Regulators
Written-off loans: notices issued to defaulters, banks inform State Bank
KARACHI: Chief Executives of banks on Monday informed the State Bank of Pakistan that they had issued notices to defaulters in line with the directives of the Supreme Court. The State Bank of Pakistan convened a meeting of commercial banks and develop-ment finance institutions to work out a strategy in response to the observations made by the Supreme Court regarding written-off loans.
Insider trading: it’s most significant type of conflict of interests: SECP
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has considered 'insider trading' as most significant type of conflict of interests, along with market manipulative practices, such as 'wash trades', 'circular trading', and pump and dump strategies at stock exchanges.
According to the final report of the Emerging Markets Committee (EMC) of International Organisation of Securities Commission's (IOSCO), titled 'Efficient Regulation of Conflicts of Interest Facing Market Intermediaries', released by the SECP on Monday, Pakistan considers insider trading the most significant type of market ma-nipulative practices.
PTA, FIA conduct raids on illegal telecom exchanges
ISLAMABAD: Pakistan Telecommunication Authority (PTA) and Federal Investigation Agency (FIA) have jointly conducted seven raids in Lahore against illegal telecom exchanges involved in ter-minating grey traffic. The joint activity was one of the biggest op-erations in the recent past.
Special Reports
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