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…
ISLAMABAD, November 15, 2024: Federal Minister for Commerce Jam Kamal Khan has reiterated the government’s commitment to revitalizing Pakistan’s textiles and apparel industry, addressing its growing challenges and reaffirming its critical role in the nation’s economic stability. During a detailed discussion with a delegation from the All Pakistan Textile Mills Association (APTMA), led by Chairman…
Islamabad, November 15, 2024: The Pakistan Telecommunication Authority (PTA) has announced the temporary suspension of mobile internet services in select areas of Balochistan. This action, as per directives from relevant authorities, is being taken in light of ongoing security concerns in the region. The PTA emphasized that the suspension is a precautionary measure aimed at…
ISLAMABAD, November 15, 2024: The Securities and Exchange Commission of Pakistan (SECP) has raised an urgent warning regarding a fraudulent trading platform operating under the name “Interactive Brokers Group (IBKR).” The platform, which has been circulating through social media and WhatsApp groups, is promising unsuspecting investors high returns from trading on both the Pakistan Stock…
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…