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SECP suggests measures to document real estate sector

SECP suggests measures to document real estate sector
dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.

SAMAA - SECP amends regulations to promote real estate activity in Pakistan

After the central bank, the Securities & Exchange Commission of Pakistan has now been aiming to promote investment in the real estate sector through Real Estate Investment Trusts (REITs). REITs are companies that raise funding from the general public and institutions such as banks, and deploy these funds through investment in real estate properties. The SECP says it has revamped the regulatory framework to facilitate REITs. “The amendments have shifted the regulatory structure from approval-based to disclosure-based issuance, reducing entry barriers for new REITs,” the SECP said in a statement. “It will help in making REITs competitive with the unorganized sector led real .

Evolving sustainable growth model - Newspaper

With the ministries of finance and planning on the same page, the production sectors are expected to be placed at the centre of the forthcoming federal budget growth strategy in a bid to put the economy on a sound footing. In recent decades, economic growth has predominately been driven by consumption while on the supply side, the contribution of investment, production and exports to GDP expansion has remained much below their potential. The domestic demand is met with huge imports of foreign goods and services that have no share in GDP. Though the inflows of workers’ remittances have positive effects on economic growth, it is primarily through the consumption channel, while the investment channel is not found significant, say a working paper central bank researchers Sarmad Ellahi and Muhammad Omer.

ASX seesaws; Altium rejects Autodesk takeover offer

ASX dips; S&P moves Australia to stable Save Share S&P revises Australia outlook to stable, affirms ratings Phillip Coorey Australia has bucked the global trend and had its credit rating taken off negative watch in response to what agency S&P says was the government’s swift and decisive repose to the coronavirus pandemic. In a statement that has buoyed the Morison government, S&P revised its long-term rating for Australia from negative to stable. “At the same time, we affirmed our AAA long-term and ‘A-1+’ short-term unsolicited sovereign credit ratings on Australia,” it said in a statement issued Monday.

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