Pakistan News

    Sibm Hyderabad Short Listed

  • 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...

  • Pakistan Stock Exchange becomes first self-listed stock market in South Asia

    The Pakistan Stock Exchange (PSX) on Friday announced that it had became the first self-listed capital market in South Asia...

    Securities and Exchange Commission of Pakistan (SECP) Chairman Muhammad Zafar-ul-Haq Hijazi in a statement read out over video link said he was proud of the PSX for acquiring the status of the first self-listed stock market in the region...

  • 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...

    However, listed companies deriving their income only from the manufacturing activities and having declared their taxable income for three consecutive years and having paid dividends for the last five consecutive years could qualify and apply for the tax rebate...

  • ‘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...

  • 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...

    The SECP has sought public comments on the Draft Reporting and Disclosure (of Shareholding by Directors, Executive Officers and Substantial Shareholders in Listed Companies)...

  • 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...

  • 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...

  • 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...

  • Women listed as inventors in third of global patent filings: UN

    The UN on Thursday hailed a significant increase in women listed as inventors in global patent filings over the past decade, but warned a pronounced gender gap remained...

    New data from the World Intellectual Property Organization showed that women were listed in 31 percent of the some 224,000 international patent applications it published last year...

  • 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...

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