By NewzTodays Editorial Team | July 7, 2021

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has licensed three newHousing Finance Companies (HFCs) during the fiscal year ended June 30, 2021. SECP believes that a revitalized HFC sector will contribute to catering to the huge demand for affordable housing finance in the country. The newly licensed HFCs include Pakistan Housing Finance Company…

By NewzTodays Editorial Team | July 6, 2021

It would be Pakistan’s second bond sale this year, after raising $2.5 billion in March through US dollar bonds in the international market, the government has launched $1 billion bonds in the international market. Pakistan issued another $1 billion in international bonds on Tuesday, with a little higher yield than the previous issue, according to…

By NewzTodays Editorial Team | July 6, 2021

Transparency International Pakistan has called for examining the alleged corruption and illegal appointment of NBP President Arif Usmani to ensure transparency. Earlier, the government had made the questionable appointment of President NBP Arif Usmani and IHC had directed to remove him. In a letter to the finance minister, Shaukat Tarin said that it received a…

By NewzTodays Editorial Team | July 6, 2021

Islamabad: The government has extended incentives for car manufacturers in Pakistan under the new auto policy for another five years up to June 30, 2026. The Federal Board of Revenue (FBR) has issued SRO in this regard to implement the incentives for car manufacturers in Pakistan. The concessionary regime for new entrants expired in June…

By NewzTodays Editorial Team | July 5, 2021

The cybercriminals belonging to REvil hackers suspected of being behind a revil ransomware devastating attack that knocked hundreds of businesses offline around the world have reportedly demanded $70 million in order to restore the data they are holding for ransom. In a Ransomware hacking, Revil hackers have called for paying huge ransoms to restore the…

By NewzTodays Editorial Team | July 5, 2021

Pakistan Post has set up Amazon Facilitation Center to assist garments manufacturers and exporters on the government’s behalf in selling various items and commodities such as garments on the US platform. In addition, the fact that Amazon has made its platforms available to Pakistani sellers will help to promote businesses, and online buyers will have…

By NewzTodays Editorial Team | July 5, 2021

Sitting behind a screen to engage in idle chitchat is easy. Trolls, abusers, and harassers have been allowed wide reign to harass anyone on social media without consequence. One glance at the big, wide web is all it takes to judge someone for a few clicks and laughs. Veteran actor Bushra Ansari is currently embroiled…

By NewzTodays Editorial Team | July 3, 2021

ISLAMABAD: In another significant development, the Securities and Exchange Commission of Pakistan (SECP) has approved amendments to the National Clearing Company Pakistan Limited (NCCPL) Regulations 2015 to introduce reforms in the Margin Financing (MF) product, which allows securities brokers to provide financing to their customers in a regulated manner. The regulator has approved the amendment…

By NewzTodays Editorial Team | July 2, 2021

Federal Minister for Energy Hammad Azhar has said that the situation in the gas and electricity sector will return to normal by Monday. He said that the Pak-Russia gas pipeline is a big project of Rs 500 billion. There were some flaws in the project. He said that Pakistan and Russia had signed an amended…

By NewzTodays Editorial Team | July 2, 2021

The Mobile World Congress took place this year in Barcelona, albeit in a hybrid format.  Russia was represented by Beeline, Kaspersky, developers of artificial intelligence services – oneFactor, etc. Nothing new was discussed – as usual, 5G, Cloud, IoT, OpenRAN.  However, there were still interesting topics, in particular, new trends in the development of artificial…