CDNS achieves Rs.750 Billion savings target by January
The Central Directorate of National Savings (CDNS) has realized a target of Rs.750 billion in fresh bonds and achieved 44 percent of the annual target for the first half of the current fiscal year, from July 1 to January 24.
Editor
CM Maryam’s New Business Finance Scheme Set to Transform Punjab
Punjab Chief Minister Maryam Nawaz has unveiled the province’s largest-ever business finance initiative. The CM announced an allocation of over Rs.84 billion for the Punjab Easy Business Finance Scheme and more than Rs.48 billion for the Punjab Easy Business Card Scheme. A substantial portion of these funds, exceeding Rs.36 billion, will be used to offer interest-free loans to eligible individuals. These loans, amounting to up to Rs.1 million each, are expected to benefit over 30 million people in Punjab.
Mehfooz
CCP Approves 95.59% Acquisition of Alfalah Securities by Optimus Capital
The Competition Commission of Pakistan (CCP) has approved the acquisition of a 95.59 percent shareholding in Alfalah Securities (Private) Limited (ASPL) by Optimus Capital Management (Private) Limited (OCMPL) under a Share Purchase Agreement, following a comprehensive competition assessment.
Pakistan’s Foreign Reserves surge to $16.45 Billion
According to a report by the State Bank of Pakistan (SBP) on January 10, 2025, the country’s total liquid foreign reserves totaled US$ 16,450.9 million.
InfraZamin Pakistan and HABIBMETRO Partner to Provide a Structured PKR 800mn Guaranteed Trade Finance Facility to Jaffer Business Systems
InfraZamin Pakistan (IZP), has successfully issued its first short-term guarantee of PKR 600m against a PKR 800M Trade Finance Facility by HABIBMETRO for Jaffer Business Systems. The groundbreaking facility will support Jaffer Business Systems (JBS), an established technology and business solutions provider, to expand its business in digital and IT infrastructure solutions.
Pakistan to Issue Panda Bonds by June, Finance Minister
Federal Minister for Finance and Revenue, Muhammad Aurangzeb, announced that Pakistan will issue Yuan-denominated Panda Bonds as early as June, aiming to further integrate its capital markets with China’s.
SBP Governor urges enhanced Financial Inclusion with all stakeholders
Governor, State Bank of Pakistan, Jameel Ahmad, reaffirmed the central bank’s dedication to increasing financial inclusion through strengthened collaborations with both global and domestic stakeholders.
SECP Introduces regulatory framework for investment plans to facilitate mutual fund industry
The Securities and Exchange Commission of Pakistan (SECP) has further strengthened the regulatory framework for the mutual fund industry by specifying detailed requirements for “Investment Plans.”
SECP notifies adoption of IFRS standards for sustainability disclosure
The Securities and Exchange Commission of Pakistan (SECP) has notified the adoption of IFRS Sustainability Disclosure Standards in a phase-wise manner in Pakistan. The IFRS-S1, ‘General Requirements for Disclosure of Sustainability-related Financial Information’ and IFRS-S2, ‘Climate-related Disclosures’, are issued by the International Sustainability Standards Board (ISSB) and recommended for adoption in Pakistan by the Institute of Chartered Accountants of Pakistan (ICAP).
Adil Aziz
SBP launches new version of eCIB System
The State Bank of Pakistan (SBP), announced the launch of the new eCIB System (V2), an advanced version of its Electronic Credit Information Bureau (eCIB) system that will be in operation with advent of the new year.