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Listed companies allowed to hold meetings through videoconferencing ISLAMABAD: In order to facilitate shareholders and to ensure their participation in meetings, the Securities and Exchange Commission of Pakistan (SECP) has allowed listed companies to hold general meeting through video conferencing facility."Listed companies can hold general meetings through videoconferencing with a view to providing larger participation and lowering attendance costs for shareholders. The facility will allow shareholders residing at different locations to participate in meetings", a statement of the Commission issued here on Thursday said.The Videoconferencing can be used to enhance shareholders' involvement during general meetings. The use of videoconference appears to be the best option as it allows face-to-face interaction among various people at different locations.Shareholders' general meeting through videoconference has been allowed in other jurisdictions such as India, Hong Kong, the US, and Denmark.The general meeting is an important event for the shareholders, since it is a forum where main aspects of the corporate and financial life ...


President Mamnoon to visit Nigeria on April 21 ISLAMABAD: President Mamnoon Hussain will undertake an official visit to Nigeria from April 21 to 23, at the invitation of the President of Nigeria Goodluck Jonathan. Foreign Office Spokesperson Tasnim Aslam said that this is an important visit since it will be the first presidential visit from Pakistan to Nigeria in last three decades. President Mamnoon Hussain will meet President Goodluck Jonathan during his stay in Abuja. The Vice President of Nigeria and senior Nigerian ...

Wheat rate to be increased next year, says Bosan DERA MURAD JAMALI: Federal Minister for Food and Agricultural, Sikandar Hayat Bosan Thursday said the government would increase wheat rate next year, adding that it would purchase all quantity of wheat produced this year. He was addressing at Farmers Convention in Dera Allahyar, the district headquarters of Jaffarabad. He said, "We are aware of difficulties and problems faced by peasants. The government did not increase wheat price due to high price hike," adding that however, ...

Bosnia Ambassador for promoting trade ISLAMABAD: Bosnia enjoys quota free market access to European Union and Pakistan should promote trade relations with Bosnia for getting enhanced market share in European countries.This was stated by Ambassador of Bosnia, Nedim Markarevic while addressing business community at Islamabad Chamber of Commerce & Industry here on Thursday.He said Sarajevo Business Forum being held from May 14-15 provides a good platform to Pakistani entrepreneurs to meet with their counterparts and they should participate in that ...

IRP being pursued in varsities to strengthen manufacturing sector ISLAMABAD: The government is pursuing Industrial Research Programme (IRP) in local engineering universities to redress technical problems of industry and strengthen manufacturing sector in the country.The share of manufacturing in Gross Domestic Product (GDP) during last five years remained around 13.5 per cent which showed a decreasing trend with the each passing year.The share of manufacturing in GDP was 13.8 per cent in 2009, 13.6 per cent in 2010, 13.4 per cent in 2011 and ...

SBP mops up Rs 35,000mn in OMO KARACHI: State Bank of Pakistan (SBP) on Thursday mopped up Rs 35,000 million under its 7-days repo sale through its open market operation (OMO) in Government of Pakistan Market Treasury Bills.The bids offered were of the same amount, said a SBP release here.Copyright APP (Associated Press of Pakistan), 2014

82 shopkeepers fined for profiteering KARACHI: The divisional and district administration has fined 82 shopkeepers and fine of Rs1,64,500 were imposed for overcharging and violating officially approved price list.According to a statement issued here on Thursday, during crackdown the district administration fined 54 milk sellers, four food items grocers, 17 chicken sellers, two fruit sellers and five vegetable sellers.The action against profiteers were taken in the areas including Aram Bagh, Civil line, Gulshan Iqbal, Jamshed Quarters, Orangi, Gulberg, Bin Qasim ...


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln