Category: PSX

ISLAMABAD, PAKISTAN: The Securities and Exchange Commission of Pakistan (SECP) has issued draft Shariah Governance Regulations, 2023, primarily to remove bottlenecks in product development and simplify the Shariah screening criteria and stock screening process. The draft regulations, which have been made available for public comment, aim to strengthen the framework for Shariah-compliant businesses, Shariah-compliant securities,…

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…

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…

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…

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….

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…

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…

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…

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…

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…