The Securities and Exchange Commission of Pakistan (SECP) has introduced a set of fit and proper criteria for key executives of corporate restructuring companies. This significant move is aimed at enhancing the regulatory framework governing such entities, ensuring that individuals in key roles meet specific standards of competence, integrity, and professionalism. The fit and proper…
The prevailing political instability in Pakistan has cast a shadow over the economic outlook, raising apprehensions among businesses about the potential for increased challenges in the coming months. The uncertain political climate is viewed as a significant factor that could impact various aspects of the economy, creating a sense of caution and concern within the…
Pakistan’s Dellsons Group has signed an agreement with the Nepal Internet Foundation to build the freelancing ecosystem in Nepal, including a nationwide association, capacity-building programs, and conferences for freelancers. Chairman of Dellsons Group Ibrahim Amin said, “We have gained tremendous expertise to facilitate freelancers in Pakistan along with collaboration with various stakeholders, including commercial banks,…
Learn360, a leading provider of Learning Management Systems (LMS), made waves at the Bett 2024 education technology conference in London, UK, earlier this month. Learn360 not only showcased its award-winning platform to an international audience but also forged key partnerships and secured new business opportunities, setting the stage for its global expansion. Bett, known as…
In a remarkable achievement, the Toyota Corolla Cross has emerged as the top-selling Toyota model, surpassing all other cars in the brand’s lineup for the past month. This accomplishment not only highlights the popularity of the Corolla Cross but also reflects the changing preferences of consumers in the automotive market. The Corolla Cross’s exceptional sales…
In a significant move, the Pakistan Telecommunication Authority (PTA) blocks approximately 1.4 million websites across the country. This initiative is part of PTA’s ongoing efforts to regulate online content and ensure compliance with established regulations governing internet usage in Pakistan. The mass blocking of websites underscores the regulatory measures being implemented to address concerns related…
The World Bank (WB) approves both the extension and restructuring of the “Pakistan Raises Revenue” project. This decision by the World Bank is a significant development aimed at supporting and enhancing Pakistan’s efforts in revenue mobilization and fiscal management. The approval for the extension and restructuring comes as part of the World Bank’s continued commitment…
The Pakistan Stock Exchange (PSX) witnesses a severe downturn as political and economic uncertainty in the aftermath of recent elections triggered a substantial crash in the benchmark KSE-100 index. Stock crumbles by over 1200 points, reflecting the heightened concerns and reactions of investors to the prevailing conditions. Key Highlights of the Market Downturn: Election-Induced Uncertainty:…
The remittance inflow into Pakistan has witnessed a notable surge, marking a substantial 26% increase, as it reached an impressive $2.4 billion during the first month of 2024. This surge in remittances highlights the resilience and strength of the remittance sector, playing a pivotal role in the country’s economic landscape. Key Insights into the Surge…
In the aftermath of the recent election results, Pakistan’s dollar bonds have encountered a substantial downturn, marking a period of financial volatility for the country. The impact of the political developments on the international financial market has triggered a notable decline in the value of Pakistan’s dollar-denominated bonds, reflecting the uncertainty and investor concerns. Key…
