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Tag: start-up

Five-year old enterprise to be treated as start-up State Bank of Pakistan
Mar 29
Money & Banking

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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