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ISLAMABAD:
A three-day capacity-building workshop on Islamic Capital Markets, jointly organised by the Securities and Exchange Commission of Pakistan (SECP) and the Islamic Financial Services Board (IFSB), concluded on Friday, underscoring Pakistan’s significant progress in developing the Islamic finance industry. The workshop aimed to enhance the capacity of regulatory and supervisory authorities.
Chairman SECP…
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KARACHI:
Wilmar International Limited (WIL), Asia’s leading agribusiness group based in Singapore, has proposed to acquire an additional 23.20% stake in Unity Foods through its subsidiaries and partners. The aim is to assume management control of the company by injecting foreign investment.
The group and its partners have proposed to acquire an additional 277.07…
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ISLAMABAD:
In a significant move ahead of the privatisation of Pakistan International Airlines (PIA), the airline's management has announced the sale of additional spare parts for various categories of aircraft, valued at millions of rupees.
The management, focusing on streamlining resources, has decided to put spare parts of Boeing 737, Boeing 707, Fokker, and Cessna…
" The Securities and Exchange Commission of Pakistan (SECP) on Monday issued a circular clarifying provision of section 465(4) read with 510 of the Companies Act 2017 regarding filing of return with the registrar for change in shareholding of the companies.
Under the provisions of Section 465 of the Companies Act, 2017, it is mandatory…
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ISLAMABAD:
The Securities and Exchange Commission of Pakistan (SECP) conducted a session on Thursday for participants in the insurance industry to provide an overview of the Risk-Based Capital (RBC) regime and a walk-through of the recently disseminated RBC templates.
The meeting was attended by Chief Executive Officers (CEOs), finance and risk professionals from the…
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WEB DESK: In a strategic move towards fostering Islamic capital markets, the Securities and Exchange Commission of Pakistan (SECP) unveiled a concept paper on Friday outlining a roadmap for the introduction of Shariah-compliant brokerage services in the securities market.
The paper proposes an optimal…