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SECP undertakes strict monitoring & vigilance of corporate sector KARACHI: The Chairman Securities and Exchange Commission of Pakistan (SECP) Tahir Mahmood has said that the SECP has been remaking its Standard Operating Procedures (SOPS) and procedures to ease the regulatory compliance.He was addressing a joint press conference here on Friday to highlight the recent achievements and developments of the SECP.Commissioner Specialized Companies Division Imtiaz Haider, Commissioner Insurance Asif Arif and Commissioner Securities Market Division Zafar Abdullah were also present at the occasion.Tahir Mahmood said that the SECP undertakes strict monitoring and vigilance of the corporate sector with a view to promoting transparency, accountability and good corporate governance practices and thereby protecting the interests of investors.He said that Pakistan is among few jurisdictions where a company could be registered in a day. Under the fast track registration services (FTRS), a company could be registered in four hours, he said and added that the FTRS are currently available for core processes ...

Pakistan net foreign investment rise 6 percent KARACHI: Pakistan received $669.8 million in foreign direct investment in the first nine Month of the current 2013/14 fiscal year compared with $631 million received during the same period a year earlier.Foreign direct investment rose by 6 percent during July-March, according to the State Bank of Pakistan.In March 2014, foreign direct investment rose to $63.5 million.Net foreign direct investment in the fiscal year of 2012/13, which ended in June, was $1.456 billion. Copyright Reuters, 2014 ...
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 ...
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 ...
Pak maritime trade to further boost as China accelerates planning to re-connect Maritime Silk Road BEIJING: The maritime trade of Pakistan will get further boost through inter-connectivity as the Chinese government is stepping up the planning of reviving the Maritime Silk Road in the 21st century, with port construction as the priority, according to local media.The plan is expected to focus on infrastructure construction of countries along the route, including ports of Pakistan, Sri Lanka and Bangladesh, the China Securities Journal said.China will coordinate customs, quality supervision, e-commerce and other ...


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