Category: News

Recent international and Pakistani news updates regarding  Money, Economic, Financial industries including the Central banks and Schedule Banks nad and other Financial and Non financial Institutions.

General Elections in Pakistan: A Pivotal Moment in the Nation’s Democracy

Posted on By Afaq Karim
News, Opinions

On February 8, Pakistan will hold pivotal elections with its Election Commission ensuring fair play. Major parties PTI, PPP, and PML-N, led by Imran Khan, Bilawal Bhutto Zardari, and Maryam Nawaz respectively, compete to shape the nation. Amid high electorate expectations on issues like economy and social justice, vibrant rallies showcase the democratic fervor. The elections, under international scrutiny, signify a critical juncture for Pakistan’s future and democratic values.

Discover GPT-4: 100x Mightier than GPT-3 – Delve into AI-Language Model Evolution

Posted on By Afaq Karim
News

As of March 2023, OpenAI has unveiled GPT-4. While its capabilities remain a topic of speculation, we can anticipate that it will be even more advanced and adept at complex tasks, given the improvements observed from GPT-2 to GPT-3. Introducing GPT-4: What to Expect GPT-3, with its exceptional natural language processing (NLP) and text generation … Read More “Discover GPT-4: 100x Mightier than GPT-3 – Delve into AI-Language Model Evolution” »

GilgitApp, the emerging e-commerce platform, is quickly rising and could potentially compete with OLX

Posted on By Afaq Karim 1 Comment on GilgitApp, the emerging e-commerce platform, is quickly rising and could potentially compete with OLX
News

GilgitApp is a new and upcoming online marketplace for buying and selling products in Pakistan. Founded by Ejaz Karim, CEO, and Co-founder, and Ehsanullah Baig, Co-founder, and Product Manager, this start-up is made up of a small but dedicated group of IT graduates from Gilgit City. Despite the lack of investment from mainstream investors, GilgitApp … Read More “GilgitApp, the emerging e-commerce platform, is quickly rising and could potentially compete with OLX” »

PSX Signs Agreement with NIFT to Launch E-IPO System

Posted on By S.A. Khan 1 Comment on PSX Signs Agreement with NIFT to Launch E-IPO System
News

Another breakthrough from PSX just pulled off when Pakistan Stock Exchange (PSX) and National Institutional Facilitation Technologies (NIFT) signed an agreement to collaborate in the development of a new payment and registration system by PSX on March 2, 2021. A step leading to digitally transform the Initial Public Offering (IPO) process through the E-IPO project. … Read More “PSX Signs Agreement with NIFT to Launch E-IPO System” »

Virtual participation in AGMs a regular feature now

Posted on By Asher Karim No Comments on Virtual participation in AGMs a regular feature now
News, Regulations

The Securities and Exchange Commission of Pakistan (SECP), the apex regulator, has advised all the listed companies to ensure virtual participation of members / shareholders in the Annual General Meeting (AGM) through electronic means such as video-link, webinar, or other electronic as a regular feature with immediate effect. The primary objectives of these instructions are … Read More “Virtual participation in AGMs a regular feature now” »

SBP issues Instructions for Quality Data Reporting in ECIB

Posted on By Asher Karim No Comments on SBP issues Instructions for Quality Data Reporting in ECIB
News, Regulations

The State Bank of Pakistan (SBP) issued instructions on February 18, 2021 to all Banks, DFIs, MFBs, NBFCs and Modarabas regarding quality data reporting in the Electronic Credit Information Bureau (eCIB). These instructions have been issued after conducting an in-depth assessment of the mechanisms put in place for eCIB data feeding, compilation, validation and reporting … Read More “SBP issues Instructions for Quality Data Reporting in ECIB” »

FBR collects more than 1 Trillion in Q1

Posted on By Asher Karim No Comments on FBR collects more than 1 Trillion in Q1
News

Federal Board of Revenue has done remarkably well in the 1st quarter of the fiscal year 2020-21. According to the provisional data released by State Bank of Pakistan (SBP), FBR collected a net revenue of Rs. 1,004 billion exceeding the prescribed target of Rs. 970 billion. Moreover, the gross revenue stood at Rs. 1052 billion. … Read More “FBR collects more than 1 Trillion in Q1” »

15 laws amended to comply with FATF Recommendations

Posted on By Asher Karim No Comments on 15 laws amended to comply with FATF Recommendations
News

Pakistan has a quintessential task on its hand to come out of the Financial Action Task Force (FATF) grey list and evade any possible black listing by the global watchdog. Pakistan is in the FATF’s grey list since June 2018 and a plan of action was given to complete by October 2019, which was extended till June … Read More “15 laws amended to comply with FATF Recommendations” »