of doing business. SECP Chairman Aamir Khan, in his message published…
Adil Aziz
Uzbek envoy hinted at possibility of Pak- Uzbekistan FTA
Ambassador of Uzbekistan to Pakistan, Aybek Arif Usmanov on Friday said that the possibility of signing a free trade agreement between Pakistan and Uzbekistan cannot be ruled out. A Preferential Trade Agreement (PTA) has been signed for the promotion of bilateral liberal trade between the two countries, which has a great potential to increase bilateral…
Govt committed to provide friendly environment to investors: Miftah Ismail
Federal Minister for Finance and Revenue, Miftah Ismail said here on Thursday that the incumbent government was committed to provide conducive and friendly environment to the investors and businessmen for the growth of economic activity and enhancement of exports. In a meeting with the Vice Chairman of Indus Motor Company, Shini Yanagi, the Finance Minister…
Rs1,949.72 million released for 13 petroleum sector projects in 10 months
The government has released funds amounting to Rs1,949.72 million to execute seven ongoing and six new petroleum-related projects during the first 10 months of the current fiscal year under the Public Sector Development Programme (PSDP 2021-22) against a total allocation of Rs3,249.54 million. Out of the total disbursement of Rs1,949.72 million, around Rs586.54 million have…
Pak, IMF kick off 7th review on EFF programme
Federal Minister for Finance and Revenue, Miftah Ismail held a virtual meeting with International Monetary Fund (IMF) Mission Chief on Wednesday, kicking off the 7th review on Extended Fund Facility (EFF) of the fund. According to press statement issued by the finance ministry, the meeting was attended by Minister of State for Finance and Revenue,…
SBP and IFC join hands to promote Agriculture Finance through Warehouse Receipts
Deputy Governor State Bank of Pakistan (SBP) Ms. Sima Kamil while addressing a two-day specialized training workshop on Electronic Warehouse Receipt Financing (EWRF) for banks observed that the subject training program will be instrumental to support SBP’s recent initiative to promote EWRF in the country and banks will be able to get hands on knowledge…
CCP conducts search & Inspection of two undertakings
As part of an investigation into the prima facie violations of Section 4 of the Competition Act, 2010, the Competition Commission of Pakistan (CCP) today carried out search and inspection of the offices of two undertakings that are suspected of fixing and circulating freight charges among its members at the country’s two leading seaports. The…
State Bank issues Advisory against Illegal offshore Foreign Exchange Trading Websites, Mobile Applications and Platforms
State Bank of Pakistan (SBP) has noticed that an increasing number of offshore foreign exchange trading websites, mobile applications and platforms such as OctaFX, Easy Forex, etc. are offering their products and services to residents of Pakistan. These digital platforms lure people through social media advertisements to buy/invest in their products or services. Examples of…
Fly Emirates to Dubai and avail a complimentary stay
Passengers travelling to Dubai with Emirates can now enjoy a 1 night complimentary stay when flying in Economy Class & 2 nights complimentary stay when flying Business or First class. Not only this, passengers can also avail additional 10kg baggage allowance on their flights to and from Dubai, without any further costs. This offer is…
Zameen.Com Signs MoU with the Institute of Financial Markets of Pakistan
Zameen.com, Pakistan’s leading real estate enterprise, signed an MOU with the Institute of Financial Markets of Pakistan (IFMP) in a ceremony held at Zameen’s Karachi office. As per the MOU, Zameen’s training and development venture ‘Zameen Academy’ will include modules related to Real Estate Investment Trusts, Anti Money Laundering, and other financial topics. The purpose…