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The Sindh High Court (SHC) has directed the Securities and Exchange Commission of Pakistan (SECP) to ‘conduct a thorough investigation into the affairs of Al Abbass Sugar Mills Ltd’. The court also directed the SECP to ‘submit a preliminary report within four weeks from the date of receipt of...

Some leading brokers are making hectic efforts to get findings of a report by the country’s top regulator revised that exposed multibillion rupees manipulation in the stock market, causing massive losses to the state-run financial institutions, officials said. In 2010 and 2011, public sector...

The Sindh High Court (SHC) has restrained Syed Adil Gilani from misusing the platform of Transparency International Pakistan (TIP) for damaging the reputation of JS Bank and issued contempt notices to them for June 12 on the issue of circulating false and libelous material against the bank...

The Securities and Exchange Commission of Pakistan (SECP) on Wednesday informed the Supreme Court that a bullish stock broker of the Karachi Stock Exchange minted billions, causing huge losses to the national exchequer in 2010 and 2011 by manipulating shares of two gas companies with inside...

The Securities and Exchange Policy Board on Wednesday informed the Supreme Court of Pakistan that the Securities and Exchange Commission of Pakistan (SECP) had been supporting certain brokerage houses like the AKD Securities which were involved in market manipulation. The policy board in its...

Justice Azizur Rehman of the Sindh High Court on Friday restrained Adil Gilani from allegedly misusing the platform of Transparency International-Pakistan (TIP) for damaging the reputation of JS Bank and for promoting the personal agenda of the business opponents and rivals. JS Bank had...

The KSE is a tiny market, the total market cap (that is the total value of all the shares present on the exchange) is only about $42 billion, less than a tenth of the Bombay Stock Exchange ($1.2 trillion) and $16 trillion for the NYSE. Only about a quarter of the shares listed are available for...

According to sources, the report, to be submitted to the Supreme Court of Pakistan, implicates former SECP Chairman Mohammad Ali, Commissioner SECP Imtiaz Haider and some stock market tycoons in insider trading. The report, a copy of which is available with The News, was approved on October 24...

C ountry’s chaotic financial heart – Karachi – is home to 18 million people, Taliban bombers, contract killers and one of the world’s most successful stock markets. With 49 percent returns in 2012, the Karachi Stock Exchange (KSE) was one of the five best performing markets in the world. Now it...

Islamabad High Court (IHC) on Friday threw out appeal of Aqeel Karim Dhedhi and five other business personalities for removal of their names from Exit Control List (ECL) and permission to visit abroad. On a request of Pakistan Telecommunication Authority (PTA), the Interior Minister put names...

According to sources, the NAB has also served fresh notices to four other suspects in the mega scam, including business tycoon Aqeel Karim Dhedhi, ex-chairman SECP Mohammad Ali, former adviser petroleum Dr Asim Hussain and former Managing Director (MD) Sui Southern Gas Company Limited (SSGCL) Dr...

According to sources, the NAB has also served fresh notices to four other suspects in the mega scam, including business tycoon Aqeel Karim Dhedhi, ex-chairman SECP Mohammad Ali, former adviser petroleum Dr Asim Hussain and former Managing Director (MD) Sui Southern Gas Company Limited (SSGCL) Dr...

Country’s chaotic financial heart – Karachi – is home to 18 million people, Taliban bombers, contract killers and one of the world’s most successful stock markets. Reported at CNN and local newspapers, With 49 percent returns in 2012, the Karachi Stock Exchange (KSE) was one of the five best...

Sources said the report strengthens the investigations of the National Accountability Bureau (NAB) in Rs100 billion Ogra corruption case as it confirms that the stock market tycoon Aqeel Karim Dhedhi (AKD) minted billions by manipulating the shares of gas utilities companies SSGCL and SNGPL...