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KSE 2008 crash probe report likely soon

ISLAMABAD: Minister for Finance Senator Mohammad Ishaq Dar Saturday directed the Securities and Exchange Commission of Pakistan (SECP) for early release of 2008 stock market crisis report. The minister also directed that in order to ensure transparency, theĀ  report should be presented in the Policy Board for appraisal and thenĀ  it should be released for…

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August 15, 2015

 

SECP initiates action against 23 international NGOs

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has initiated action against 23 international NGOs (NGOs) to strike their names off the register of companies. A statement issued by SECP here Friday said the action was taken in line with the National Action Plan to scrutinize working and accounts of local and foreign NGOs. The…

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August 7, 2015

 

KASB Modarba takes control of two funds

ISLAMABAD: Pakistan's Supreme Court has upheld a decision by the capital market regulator to transfer the management of two Islamic investment funds to Karachi-based KASB Modaraba, accelerating efforts to strengthen financing by investment partnerships. On Friday, KASB Modaraba said it had taken management control of First Pak Modaraba and First Prudential Modaraba, a decision first…

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November 21, 2014

 

SC declares SECP chairman appointment null and void

Staff ReportISLAMABAD: The Supreme Court of Pakistan on Friday declared the appointment of Mohammad Ali, Chairman of the Securities and Exchange Commission of Pakistan, as null and void, SAMAA reports.A divisional bench of the Supreme Court headed by Justice Jawwad Khawaja also directed to immediately make new appointment under relevant articles of the SECP Act….

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April 12, 2013

 

SECP to remove KSE lower stock cap today

KARACHI: Securities and Exchange Commission of Pakistan (SECP) in light of the decision of the Sindh High Court (SHC) has announced to remove the lower capping of stock prices at the Karachi Stock Exchange (KSE) from today (December 15). A meeting of SECP, KSE administration and National Clearing Company (NCC) was held here on Sunday….

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December 14, 2008

 

SECP to challenge SHC decision on KSE floor

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) would abide by the decision of the Sindh High Court (SHC) to retain the Karachi Stock Exchange (KSE) floor but it has decided to challenge the verdict. This was stated by SECP chairman Razi-ur-Rahman after the SHC issued stay order here on Saturday to retain the…

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December 13, 2008

 

ICMAP, SECP hold seminar on SECP e-Services

KARACHI: Executive Director (Registration) Securities Exchange Commission of Pakistan (SECP), Nazir Ahmed Shaheen has said that being government regulatory body, SECP's mission is to develop modern and efficient corporate sector and capital market. The two, he said ought to be based on sound regulatory principles, that provide impetus for high economic growth and foster social…

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November 5, 2008

 

Market support fund to become operative soon: SECP

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) Chairman, Razi-ur-Rahman has said that the work on market support fund would be in operation soon. In an exclusive talk with Geo News, he said that SECP and the government financial institutions were engaged in talks for finalizing the modus operandi for making the fund operative. He…

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November 4, 2008

 

SECP for setting up Rs.20 bln open end fund

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has given formal approval for establishing of the new Rs. 20 billion open ended fund to provide a soft lending to the market on its opening on October 27. The new Rs. 20 billion open ended fund being established by the Government of Pakistan and managed…

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October 23, 2008

 
 
 
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