The federal government has issued a notification, appointing Mr. Farrukh H. Sabzwari as Chairman of the Securities and Exchange Commission… Read More
China to Secretly Lend $2 Billion to Support Pakistan: Report
China is going to lend $2 billion to the country as balance of payments support. According to a report in international… Read More
2018 Was a Nightmare Year for PSX [Roundup]
2018 was another nightmare year for Pakistan Stock Exchange (PSX) as it lost $26 billion in market capitalization over the… Read More
Pakistani Banking Sector in 2018 [Roundup]
2018 proved to be a critical year for the banking sector of Pakistan which exposed its hidden weaknesses in operations… Read More
SECP Orders Microfinance Companies to Adopt Complaint Management Mechanism
Securities and Exchange Commission of Pakistan (SECP) has issued guidelines for grievance redress system in Non-Bank Microfinance Companies (NBMFCs) to… Read More
Shehbaz Sharif’s Appointment as PAC Chairman Challenged in LHC
As the incarcerated opposition leader in the National Assembly Shehbaz Sharif is set to chair the first meeting of Public… Read More
Pakistan to Launch “Panda Bond” for Raising Money in Global Markets
Pakistan has approved the launching of Panda Bond in Chinese-denominated Yuan currency. The federal cabinet approved a strategy to issue… Read More
Foreign Reserves Decrease By $591 Million This Month
The situation of foreign exchange reserves remained volatile with constant inflows and outflows of receipts in the closing month of… Read More
Farrukh Sabzwari Appointed as SECP Chairman
The federal cabinet, on Thursday, approved the appointment of Farukh Sabzwari as Chairman, Securities and Exchange Commission of Pakistan (SECP).… Read More
NBP and Bank Aljazira Partner to Boost Remittances from Saudi Arabia
The National Bank of Pakistan (NBP) will jointly work with Bank Aljazira for increasing remittances from Saudi Arabia through legal… Read More
Noor Financial Divests Rs. 1.2 Billion from Meezan Bank
Noor Financial Investment Company continued with its divestment plans in Meezan Bank as it sold over 15.7 million shares to… Read More
Pakistan is Set to Receive $6 Billion Bailout Package from UAE
With the announcement of Abu Dhabi Fund for Development last week, that it will deposit $3 billion in the State… Read More
Another Bailout: UAE to Deposit $3 Billion in State Bank of Pakistan
The UAE, on Friday, officially announced to deposit $3 billion dollars in the central bank of Pakistan to support Pakistan… Read More
Govt to Introduce Another Mini-Budget to Deal with Economic Challenges
As the government has yet to overcome the economic challenges the country is faced with, another mini-budget is on the… Read More
ADB Refuses to Finance CPEC Projects
In a setback, ADB has refused to finance projects being executed in Pakistan under the banner of CPEC. The Asian… Read More
