The Securities and Exchange Commission of Pakistan (SECP) has introduced a digital Know Your Customer (KYC) framework by amending the Anti-Money Laundering Regulations, 2020, making access to capital market and insurance services easier. Under the revised regulations, investors and customers will be able to complete identity verification through their bank account's International Bank Account N
Gold prices in Pakistan increased on Saturday in line with their gain in the international market. In the local market, gold price per tola reached Rs433,536 after a gain of Rs1,100 during the day. Similarly, 10-gram gold was sold at Rs371,687 after it increased by Rs943, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Friday, gold price per t
Prices of flour, live chicken/meat, vegetables and other food items have increased sharply after rise in fuel prices. A weekly market survey conducted by Business Recorder here on Sunday revealed that a 20-kg flour bag has increased at Rs3000 and Rs2900 in the wholesale and retail market which was selling at Rs2700 and Rs2500 respectively in the previous week. Price of 80-kg sac has gone up at
The domestic cotton market maintained overall price stability this week, with the spot rate holding firm at Rs 17,800 per maund and trading volume showing improvement, even as futures prices on the New York cotton exchange fluctuated and a deepening crisis among ginning factories cast a shadow over the sector. According to Musaib Adil, the persistent instability in cotton pricing has discourage
Meezan Bank has achieved Rs 2 billion disbursements under the Government of Pakistan’s flagship affordable housing initiative, Wazir-e-Azam Apna Ghar Programme-Ghar Ho Tu Apna (GHTA). The Bank has also recorded its highest-ever monthly housing finance disbursements of PKR 1.3 billion, reflecting the strong and growing demand for its Shariah-compliant home financing solutions and reaffirming its