RDA Inflows surge to $3.92 bn in March
Inflow of remittances under Roshan Digital Account (RDA) rose to US $3.92 billion by the end of March 2022 as compared to US $3.632 billion till end of February last year, according to a latest data released by the State Bank of Pakistan. The data showed that the inflows of remittances during the month of…
Adil Aziz
Revenues grow by 29.1 percent to Rs4.3 trillion in 3 quarters
The net revenues collection by the Federal Board of Revenue (FBR) increased by 29.1 percent during the first three quarters of the current fiscal year as compared to the corresponding period of last year, the board reported here on Thursday. According to provisional figures released by the board, FBR collected Rs4,382 billion during July-March (2021-22)…
The IPG Group Pakistan launched Roshan Digital Account drive in GCC to promote new investment opportunities in Pakistan
The IPG Group Pakistan, a leading sports marketing and international events company and a renowned name in remittance initiative events is facilitating the launch of Roshan Digital Account (RDA) drive for overseas Pakistanis to promote new investment opportunities in Pakistan in collaboration with renowned banks on an international platform. Recently, in partnership with Bank AL…
POS invoice verification expands by 62.7 pc in February
During the month of February about 249,000 invoices were verified by customers who shopped from outlets integrated with FBR POS System as against 153,000 in January 2022 The invoices verified by customers, who shopped from outlets integrated with Federal Board of Revenue’s (FBR) Point of Sale (POS) system, have increased by 62.7 percent during the…
Dubai Islamic Bank collaborates with the company to support and promote the housing finance market in the country
Dubai Islamic Bank and Pakistan Mortgage Refinance Company (PMRC) join hands to support Government’s vision of providing low-cost housing and promoting affordable housing finance in the country. PMRC via this agreement has provided fixed rate concessional funds of Rs. 3 Billion to Dubai Islamic Bank which will not only provide to boost the flow of…
Baqir visits CDC to further strengthen SBP’s commitment to Capital Market development
Governor State Bank Dr. Reza Baqir on Tuesday visited CDC House to mark the successful operationalization of important projects for Pakistan Capital Market, namely Roshan Equity and RAAST for dividend payments, which have been implemented in the recent past by the State Bank in collaboration with the Capital Market and commercial banks. Speaking at the…
PSX continues with bullish trend, gains 505 points
As many as 363 companies’ transacted shares in the stock market, 247 of them recorded gain and 87 sustained losses, whereas the share price of 29 companies remained unchanged The KSE 100-index of the Pakistan Stock Exchange (PSX) continued with bullish on Tuesday, gaining 505.14 points, with a positive change of 1.15 percent, closing at…
Exports to maintain upward trend in March: Finance Ministry
The government measures designed to stimulate exports and discourage unnecessary imports is expected to contribute to constrain current account deficit The exports from the country during the month of March 2022 are expected to continue their upward trend, backed by the export-oriented policies that have been implemented in the recent past, finance ministry said in…
SECP authorizes Burj Modaraba to float first green energy modaraba of PKR1 Billion
The SECP’s Registrar Modaraba, with approval of the Religious Board, authorized floatation of Burj Clean Energy Modaraba (an Islamic Financial Institution) managed by Burj Modaraba Management Company (Private) Limited, under the Modaraba Ordinance, 1980. The floatation of new Modaraba will facilitate the growth of Shariah compliant financial products in the financial services market. After due…
Pakistan Stock Exchange Announces Top 25 Companies Awards Recipients 2020
Pakistan Stock Exchange has announced the recipients of the Top 25 Companies Awards for the year 2020. The key pre-requisites for this prestigious award include Total Shareholder Return (TSR), shares must trade for atleast 50% of the total trading days during the year, and that the company is not in the Defaulters’ Segment of the…