PAKISTAN-AFRICA TRADE DEVELOPMENT CONFERENCE AND SINGLE COUNTRY EXHIBITION 23-25th NOV 2021, LAGOS NIGERIA
Ministry of Commerce in collaboration with Trade Development Authority of Pakistan held 2nd Pakistan –Africa Trade Development Conference (PATDC) in Lagos, Nigeria. Under Look Africa Policy various initiatives have been taken by Ministry of Commerce to enhance trade relations with African states. Second PATDC has been organized in Lagos, Nigeria aiming to further enhance our…
Adil Aziz
SECP amends regulations to greatly facilitate SMEs and Startups
The SECP has introduced amendments in the Companies (Further Issue of Shares) Regulations, 2020 to address the impediments faced by the corporate sector, particularly startups and small companies, in raising equity through conventional modes. Key changes include permission to convert one class of shares into another class, issuance of shares with differential rights without approval…
Mobilink Microfinance Bank and Daraz partner in an industry-first linkage to Empower Women Entrepreneurs
Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has partnered with Daraz, Pakistan’s leading online marketplace to facilitate MMBL borrowers specifically women entrepreneurs, by enabling them to become sellers on Daraz. Through this collaboration, MMBL and Daraz will provide adequate opportunities to promote Small and Medium Size Enterprises (SMEs), more so now as the…
SBP Hikes Policy Rate By 1.5%
The Monetary Policy Committee (MPC) decided to raise the policy rate by 150 basis points to 8.75 percent. This reflected the MPC’s view that since the last meeting, risks related to inflation and the balance of payments have increased while the outlook for growth has continued to improve. The heightened risks related to inflation and…
Mondelēz Pakistan bags award for Gender Diversity at Workplace award
At the prestigious occasion of the 18th Annual Excellence Awards by CFA Society Pakistan, Mondelēz Pakistan received The Gender Diversity at Workplace Award 2021. The award recognises leading organisations for the efforts made in different domains of their business operations and management styles in relation to enhancing their gender diversity representations within the organisation. As…
SSGC, SNGPL To Enhance Capacity Production of Meters Manufacturing
The managements of Sui Southern Gas Company and Sui Northern Gas Pipeline Company decided to stressed upon working in unison to improve the Plant’s manufacturing capacity, add new product lines and introduce new assembly lines to maximize product localization and thus develop employment opportunities in the country and in addition, save valuable foreign exchange through…
SBP raises Banks’ Cash Reserve Requirement from 5 percent to 6 percent to contain monetary expansion and moderate domestic demand
SBP has decided to increase the average Cash Reserve Requirement (CRR), to be maintained during a period of two weeks by scheduled banks, from 5 percent to 6 percent and minimum CRR to be maintained each day from 3 percent to 4 percent. CRR is the amount of money that banks are required to keep…
Governor SBP meets with Governors of Saudi Central Bank and Bank Indonesia
Governor Sate Bank of Pakistan (SBP), Dr. Reza Baqir, met the Governors of Saudi Central Bank (SCB) and Bank Indonesia (BI) today on the side lines of the 15th Islamic Finance Services Board (IFSB) Summit 2021, hosted by the Saudi Central Bank, in Jeddah. In separate meetings with the two Governors, various topics of…
500 Global Delegation meets with Chairman STZA to discuss Pakistan’s technology potential
A high-level delegation from global venture capital firm 500 Global visited the Special Technology Zones Authority (STZA) in Islamabad to meet with Chairman STZA Mr. Amer Hashmi and his team. The delegation from 500 Global included Chief Operating Officer and Managing Partner Courtney Powell, Board Member Max Scheder-Bieschin and Alysia Lopez, Executive Assistant to 500…
Emirates Group announces half-year performance for 2021-22
The Emirates Group today announced its half-year results for its 2021-22 financial year. Group revenue was AED 24.7 billion (US$ 6.7 billion) for the first six months of 2021-22, up 81% from AED 13.7 billion (US$ 3.7 billion) during the same period last year. This strong revenue recovery was underpinned by the easing of travel…