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SECP starts 448 show cause proceedings ISLAMABAD: The Enforcement Department of the Securities and Exchange Commission of Pakistan (SECP) has initiated 448 show cause proceedings related to various matters, including violation of takeover laws and non- compliance with legal obligations against companies.According to a statement of the SECP issued here on Thursday, in the recent surge in regulatory alarms and stronger push to pursue individuals for wrongdoings is the result of the implementation of SECP's vision of enforcing corporate securities' laws, accountability of holding companies and their auditors, and creating a compliant corporate culture.Through enforcement actions the SECP has reassured the investors that as an independent and robust regulator, it will provide a level-playing field to investors, and perpetrators will be taken to task.The enforcement actions covered the full spectrum of the 1984, Companies Ordinance and other statutes.Moreover, the Enforcement Department scrutinized various applications of companies, and accorded approvals and relaxation from certain provisions of laws ...

President, PM grieved over death of Pakistani origin teen pilot ISLAMABAD: President Mamnoon Hussain and Prime Minister Muhammad Nawaz Sharif have expressed deep grief and shock over the death of Haris Suleman, a young pilot of Pakistani origin and his father Babar Suleman whose aircraft crashed near the coast of United States.The President and the Prime Minister also expressed condolences to the bereaved family and prayed for the blessings of departed souls.The 17-year-old Haris had recently got his private pilot's licence and was attempting a ...
Federal Govt disburses Rs1047mn among IDPs so far ISLAMABAD: The Federal Government has disbursed over one thousand forty-seven million rupees among the internally displaced persons (IDPs) of North Waziristan Agency.According to FATA Disaster Management Authority (FDMA), 22,941 IDPs families have received cash assistance, Radio Pakistan reported.16,114 fresh SMS have been sent to the IDPs to collect their cash assistance through mobile SIMs.Meanwhile, the Khyber Pakhtunkhwa Government under Esaar Programme has given cash assistance of 102.5 million rupees to the IDPs.The IDPs have been ...
Rs90mn given to 11,363 IDPs families: PDMA ISLAMABAD: Director Provincial Disaster Management Authority Farman Khilji said that an amount of over 90 million rupees was distributed among 11,363 IDPs families.Talking to Radio Pakistan, he said that the distribution of cash assistance among IDPs from North Waziristan Agency under Esaar Programme of Khyber Pakhtunkhwa was in full swing.He said the assistance was given to IDPs in Bannu, Karak, Lakki Marwat, Hangu, Dera Ismail Khan, Kohat, Peshawar, Charsadda, Swat, Abbottabad and Mansehra.He said that ...
Progress of Bus Rapid Transport project reviewed KARACHI: Administrator Karachi Rauf Akhtar Farooqui said transport problems in Karachi would solve to a greater extent with the completion of Bus Rapid Transport (Blue Line) Project.This would be the best transport facility for passengers travelling from Sohrab Goth to Tower, therefore all utility services providers prepare urgent plan for shifting of their services from the BRT (Blue Line) route so that this project which was going to start in next few months could complete ...
25 criminals arrested MULTAN: Police claimed on Thursday to have arrested 25 criminals, including 15 proclaimed offenders in the district.According to police, proclaimed offenders, including Rasheed Ahmad, Fazal Hussain, Ameer Buksh, Ghulam Rasool, Muhammad Hayat, Muhammad Gillani, Muhammad Iqbal, Qadir Buksh, Muhammad Nasir, Ishfaq, Manzoor Hussain, Munir Ahmad, Sufyan, Noor Muhammad and Muhammad Ramzan, were arrested.Police have also apprehended five drug pushers and five illegal weapon holders besides seizing 27 litre liquor, 410g hashish, two pistols, one carbine, ...
LSE's Eid, Jumatul-Wida holidays LAHORE: The Lahore Stock Exchange will remain closed from July 29 to August 1, 2014 on account of Eid-ul-Fitr Holidays, said the LSE spokesman here Wednesday. The ultra trade and the office of the Exchange shall resume with pre-Ramadan regular timings from August 4, 2014, he said, adding the Exchange would also remain closed on July 25, 2014 on account of Jumma-tul-wida.Copyright APP (Associated Press of Pakistan), 2014 ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln