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Sohail Sarfraz

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Listed companies: SECP revises procedure for shares buy-back

The Securities and Exchange Commission of Pakistan (SECP) has revised procedure for repurchase of shares of companies listed on the securities exchange. The SECP has issued SRO 54 (I)/2020 Wednesday to amend Listed Companies (Buy-Back of Shares) Regulatio
Published 30 Jan, 2020 12:00am
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ISAF containers scam: FBR compiling new report

The Federal Board of Revenue (FBR) is compiling a new report including facts and data on the International Security Assistance Force's containers scam in which at least 7,922 transit containers were pilfered that caused estimated revenue loss of Rs 19 bil
Published 28 Jan, 2020 12:00am
Business

CCP warns companies against unfair trade practices

In the interest of general public, the Competition Commission of Pakistan (CCP) has conveyed to the corporate sector that companies involved in misleading and unfair trade practices must be discouraged from selling their inferior products/services in a de
Published 26 Jan, 2020 12:00am
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Stock market brokers: SECP set to enforce new regulatory regime

The Securities and Exchange Commission of Pakistan (SECP) is all set to enforce a new regulatory regime to move towards consolidation of financial resource requirements of stock market brokers, reduce custody risks and set qualitative benchmarks.
Published 25 Jan, 2020 12:00am
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Deceptive marketing: CCP slaps Rs 35 million fine on dairy firm

The Competition Commission of Pakistan (CCP) has said that disregard for the applicable competition law and consumer welfare within the dairy industry is alarming and it must be ensured that such conducts are dealt with an iron hand and are not ignored.
Published 24 Jan, 2020 12:00am
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Provident funds can't be maintained in form of cash: SECP

The Appellant Bench of the Securities and Exchange Commission of Pakistan (SECP) Wednesday conveyed to the trustees of provident funds of companies that the provident funds cannot be maintained in the form of cash and funds must be deposited in the specia
Published 23 Jan, 2020 12:00am
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Tax collection growth: Automation only solution: FBR chairman

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi on Tuesday described the existing taxation system as "extortionist" and said the FBR is collecting 90 percent taxes in the shape of withholding taxes and deduction at source while only 5 to 10 percent
Published 22 Jan, 2020 12:00am