Ease of doing business, innovative strategies essential for sustainable business in country: President
President Dr. Arif Alvi said ease of doing business and use of innovative strategies by incorporating digital technology was essential to ensuring sustainable business activities in the country. Addressing at an event of Asaan Karobar Programme, the president emphasized a regulatory yet conducive environment that facilitated the businessmen to easily launch and operate their activities….
Adil Aziz
Measures introduced for removing structural imbalances of economy: Tarin
Minister for Finance and Revenue Shaukat Tarin on Wednesday said that incumbent government had taken concrete steps for introducing measures to remove structural imbalances in national economy to achieve inclusive and sustainable economic growth. Addressing the ‘1st Pakistan Petrochemical Symposium’, organized by Corporate Pakistan Group in collaboration with Board of Investment (BOI), Tarin said that…
SECP leads by example in Corporate Governance, Enterprise Risk Management and Sustainable Development: Aamir Khan
“SECP, as the regulator of not just the corporate sector, but also the capital markets, NBFCs and insurance sector, is passionate about implementing a comprehensive and robust code of corporate governance in Pakistan, being equally focused on promoting effective management, improving transparency, and fostering healthy competition,” said SECP Chairman Aamir Khan in his keynote address…
PM urges expatriates to make “safe investments” in CBD, RUDA projects
Prime Minister Imran Khan Thursday said that there were massive investment opportunities available for the overseas Pakistanis to make safe investments in Central Business District (CBD) and Ravi Urban Development Authority (RUDA) projects. The prime minister, chairing a meeting to review progress on the said projects, said record revenue of Rs. 57.88 billion had been…
SBP facilitates Microfinance Banks to lend for low-cost housing and micro and small enterprises
Building on the measures taken in recent years to encourage financing to priority areas, State Bank of Pakistan (SBP) has revised Prudential Regulations for Microfinance Banks (MFBs) with the goal of promoting access to finance for low cost housing and micro enterprises. The revised regulations are expected to bring down the cost of serving to…
Shell Pakistan Announces Financial Results For 2021
The Board of Directors of Shell Pakistan Limited (SPL) announced financial results for the year ended December 31st, 2021. The company posted a profit after tax of PKR 4,466 million for 2021 compared to the loss of PKR 4,821 million in 2020. 2021 saw significant recovery with a profit after tax in comparison to a…
Textile exports increase by 26.08% to $12.607 bln in 8 months
The exports of textile commodities increased by 26.08 percent during the first eight months of the current fiscal year (2021-22) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported on Tuesday. The textile exports were recorded at $12,607.824 million in July-February (2021-22) against the exports of $9,999.923 million in…
Exports increase by 32.77% to Rs3.520 trillion in 8 months
Exports during July-February (2021-22) were recorded at Rs3,520,242 million as against the exports of Rs2,651,319 million during July- February 2020-21: PBS The exports from the country in rupee term witnessed an increase of 32.77 per cent during the first eight months of the current fiscal year as compared to the corresponding period of last year,…
SECP registers 2,349 new companies in February
The Securities and Exchange Commission of Pakistan (SECP) registered 2,349 new companies in February 2022, raising the total number of registered companies to 163,333. The accumulated capitalization (paid-up-capital) of newly incorporated companies is Rs2.2 billion. During February, foreign investment has been reported in 50 new companies. These companies have foreign investors from Afghanistan, Bahrain, Burma…
Majid Al Futtaim Commits to Cage-Free Eggs under New Animal Welfare Policy in a Regional First
• The Company’s new Farmed Animal Health and Welfare Policy is created with support from UK-based non-governmental organisation, The Humane League• As the first retailer in the region to adhere to the policy, Majid Al Futtaim Retail has set a commitment to only sell cage-free eggs across all its markets by 2032• Majid Al Futtaim…