Business
Governor SBP inaugurates Polyculture Forest and Museum Laboratory
Karachi, October 20, 2020: Governor SBP Dr. Reza Baqir inaugurated the Polyculture Forest at Pakistan Security Printing Corporation (PSPC) Karachi. He was briefed about the project in detail by the management. The Polyculture Forest is inspired by the incumbent government’s priority of encouraging people, communities, organizations, businesses and civil society to collectively plant trees and…
Hubco Sukuk and Growth Plan
Karachi, October 19, 2020: The Hub Power Company Limited through its wholly owned subsidiary, Hub Power Holdings Limited, is in the process of finalising issuance of an Islamic Shariah compliant sukuk. This represents Hubco’s keen interest in promoting and supporting the Islamic financing options and the local financial industry. This proposed sukuk in the sum…
Meezan Bank to give financing under PM Low Cost Housing Finance scheme
Karachi, October 19, 2020: Meezan Bank, Pakistan’s first and largest Islamic bank has become the first Bank in the country to disburse the first two Shariah-compliant housing finance facilities under Prime Minister’s Mera Pakistan Mera Ghar, Low Cost Housing Finance scheme on Friday, 16th October, 2020. The facilities were disbursed to Mr. Muhammad Anees who…
SCCI commits policy of zero tolerance for non-compliance of labour standards
Karachi, October 17, 2020: “Sialkot Chamber has a policy of zero tolerance for non-compliance of Labour Standards in the area of child labour and other socially responsible labour practices and supports positive role of enterprises in promoting CSR through social compliance.” This was stated by Qaiser Iqbal Baryar, the President Sialkot Chamber of Commerce and…
Governor SBP launches of digitization of FX regulatory approvals
Karachi, October 17, 2020: Dr. Reza Baqir launched the SBP FX Regulatory Approval System (RAS) for end-to-end digitalization of Foreign Exchange (FX) related case submission process today in a ceremony held in Karachi. At the invitation of Governor Baqir, Dr. Ishrat Husain, Advisor to the Prime Minister on Institutional Reforms and Austerity and the Governor State…