Day: July 3, 2021

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State Bank of Pakistan amends foreign exchange regulations to facilitate exports through Pakistan Single Window and International Platforms

Karachi, July 03, 2021 (PPI-OT):SBP has notified revisions in foreign exchange regulations for export of goods from Pakistan (Chapter 12 of the Foreign Exchange Manual). The key changes include amendments in regulations to facilitate export transactions through the Pakistan Single Window when it becomes operational. This will eliminate the requirement

SECP Approves Shariah Compliant Developmental REIT Scheme

Islamabad, July 03, 2021 (PPI-OT):The SECP has accorded approval for registration of the first Shariah Compliant Developmental Real Estate Investment Trust (REIT) Scheme in Pakistan under the revamped REIT regulatory framework. Earlier this year, SECP had significantly revamped the REIT Regulation, 2015. This signifies that the amendments introduced after an

AJK President calls for quality education to compete with world

Mirpur, July 03, 2021 (PPI-OT):Mirpur University of Science and Technology (MUST) held its sixth annual convocation on Friday in which 2100 students were given graduation degrees. Forty students won gold medals for their outstanding performance in various disciplines and five students were conferred PhD degrees. President Azad Jammu and Kashmir

Pakistan rejects inclusion in US Child Soldiers Prevention Act List

Islamabad, July 03, 2021 (PPI-OT):Pakistan has categorically rejected the inclusion of its name in the US State Department’s “Child Soldiers Prevention Act List”. In a statement, Foreign Office Spokesperson Zahid Hafeez Chaudhri said we categorically reject the unsubstantiated and baseless inclusion of Pakistan in the “Child Soldiers Prevention Act List”

Tarin committed to manage national economy for achieving higher sustainable growth

Islamabad, July 03, 2021 (PPI-OT):Minister for Finance Shaukat Tarin has expressed the government’s strong commitment to manage national economy in most efficient and effective manner to achieve higher sustainable and inclusive growth. The minister was addressing virtually on “Pakistan’s Economy- Fragility and Smart Action Strategy” National Workshop Balochistan-7. He said

Pakistan, Uzbekistan agree to foment ties in diverse fields

Islamabad, July 03, 2021 (PPI-OT):Pakistan and Uzbekistan have agreed to keep up momentum of high-level exchanges and further expand bilateral cooperation and understanding in diverse fields. The understanding reached during inaugural round of Pakistan-Uzbekistan Bilateral Political Consultations was virtually held between the two sides. The two sides exchanged views on