THE RUPEE: Steadier Trend
Steadier trend was witnessed on the money market on Thursday in process of rising demand for the greenback, dealers said. Positive developments on the political front, giving a boost to the national currency and probably the rupee may not fluctuate versus the dollar in the coming days. INTERBANK MARKET RATES: The rupee picked up three […]
SECP Registers 327 New Limited Liability Firms
The Securities and Exchange Commission of Pakistan (SECP) has registered 327 new limited liability companies during April 2013, raising the corporate portfolio to 62,203 companies. The SECP in its continued efforts to promote corporatization in the country is holding seminars with all stakeholders, conducting awareness campaigns, and extending facilities. Out of the 327 new companies […]
SECP Takes Actions Against Non-compliant Market Participants
The Securities and Exchange Commission of Pakistan (SECP) has endeavored to continue its efforts for the development of a transparent and efficient stock market by ensuring investors’ protection and strengthening the enforcement procedures. “Adopting an aggressive approach for the prevalence of a fair market, the Securities Market Division (SMD) has been practicing vigilant supervision and […]
SECP makes Online Filing of Returns Mandatory
The Securities and Exchange Commission of Pakistan (SECP) has made it mandatory for all listed companies and companies in other categories to file documents, returns, accounts and applications, through SECP’s eServices online filing facility. The SECP had issued a notification in this regard on March 13, 2013, wherein, May 13, 2013 was given as an […]
Pakistan Spends US$ 4.377bn on Telecom imports in Five Years
Pakistan has imported around US $ 4.377 billion mobile phone handsets and other telecom apparatus during last five years with telecom imports of US $ 1.331 billion only in 2007-08, the most promising year for the sector. Pakistan Telecommunication Authority (PTA) in its year 2012 report has revealed that the country imported mobile phone handsets […]
PSO’s after Tax Profit increased by 3.8 Percent
The Pakistan State Oil (PSO) has posted sound financial results over the nine months from July, 2012 to March, 2013 with its earnings after tax increased by 3.8 percent. The Board of Management met at PSO House to review company’s performance for the first nine months of the financial year 2013. The meeting was chaired […]
Corporate Upbeat Rate Continues: SECP
The Securities and Exchange Commission of Pakistan (SECP) registered 383 new limited liability companies in March, bringing the total corporate portfolio to 61,887 companies. According to a statement issued by the Commission here Monday, compared with preceding month, 8 percent growth in corporate registration has been witnessed.> The growth witnessed is a result of persistent […]
SECP Seeks to Cut Fees For Late Filing of Returns, Accounts
The Securities and Exchange Commission of Pakistan has proposed certain amendments to the 2003 Companies (Registration Offices) Regulations, whereby a substantial reduction in the additional fees for late submission of statutory returns, annual accounts and other documents filed by the companies has been proposed. As per current regulations, on late filing of documents, heavy additional […]