Mar 29

Five-year old enterprise to be treated as start-up

KARACHI: The State Bank of Pakistan (SBP) on Tuesday amended the regulations and redefined that an entity above five years old will be treated as start-up under small and medium enterprises. The SBP said that in order to align the definitions of small enterprise and medium enterprise with the SME definition prescribed in SME Policy […]

by Faisal Shahnawaz

FBR asked to facilitate startups, e-commerce

Jan 18

IT & Telecom, Taxation

FBR asked to facilitate startups, e-commerce

ISLAMABAD: Federal Board of Revenue (FBR) has been asked to facilitate startups and e-commerce across border exporters in the country. Special Assistant to the Prime Minister (SAPM) on E-Commerce, Senator Aon Abbas Buppi on Tuesday issued the directives at a meeting with FBR Chairman Dr. Muhammad Ashfaq. The SAPM also stated that startups is a […]

by Mrs. Anjum Shahnawaz

SEC Pakistan amends regulations to facilitate startups

Nov 25

Stock & Commodity

SEC Pakistan amends regulations to facilitate startups

ISLAMABAD: The Securities and Exchange Company of Pakistan (SEC Pakistan) has amended regulations to facilitate startups and small companies in raising equities through conventional modes. The regulator introduced amendments in the Companies (Further Issue of Shares) Regulations, 2020 to address the impediments faced by the corporate sector, particularly startups and small companies, in raising equity […]

by Hamza Shahnawaz

PKIC to make Rs500 million investment in Planet N

Jun 3

IT & Telecom

PKIC to make Rs500 million investment in Planet N

KARACHI: Pakistan Kuwait Investment Company (Private) Limited (PKIC) announces that it is making an equity investment of Rs500 million in Planet N (Private) Limited. This is the largest equity investment by a local Financial Institution in a Tech Investment Platform in Pakistan. It was approved by the Board of PKIC in December, 2020. This investment […]

by Mrs. Anjum Shahnawaz

State Bank modernizes forex rules to facilitate startups, fintechs

Feb 10

Money & Banking

State Bank modernizes forex rules to facilitate startups, fintechs

KARACHI: State Bank of Pakistan (SBP) has modernized foreign exchange regulations to facilitate startups, Fintechs and exports, a statement said on Wednesday. The central bank notified revisions in chapter 20 of the Foreign Exchange Manual to facilitate Start-ups, Fintechs and Exports. The new policy for equity investment abroad will attract foreign direct investment through the […]

by Mrs. Anjum Shahnawaz

SECP drafts framework to facilitate startups in Pakistan

Jan 8

Finance

SECP drafts framework to facilitate startups in Pakistan

ISLAMABAD: Securities and Exchange Company of Pakistan (SEC Pakistan) has issued draft regulatory framework to facilitate startups in the country. The SECP said that with the objective to promote growth in the startups sector of Pakistan, it is necessary to make relevant changes in Company Law to facilitate the incorporation process for the startups and […]

by Faisal Shahnawaz