KARACHI, PAKISTAN: After implementing the PRIDE system, which automated the listing process for debt and equity issues, Pakistan Stock Exchange (PSX) has gone live with Public PRIDE which is a one-stop solution focused on investors for all information on upcoming public offerings. Public PRIDE has been developed to keep the investors and general public aware…
Category: PSX
Corporate announcements on Pakistan Stock Exchange (PSX)
Roshan Equity Investment launched at PSX
KARACHI, PAKISTAN: The capital market entities, banks and State Bank of Pakistan (SBP) marked the launch of the Roshan Equity Investment (REI), a product offered to non-resident Pakistanis under the umbrella of Roshan Digital Account introduced by State Bank of Pakistan in 2020. Roshan Equity Investment is an innovative product whereby non-resident Pakistanis can invest…
Paymob and PAFLA Sign MOU to Fuel Growth in Pakistan’s Freelance Market
KARACHI, PAKISTAN: Paymob and Pakistan Freelancers Association (PAFLA) signed a memorandum of understanding (MOU) to facilitate payments acceptance for freelancers in Pakistan. The MOU will allow freelancers to seamlessly accept payments in a secure ecosystem via the Paymob payments gateway. Gaining access to a variety of digital payments methods enables freelancers in Pakistan to offer…
Paymob signs up with integrated virtual care platform, medIQ
ISLAMABAD, PAKISTAN: Paymob has signed a memorandum of understanding (MoU) with medIQ Smart Healthcare, Pakistan’s first integrated virtual care platform, to drive financial inclusion and lead the way for swift payment acceptance. Paymob is the leading financial services enabler delivering the latest technologies to customers in the Middle East, North Africa and Pakistan (MENAP) region….
PSX launches digitised listing process
KARACHI, PAKISTAN: In a revolutionary move forward, Pakistan Stock Exchange (PSX) has digitised the process of listing through an online portal called PRIDE, i.e. Public Offerings Revolutionized through an Integrated and Digitized Experience. The online portal is designed to automate the listing process from end to end. Through PRIDE, Lead Managers, Advisors or Consultants can…
OGDC announces gas condensate discovery in Khyber Pakhtunkhwa
KARACHI, PAKISTAN: The TAL Joint Venture comprising MOL Pakistan Oil & Gas Co. B.V. (Operator), Oil & Gas Development Company Limited (OGDCL) (30% working interest in exploratory phase), Pakistan Petroleum Limited (PPL), Pakistan Oilfields Limited (POL) and Government Holdings Private Limited (GHPL) have discovered gas condensate from Lockhart formation in Tolanj West-2 development well, located…
PSX launches the first dividend based index – PSX Dividend 20 Index
KARACHI, PAKISTAN: In a major step forward towards facilitating investors, stakeholders, and market participants, Pakistan Stock Exchange (PSX) has launched its first fundamental index, PSX Dividend 20 Index. This index is designed to track the performance of the top 20 dividend paying companies at PSX whereby the companies are ranked and weighted based on their…
SECP introduces digital-only insurers and microinsurers
ISLAMABAD, PAKISTAN: The Securities and Exchange Commission of Pakistan (SECP) has introduced registration regime for digital-only insurers and dedicated microinsurers. This will promote digitalization and improve customer convenience through instant provision of services. In this regard, amendments to the Insurance Rules, 2017 have been notified vide SRO 1513(I)/2022. The new framework is aimed at encouraging…
Meezan Bank & Arif Habib Group sign partnership for apartment development
KARACHI, PAKISTAN: Arif Habib Group (AHG), and Meezan Bank Limited (MBL) have entered into a strategic partnership to jointly develop and sell apartment towers at Naya Nazimabad. This collaboration will allow customers to opt for the Shariah Compliant Home financing services offered by MBL. MBL has entered into a Musharakah Agreement with Globe Residency REIT…
Monitoring of foreign exchange operations enhanced
KARACHI, PAKISTAN: In view of recent volatility in the exchange rate and the difference between the interbank rate and the rate offered by Exchange Companies (ECs) and banks to their customers, Pakistan’s central bank has increased the monitoring of the foreign exchange operations of ECs and banks. In this respect, State Bank of Pakistan (SBP)…
Engro and Excelerate Energy sign MoU to develop private RLNG sector in Pakistan
KARACHI, Pakistan: Engro Eximp FZE, a subsidiary of Engro Corporation, announced today that it has entered into a Memorandum of Understanding (“MOU”) with Excelerate Energy Inc. (NYSE: EE), a leading provider of flexible LNG infrastructure solutions around the world, related to the development of a private sector gas marketing business in Pakistan. Under this MOU,…
Supernet and Trend Micro win Rs450mn Threat Protection System Project
KARACHI, PAKISTAN: Supernet Limited in conjunction with their Japanese technology partner Trend Micro Incorporated have been awarded a new multi-year project for the acclaimed “Tipping Point” Threat Protection System (TPS) by a major Pakistani customer valued at over Rs450 million. Trend Micro’s Tipping Point Threat Protection System (TPS) is a powerful network security platform that…