The Monetary Policy Committee (MPC) of SBP decided to reduce the policy rate by 100 basis points during its meeting held today 15th May 2020. The new policy rate will be at 8 percent which was 9 percent earlier. This decision is primarily based on the improved inflation outlook in light of the recent cut … Read More “SBP decides to reduce Policy Rate by 100 basis points” »
The president of Pakistan approved constitution of 10th National Finance Commission (NFC). According to a notification issued by the government, the National Finance Commission shall consist of the following eleven members: Minister for Finance, Government of Pakistan Finance Minister, Government of the Punjab Minister for Finance, Government of Sindh Finance Minister, Government of Khyber Pakhtunkhwa … Read More “10th National Finance Commission constituted” »
The Securities and Exchange Commission (SECP) has advised insurance companies to grant one month free of cost extension in insurance coverage to all motor insurance policyholders. The decision has been taking while keeping in view the anticipated low claim ratio in motor insurance business due to lock-down. The decision to provide one month free of … Read More “One month free coverage to motor insurance policyholders” »
The government of Pakistan carried out various amendments in Companies Act 2017 through promulgation of Companies (Amendment) Ordinance, 2020. The Ordinance received go ahead by the President of Pakistan on recommendation of Securities Exchange Commission of Pakistan (SECP). The amendments will provide an enabling regulatory framework to facilitate startups in Pakistan and attract local and … Read More “Amendments undertaken in Companies Act to facilitate Startups” »
We all save some money from our monthly income as a hedge to unpredictable events or to materialize our future plans. Well, what if we can get a decent return on the savings? It is important that your savings are prudently invested so that it doesn’t lose the value rather earn some profit on it. … Read More “How to Open a Stock Trading Account – Investment Guide” »
The Pakistan Investment Bonds or commonly called as PIBs are medium to long term securities issued by State Bank of Pakistan (SBP) on behalf of the Government of Pakistan. Like Market Treasury Bills (MTBs), the PIBs are also issued in scripless form. However, these bonds are issued in multiples of Rs. 100,000. PIBs are coupon-bearing … Read More “Invest in GoP’s Pakistan Investment Bonds (PIBs)” »
The Market Treasury Bills (MTBs) are short-term debt instrument issued by State Bank of Pakistan (SBP) on behalf of the Government of Pakistan. Presently, the MTBs are available in scripless form and in multiples of Rs. 5000. You can choose from multiple range of tenor i.e. 3 to 6 and 12 months according to you … Read More “How to Invest in MTBs of Government of Pakistan” »
Most of us have multiple plans for our future or to follow our dreams such as planning a picture-perfect wedding, buying a house or foreign vacation trip. However, these plans and dreams could only be materialized if they are backed by sufficient finances. All these life goals can be achieved if you are able to … Read More “Risk free Investment Avenues in Pakistan” »
On May 7, 2020 the United Bank Limited (UBL), through a notification, announced appointment of Mr. Shazad G. Dada as President & CEO of UBL with effect from July 1, 2020 for a term of 03 year. The decision was made by the Board of Directors of UBL in a meeting held on May 6, … Read More “UBL appoints Mr. Shazad G. Dada as President & CEO” »
