• General
  • Industry
  • Government & Politics
  • Other Language
  • Press Release
  • Home
  • Submit News
  • Contact Us
  • About Us
Pakistan Newswire
Menu
  • General
  • Industry
  • Government & Politics
  • Other Language
  • Press Release
 › General › Securities and Exchange Commission of Pakistan dismisses rumours regarding market activity

Securities and Exchange Commission of Pakistan dismisses rumours regarding market activity

Web Desk September 30, 2015     Comment Closed     General

Islamabad, September 30, 2015 (PPI-OT): The Securities and Exchange Commission of Pakistan (SECP) has strongly dismissed and discounted reports in the print and electronic media that due to reference of certain cases to NAB, the stock market has experienced some fluctuations.

In a statement issued today, the SECP clarified that NAB has been approached to take punitive action exclusively against those brokers who embezzled shareholders’ assets and have fled the country. The SECP says that no other case against brokerage houses have been referred to NAB for any regulatory violations.

For the purpose, the Chairman SECP recently again met the NAB Chairman to pursue these particular cases of misappropriation. The joint task force comprising senior level officers of SECP and NAB is also expeditiously working on these cases. The SECP Chairman has reiterated his determination to always safeguard the interest of small investors and curtail tendencies to commit fraud.

The SECP has advised the media persons to always objectively report the trading activity in the stock market and not to fall prey to unscrupulous elements spreading baseless rumours and thus harming the capital market through speculations.

For more information, contact:
Shakil Ahmad Chaudhary
Head, Internal and External Communication
Securities and Exchange Commission of Pakistan (SECP)
NIC Building, 63 Jinnah Avenue, Islamabad
Tel: +92-51-9214005 or +92-51-9214009 (Ext. 378)
Fax: +92-51-9206459
Cell: +92-302-8552254
E-mail: shakil.chaudhary@secp.gov.pk
Website: www.secp.gov.pk

General
(SECP)

 Previous Post

Trade Development Authority of Pakistan will organise single country exhibition in Sri Lanka

― September 30, 2015

Next Post 

Board of Investment Thailand recognizes Punjab as potential destination for Thai investment

― September 30, 2015

Related Articles

Asim ― January 25, 2021 | No Comment

Sindh Rangers foil attempt to smuggle huge quantity of Mobil Oil in Jacobabad

The Pakistan Rangers-Sindh has foiled an attempt to smuggle huge quantity of Mobil Oil at Dera Moor Check post at

Asim ― January 24, 2021 | No Comment

10-day cleanliness drive to begin across Khyber Pakhtunkhwa from tomorrow

Asim ― January 24, 2021 | No Comment

First ever tourists’ helpline 1422 launched in KP

Asim ― January 24, 2021 | No Comment

International Day of Education observed

Asim ― January 24, 2021 | No Comment

Public office holders cannot evade accountability: Fawad

Asim ― January 22, 2021 | No Comment

Punjab witnessing significant progress in field of IT: Firdous

Asim ― January 22, 2021 | No Comment

Six-day Tablighi Jamaat religious congregation to start from 4th of next month

Asim ― January 22, 2021 | No Comment

“Aman” maritime exercise projects positive image of Pakistan at int’l level: Murad

Search

Monthly Archives

Follow Us

Pages

  • Home
  • Submit News
  • Contact Us
  • About Us

Advertisement

Calendar

January 2021
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Dec    


The strategy of the team behind “Pakistan news Wire.Net” is clear and it is to publish only authentic news as that is what the true journalism demands from any media outlet, and the “Pakistan News Wire. Net”, discourages the practice of opting for illegal approaches in order to get the ratings by any means. The more media outlets opt [...]

Archives

Search

Categories

  • General
  • Industry
  • Government & Politics
  • Other Language
  • Press Release
Copyright © 2020 - Pakistan News Wire. All Rights Reserved.