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MCB Bank Acquires 30% Additional Stake in Asset Management Company

MCB Bank Acquires 30% Additional Stake in Asset Management Company
propakistani.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propakistani.pk Daily Mail and Mail on Sunday newspapers.

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MCB Bank to Acquire 30% Additional Stake in Asset Management Company

MCB Bank to Acquire 30% Additional Stake in Asset Management Company
propakistani.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propakistani.pk Daily Mail and Mail on Sunday newspapers.

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Pakistan Is Now Fully Committed to Supporting Fintech Startups, Also Updates Foreign Equity Investment Policy

Pakistan Is Now Fully Committed to Supporting Fintech Startups, Also Updates Foreign Equity Investment Policy
Arshad Mehmood Bhatti, Director, Exchange Policy Department at the
State Bank of Pakistan (SBP), the nation’s central bank, has noted that the SBP has updated its Foreign Exchange Manual in order to facilitate local startups and Fintech firms in the country.
The manual was also updated to improve the process of handling exports from Pakistan and also to help with modernizing the foreign exchange regulations in the Asian country that’s home to around 220 million residents.
Bhatti confirmed the following updates:
“The changes include revised Equity Investment Abroad Policy, which facilitates (a) start-ups / Fintechs to establish holdco abroad to channelize investment in their operating companies, (b) exports through allowing establishment of subsidiary, branch offices, marketing offices etc, (c) acquisition of shares as sweat equity.” ....

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State Bank of Pakistan modernizes foreign exchange regulations to facilitate start-ups, fintechs and exports

State Bank of Pakistan modernizes foreign exchange regulations to facilitate start-ups, fintechs and exports
Karachi, February 10, 2021 (PPI-OT): State Bank of Pakistan (SBP) has notified revisions in chapter 20 of the Foreign Exchange Manual to facilitate Start-ups, Fintechs and Exports. The new policy for equity investment abroad will attract foreign direct investment through the establishment of holding companies by Pakistani fintechs and startups; support exports by facilitating exporters to establish subsidiaries or branch offices outside Pakistan; and, allow resident Pakistanis to acquire sweat equity, amongst other changes to the Foreign Exchange (FX) regulations.
Further changes in the foreign exchange regulations will facilitate portfolio investment in the country including mutual funds, Exchange Traded Funds (ETF) and Real Estate Investment Trust (REIT) Funds through Pak rupee based Roshan Digital Account (RDA) and Special Convertible Rupee Account (SCRA). SBP, a ....

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SBP announces changes in FX regulations

SBP has allowed the trading of units of funds quoted at SCRA and PKR version of Roshan Digital Account ....

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