Sibtain Jiwani, Chief Executive Officer at Smartchoice.pk shares his journey with Daily NewsPK and discusses the future initiatives that will be taken by Smartchoice,.pk.  

Employee Stock Option Plan (ESOP) is a popular method of attracting, motivating, and retaining employees. Stock Option Plans permit employees to share in the company’s success without requiring a startup business to spend precious cash. As a step forward to facilitate the corporate sector, the SECP hereby clarifies that private companies especially startups can offer […]

Pakistan Stock Exchange (PSX) and Bank Alfalah signed an agreement at a ceremony held at PSX Trading Hall. Under this agreement, Bank Alfalah has now become the country’s first commercial bank designated as a Market Maker for Debt Securities at the Pakistan Stock Exchange. Mr. Farrukh H. Khan, the CEO of the Pakistan Stock Exchange, […]

Qasif Shahid, Co-Founder & CEO at Finja, shares how they are transforming financial landscape and providing accessible services to Micro Small and Medium Enterprises (MSME) and their stakeholders. Finja is a modern day digital organization that aims to lead Pakistan’s economy towards digital transformation. Mr. Shahid says, “We believe in developing digital efficiencies which is […]

Meezan Bank, Pakistan’s first and largest Islamic bank, recently announced a groundbreaking partnership with Finja, the country’s first dual-regulated fintech (regulated by SBP and SECP), to support MSMEs (Micro, Small, and Medium Enterprises) through Shariah-compliant digital financing. Local small businesses play a major role in the country’s economy but unfortunately, this sector has had limited […]

To provide mutual fund industry further relief in fulfilling regulatory compliance requirements during the COVID-19 pandemic, the Securities and Exchange Commission of Pakistan (SECP) has extended the timeline for Asset Management Companies (AMCs) to meet investor’s suitability assessment requirements, stipulated in Circular No 2 of 2020. The extended timeline is July 24, 2020. SECP’s suitability […]

SECP’s permission to non-bank microfinance companies (NBMFCs) to reschedule the loan portfolio not only helped NBFCs to adjust their portfolio at risk but also resulted in extending relief to 932,862 individuals and micro-enterprises that have borrowed over Rs. 17 billion from non-bank microfinance companies (NBMFCs), as of May 31, 2020. Out of these, 796,893 were […]

“This is a wakeup call for the insurance industry in Pakistan and opportunity to increase penetration using technology”, commented Sibtain Jiwani, Chief Executive Officer at Smartchoice.pk, during an exclusive Q&A session with our Editor in Chief and shared his insights on the impact of COVID-19 outbreak on the overall insurance industry landscape in Pakistan. 1. […]

“Partnerships among industry players as well as across industries will constitute a key success factor as the digital age advances in Pakistan”, expressed Ali Sarfraz, CEO, Karandaaz during an exclusive Q&A session with Daily NewsPK while sharing his insights on the FinTech and start-up landscape in Pakistan and the impact of COVID-19 on it. 1. […]

SECP Chairman, Aamir Khan emphasized that in these challenging times the development of the microfinance industry depends upon the resilience and risk management, achieved through quintessential pillars of liquidity-tapped through private capital and technology embracement. Khan was addressing the Non-Bank Microfinance Companies Stakeholders Forum organized by SECP to devise a way forward and collaborate strategic […]