NRSP Agri Processing Company Issues First Electronic Warehouse Receipt

Lahore: NRSP Agri Processing Company (NRSP-APCL) and Naymat Collateral Management Company Limited (NCMCL) have collaborated to issue the first Electronic Warehouse Receipt (EWR) against rice and paddy stocks stored at the recently accredited NRSP-APCL facility located at Hafizabad (Punjab). NCMCL is the first collateral management company incorporated under the Collateral… Continue reading

SECP cracks down on illegal trading activity

KARACHI: Securities and Exchange Commission of Pakistan (SECP) has launched a crack down against unlicensed operators carrying out illegal trading operations in currency, commodity futures across various cities of Pakistan. “These illegal trading/brokerage establishments are running a black market operation in collaboration with foreign counterparts, by using foreign trading platforms/exchanges…. Continue reading

FBR notifies draft rules for stock exchange, mercantile exchange

KARACHI: The Federal Board of Revenue (FBR) has proposed a law that will enable the National Clearing Company of Pakistan Limited (NCCPL) to verify the tax liabilities and compute refunds of members and investors of Pakistan Stock Exchange (PSX) and Pakistan Mercantile Exchange (PMEX). The FBR, in the draft amendments… Continue reading