Roshan Digital Accounts to reach $9 Billion Mark in Deposits
The number of Roshan Digital Accounts has reached 757,587 with an addition of over 11000 new accounts by the end of October 2024 while the total amount funded in the RDAs so far reached near $ 9 billion.
Editor
PSX Index Climbs to Historic High of 97,328.40 Points
The 100-Index of the Pakistan Stock Exchange turned around to bullish trend on Thursday, gaining 1,781.94 points, a positive change of 1.87 percent, closing all time high at 97,328.40 points as compared to 95,546.46 points on the last trading day.
Adil Aziz
SBP grants license to E-Processing Systems for commercial operations
The SBP has given License to M/s. E-Processing Systems Private Limited (EPSPL) to commence commercial operations as an Electronic Money Institution (EMI). Under the license, the EMI shall offer e-money wallets to consumers, merchants and agents.
RDA Inflows Surge to $8.953 Billion in October 2024
The inflow of remittances under Roshan Digital Account (RDA) has risen to US $8.953 billion by the end of October 2024 as compared to US $8.749 billion by September (2024) end.
SECP announces new regulations for Securities Managers
The Securities and Exchange Commission of Pakistan (SECP) has notified the Securities Managers (Licensing and Operations) Regulations, 2024 with the objective to facilitate investment advisory in the securities market.
Workers’ Remittances surge by 34.7% to $11.8 Billion in four months
The Workers’ remittances increased by 34.7 percent during the first four months of the current fiscal year as compared to the corresponding period of last year, according to the latest statement of State Bank of Pakistan (SBP).
Mehfooz
InfraZamin Pakistan seminar advocates Green Bonds for Sustainable Finance
InfraZamin Pakistan, Pakistan’s premier credit enhancement guarantor, in collaboration with the State Bank of Pakistan (SBP), Pakistan Banks’ Association (PBA), and the Private Infrastructure Development Group (PIDG) hosted a seminar titled Enabling Green Financing and Green Bonds via Credit Enhancement Solutions today at a local hotel.
National Savings Reduces Profit Rates on Savings Certificates
Return rates for Special Savings Certificates (SSC) have been adjusted down by 12.26 %, and Defense Savings certificates by 12.12 %, according to the senior official of CDNS.
Banks, Financial Institutions, and PSX to Close on November 9 for Iqbal Day
The State Bank of Pakistan (SBP) and all the banking and financial institutions will observe public holiday on November 9, 2024 on the occasion of Allama Iqbal Day.
Muhammad Aurangzeb Inaugurates SECPs Electronic Mortgage Register for Banks and Financial Institutions
Federal Minister for Finance and Revenue, Muhammad Aurangzeb launched SECPs Electronic Mortgage Register of Companies, a landmark initiative designed to provide a centralized system for accessing and verifying mortgage information of companies.