SECP approved Strategic Action Plan 2024-2026 for development of Islamic finance in non-bank financial sector
The Securities and Exchange Commission of Pakistan (SECP) has approved a Strategic Action Plan 2024-2026 to facilitate the growth and development of Islamic finance in non-bank financial sectors. The plan was prepared by the SECP’s apex committee chaired by Mujtaba Ahmed Lodhi, Commissioner-SCD, established in 2023 with representation from the Pakistan Stock Exchange (PSX), Central…
Mehfooz
China Takes the Lead as Top EV Exporter Worldwide
China leads the global transition to electric vehicles, exporting more EVs than any other country. As a dominant force in the EV market, China’s leadership is shaping the future of sustainable transportation. Just two decades ago, China’s automotive industry was in its infancy, and car ownership was a rare luxury. Fast forward to today, China…
Adil Aziz
New Single Sales Tax Return Introduced for E&P Companies and Microfinance Banks
The Federal Board of Revenue and all the Provincial Revenue Authorities, namely Balochistan Revenue Authority (BRA), Khyber Pakhtunkhwa Revenue Authority (KPRA), Sindh Revenue Board (SRB), and Punjab Revenue Authority (PRA), have unanimously agreed to extend the scope of the Single Sales Tax Return (SSTR) to include two additional sectors: Exploration & Production (E&P) companies and…
Finance Minister Introduces SECP’s ESG Portal to Enhance Corporate Sustainability
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, officially launched ESG Sustain, a centralized online sustainability portal developed by the Securities and Exchange Commission of Pakistan (SECP) in collaboration with UN Women Pakistan in Islamabad. The launch of ESG Sustain marks a significant milestone under SECP’s ESG Roadmap aimed towards advancing sustainable practices across…
DRAP, BOI, MOFA to be integrated with PSW: Asim Awan
Pakistan Single Window (PSW) is in the process of integration with DRAP, BoI, Foreign ministry and private sector service providers to ensure provision of the most efficient, hassle-free and speedy service to the business community. Pakistan Single Window (PSW) is in the process of integration with DRAP, BoI, Foreign ministry and private sector service providers…
Editor
DWP Technologies wins Huawei’s technology integration recognition award at GITEX 2024
DWP Technologies, Pakistan’s leading technology experts and part of the DWP Group, has been honored with the prestigious Data Center Technologies Integration Recognition Award at the Huawei Partner Connect event during GITEX 2024 in Dubai.
PVMA Urges Implementation of Edible Oil Policy
The Pakistan Vanaspati Manufacturers Association (PVMA), led by its Chairman Sheikh Umer Rehan, held a meeting with Federal Minister for Commerce Jam Kamal Khan, highlighting critical challenges facing the edible oil industry and proposing measures to enhance its sustainability and global competitiveness.
KCCI for immediate withdrawal of MRP regulation on imported tea
President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani, in response to concerns expressed by the Pakistan Tea Association (PTA) over fixation of Minimum Retail Price (MRP) of Rs.1200 per kg flat rate on the import of black tea in bulk for further sales tax and withholding tax, urged the government to withdraw this unjust regulation immediately, stating that this measure would not only penalize legitimate importers by forcing them to pay higher taxes but also make tea expensive, particularly for the poor segment of society.
Fertilizer Imports Soar by 121.36% in First Four Months of FY 2024-25
Fertilizer imports into the country have seen a significant increase of 121.36% in the first four months of the current financial year (July-October 2024) compared to the imports of the corresponding period of the last year.
Mobilink Bank named ‘Best Microfinance Bank’ at Pakistan Banking Awards 2024
Pakistan’s leading digital microfinance institution, Mobilink Bank was honored as the ‘Best Microfinance Bank’ at the Pakistan Banking Awards 2024. The recognition highlights the Bank’s pivotal role in advancing financial inclusion and digital empowerment, and underscores its prowess in leveraging innovative fintech solutions to shape a digitally future-ready Pakistan.