Finance
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SECP and SBP announce Margin Financing rules
ISLAMABAD (July 04 2004): To reduce speculations at stock market by replacing badla trading, the Securities and Exchange Commission of…
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Islamic Banking: SBP receives three applications
KARACHI: Pervez Said, Director, Islamic Banking Department (IBD) of State Bank of Pakistan (SBP) disclosed on Friday that the central…
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CDC introduces ‘deposit functionality’
KARACHI: The Central Depository Company (CDC) introduced the deposit functionality through Investor Account Services (IAS), which would help retail investors…
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Banks’ entry into NBFI sector not feasible: SECP
KARACHI: Chairman Securities and Exchange Commission of Pakistan (SECP) Dr Tariq Hassan has said that banks’ foray into non-banking activities…
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Export refinance scheme limit extended
KARACHI (June 25 2004): The State Bank of Pakistan (SBP) on Friday has allowed banks to continue to avail refinance…
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SBP to issue monetary policy on July 20
KARACHI (June 25 2004): State Bank will issue a statement next month to outline its monetary policy for the first…
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New reinsurance company being set up to focus on ECO and CARs
KARACHI (June 28 2004): A new company under the supervision of Pakistan Reinsurance Company (PRC) is being set up with…
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Bourses to deposit CVT and WT amount by 25th of every month
ISLAMABAD (June 29 2004): The Central Board of Revenue (CBR) has accepted a major demand of stock exchanges to deposit…
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40,000 small traders exempted from sales tax audit
ISLAMABAD (July 01 2004): Giving immunity from audit to over 40,000 small and medium entrepreneurs, the Central Board of Revenue…
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SECP finalises Margin Trading Rules, 2004
KARACHI (July 03 2004): The Security and Exchange Commission of Pakistan (SECP) has finalised the Margin Trading Rules, 2004 to…
