Pak Datacom Shifts NBP, OGDCL And AGPR Satellite Services To UAE’s Yahsat
Pak Datacom has shifted satellite connectivity for NBP, OGDCL and AGPR from a Paksat based network to UAE based Yahsat, prompting security and compliance concerns.
SBP Cancels Al-Rahim Exchange Company Licence With Immediate Effect
State Bank of Pakistan cancels Al-Rahim Exchange Company’s authorisation with immediate effect over serious regulatory violations, barring the company from all foreign exchange related activities.
FBR Demonstrates New Property And Business Capital Features In Tax Return System
FBR demonstrated income tax return system features to Karachi Tax Bar, including property investments, business capital entries, inherited property and tax declarations.
SBP Revises Housing Finance Rules, Sets 30 Year Maximum Tenor
State Bank of Pakistan has revised housing finance regulations, setting a 30 year maximum tenor, 90:10 LTV ratio and new requirements for income assessment, insurance and restructuring.
SECP Launches Corporate Debt Market Desk to Facilitate Debt Financing
SECP has established a dedicated Corporate Debt Market Desk to simplify debt issuance, support issuers and expand long-term financing options for businesses.
SECP Approves APAG IPO To Raise Up To Rs2.6 Billion Through PSX Listing
Securities and Exchange Commission of Pakistan approves Agro Processors & Atmospheric Gases Limited IPO, with the company offering 58.05 million shares to raise up to Rs2.6 billion.
SECP Suspends Proposed Acquisition Of Al Shaheer Corporation Until Further Orders
Securities and Exchange Commission of Pakistan suspends the proposed acquisition of more than 53.50% stake and control of Al Shaheer Corporation until further orders.
SECP Approves Agro Processors IPO To Offer 15% Stake On Pakistan Stock Exchange
Securities and Exchange Commission of Pakistan approves Agro Processors and Atmospheric Gases IPO, with 58.05 million shares to be offered and 40% of proceeds planned for capacity expansion.
FBR Signals Further Tax Relief, Hints At Possible Withdrawal Of Super Tax
Federal Board of Revenue signals further tax relief for businesses, including possible withdrawal of super tax and reduction in sales tax amid concerns over costs and investment.
SECP Creates Dedicated Shariah-Compliant Brokerage Segment at PSX
Securities and Exchange Commission of Pakistan establishes a dedicated Shariah-compliant brokerage segment at Pakistan Stock Exchange, with 33 brokers already offering Islamic brokerage windows.