CDC SR Introduces Pakistan’s First WhatsApp E-Voting Solution
CDC Share Registrar Services Limited, a wholly owned subsidiary of Central Depository Company of Pakistan Limited launched its latest innovation: E-Voting through WhatsApp.
Editor
ABHI and TPL Corps complete acquisition of FINCA Microfinance Bank
ABHI and TPL Corps have officially completed the acquisition of FINCA Microfinance Bank Limited. The final signing ceremony took place in the presence of prominent leaders from both organizations and key stakeholders, including Omair Ansari, CEO of ABHI, Ali Jameel, CEO of TPL Corp Limited, and Jeffery Smith, Vice President – Chief Administrative Officer of FINCA. The event marked the formal conclusion of this strategic partnership, which aims to expand access to innovative financial solutions and accelerate financial inclusion across Pakistan.
Mehfooz
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.
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.
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.”