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The government has integrated Karachi Stock Exchange (KSE), Lahore Stock Exchange (LSE) Islamabad Stock Exchange (ISE) to form national stock exchange to be called as Pakistan Stock Exchange (PSE) with a view to improve the capital market outlook for attracting the foreign direct investment and for the economic prosperity of the country. Under the demutualization program of the stock exchange, there is a possibility of direct foreign investment by …
Read More »Integration of stock markets to spur growth and investment
Finance Minister Ishaq Dar officially announced the merger of the stock markets of Karachi, Lahore and Islamabad into one entity the Pakistan Stock Exchange (PSX) on January 11, 2016. The PSX will operate from the Karachi Stock Exchange under the new set-up. The Lahore Stock Exchange has been converted into LSE Financial Services Limited with a licence of an NBFI and Islamabad Stock Exchange into the ISE REIT Management …
Read More »MCB Privatization — A success story
Management protects employees’ rights The resilience and hard work of employees of all ranks of MCB Bank Limited have proved that privatization has brought a paradigm shift in services, infrastructure, technology and contribution to national exchequer while increase in number of satisfied customers is also a testimony in this regard, Riafat Khan Jadoon, President MCB staff union said. Millions of households also progressed with the successful privatization of MCB. …
Read More »International Reckoning For Islamic Finance Industry In Pakistan: SBP — globally polled as the best central bank for promoting Islamic finance
State Bank of Pakistan (SBP) was voted as the best Central Bank for promoting Islamic Finance by a poll conducted by International Finance News, an arm of REDmoney Group, Malaysia. The votes were received from various institutions, practitioners and academicians from all over the world. After the announcement, Deputy Governor, SBP Mr. Saeed Ahmad stated “SBP remains committed in promoting Islamic banking and finance and will continue to play …
Read More »Cost diminution by DMAIC, DOE implementation in white goods sector
Abstract: Quality cost has greater impact on the productivity and profit margin of the organizations. In Pakistan economy, manufacturing sector has less revenue due to no or minimal implementation of lean manufacturing and six sigma methodology. White goods sector is gaining its market popularity due to increasing demand and business opportunity. Nowadays, organizations are facing both external and internal quality cost. External cost means warranty claims and customer dissatisfaction. …
Read More »Tax-to-GDP ratio is not an indicator of actual economic strength of Pakistan
New tax scheme introduced by present government may give a big push to tax regime in Pakistan Tax-to-GDP ratio, which revolves around 10-11 percent does not reflect the actual strength of the economy primarily due to a vast majority of trade and industry avoid documentation on various grounds including chronic issue of corruption, misconception about tax regime due to lack of education and last but not the least the …
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