Finance

The Securities and Exchange Commission (SECP) prohibits companies from accepting funds from blacklisted international NGOs – Trendy Blogger

by
The Securities and Exchange Commission (SECP) prohibits companies from accepting funds from blacklisted international NGOs – Trendy Blogger

Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has taken strict measures to prevent companies from accepting funding from blacklisted or unregistered international non-governmental organizations (INGOs) operating within Pakistan. In a notification issued on Monday, the Securities and Exchange Commission of Pakistan proposed amendments to the Companies Regulations 2024, emphasizing that companies should not … Read more

The Prime Minister is pushing for a nationwide anonymous customs system – Trendy Blogger

by
The Prime Minister is pushing for a nationwide anonymous customs system – Trendy Blogger

IslamabadPrime Minister Muhammad Shehbaz Sharif has called for rapid expansion of the anonymous customs valuation system to cities outside Karachi, ensuring imports nationwide benefit from the advanced digital framework. Chairing a review meeting on the affairs of the Federal Board of Revenue, the Prime Minister stressed the importance of leveraging technology to reform customs processes. … Read more

CCP gives the green light for TPL Corp and ABHI’s acquisition of FINCA Microfinance Bank – Trendy Blogger

by
CCP gives the green light for TPL Corp and ABHI’s acquisition of FINCA Microfinance Bank – Trendy Blogger

The Competition Commission of Pakistan (CCP) has approved the acquisition of 94.8% stake in FINCA Microfinance Bank Limited by TPL Corp Limited and ABHI (Private) Limited. This transaction represents a significant development in the microfinance sector in Pakistan, as the two entities acquired stakes from the bank’s existing shareholders, including FINCA Microfinance Coöperatief UA, the … Read more

FFC has completed the public offering of Agritech Limited shares – Trendy Blogger

by
FFC has completed the public offering of Agritech Limited shares – Trendy Blogger

The public offering of ordinary shares of Agritech Limited (AGL), managed by Integrated Equities Limited on behalf of Fauji Fertilizer Company Limited (FFC), has been successfully completed. “We would like to inform you that the acceptance period began on Thursday, December 12, 2024, and ended on Saturday, January 4, 2025,” the FFC said in a … Read more

The SBP sets a financial inclusion target of 75% under the National Strategy 2024-2028 – Trendy Blogger

by
The SBP sets a financial inclusion target of 75% under the National Strategy 2024-2028 – Trendy Blogger

The State Bank of Pakistan (SBP) announced its National Financial Inclusion Strategy (NFIS) for 2024-2028, setting an ambitious target to increase financial inclusion from 64% in 2023 to 75% by 2028 and reduce the gender gap in financial inclusion from 64% to 75% by 2028. 34% in 2023 to 25% in 2028. The new strategy … Read more

Pakistan is launching yuan-denominated panda bonds this year – Trendy Blogger

by
Pakistan is launching yuan-denominated panda bonds this year – Trendy Blogger

Pakistan is preparing to issue yuan-denominated bonds for the first time this year to support public finances, Finance Minister Muhammad Aurangzeb said, while the government remains optimistic about meeting the conditions of an IMF bailout loan. The South Asian country plans to raise $200 million to $250 million from Chinese investors over the next six … Read more

Punjab unveils ambitious initiatives for housing, SMEs and agricultural growth – Trendy Blogger

by
Punjab unveils ambitious initiatives for housing, SMEs and agricultural growth – Trendy Blogger

Punjab Chief Minister Maryam Nawaz Sharif has launched transformative programs to boost housing, small businesses, agriculture and renewable energy across the province. These initiatives aim to empower citizens through financial support, modern infrastructure, and enhancing agricultural production. In a recent meeting, Mrs Maryam Nawaz approved Punjab CM Asan Karupar Finance Scheme, a multi-billion rupee program … Read more

Most Gulf markets declined after US jobs data came stronger than expected – Trendy Blogger

by
Most Gulf markets declined after US jobs data came stronger than expected – Trendy Blogger

Most stock markets in the Gulf fell on Sunday after stronger-than-expected US jobs data, strengthening expectations that the Federal Reserve (the US central bank) will likely keep interest rates high for a longer period than many traders are betting on. The Federal Reserve Bank’s decisions have a significant impact on monetary policy in the Gulf … Read more

The International Monetary Fund expects steady global growth amid economic uncertainty – Trendy Blogger

by
The International Monetary Fund expects steady global growth amid economic uncertainty – Trendy Blogger

WashingtonThe International Monetary Fund is preparing to unveil its latest forecast for the global economy on January 17, with expectations of steady global growth and a gradual decline in inflation, according to IMF Managing Director Kristalina Georgieva. Speaking on Friday, Georgieva highlighted that the US economy is performing “better than expected” but noted significant uncertainty … Read more

Tighter US sanctions to limit Russian oil supplies to China and India – Trendy Blogger

by
Tighter US sanctions to limit Russian oil supplies to China and India – Trendy Blogger

New Delhi/Singapore: Chinese and Indian refiners will import more oil from the Middle East, Africa and the Americas, boosting prices and shipping costs, as new US sanctions on Russian producers and ships curb supplies to Moscow’s top customers, traders and analysts said. On Friday, the US Treasury Department imposed sanctions on the two Russian oil … Read more