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CDC and IAP sign MoU for Life Insurance Policy Finder The MoU was signed by CEO CDC and SG IAP, in the presence Director, and other senior members of SECP,State Life, Adamjee Life and EFU Life. Karachi  (   Web  News   ) Being at the forefront of end-user facilitation and creatingRead More →

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Barkat Frisian’s IPO to fetch up to 1.23 billion on 17 & 18 February KARACHI  (   WEB  NEWS   ) Barkat Frisian Agro Limited, a joint venture of Frisian Egg Group of Netherlands and Pakistan’s Buksh Group, is all set to raise up to 1.2 billion financing from PSX through theRead More →

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SECP notifies amendments to Corporate Restructuring Companies Rules, 2019 The subject Rules have been amended in consultations with the SBP, International Finance Corporation & public at large ISLAMABAD   ( Web News  ) The Securities and Exchange Commission of Pakistan (SECP), under the auspices of the federal government, has notified amendmentsRead More →

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Plan to provide a favorable regulatory framework for the non-banking finance sector Draft of Proposed Amendments to Non-Banking Finance Companies Rules, 2003 Released for Public Opinion ISLAMABAD (  Web  News  ) Securities and Exchange Commission of Pakistan (SECP) has approved the proposed amendments to the Non-Banking Finance Companies (Establishment andRead More →

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ISLAMABAD  ( Web News ) Pakistan has determined the conditions of identification documents for those who open bank accounts for business given international agreements to prevent money laundering and financing of terrorism under international agreements. The Securities and Exchange Commission of Pakistan (SECP) has released the new version of Anti-MoneyRead More →

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SECP records 25% rise in company registrations The collective capitalization for these newly registered entities amounted to Rs3.3 billion. ISLAMABAD ( Web News ) The Securities and Exchange Commission of Pakistan (SECP) has registered 2,220 new companies in July 2023, reflecting a substantial 25% increase from the previous year. TheRead More →

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SECP prescribes rating requirement for investment in short term instruments by CISs ISLAMABAD ( Web News ) To protect unit holders’ investments in various schemes launched by asset management companies (AMCs) and to improve transparency and efficiency, the Securities and Exchange Commission of Pakistan (SECP) has specified rating requirement forRead More →

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LAHORE (WEB DESK) TPL Insurance Limited, a leading non-life insurance provider in Pakistan, today announced its Board of Directors’ approval of a draft Scheme of Arrangement under Section 279 to Section 282 and Section 285 of the Companies Act, 2017. The scheme outlines the acquisition of the assets and liabilitiesRead More →

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In: Banking Sector
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KARACHI (WEB NEWS) Bank Alfalah, one of the largest commercial banks in Pakistan, has made a significant entry into the venture capital ecosystem as it has signed an agreement to acquire a 7.2% equity stake worth PKR 140 million in QistBazaar, a fast-growing, Securities and Exchange Commission of Pakistan (SECP)Read More →

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KARACHI (WEB DESK) SECP has recently made amendments in the Companies (Postal Ballot) Regulations, 2018 whereby the right to vote through electronic voting facility must be provided to members of every listed company for all businesses classified as special business under the Companies Act 2017. These amendments have especially beenRead More →

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SECP holds premier environmental, social & governance Symposium ISLAMABAD ( Web News ) The Securities and Exchange Commission of Pakistan (SECP) in collaboration of UN WOMEN held a premier ESG symposium to keep the momentum of discussion on ESG practices and facilitate sustainable investment. The symposium was a full dayRead More →

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ISLAMABAD ( Web News ) The Competition Commission of Pakistan (CCP) held the 22nd meeting of the Competition Consultative Group sharing the CCP’s initiatives, performance and strategic vision. A presentation was also given on the CCP’s draft Report on SME Sector exploring the ways and means of improving competitiveness andRead More →