ISLAMABAD (OUR STAFF REPORTER): - The SECP in order to facilitate the entrepreneurs has proposed important amendments to the Single Member Companies Rules, 2003. The SMC Rules were introduced in Pakistan in the year 2002 and detailed framework for registration of Single Member Companies were ...

LAHORE - Almost all major pharmaceutical companies are avoiding to produce several drugs due to low profit margin, resultantly, patients are suffering shortage of a number of medicines and they have to abruptly switch brands or medication which can proved to be fatal for them.Industry sources said ...

ISLAMABAD (NNI) Chairman of the United International Group (UIG) Mian Shahid said on Sunday that insurance is a good social welfare tool that can have a positive impact on businesses and lives of millions. Insurance if used properly can help people in hard times by transferring their losses, he ...

ISLAMABAD (Online) - Special Committee of Public Accounts Committee (PAC) has directed Ministry of Petroleum that all the private companies found involved in financial irregularities in Oil and Gas Development Company Limited (OGDCL) projects and its allied departments be blacklisted and kept away ...

OUR STAFF REPORTER ISLAMABAD - In order to remove practical difficulties arising out of the provisions of Section 208 (Investment in associated companies and undertakings) of the Companies Ordinance, 1984, and to bring it in line with the true spirit of the law, the SECP has facilitated further ...

ISLAMABAD - Group Companies Registration Regulations, 2008, were issued by the Securities and Exchange Commission of Pakistan in 2008 to provide a regulatory framework for the formation of group companies, comprising a holding company and its subsidiaries and to streamline the group ownership ...

WASHINGTON - The US Treasury Department on Thursday slapped sanctions on 24 shipping companies affiliated with the Islamic Republic of Iran Shipping Lines (IRISL) and two entities that are subordinates of Irans Aerospace Industries Organisation (AIO). Todays actions build on the treasurys efforts ...

ISLAMABAD (APP) - As part of its enforcement and regulatory function, the Enforcement Department of the Securities and Exchange Commission of Pakistan (SECP) passed 37 orders, fining defaulting companies besides issuance of 29 show-cause notices in December. According to a press release issued here ...

LAHORE - The Lahore High Court has dismissed a petition against packaged milk companies, which wrongfully alleged that they were adulterating their products by using harmful contaminants. Syed Yawar Ali, Chairman Pakistan Dairy Association, said this while addressing a press conference held at the ...

LAHORE - As part of its enforcement and regulatory function, the Enforcement Department of the Securities and Exchange Commission of Pakistan passed 34 orders, fining defaulting companies besides issuance of 37 show-cause notices in October, whereas proceedings against five companies were closed ...

ISLAMABAD (APP) - Twelve Pakistani firms are participating in the Intrade Malaysia 2010 being held in Kuala Lumpur, on November 9-11. Commercial counselor for Pakistan High Commission in Malaysia, Wajiullah Kundi said the companies will exhibit their products in various sectors including bed linen, ...

ISLAMABAD - The Securities and Exchange Commission of Pakistan (SECP) has rationalised the fee structure payable to the registrar and the Commission under the Sixth Schedule of the Companies Ordinance, 1984 vide its SRO 996(I)/2010. Through this notification, the SECP has reduced the registration ...

LAHORE - Lahore Stock Exchange Managing Director Aftab Ahmed Ch has said the SECP is endeavouring to run the stock exchanges in a way that it could care for the interest of small investors instead of the members or brokers. He said that the Securities and Exchange Commission of Pakistan will give ...

LAHORE - The 18th world trade fair of plastic and rubber has entered the fifth day with two Pakistani companies receiving magnificent response both from buyers and potential customers. Ambassador of Pakistan to Germany Shahid Kamal along with commercial attachT attended the fair and spoke to the ...

ISLAMABAD - The SECP has claimed to have registering 206 companies in the month of September 2010 and thus its total corporate portfolio has reached 56,774 companies. In a statement issued by SECP, it was said that major share in new incorporation is of private companies totalling to 183 cos. Other ...

ISLAMABAD Federal Minister for Petroleum and Natural Resources Syed Naveed Qamar Monday informed the National Assembly that the gas companies had earned Rs 138.6 billion under the head of natural gas charges from October last year to March this year. During the question hour, the Minister also ...

ISLAMABAD Aabpara Police have booked three employees of an advertisement company, MAX MAC, for inflicting millions of potential losses to the CDA to hold functions in connection with the CDAs Golden Jubilee celebrations. The advertising company signed an agreement with the CDA in this regard but ...

ISLAMABAD - Vice Admiral Mohammad Asif Sandila has assumed the duties of Chief of Staff here at the Naval Headquarters. He has been appointed Chief of Staff upon retirement of Vice Admiral Shahid Iqbal. Vice Admiral Mohammad Asif Sandila joined Pakistan Navy in 1972 and after initial training at ...

ISLAMABAD - The Securities and Exchange Commission of Pakistan (SECP) registered 232 companies during July 2010, increasing the total corporate portfolio to 56,351 companies. The highest number of companies, i.e., 89, was registered at the Company Registration Office (CRO) in Lahore, followed by ...

ISLAMABAD (APP) Private security companies are recruiting untrained guards and are just fleecing the private departments, individuals by charging high sums for security duties in the wake of growing concerns over the law and order situation in the federal capital. According to a survey, many of ...

KARACHI - The NEPRA instead of representing the interest of consumers has been acting the unilateral agent of power supply companies and rubber stamping their illegal demands for tariff hikes in complete disregard of price calculations and public objections. In a statement issued by The Citizen ...

LAHORE (PPI) - The Defence Housing Authority (DHA) Lahore on Thursday agreed to provide access to the cellular operators to the cell sites installed in its limits and submitted unconditional apology to the LHC in a contempt of court petition hearing. The court accepted the apology and passed ...

ISLAMABAD (APP) - Islamabad Chamber of Commerce & Industry (ICCI) on Wednesday urged the government to take urgent measures for settling the litigations of gas exploration companies. Resolving their issues will help new investment in oil and gas sector of the country. Chairing a meeting of E&P ...

KARACHI - Iranian energy companies are exploring possibilities for joint ventures in oil and gas exploration activities in Pakistan. This was stated by the senior financial analyst of National Iranian Oil Company (NIOC) and heads of Iranian Pavilion, Reza Daneshgar while talking to APP at the 8th ...

KARACHI - The cellular companies have failed to keep an eye on their respective franchises as they have been found selling geographic numbers, along other irregular activities, which is creating security risk for the subscriber. It has been learnt that though franchises of the cellular companies ...

KARACHI - The Securities and Exchange Commission of Pakistan (SECP), with the approval of the Federal Government, has made significant amendments in the Non-Banking Finance Companies (Establishment and Regulation) Rules 2003 (Rules) which are effective from April 21, 2010. SECP has extended the ...

ISLAMABAD (APP) - The Securities and Exchange Commission of Pakistan (SECP) has placed a list of companies which have not yet appointed legal advisors as required under the law on its website. The Sindh High Court, vide its order dated 16 March, 2010 directed the SECP to compile and provide to the ...

KARACHI - Two leading Mobile phone operators have favoured for imposition of 10 paisas additional charges on all text messages sent to other networks, while two other operators opposed the idea with fifth operator remained somewhat neutral, in a high level industry meeting held at PTA headquarters ...

ISLAMABAD - SECP registered 293 companies during the month of March 2010, as compared to 254 and 270 companies registered during the months of January and February 2010 respectively. According to official announcement, total corporate portfolio of registered companies as on 31st March 2010 ...

ISLAMABAD - Securities and Exchange Commission of Pakistan (SECP) registered 270 companies last month as private sector maintains increasing registration trend for the last about four months. According to an official statement of the SECP, the increasing trend in new incorporation was evident from ...