SECP Specifies Regulatory Framework for Debt and Hybrid ETFs
In line with its objectives for creating a competitive and conducive playing field and to diversify the range of the Exchange Traded Funds (ETFs) available to investors, the Securities and Exchange Commission of Pakistan (SECP) has specified the framew…
Cherat Cement To Set Up Rs. 34 Billion Greenfield Plant in KP
In order to enhance its capacity production with the increasing demand for cement countrywide, Cherat Cement has planned to invest an estimated amount of Rs. 34 billion to set up a Greenfield plant in Khyber Pakhtunkhwa (KP).According to the stock fili…
Govt May Replace LNG Terminal to Prevent Energy Shortage and Litigation Crisis
The issue of the dry docking of the Engro LNG terminal has been a cause for worry for the government and customers alike for the past few weeks. This closure can lead to potential supply disruption and energy shortage in the country.“There has been [an…
SECP to Investigate La Ville De Paris Housing Scheme’s Accounts Over Fraud
The Securities and Exchange Commission of Pakistan has decided to conduct an inspection of the books of account of the M/s La Ville De Paris Housing Scheme Limited, which is involved in the unauthorized and illegal business of obtaining funds from the …
JS Bank Introduces Tax Certificate Issuance via WhatsApp
To simplify the taxation processes, JS Bank is now allowing its customers to generate their tax certificates instantly through JSBot – the bank’s Personal WhatsApp Banking Assistant.According to the press statement, users can simply send a message to J…
Here’s How Pakistan Plans to Double Its IT Industry
The incumbent government is aiming to double the IT industry in two years by setting up tech zones across Pakistani. These zones will offer tax breaks to investors, Bloomberg reported.Earlier this year in January, the government had transferred 150 acr…