Pakistan
SBP Strengthens Digital Financial Landscape with New EMI License
KARACHI, November 20 2024: The State Bank of Pakistan (SBP) has granted a license to M/s. E-Processing Systems Private Limited (EPSPL), enabling it to commence commercial operations as an Electronic Money Institution (EMI). This development marks a significant milestone in Pakistan’s ongoing digital transformation, bolstering the country’s financial inclusion and digital payments ecosystem. Revolutionizing Digital…
BankIslami Celebrates Women Entrepreneurship Day in Collaboration with State Bank of Pakistan
Karachi, November 19, 2024: BankIslami, a leading Islamic financial institution in Pakistan, recently joined forces with the State Bank of Pakistan (SBP) to celebrate Women Entrepreneurship Day across its branches nationwide. The event was attended by senior women officials from the SBP, who commended BankIslami for its proactive role in promoting financial inclusion for women….
State Bank Suspends Authorization of Islamabad Exchange Company
KARACHI, November 15, 2024: The State Bank of Pakistan (SBP) has taken strict action against M/s Islamabad Exchange Company (Pvt.) Limited, suspending its authorization with immediate effect due to violations of SBP’s rules and regulations. As a result of this suspension, the exchange company, along with its head office and authorized branches, has been barred…
SECP Notifies Regulations for Securities Managers to Boost Investment Advisory Services
ISLAMABAD, November 14, 2024: The Securities and Exchange Commission of Pakistan (SECP) has officially notified the Securities Managers (Licensing and Operations) Regulations, 2024 to facilitate the growth of investment advisory services in Pakistan’s securities market. These newly introduced regulations allow eligible securities brokers to provide portfolio management services by acquiring a license as a securities…
Lucky Cement Limited Corporate Briefing Key Takeaways
KARACHI, November 12 2024: Lucky Cement Ltd (LUCK) held a corporate briefing, sharing insights into its current performance and future strategies. Here are the main takeaways: This update reflects Lucky Cement’s ongoing strategies and outlook for growth amidst challenging market conditions. The company’s focus on diverse income streams and efficient operations, particularly in energy, highlights…