In compliance with the directive from Securities and Exchange Commission of Pakistan (SECP), the Central Depository Company (CDC) has announced closure of its ‘Group Account’ facility with effect from May 1, 2005. This is an important milestone in implementing the reform agenda laid down by the SECP aimed at achieving absolute transparency in settlement mechanisms. Group Accounts, commonly known as R [...]
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Tagged CDC, SECP
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The Bank of Khyber (BoK) is going to establish a brokerage house, an exchange company, and housing subsidiary during the current calendar year. The objective behind it is to construct residential townships, and handed them over to people according to the principles of the Islamic banking. This was stated by BoK Acting Managing Director Qazi Munir-ul-Haq, while talking to Business Recorder on Saturday. He said the f [...]
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The Board of Directors of Sui Southern Gas Company (SSGC) has approved the third quarter audited financial results ending on March 31, 2005. The company registered a 7 percent growth in sales volume during the period to 251,283 mmcf, and the corresponding sales value rose by 15 percent to Rs 38.7 billion. This increase was mainly contributed by the fulfilment of additional demand from fertiliser manufacturers and o [...]
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Tagged SSGC
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The Privatisation Commission has received 38 expressions of interest (EoI) for 85.29 percent share of Mustehkam Cement Limited (MCL). Minister for Privatisation, Dr Abdul Hafeez Shaikh, declared the results here on Saturday. He said the EoIs reflected investors’ confidence in the government’s economic and privatisation policies. He said that the privatisation program was heading forward satisfactorily a [...]
In compliance with the directive from Securities and Exchange Commission of Pakistan (SECP), the Central Depository Company (CDC) has announced closure of its ‘Group Account’ facility with effect from May 1, 2005. This is an important milestone in implementing the reform agenda laid down by the SECP aimed at achieving absolute transparency in settlement mechanisms. Group Accounts, commonly known as R [...]
Posted in News
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Tagged CDC, SECP
|
