Public Holiday
Karachi, March 20, 2023 (PPI-OT):The State Bank of Pakistan will remain closed on 23rd March, 2023 (Thursday) being public holiday on the occasion of “Pakistan Day” as declared by the Government of Pakistan. For more information, contact: Chief Spokesman, State Bank of Pakistan (SBP) Central Directorate I.I. Chundrigar Road, Karachi, Pakistan Tel: +92-21-111-727-111 Tel: +92-21-39212562 Fax: +92-21-39212433 - 39212436 Email: chief.spokesperson@sbp.org.pk Website: www.sbp.org.pk
SECP organizes financial reporting workshop on NBMF sector
Islamabad, February 28, 2023 (PPI-OT):The Securities and Exchange Commission of Pakistan (SECP), organized a financial reporting workshop on Non-Banking Microfinance (NBMF) sector, in light of new regulatory requirements outlined under Circular 15. The aim of this interactive workshop was to apprise participants on the measures taken for the promotion of the sector and to protect the interests of borrowers. Leading journalists from print and electronic media attended the workshop. SECP Executive Director Khalida Habib gave a presentation on the circular that explains the digital lending standards applicable on Non-Banking Finance Companies (NBFCs) undertaking lending activities through digital channels/mobile applications (Apps).…
Monetary Policy Announcement
Karachi, February 28, 2023 (PPI-OT):The Monetary Policy Committee of SBP will meet on Thursday, March 2, 2023 at SBP Karachi to decide about the Monetary Policy. Later on, SBP will issue the Monetary Policy Statement through a press release on the same day. For more information, contact: Chief Spokesman, State Bank of Pakistan (SBP) Central Directorate I.I. Chundrigar Road, Karachi, Pakistan Tel: +92-21-111-727-111 Tel: +92-21-39212562 Fax: +92-21-39212433 - 39212436 Email: chief.spokesperson@sbp.org.pk Website: www.sbp.org.pk
SECP holds thematic workshop on digitalization program
Islamabad, February 27, 2023 (PPI-OT):The Securities and Exchange Commission of Pakistan (SECP) held a thematic workshop to demonstrate the prototype of re-designed digital regulatory processes for Limited Liability Partnership (LLP), company registration and filing, and compliance. Under its digitalization program, "Leading Efficiency through Automation Prowess (LEAP)," the SECP has identified key business processes that need to be reviewed, documented, re-engineered, and automated. The second thematic workshop was organized in collaboration with technology implementation partner Techlogix Pakistan and project consultants Ernst and Young (EY). In the interactive and consultative workshop, the second in the series, participants from the corporate sector and…
Kalma Chowk Underpass Functional for Traffic
Lahore, February 25, 2023 (PPI-OT):Punjab Central Business District Development Authority (PCBDDA) also known as Central Business District Punjab (CBD Punjab), has accomplished a major feat by making both lanes of the Kalma Chowk Underpass motorable in the record time of two and a half months. The underpass, which is the longest in Pakistan, was made functional for traffic in record-breaking and time before the commencement of the PSL 8 Lahore fixture. This project is being commenced with funds generated entirely by CBD Punjab. Chief Minister Punjab Mr. Syed Mohsin Raza Naqvi, Provincial Minister for Excise, Taxation, Communication and Works Punjab,…
CBD Punjab Makes Kalma Chowk Underpass Motorable in Record Time
Lahore, February 24, 2023 (PPI-OT):Punjab Central Business District Development Authority (PCBDDA) also known as Central Business District Punjab (CBD Punjab), has accomplished a major feat by making both lanes of the Kalma Chowk Underpass motorable in the record time of two and a half months. The underpass, which is the longest in Pakistan, was made functional for traffic in record-breaking and time before the commencement of the PSL 8 Lahore fixture. This project is being commenced with funds generated entirely by CBD Punjab. Chief Minister Punjab Mr. Syed Mohsin Raza Naqvi, Provincial Minister for Excise, Taxation, Communication and Works Punjab,…
SECP diagnostic report on Islamic finance
Islamabad, February 22, 2023 (PPI-OT):The Securities and Exchange Commission of Pakistan (SECP) has released a diagnostic report to document key issues and challenges for Islamic finance in the nonbank financial sector. The report also takes stock of the current state of development of Islamic finance in the country and contains specific recommendations for its promotion. The diagnostic study was launched in a roundtable, organized in collaboration with the IBA Centre for Excellence in Islamic Finance, at the IBA City Campus. Another diagnostic study and a proposed FinTech framework prepared by Islamic Finance Advisory and Assurance Services (IFAAS), a consultant to…
CDA abolishes entry fee at public parks
Islamabad, February 21, 2023 (PPI-OT):Capital Development authority on Monday abolished entry fee in all public parks in a bid to promote healthy activities in Islamabad. A board meeting chaired by CDA Chairman Noor-ul-Amin Mengal decided that no entry fee would be charged from now onwards at all the public parks, including Lake View Park, Fatima Jinnah F-9 Park, Shakarparian and others. CDA board meeting also decided to operate feeder buses to metro bus service on 13 additional routes. The new routes of feeder buses would include Allama Iqbal University to Potohar Station, PIMS to Secretariat via Margala Road, Radio Pakistan…
Special counter for senior citizens and expats established at CDA Facilitation Centre
Islamabad, February 20, 2023 (PPI-OT):Under the direction of the Chairman CDA Capt. (Retd.) Noor-ul-Amin Mengal, admitting counter has been set up at one window directorate for the convenience of Senior Citizens and Overseas Pakistanis. At this special counter, senior citizens and overseas Pakistanis will be able to transfer property easily and on priority basis with the establishment of this counter, senior citizens and overseas Pakistanis will neither have to stand in line nor will they have to wait in any way. New staff has also been appointed at this special counter to guide senior citizens and overseas Pakistanis. The posted…