exchange

Pakistan poised to lead Shariah-compliant finance: Chairman, Securities and Exchange Commission of Pakistan – Trendy Blogger

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Pakistan poised to lead Shariah-compliant finance: Chairman, Securities and Exchange Commission of Pakistan – Trendy Blogger

Islamabad: Chairman of the Securities and Exchange Commission of Pakistan (SECP), Akif Saeed, highlighted Pakistan’s potential to become a global leader in Shariah-compliant finance. Speaking at a press conference, he revealed that the compliance rate in Pakistani capital markets had reached 90%, in line with international standards. The announcement came ahead of the 2nd International … Read more

In 2000, the Securities and Exchange Commission issued an order. It has taken IHC 24 years to support it – Trendy Blogger

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In 2000, the Securities and Exchange Commission issued an order. It has taken IHC 24 years to support it – Trendy Blogger

Victories by the Securities and Exchange Commission of Pakistan (SECP) are few and far between when it comes to capital markets. When they end up with a win in their column, it’s cause for celebration. Even if it comes 24 years after the original order was issued. This is exactly what happened earlier this month, … Read more

The Reserve Bank of Pakistan revealed that Pakistan’s foreign exchange reserves fell to $15.93 billion – Trendy Blogger

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The Reserve Bank of Pakistan revealed that Pakistan’s foreign exchange reserves fell to .93 billion – Trendy Blogger

Pakistan’s total liquid foreign reserves fell to $15.93 billion as of November 1, 2024, representing a decline from the previous week’s $16.05 billion, according to recent data released by the State Bank of Pakistan (SBP). The latest figures show that the State Bank of Pakistan holds $11.17 billion of the total, while commercial banks hold … Read more

SBB expects foreign exchange reserves to rise to $13 billion by the end of the current fiscal year – Trendy Blogger

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SBB expects foreign exchange reserves to rise to billion by the end of the current fiscal year – Trendy Blogger

State Bank of Pakistan building in Karachi. – Application/File KARACHI: Despite difficult conditions, Pakistan’s external account has improved significantly since October 2023, State Bank of Pakistan Governor Jamil Ahmed said. Hence, the Central Bank Governor expects the country’s foreign exchange reserves to reach $13 billion by the end of the current fiscal year. This came … Read more