Punjab authorities have persecuted former Prime Minister Nawaz Sharif, Maryam Nawaz and other leaders of the Pakistan Muslim Federation Nawaz (PML-N) for treason. The first information report (FIR) was published in the Badar Rashid v. Sharif at Shadar Police Station in Lahore. The case was registered in accordance with the provisions of the Pakistani Penal Code. FIR addressed PML-N leaders in London before the international community with a provocative speech against the Pakistani High Court and the military. Local journalist Rashid said Sharif is declaring Pakistan a fraudulent state and is trying to turn the people against the democratically elected government. FATF (Financial Action Task Force) greylisting. The purpose of Sharif's speech
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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