Category: Finance

Finance, SBP

State Bank of Pakistan allows Electronic Warehouse Receipt as collateral for bank financing.

As a major move towards addressing the challenge of access to finance to farming community, State Bank of Pakistan has amended its Prudential Regulations of Agriculture Financing, SME Financing, and Corporate & Commercial Banking by allowing banks to accept Electronic Warehouse Receipts as collateral for lending against storage of agriculture produce and commodities. Warehouse Receipt Financing (WHRF) is a mechanism whereby farmers, traders and processors … Continue reading State Bank of Pakistan allows Electronic Warehouse Receipt as collateral for bank financing.

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FBR, Finance, News

FBR to audit Sugar Industry

FBR has decided to initiate a panel audit of the Sugar industry in order to improve Tax Compliance and Ensure Transparency in reporting mechanism. FBR believes in improving compliance through education, facilitation, transparent and fair application of Law. -Chairman FBR Continue reading FBR to audit Sugar Industry

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Finance, News, SECP

SECP working towards Ease of Doing Business

The recent measures by SECP to make the process of companies incorporation easy and hassle free, led to 19 % increase in registration of new companies in Oct 2019. The SECP has registered 1,659 new companies, raising the number of total registered companies to 107,062. Amongst new incorporations, 96 % companies were registered online and 43 % of the companies were registered in same day. … Continue reading SECP working towards Ease of Doing Business

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Economy, Finance, News

In 96 Seconds Alibaba Sells Record-Breaking $1.43 Billion USD Worth of Goods

Hitting $21 billion USD in sales in a matter of hours. China’s official consumer holiday “Singles’ Day” has just hit a record-breaking high in terms of sales. Singles day (11/11), given the name due to the repeating number one — referring to being single, the day for shopping sees a wide variety of items heavily discounted from both online and offline retailers. The biggest pulls … Continue reading In 96 Seconds Alibaba Sells Record-Breaking $1.43 Billion USD Worth of Goods

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Finance, investment, News, SECP, Stocks and Analysis

SECP reforms further.

The Securities and Exchange Commission of Pakistan (SECP) has been undertaking a reform agenda to revitalize the capital market and promote expansion of investor base. It is felt that small and medium sized brokerage houses, alongside large ones, have a critical role to play in this regard.  Based on representations received from various stakeholders including small sized brokers and recommendations of the Stock Market Reforms … Continue reading SECP reforms further.

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Finance, Global, News

McDonald’s Fires CEO Steve Easterbrook Over Relationship With Employee

McDonald’s Corp. fired Chief Executive Officer Steve Easterbrook because he had a consensual relationship with an employee against company policy, losing the strategist who had pushed the world’s largest restaurant chain into delivery and online ordering. The burger company’s board voted Friday to terminate Easterbrook, 52, after investigating the relationship, according to a statement Sunday. McDonald’s policy doesn’t allow the CEO to have a relationship with … Continue reading McDonald’s Fires CEO Steve Easterbrook Over Relationship With Employee

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Finance, Global, News, Taxation

Amazon will pay $0 in taxes on $11,200,000,000 in profit for 2018

While some people have received some surprise tax bills when filing their returns, corporations continue to avoid paying tax — thanks to a cocktail of tax credits, loopholes, and exemptions. According to a report from the Institute on Taxation and Economic Policy (ITEP), Amazon (AMZN) will pay nothing in federal income taxes for the second year in a row. Thanks to the new Tax Cuts … Continue reading Amazon will pay $0 in taxes on $11,200,000,000 in profit for 2018

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Economy, Finance, News, SBP

SBP Launches National Payment Systems Strategy during Visit of World Bank’s President

Dr. Reza Baqir, Governor, State Bank of Pakistan launched the National Payment Systems Strategy (NPSS) in an event held today at its headquarters in Karachi. President of the World Bank, Mr. David Robert Malpass was the Chief Guest at the event that was attended by key stakeholders including regulators, government entities, banks, telcos, Electronic Money Institutions (EMIs), Payment System Operators (PSOs) and Payment Service Providers … Continue reading SBP Launches National Payment Systems Strategy during Visit of World Bank’s President

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Economy, Finance, Pakistan

Ease of doing business in Pakistan ranks up 28 places!

Biggest leap ever in ease of doing business ranking of 28 points & that too within just a year of correct economic policies. Pakistan is on the upswing & open for business .. a true treat for any investor! Ease of Doing Business Ranking & GDP Growth, 2010 EODB: Pakistan 85, China 89, Bangladesh 119, India 133 GDP Growth: Pak 1.6%, China 10.6%, Bng, 5.6%, … Continue reading Ease of doing business in Pakistan ranks up 28 places!

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