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SECP adopts stringent measures for market surveillance ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has strengthened its monitoring and surveillance of trading activity at the exchanges and restructured and reinforced its Market Surveillance and Special Initiatives Department.Stringent measures will be adopted to ensure integrity and fairness in the trading activity and to identify abusive, manipulative and irregular trading practices, says a statement issued by the Commission here today.With additional resources in place, the department now consists of three separate wings, i.e. the Market Surveillance Wing, the Market Watch and Development Wing and the Media and Research Wing.This reorganization of Market Surveillance department has enhanced the SECP's capacity and effectiveness for monitoring and surveillance of Pakistan's capital markets, not just through monitoring trading activity but monitoring of the entire spectrum, including observing company announcements, index movements, media reports, rumors and speculation. All of this strengthens the SECP's position as a robust regulator and further instills confidence ...

Sugarcane to cover 1.8mn acre area in Punjab in 2014-15 MULTAN: Provincial government has set the target of sugarcane sowing at 1.853 million acre area in Punjab with expectations of 43 million ton production at the rate of estimated average per acre yield of 621.85 Maunds.In a release issued by media liaison unit of Punjab agriculture department on Thursday, the agriculture spokesman said that duration between first week of February to mid March was best suitable for spring sugarcane crop sowing.He advised farmers to sow ...
SECP initiated 94 show cause proceedings ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Thursday initiated 94 show-cause proceedings for contravention of the Companies Ordinance, 1984 by companies and their directors.The Enforcement Department of the SECP issued these notices during the month of January 2015.Majority of these proceedings pertain to failure of companies to hold annual general meeting (AGM) and for not submitting timely interim financial statements with the Commission,according to statement issued by SECP.The Section 245(1)(b) and 233(5) ...
Punjab govt allocates Rs14.97bn for agri sector SIALKOT: The Punjab government has allocated Rs 14.97 billion during the current fiscal year for promotion of the agriculture sector and welfare of the grower community in the province.Sources in the Agriculture department told APP on Thursday that under the programme, a special attention would be accorded on enhancement of agriculture yield, promotion of drip irrigation system, leaser land leveling and construction of water courses for improving the irrigation system in the Punjab. The work ...
Pakistani textile products have great potential in European markets ISLAMABAD: The Ambassador of Pakistan to France Ghalib Iqbal has said that Pakistani textile products have great potential of finding more space in European markets.He was talking to Michal Scherppe, the President of Taxworld Fair being held in Paris, said a message received here on Wednesday.The Ambassador visited Pakistani Pavilion and Pakistani entrepreneurs' stalls. He discussed with the exhibitors prospects of business development in France and assured them of continuation of full support and cooperation ...
SECP rolls out vision for commodities trading ISLAMABAD: In order to facilitate farmers in better price discovery access for their products and to provide them easy access to markets, the Securities and Exchange Commission of Pakistan (SECP) has embarked upon developing a road map for the commodity market in Pakistan.The SECP is restructuring the Pakistan Mercantile Exchange Limited (PMEX) to improve its effectiveness and to shape it into a vibrant commodity futures exchange, says a statement here Wednesday.The roadmap revolves around the ...
SECP sets up specialized department to regulate Islamic finance companies ISLAMABAD: To regulate and develop the Islamic financial market, the Securities and Exchange Commission of Pakistan (SECP) has established an Islamic Finance Department.The new specialized department shall carry out the functions of Shariah regulation and compliance, product development, market awareness, Shariah securities market development and international liaison and networking, said a statement issued here on Wednesday.The Islamic Finance Department will act as a backbone for coordination between the SECP's operational departments with the primary objective ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln