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Senate passes Securities and Exchange Commission amendment bill
Source: Dawn News | 13-03-2013

he Senate on Tuesday unanimously passed the Securities and Exchange Commission of Pakistan (Amendment) Bill of 2013 aimed at regulating the domestic capital market and safeguarding the interest of investors.


The bill was introduced by Finance Minister Saleem Mandviwalla.According to proponents of the legislation, the purpose of the bill is to amend the Securities and Exchange Commission of Pakistan Act, 1997 with a view to make it more effective in achieving its objectives.The proposed amendments in the bill will remove certain practical difficulties experienced in protecting the enforcement and other related actions of the commission and to ensure their continuity and effectiveness in connection with regulating the capital market and safeguarding the interest of investors.The bill has already been passed by the National Assembly. After signatures of the President it will become an Act of Parliament. 


 

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ICCI flays power liability on consumers to pay off debt Islamabad Chamber of Commerce & Industry (ICCI) has strongly criticised the government plan to pass on another electricity liability on consumers to pay off the circular debt of Rs 136 billion.   Mehmood Ahmed Waraich, Senior Vice President ICCI, said that government should not pursue the policy of burdening the consumer further because this propo..... Read more
Source: Geo News | 19-08-2013
 Dollar slips in Asian trade TOKYO: The dollar weakened against the yen in Asia on Monday with investors turning to the safe-haven Japanese unit following last week's losses on Wall Street. The greenback fetched 97.48 yen in Tokyo morning trade against 97.53 yen in New York late Friday. The dollar had briefly passed its Friday level after official data Monday showed Japan's trad..... Read more
Source: Tribune | 22-02-2013
Scrutiny of poll candidates: SC to decide fate of defaulters says SBP Governor The fate of bank loan defaulters in the past four decades will be decided by the Supreme Court, SBP Governor Yaseen Anwar revealed on Thursday. The State Bank of Pakistan (SBP) will only provide the most recent data on defaulters to the Election Commission of Pakistan for scrutiny of candidates, Anwar said while briefing the Senate Standing Committee on F..... Read more
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