Author name: Web Desk

Karachi: Pak-Qatar Asset Management Company Limited (PQAMC), a leading dedicated Islamic asset management company in Pakistan, has announced a monthly dividend of PKR 0.6465 per unit for its Pak-Qatar Monthly Income Plan (PQMIP) for March 2026. Read More: https://theboardroompk.com/elon-musks-spacex-files-confidentially-for-blockbuster-ipo-valued-at-over-1-75-trillion/ PQMIP, one of the highest-return plans in its category, continues to deliver strong performance for investors seeking Shariah-compliant income solutions. The dividend was earned as of March 27, 2026. PQAMC recently received an Asset Manager rating of ‘AM2+’ with a Stable Outlook from VIS Credit Rating Company Limited, reflecting the company’s solid market position and operational strength. Mr. Farhan Shaukat, Chief Executive Officer of PQAMC, approved the dividend distribution under authority delegated by the Board of Directors. “We are pleased to announce this distribution to PQMIP unit-holders,” said Mr. Farhan Shaukat. “This reflects our robust investment strategy and ongoing commitment to delivering value to our participants. The recent rating upgrade further validates the confidence our stakeholders place in PQAMC.” As part of Pak-Qatar Group, Pakistan’s pioneer in Islamic financial services, PQAMC remains dedicated to supporting the nation’s economy through innovative, Shariah-compliant investment solutions. Investors can view PQMIP’s performance on the Mutual Funds Association of Pakistan (MUFAP) website.

KARACHI: In an important move to build a financially savvy young generation, the State Bank of Pakistan (SBP) has launched a new framework for teenagers’ accounts enabling them to independently own and operate bank accounts and digital wallets. The framework is designed to empower the country’s youth to save securely, transact confidently, and develop responsible financial habits. By providing a convenient entry into the formal financial system at an early age, the SBP aims to foster meaningful participation of teenagers in the economy The initiative addresses a critical gap in Pakistan’s financial landscape. While overall account ownership has risen to 67% of adult population, teenagers have largely been confined to joint or parent-controlled accounts, limiting their practical financial engagement and learning. With around 26 million Pakistanis between the age of 13 to 18 years, this framework is an effort for nurturing a generation that is financially literate, digitally adept, and capable of driving future growth. The Key Features of the New Framework include: Ownership & Independent Operation: Teenagers can now manage their accounts and wallets directly, fostering a sense of responsibility and ownership. Secure & Structured Access: Built within a regulated environment, the framework ensures safety while introducing young users to formal financial services. Foundation for Digital Economy: Equips the youth with the tools and experience necessary to participate in an increasingly digital financial ecosystem. This initiative is a cornerstone of SBP’s Strategic Plan 2023-28 and the National Financial Inclusion Strategy (NFIS) 2024-28, which prioritize youth inclusion. It also builds on Pakistan’s internationally recognized efforts in this area, following the SBP’s receipt of the AFI Global Youth Financial Inclusion Award last year. The Teenagers Account framework is more than a new banking product—it is a strategic step towards a more inclusive financial system. By empowering teenagers, Pakistan is building a stronger, and financially literate youth having capacity to independently and effectively access variety of financial services being offered by banks and financial institutions. Further details available at: https://www.sbp.org.pk/bprd/2026/C1.htm

KARACHI: Port Qasim Authority (PQA) carried out a successful emergency bunkering operation for MV Fairchem Katana, reinforcing its capability to respond swiftly to maritime challenges while maintaining uninterrupted port operations. Read More: https://theboardroompk.com/china-targets-ai-addiction-risks-with-new-digital-human-regulations/ The vessel faced an unexpected fuel shortage and was unable to receive bunkers at anchorage, creating a potentially risky situation. Prompt action was required to prevent operational delays and ensure the safety of the vessel. Strategic Berthing Decision PQA responded by prioritising the vessel’s berthing at the Marginal Wharf, providing a secure and controlled environment for refueling. Around 500 metric tons of bunkers were supplied during the operation, allowing the vessel to stabilise and continue its voyage. Authorities noted that the decision to berth the vessel reflected effective coordination and efficient resource management, ensuring a rapid resolution to the issue. Ensuring Safety and Efficiency The emergency operation was conducted without any disruption to ongoing port activities. Cargo handling operations for other vessels continued smoothly, highlighting the port’s ability to manage multiple priorities simultaneously. PQA emphasised that ensuring maritime safety remains a top priority, particularly in emergency situations involving fuel shortages. The authority also reaffirmed its commitment to maintaining a reliable bunkering supply for vessels under all conditions. The successful operation underscores Port Qasim’s strategic role in supporting regional maritime trade and its reputation as a dependable port capable of handling critical situations efficiently.