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CCP approves integration of stock exchanges ISLAMABAD: The Competition Commission of Pakistan (CCP) has issued the detailed Phase II Review order in the matter of integration of Islamabad, Lahore and Karachi Stock Exchanges, approving the merger while imposing conditions to remedy certain competition concerns.A statement issued by CCP here Monday said the order has been issued by a bench comprised of Chairperson CCO, Vadiyya Khalil, Mueen Batlay, Member Mergers and Acquisitions, Shahzad Ansar, Member OFT and Advocacy and Ikram Ul Haque Qureshi, Member Cartels and Trade Abuse, and Legal.In its detailed judgment, CCP has undertaken a comprehensive competitive analysis of the merger to determine if it substantially lessens competition by creating or strengthening a dominant position.The order provides that the market under scrutiny is the `trading platform for the sale, purchase and exchange of listed securities'.It further elaborates that an integral subset of this market is the broker to broker interaction.The Commission has taken a two-pronged ...

ECP to use android technology for collecting LG poll results ISLAMABAD: Additional Secretary Election Commission of Pakistan Fida Muhammad Khan Monday said ECP has introduced android technology in local government elections to collect results from Returning Officers (Ros) to ensure efficiency and transparency.Talking to media here, he said that 200 polling stations, out of 640, had been selected to use the technology on experimental basis.If the process is succeeded, he said, the android technology system would be introduced in the next general elections to be ...

Rangers arrests four suspects KARACHI: Pakistan Rangers Sindh has arrested four suspects in a targeted raid in Lines Area.The Rangers spokesman said here on Monday the weapons were also recovered from the suspects. Copyright APP (Associated Press of Pakistan), 2015

Petrol, HSD prices to remain unchanged: Ishaq Dar ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar Monday announced that there would be no change in prices of petrol and High Speed Diesel (HSD) for the month of December.Addressing a press conference after chairing Economic Coordination Committee (ECC) meeting here, he said the prices of petrol and HSD would remain unchanged and these two products would be available in the market at Rs. 76.26 per liter and HSD at Rs. 83.79 per liter respectively.He said, ...

Govt's efforts in oil, gas sector yielding results ISLAMABAD: The government is taking concrete measures to meet the country's growing energy needs, surging oil production to around 100,000 barrels per day.According to official sources the performance is the result of effective monitoring of Petroleum Exploration and Production Companies (E&P) activities in accordance with the work commitments.Similarly, the government has so far awarded 46 new petroleum exploration licenses which is a record performance in the country's history.The sources added for the first time the ...

Govt. to eradicate polio: Saira Tarar KARACHI: Minister of State for National Health and Services, Regulation and Coordination, Saira Afzal Tarar on Monday said that her ministry is committed to eradicating polio virus from Pakistan. She said that for controlling the crippling virus there was further need of improved and concerted efforts and for that Centre and Provinces were eandeavouring hard. Drawing more attention to Karachi for preventing the virus as the city had become a spreading source to other areas, ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
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WeeklyNovember 23, 2015
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