Economic and Finance News
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SECP develops rules for issue of commercial paper
ISLAMABAD (October 29 2002) : The Securities and Exchange Commission of Pakistan (SECP) has developed and issued “Guidelines for the…
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KSE index recorded 29.5 percent rise in 2001-2002
KARACHI (October 29 2002) : The Karachi Stock Exchange (KSE) witnessed a decrease in outflow in foreign portfolio investment in…
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Rules specified for Sales Tax disputes resolution
ISLAMABAD (October 27 2002) : The Government has specified a set of rules that shall apply to all cases of…
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Ombudsman holds medicine trader's registration for general sales tax illegal
ISLAMABAD (October 27 2002) : Since medicines are exempt from sales tax, the Federal Tax Ombudsman, Justice Saleem Akhtar, has…
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Pakistan's foreign exchange reserves up to record $8.445 billion
KARACHI (October 25 2002) : Pakistan's foreign currency reserves rose $169 million to a record $8.445 billion in the week…
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Securities, Exchange Commission notifies list of Authorised Insurance Companies
LAHORE (October 25 2002) : Securities and Exchange Commission of Pakistan (SECP) has notified as many as 51 insurance companies,…
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New banking company on the cards
KARACHI (October 25 2002) : A new banking company would be formed following amalgamation with Crescent Investment Bank Limited, Pakistan…
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Near-boom Conditions Prevail on Stock Market
KARACHI, Oct 24: Near-boom conditions prevailed on the stock market on Thursday as investors were not inclined to take even…
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PICIC declares dividend at 33.5pc
KARACHI, Oct 23: Relying on the steadfast clientele, Pakistan Industrial Credit and Investment Corporation (PICIC), on Wednesday set a new…
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Hubco posts Rs 11 million increment in profit
KARACHI (October 24 2002) : Hub Power Company profit in three months up to September 30, 2002, has shown an…
