Foreign exchange rates in Pakistan for today, January 14, 2025 – Trendy Blogger
The Treasury and Capital Markets Group of the National Bank of Pakistan (NBP) issued the following exchange rates bulletin on Tuesday.
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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 Securities and Exchange Commission (SECP) provides detailed guidelines for mutual fund investment plans – Trendy Blogger
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has updated the regulatory framework for the mutual fund industry by introducing specific requirements for “investment plans”. These updates are based on provisions added through the amendments to the Non-Banking Finance Companies and Reported Entities Regulations 2008 (NBFC Regulations), according to a press release. The framework … Read more
SBP doubles minimum capital requirement for exchange houses to Rs 1 billion – Trendy Blogger
The State Bank of Pakistan (SBP) has raised the minimum paid-up capital requirement for exchange houses to Rs 1 billion, significantly tightening regulations to formalize the currency market. Dawn said the updated regulatory framework poses challenges for older companies while making it more difficult to establish new ones. In September 2023, the State Bank of … Read more
Pakistan’s foreign exchange reserves declined by $261.2 million – Trendy Blogger
Pakistan’s foreign exchange reserves saw a decline of $261.2 million or 1.57% on a week-on-week basis, bringing the total to $16.37 billion during the week ending December 20, 2024. The decline was primarily driven by a significant decline in reserves held by Pakistan. State Bank of Pakistan (SBP). According to data released by the State … Read more
The Dubai Stock Exchange index reaches its highest level in ten years – Trendy Blogger
Dubai’s main stock index reached its highest level in more than a decade on Wednesday, rising 0.1% to close at 5,084 points, its highest level in 10 years and three months. Other Gulf markets were weak as investors expected smaller interest rate cuts by the US Federal Reserve next year. Emirates NBD Bank shares gained … Read more
Foreign exchange rates in Pakistan for today, December 18, 2024 – Trendy Blogger
The Exchange Rates Committee of Pakistan Financial Markets Association issued the following exchange rates bulletin on Wednesday.
The Securities and Exchange Commission approves the 2024-2026 strategic action plan to develop Islamic finance in the non-banking financial sector – Trendy Blogger
IslamabadThe Securities and Exchange Commission of Pakistan (SECP) has approved its strategic action plan for 2024-26, which aims to promote the growth and development of Islamic finance in the non-banking financial sector. According to details, the plan has been formulated by the Supreme Committee of the Securities and Exchange Commission of Pakistan, headed by Mr. … Read more
Foreign exchange rates in Pakistan for today, December 9, 2024 – Trendy Blogger
The Exchange Rates Committee of Pakistan Financial Markets Association issued the following exchange rates bulletin on Monday.
NPPMCL urges SBP to release foreign currency in exchange for maintenance payments – Trendy Blogger
National Power Parks Management Company (Private) Limited (NPPMCL), a government-owned independent power producer (IPP), has invited the State Bank of Pakistan (SBP) to approve the transfer of US$4.7 million to General Electric (GE) for… Maintenance work. Of power plants powered by liquefied natural gas (RLNG). According to media reports, the payment delay is due to … Read more