KARACHI: The State Bank of Pakistan (SBP) has declared forex trading platforms like OctaFX and Easy Forex illegal in the country and warned citizens that these platforms are regulated neither by the central bank nor the Securities and Exchange Commission of Pakistan...
As a result, more and more Pakistanis are now relying on such trading platforms as a source of primary or passive income...
KARACHI: A market support fund of Rs20 billion should be set up under the management of National Investment Trust (NIT) to revive the stock market, stakeholders told Prime Minister Shahid Khaqan Abbasi on Saturday...
Directors of the Pakistan Stock Exchange (PSX), senior brokers and representatives of mutual funds held a meeting with the premier at the Governor House to discuss the issues confronting the equity market...
State-run Pakistan Television reported that Mr Hamid had presented his resignation to Prime Minister Shahid Khaqan Abbasi to bring the country “out of a state of crisis”...
ISLAMABAD: China has brokered a deal between Pakistan and Afghanistan for the establishment of a bilateral crisis management mechanism aimed at keeping the communication channels between the two neighbours open during crises and enabling them to resolve their differences through dialogue...
Additionally, Pakistan, China and Afghanistan have agreed to establish a trilateral foreign ministers’ dialogue forum, which is apparently meant...
For decades powerful brokers could turn the tide according to their vested interests, which contributed in creating market crashes leading to the loss of the small investors’ savings...
“That’s correct,” conceded one major broker who lamented that ‘proprietary trading’ — the buying and selling by a broker on his own account — had plunged to just 15pc of the daily trade...
KARACHI: The board of directors of the Pakistan Stock Exchange (PSX) is to meet at an extraordinary meeting on Monday to consider direct involvement of FIA in the affairs of the exchange...
A source at the exchange on condition of anonymity stated that big brokers were throwing their weight behind the board to demand that the FIA first consult and take the chief regulator, Securities and Exchange Commission of Pakistan (SECP), into...
The visit is part of a broader effort by the Syrian government to connect with Washington’s power brokers and gain influence...
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved Securities Brokers (Licencing and Operations) Regulations 2016, which also takes into account the effect of integration of the stock exchanges and facilitates transition of brokers from the earlier regime to the new regime over an extended period of time...
A key aspect of the new regulations is categorisation of brokers into trading and clearing...
KARACHI: The Pakistan Stock Exchange (PSX) commenced distributing among its 200 stockbrokers their share in the proceeds of Rs8...
PSX Divestment Committee Chairman Shahzad Chamdia affirmed that the distribution to the shareholder-brokers started on Thursday and the process was likely to be completed in the next few days...
ISLAMABAD: Securities and Exchange Commission of Pakistan Chairman Zafar Hijazi on Tuesday said that the regulator has advised the Pakistan Stock Exchange (PSX) to initiate ‘market intelligence’ methodology to check brokers overstepping the legal limits...
The chairman SECP also mentioned concerns expressed by brokers over the counter checking measures...
Fighting against broker backlash, it took quite a while for the heads of the Securities and Exchange Commission of Pakistan (SECP), after the crash of 2008, to introduce Margin Financing (MFS) — a system that is in operation in most global markets...
Hence, for the past week the SECP has come down with a heavy hand on brokers to crush the practice of ‘in-house’ badla...
KARACHI: The Securities and Exchange Commission of Pakistan (SECP) on Friday warned brokerage houses of ‘zero-tolerance policy’ against instances of misuse of investors’ assets...
These included introduction of revised regulatory framework for book building, launch of investor awareness portal, introduction of more stringent criteria for selection of auditors for brokers, reforms in negotiated deal market, approval of revised...
ISLAMABAD: In a bid to woo stock market players, the Securities and Exchange Commission of Pakistan (SECP) has started undoing some of the stern actions taken by its former management...
Last week, the SECP amended Demutualisation Act 2012 on brokers’ demand...
KARACHI: Pakistan Stock Exchange (PSX) has asked all brokers to provide information on ownership, status of beneficial ownership, unique identification number and the nature — foreign or domestic — of political exposed persons (PEPs) as early as Sept 5...
Issuing a notice to all market participants, the PSX in tandem with the Securities and Exchange Commission of Pakistan’s (SECP) Anti-Money Laundering and Countering Financing of...
TRIPOLI: A ceasefire has been reached between armed factions fighting over the Libyan capital for more than a week, the United Nations said on Tuesday, but it was unclear how it would be implemented...
Dozens of people have been killed in fighting engulfing Tripoli as rival armed groups vie for power and money in the chaos persisting in the oil producer since the toppling of Muammar Qadhafi in 2011