Economic and Finance News
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Mobile Customs squads' powers taken away
ISLAMABAD (July 08 2004): The Central Board of Revenue (CBR) has barred mobile customs squads from searching private vehicles throughout…
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Unilever accepts Westbury's Rs 1.33 billion bid for edible oil business
KARACHI (July 13 2004): The board of directors of Unliver Pakistan has recommended for acceptance of the bid for Rs…
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Procedure for imports clearance fine-tuned
ISLAMABAD (July 12 2004): To streamline imports clearance procedure, the Central Board of Revenue (CBR) has announced that importers will…
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Stricter government procurement rules come into force
ISLAMABAD (July 05 2004): In order to bring about good governance, transparency, accountability and improvement in public procurement of goods,…
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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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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…
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SECP extends Companies Easy Exit Scheme (CEES)
KARACHI (July 03 2004): The Securities and Exchange Commission of Pakistan (SECP), on representations received from corporate entities, has extended…
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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…
