Three coronavirus patients in Pakistan have been discharged from hospitals after recovery and no fatalities in the country are reported so far. The recovered patients belong to Sindh.
The Ministry of National Health Services has on Saturday prepared a report over coronavirus cases in Pakistan stating that total 609 suspects were tested for the virus on Friday and 78 more samples have been sent to the laboratories.
28 patients in Pakistan have been tested positive for coronavirus so far. The sufferers include 16 from Sindh, six from Balochistan and three apiece from Islamabad and Gilgit. All patients are stable as per the report.
In the wake of COVID-19 and its unprecedented effect on global stock markets, the Securities and Exchange Commission of Pakistan in consultation with market stakeholders and market infrastructure institutions, has decided that for the April 2020 contract, a short sale in 36 specific shares of the futures market shall be subject to an uptick rule. This will ensure the provision of a required prior notice period to the market and retain liquidity in the rollover week. The uptick rule means that the shares of that relevant scrip have to be sold at a price higher than the last trade not lower. Further, to support the mutual fund industry, the maximum period of borrowing by mutual funds for redemption purposes will be extended from existing 90 days to 360 days. Moreover, the commission has allowed relaxing deposit requirements against the base minimum capital of TREC holders. The requirement to perform biometric verification at the time of opening of the account is eased and ...
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