SECP files criminal complaint against two individuals on charges of front-running
Based on an investigation conducted under the Securities Act, 2015, the SECP has filed a criminal complaint against two individuals who were found involved in front-running equity trading by a large institutional investor during the period from October 1, 2021, to December 31, 2021.
Mehfooz
PSX Issues the ESG Primer for Listed Companies
PSX has taken yet another major step in realising its vision of ESG readiness for listed companies by issuing the PSX Primer on Environmental, Social & Governance (ESG). The sector agnostic Primer on ESG is a detailed booklet and first of a series of publications meant for guiding listed companies on reporting on ESG. The PSX Primer enables listed companies to understand ESG opportunities and risks, and educates stakeholders on the usage of ESG data while providing guidance to listed companies on producing a Sustainability Report. This is in line with the roadmap and guidance framework of the SECP to promote and encourage ESG reporting among listed companies.
Editor
SBP & PM’s Youth Programme deliberated to enhance youth Business Loan Scheme
State Bank of Pakistan, Chairman of the Prime Minister’s Youth Programme, Rana Mashhood Ahmed Khan, Banks and other Microfinancing Institutes (MFIs), discussions centered around fortifying the framework of the Tier 1 of Prime Minister’s Youth Business Loan Scheme.
Big industry grows by 0.06 % in February 2024
The output of the Large Scale Manufacturing Industries (LSMI) witnessed an increase of 0.06 per cent during the month of February 2024 compared to the same month of last year, the Pakistan Bureau of Statistics (PBS) reported.
SECP’s report on Pakistan’s potential for micro and inclusive insurance
The Securities and Exchange Commission of Pakistan has issued a report titled “Unlocking the Potential of Micro and Inclusive Insurance in Pakistan,” which provides an overview of the current landscape and vast untapped potential market for inclusive insurance. The report’s draft version and synopsis were presented at the International InsureImpact Conference, 2023, held in Karachi.
Adil Aziz
American businessmen can invest in IT, Agriculture, Mining, energy sectors
Federal Minister for Finance and Revenue, Muhammad Aurangzeb urged the influential Pakistani American businessmen and tech entrepreneurs to capitalize on the growing opportunities in Pakistan in key sectors of agriculture, Information Technology (IT), mining and energy.
Pakistan initiates discussing new multi-billion loan programme with IMF
Pakistan has initiated discussions with the International Monetary Fund (IMF) over a new multi-billion dollar loan agreement to support its economic reform program, Federal Minister for Finance and Revenue, Muhammad Aurangzeb said.
IFC approves financing for PTCL Group’s acquisition of Telenor Pakistan
The Board of Directors of the International Finance Corporation (IFC) has provided a go-ahead for financing to PTCL Group for the purchase of Telenor Pakistan. The decision follows PTCL Group’s signing of a share purchase agreement with Telenor Pakistan for the acquisition of a 100 percent stake in the company on a cash-free, debt-free basis.
Globally food’s prices rise in seven months: FAO
Global food prices in March recorded their first monthly increase in seven months, driven by higher costs of vegetable oils and dairy products, the Food and Agriculture Organization, reported.
American Business Council proposes steps for documenting economy
The American Business Council (ABC) of Pakistan has proposed documenting the country’s economy by emphasizing tax reforms and ease of doing business in the upcoming budget 2024-25.