SECP issues draft professional clearing members regulations

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued draft Professional Clearing Members (PCM) Regulations, 2020 for public consultation. Professional clearing members denotes the concept of a third party independent... Read more »

SRB revises sales tax jurisdiction of commissioners

KARACHI: Sindh Revenue Board (SRB) on Monday revised jurisdiction of commissioners with effect from July 06, 2020. Following is the revised jurisdiction of commissioners: Commissioner-I Unit 2: Hotels, motels and Guest Houses;... Read more »

Foreign investors express satisfaction on security environment

KARACHI: The foreign investors operating in Pakistan have showed satisfaction over security environment especially after quick response of law enforcement agency against failed terror attack on Pakistan Stock Exchange (PSX). “The smooth... Read more »

Equity market gains 151 points to follow global stocks

KARACHI: The equity market gained 151 points on Monday to observe positive streak and follow international market movement. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 35,203 points as... Read more »

SBP expands refinance facility for health sector to combat COVID-19

KARACHI: The State Bank of Pakistan (SBP) on Monday expand the refinance facility at lower rates for health sector in order to combat COVID-19. On March 17, 2020, SBP introduced a refinance... Read more »

Rupee weakens by 51 paisas on import, corporate demand

KARACHI: The Pak Rupee ended down by 51 paisas against the dollar on Monday owing to higher demand for import and corporate demand. The rupee closed at Rs166.72 to the dollar from... Read more »