Pakistan’s first Special Credit Guarantee company launches by joint venture of Finance Ministry and Karandaanz
Ministry of Finance and Karandaaz launched Pakistan’s first special credit guarantee company namely the National Credit Guarantee Company Limited (NCGCL), with an objective to provide financial assistance to small and medium-sized enterprises (SMEs) in the country.
Adil Aziz
IMF Board approves $700 Million for Pakistan
The Executive Board of the International Monetary Fund (IMF) completed the first review of Pakistan’s economic reform programme supported by its Stand-By Arrangement (SBA).
Worker’s remittances inflows recorded during December reaches US$2.4 Billion
Workers’ remittances recorded an inflow of US$2.4 billion during Dec 2023.
Editor
National Saving sets target of Rs.960 Billion for the next half yearly
The Central Directorate of National Savings (CDNS) has achieved a target of Rs 960 billion in fresh bonds in the current fiscal year, from July 1 to January 9th 2023-24.
Mehfooz
Mobilink Bank and NIBAF’s synergistic initiative to foster Financial Inclusion
Mobilink Bank, Pakistan’s leading digital microfinance institution, partnered with the National Institute of Banking & Finance (NIBAF) to share its vision and practices with the entire banking industry as a result of introducing an innovative product of Commercial Vehicle. The idea behind bringing this product is to nurture entrepreneurship and foster economic growth, generating employment opportunities that contribute substantially to societal development.
CDNS secure Rs.50 Billion investment in Islamic finance bonds
The Central Directorate of National Savings has secured Rs 50 billion in Islamic finance bonds at the end of the second quarter of the current fiscal year 2023–24.
LTO Karachi surpasses target of Rs.1221 Billion tax in collection
Federal Board of Revenue Large Taxpayer Office Karachi for the first time crossed one trillion benchmark of half-yearly collection by incurring taxes amounting to Rs.1221 billion during July to December 2023.
PSX turns around to bullish trend, gains 297 points
The 100-index of the Pakistan Stock Exchange turned around to bullish trend, gaining 297.25 points, a positive change of 0.46 percent, closing at 64,646.85 points against 64,349.60 points the previous trading day.
Fiscal deficit’s curtails to 0.8 percent of GDP: Report
Owing to consolidated measures implemented by the government, the fiscal deficit has been curtailed to 0.8 percent of GDP during the first four months of the current fiscal year.
SECP organizes financial reporting workshop on capital markets
The Securities and Exchange Commission of Pakistan hosted a financial reporting workshop for journalists to elaborate on various factors and elements that can impact performance and cause volatility in the equities market.