Pakistan News

    Listed Steel Companies In Pakistan Karachi

  • Listed companies required to improve transparency

    ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified the Listed Companies (Code of Corporate Governance) Regulations 2017, replacing the Code of Corporate Governance 2012...

    The Listed Companies Regulations 2017, which would come into effect from January 1, 2018, have been issued under the PSX listing regulations and are aimed at aligning corporate governance practices with international standards...

  • Investors’ loss in suspended listed companies

    In four months of this calendar year, the Karachi Stock Exchange has placed no fewer than five companies under ‘suspension,’ bringing the aggregate number of firms suspended since October 2000 to 89...

    “The exit route for delinquent companies run the all-too-familiar course,” complained an investor...

  • Shariah-compliant listed companies to get 2pc tax cut

    ISLAMABAD: The federal government has introduced a tax reduction of 2 per cent for Shariah-compliant listed companies through Finance Act 2016...

    The tax rebate, introduced on the suggestion of the Securities and Exchange Commission of Pakistan (SECP), is part of reforms being introduced for elimination of Riba and for promotion and development of Islamic capital market...

  • ‘SECP can force profitable companies to get listed’

    ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) Chairman Zafar Hijazi has said that the regulator has powers to force any profit-making company to get listed on the stock market so that the benefits of successful business can be shared by the investors too and not by one family only...

    “Though this power has never been exercised by the SECP we want successful and profitable companies to be listed too and all we need...

  • Email financial statements: SECP tells listed companies

    ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has directed listed companies to forward electronic copies of quarterly and annual financial statements along with other documents...

    As per the requirements under Companies Act 2017, every listed company has to file annual financial statements and other documents (auditors’ report, directors’ report and chairman review report) through post to the corporate sector...

  • Key Audit Matters: a welcome change for listed companies

    But now, some of the most significant matters, known as Key Audit Matters (KAMs), will be publicly disclosed through the auditor’s report for the benefit of all stakeholders of listed companies...

    A company’s most significant matters will now be publicly disclosed through the auditor’s report for the benefit of all stakeholders of listed companiesTo address this risk the auditor may check a sample of recorded revenue against flight...

  • Chinese, Iranian companies interested in leasing Pakistan Steel Mills

    ISLAMABAD: Chinese and Iranian state-owned companies are interested in taking over loss-making Pakistan Steel Mills (PSM) as part of a long-term lease deal, Privatisation Commission Chairman Mohammad Zubair said on Wednesday...

    Built by the Soviet Union in 1970s, state-owned PSM has become a huge drain on government resources and shuttered steel production in 2015...

  • 77 listed firms directed to rectify defaults

    ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) directed 77 listed companies on the defaulter segments of the three stock exchanges to take immediate steps to rectify defaults relating to the listing regulations of bourses within 14 days...

    Various defaults committed by the aforesaid companies include failure to hold two consecutive annual general meetings, failure to pay outstanding annual listing fee, failure to...

  • PSX to be listed by June, 20pc shares to be offered to public

    KARACHI: The Pakistan Stock Exchange (PSX) would stand listed on the bourse by the end of June, Shahzad Chamdia, chairman of the stock market’s divestment committee, told Dawn on Thursday...

    The remaining two members on the board would be nominated by the Securities and Exchange Commission of Pakistan (SECP), which currently holds six seats...

  • Only 21 of 559 firms listed on stock exchange have women on boards: report

    KARACHI: Twenty-one out of 559 companies listed on the Pakistan Stock Exchange (PSX) have a woman director on their boards while 32 independent women directors sit on other company boards, according to a research report...

    The ceremony was held to support the agenda of Women on Board (WoB) – Pakistan for greater gender inclusiveness on the boards of listed companies...

  • Anti-terror law amended to ban UN-listed groups, individuals

    ISLAMABAD: President Mamnoon Hussain last Friday quietly promulgated an ordinance amending the Anti-Terrorism Act, 1997 with regards to proscription of terrorist individuals and organisations to include entities listed by the United Nations Security Council (UNSC) — in a move that would end a longstanding ambiguity over the status of Hafiz Saeed-linked Jamaatud Dawa and Falah-i-Insaniat Foundation (FIF) by firmly placing them on the list of...

  • More
Back to top