SECP’s ‘International InsureImpact Conference 2023’ concludes
The Securities and Exchange Commission of Pakistan hosted the International InsureImpact Conference 2023 on December 13-14. On the conference’s second day, prominent experts and professionals from the insurance and financial sectors discussed crucial issues within the insurance industry to outline a strategic roadmap for the future trajectory of the country’s insurance sector.
Mehfooz
SECP to unveil 5-year strategic plan in InsureImpact Conference
The Securities and Exchange Commission of Pakistan will be hosting the International InsureImpact Conference 2023 in Karachi on December 13 and 14, 2023. The broad theme underpinning the conference is “Journey to an Insured Pakistan.” The Federal Minister of Finance and Revenue, Dr. Shamshad Akhtar, will kick off the two-day conference.
Editor
State Bank to Maintain the policy rate at 22%
Monetary Policy Committee (MPC) decided to maintain the policy rate at 22 percent. The decision does take into account the impact of the recent hike in gas prices on inflation in November, which was relatively higher than the MPC’s earlier expectation.
Adil Aziz
First Ijarah Sukuk Auction at PSX results in resounding success
The first primary market auction of the government of Pakistan one-year Ijarah Sukuk at Pakistan Stock Exchange (PSX) has resulted in a resounding success, the Stock exchange said in a statement.
SBP to announce monetary policy today
The State Bank of Pakistan will announce monetary policy on Tuesday. The Monetary Policy Committee (MPC) of the central bank will meet on December 12.
Workers’ remittances record inflow of $2.3 billion in November
The overseas workers’ remittances recorded an inflow of $2.3 billion during last month, the State Bank of Pakistan reported.
Pakistan liquid foreign reserves reach US$12,107.1 Million
The total liquid foreign reserves of Pakistan reached US$12,107.1 million while the central bank held the reserves of$7,020.2 million.
SECP to releasing International Financial Reporting Standard for insurance industry
The Securities and Exchange Commission of Pakistan has notified the adoption of the International Financial Reporting Standard (IFRS) 17 – Insurance Contracts – for the companies engaged in insurance/Takaful and re-insurance/re-Takaful business.
Privatization commission meeting with Financial advisors and Management regarding privatization of FWBL
Caretaker Minister for Privatization, Fawad Hasan Fawad chaired a meeting of the Privatization Commission with the Financial Advisor and Management of First Women Bank Limited (FWBL).
SECP releases annual report of the FY Year 2023-24
The Securities and Exchange Commission of Pakistan has released its annual report for fiscal year 2022-23, which details its accomplishments and financial accounts. Chairman, Akif Saeed expressed satisfaction with the SECP’s focus on fostering capital formation, simplifying procedures, robust enforcement and facilitative measures aimed at ease of doing business in Pakistan.