The Securities and Exchange Commission of Pakistan (SECP) on Wednesday revamped the Companies (Further Issue of Shares) Regulations 2020 for listed companies allowing the investors to make informed decisions and implement them at a faster pace. The SECP has said that the examination of the historical cases of right issues by listed companies indicated that risk disclosures were minimal and prov
The governments of Japan and Pakistan have agreed on a debt deferral amounting to $160 million as the third and last phase of the ‘G20 Debt Service Suspension Initiative (DSSI)’. The total amount of deferred debt has now reached $730m, which will provide the fiscal space for the Pakistan government to restore its economy affected by the Covid-19 pandemic and the floods, the Japanese embassy ann
The State Bank of Pakistan has assured the business community of clearing all backlog import-related payments of less than $50,000 within two days, said a statement issued by the Federation of Pakistan Chambers of Commerce and Industries (FPCCI) on Wednesday. Sharing this breakthrough with trade and industry, FPCCI President Irfan Iqbal Sheikh said the central bank had agreed to clear or settle
Pakistan’s current account deficit (CAD) fell to $0.7 billion in August, compared to $1.2bn in the previous month, the State Bank of Pakistan (SBP) said late on Wednesday night. This equates to a decline of 41.67 per cent month-on-month. For the first two months of the current fiscal year, the current account deficit narrowed by $0.5bn to $1.9bn compared to the corresponding period in FY22, the
The Pakistan Stock Exchange witnessed a lacklustre trading week as jittery investors weighed the impact of rising political and economic uncertainty in the country coupled with persistent rupee depreciation. On Monday, stock trading kicked off with a slide as weakening of the local currency sparked a sell-off. Investors’ participation remained muted in anticipation of mounting inflation. Positi