Tag Archives: companies

  Fully cognizant of opportunities and threats facing Pakistan, Securities and Exchange Commission of Pakistan (SECP) has developed a ‘Roadmap’ for insurance companies to enable them to play their due role. Many of the sector experts have a myopic view that the primary mandate of insurance companies is ‘risk mitigation’ only. They often tend to overlook the fact that insurance companies also play a key role in capital formation. Anyone …

  With the incorporation of Exchange Companies the misinterpretations regarding their activities have been wiped out. In order to regularize and have smooth money exchange business in Pakistan, State Bank of Pakistan has incorporated Exchange Companies (the then Money Changers) through FE Circular No. 9 dated July 1, 2002. The real force behind Exchange Companies formation in Pakistan was the post 9/11 world economic and political situation, when the inward …