Attention of all Exchange Companies is invited to the instructions contained in Para (3), Chapter (3) of the Exchange Companies Manual whereby Exchange Companies are required to maintain 25 percent of Paid-up Capital as Statutory Liquidity Reserve (SLR) with the State Bank of Pakistan (SBP). The amount of SLR may be kept in current account maintained with SBP as well as invested in unencumbered approved government securities through SBP’s Subsidiary General Ledger Account (SGLA) facility.
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We are pleased to announce that the government has allowed us to hold CFAP, MSA
and WST Examinations – Summer 2021 at examination center by following all
prescribed SOPs for prevention of COVID-19.
Please note that option for appearing in the exams i.e. either through center based or
under remote proctoring, marked at the time of submission of forms will remain valid.
Few examinees changed their option of appearance in the examination, during the
period between 10 and 11 May 2021 due to ICAP’s earlier announcement of holding
exams under remote proctoring only. Their changes are now considered void and their
original options have been restored.
The examination will be held as per original schedule and admit cards will be uploaded
in the examinees’ secured area on or before 31 May 2021.
For any clarification, you may contact us at email@example.com
FBR introduces online electronic hearing of tax audits and assessments cases
The infection ratio of the banking sector has increased from eight per cent in December 2018 to 9.3pc at the end of March 2021, with the textile sector appearing as the biggest defaulter till the end of the first quarter of the current fiscal year (1QFY21).
Prime Minister Imran Khan on Tuesday announced another two-week extension in an ongoing lockdown following rising numbers of coronavirus cases in the country. Some industries were announced to be opened with some SOPs to be followed. Details are given in notices:
There shall be a complete ban on all within city, Inter-district and inter-province movement of people by all means.
There shall also be a complete ban on gatherings of all kinds for social, religious, or any other purpose at any place, public or private.
All offices, public and private shall remain closed. (Some Exceptions in Notice)
Trading on the Pakistan stock market fluctuated as news broke on Tuesday of the death sentence for former military dictator Pervez Musharraf. The PSX then recovered.
It started off positive on Tuesday, carrying forward its bullish trend but then steeply dropped, losing almost 500 points just moments after the news broke. It picked up and regained 200 points in a matter of minutes after the drop.
The market had closed a day after rallying past the 42,000 point mark.
The uptick maintained on Tuesday trading hit an intraday peak of 42,056 points.
The trading had been going well with buyers flooding in of late. The index marched past a 13-month high to close at 41,644 points on Monday, a closing never seen since November last year.
Source: Samma News