Economic and Finance News
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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…
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SBP issues first 'B' forex company licence
KARACHI (June 23 2004): The State Bank of Pakistan on Tuesday issued the first 'B' category Exchange Company Licence to…
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Sales tax registration drive to start next month
ISLAMABAD (June 23 2004): To expand the tax base for meeting revenue target of 2004-05, the Central Board of Revenue…
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CVT rate cut to 0.01 percent
ISLAMABAD (June 23 2004): The government has decided to cut CVT from 0.1 percent to 0.01 percent, in addition to…
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Dalda changing hands; Unilever deal with palm oil mogul
KARACHI (June 16 2004): Leading palm oil importer Bashir Janmohammad, in collaboration with an Employees Group led by Pervez Khan,…
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Further tax withdrawn from June 12: CBR
ISLAMABAD (June 16 2004): To facilitate the business community, the Central Board of Revenue (CBR) has announced withdrawal of “further…
