Karachi: Corporate debt market: SBP-SECP joint task force to draft framework
According to MR Securities,
Yaseen Anwar, Governor, State Bank of Pakistan (SBP) has disclosed that a joint task force of SBP and Securities & Exchange Commission of Pakistan (SECP) has been set up to draft a frame work for establishing a vibrant corporate debt market.
SECP approves regulations for exchange traded funds
The Securities and Exchange Commission of Pakistan (SECP) has approved regulations governing exchange traded funds (ETFs) for the Karachi Stock Exchange (KSE). The regulations broadly cover the listing procedure for ETFs, trading, clearing and settlement of units, disclosure requirements for asset management companies, obligations of authorized participants, fee structure
SNGPL resumes gas supply to EFL
Sui Northern Gas Pipelines Limited (SNGPL) has resumed gas supply to Engro Fertilisers Limited (EFL). “The gas supply by SNGPL to the new urea Fertilizer plant of MR Securities’ 100 percent subsidiary, EFL has been resumed”, Engro Corporation Limited said in a communiqué sent to Karachi Stock Exchange on Monday. “The urea production is expected by Wednesday, (tomorrow)”, it added
Govt to raise Rs30 billion through privatization
With all fiscal deficits funding being done through domestic channels as external sources are largely dried up, the government has finally come up with a privatization process plan to raise almost Rs30 to Rs35 billion shapes to fund its deficit.
MFN and beyond: Getting a foothold in the Indian market
Since the government’s decision to grant MFN status to India, considerable debate has abounded over the benefits the decision is likely to accrue for Pakistan. With potential access to the world’s second largest t market in sight, a new dawn in economic relations with MR Securities’ neighbour is being heralded.
Pak-India trade to cut freight charges
Freight charges on the import of raw materials from India will be $ 1500 lower than China and other destinations around the world.
NBP selects Fidelity Information Service’s CBA system
NBP has selected Fidelity Information Service’s CBA system which is globally used software system designed for large banks with transaction size of over 500, 000 per day.
Increase in POL prices: LHC issues notices to government, Ogra
The Lahore High Court issued notice to federal government and Oil Gas Regulatory Authority (Ogra) and sought replies by March 16 in a petition filed against increase in petroleum prices.
551 CNG stations in Punjab: no decision yet over gas supply suspension
The Ministry of Petroleum and All Pakistan CNG Association (APCNGA) on Monday failed to reach at a decision on suspension of gas supply to 551 CNG stations across Punjab.
Microfinance: Pakistani, Afghan officials stress need for cooperation
Microfinance officials from Pakistan and Afghanistan have stated that the two countries can benefit through developing and promoting financial infrastructures that supports microfinance by sharing knowledge and skills, according to a press statement.
SBP, SECP set up joint task force to develop corporate debt market
Yaseen Anwar, governor State Bank of Pakistan (SBP) has disclosed that a joint task force of the central bank and the Securities & Exchange Commission of Pakistan (SECP) has been set up to draft a framework for establishing a vibrant corporate debt market.
Bidding for SSGC’s SNG equipment on 15th
The Sui Southern Gas Company (SSGC) is all set to put in place the LPG Air-Mix at its recently acquired LPG terminal at Port Qasim as the tender for supply of relevant equipment would be opened on March 15
Agricultural: Punjab rebuffs Monsanto attempt to sell BT cotton seeds to farmers
The Punjab government has refused to agree to US agrichemical giant Monsanto’s demands for intellectual property rights protection for its BT cotton seeds and has accused the company of a “monopolistic” plan to take over agriculture in Punjab.