Daily Archives: September 15, 2020

SECP Orders All LLPs to Submit Details of Beneficial Owners

The Securities and Exchange Commission of Pakistan (SECP) has directed all Limited Liability Partnerships (LLPs) to submit information about their ultimate beneficial owners to identify persons who actually own the company. The SECP issued S.R.O. 864 (I)/2020 for draft amendments in the Limited Liability Partnership Regulations, 2018 here on Monday. These amendments, issued in line

Islamic Banking’s Investment Has Reached Rs. 900 Billion: SBP

The investment of the Islamic Banking Industry (IBI) has surged to an all-time high of nearly Rs 0.9 trillion by the end of June 2020, due to the issuance of new Sukuk by the government in the recent months, according to State Bank of Pakistan (SBP). The issuance of GoP Sukuk of Rs 198.2 billion

Petroleum prices to remain unchanged for next 15 days

The government has decided to maintain the petroleum prices unchanged for next fifteen days. According to Finance Ministry, the previous prices will remain same till 30th of this month.   Source: Radio Pakistan

Rashakai SEZ will prove to be a game changer: Taimur

Khyber Pakhtunkhwa Minister for Finance Taimur Saleem Jhagra says Rashakai Special Economic Zone will prove to be a game changer in economic development of the province. In a tweet on Tuesday, he said Rashakai is ideally located as an export base to Afghanistan and Central Asia, in particular with the incentives on offer for other

ADB to provide Knowledge & Support Technical Assistance to Pakistan

The Asian Development Bank would provide Knowledge and Support Technical Assistance to Pakistan in order to achieve sustainable food security. The consensus to this regard was developed in a video-link meeting between Federal Secretary Ministry of National Food Security and Research Omer Hameed Khan and Director Asian Development Bank Yasmin Siddiqi today (Tuesday). The ADB