News

SECP, PSX hold broker compliance webinar

The Securities and Exchange Commission of Pakistan (SECP), in partnership with the Pakistan Stock Exchange (PSX), organized a webinar aimed at reinforcing transparency, regulatory compliance, and market integrity within Pakistan’s capital market. The session, titled "Promoting Transparency and Market Integrity: Prudential and AML/CFT Compliances," formed part of the regulator’s broader efforts

Banks say shift in cost of remittances to burden them, dent profitability

Reacting to a government decision to have shifted its cost of bringing workers’ remittances over to banks in the country, Pakistan Banks Association (PBA) said on Saturday the move had placed an additional financial burden on the financial institutions that would dent their profitability. Banks in Pakistan have been directed to bear the cost of bringing the remittances with effect from July 1,

Trade with Kenya surpasses USD1bn mark

Pakistan and Kenya have achieved a historic milestone in their bilateral economic relations, with two-way trade surpassing the USD1 billion mark during the last fiscal year for the first time ever, reflecting growing commercial ties, stronger business engagement, and expanding market access between the two countries. According to official statistics Pakistan-Kenya bilateral trade has reached US

Gold trades near two-week high on cooling US rate-hike bets

Gold prices held near a two-week high on Monday after a cooler-than-expected US jobs report last week slightly tempered expectations of interest rate hikes by ​the Federal Reserve. Spot gold was steady at $4,175.02 per ounce by 0028 ‌GMT, after posting a weekly gain of more than 2% following four straight weeks of declines on Friday. US gold futures for August delivery climbed 1.5% to $4,186