01162017Mon
Last update: Mon, 16 Jan 2017 05pm

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Heavy rains have virtually paralyzed industrial and trading activities in the city. Industrialists said production activities in the industrial estates plunged by 50-80 percent on Saturday. The rain marred business and production activities amid power outages and low worker turnout due to thin public transport.

The Securities and Exchange Commission of Pakistan (SECP) has fixed Rs 50 million as minimum equity requirement for performing functions of a debt securities trustee. The SECP has issued Debt Securities Trustees Regulations, 2017 to give a comprehensive regulatory framework under the Securities Act, 2015 for licensing and regulation of debt securities trustees (DSTs).
The minimum paid-up capital of Rs 3 million has been fixed by the Securities and Exchange Commission of Pakistan (SECP) for grant of licence to any public limited or private limited company for working as share registrar and ballotter.
A meeting of the Economic Coordination Committee (ECC) of the Cabinet has been informed that food inflation with contribution of 1.1 percentage points and non-food inflation with 2.6 percentage points were major drivers of headline inflation in December, 2016.
German Chan-cellor Angela Merkel warned Saturday against protectionist tendencies of US President-elect Donald Trump, citing lessons learned in the 2008 global financial crash and stressing the need to "move forward together".
The government has released Rs 292.31 billion (36.5 per cent), including Rs 69.88 billion foreign aid, for different development projects under the Public Sector Development Programme (PSDP) 2016-17 against the total budget allocation of Rs 800 billion.
Privatisation Commission (PC) has asked the management of Pakistan Telecommunication Company Limited (PTCL) to arrange the audit of the company by the Auditor General of Pakistan (AGP).