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Securities and Exchange Commission of Pakistan prescribes standardized benchmarks for collective investment schemes n

Islamabad, August 25, 2016 (PPI-OT):The Securities and Exchange Commission of Pakistan has directed all asset management companies to use standardized benchmarks for collective investment schemes intended for better comparison of the performance against their benchmarks. As per regulatory requirement collective investment schemes are required to disclose the benchmark in their performance reports and other publications/communications ...

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Securities and Exchange Commission of Pakistan introduces non-banking microfinance regulatory framework to facilitate microfinance sector

Islamabad, August 25, 2016 (PPI-OT):The SECP has filled up the regulatory vacuum in the microfinance sector by introducing non-banking microfinance regulatory framework the SECP chairman, Mr. Zafar Hijazi, said this while addressing a conference on “credit scoring model” and the launch of Pakistan Microfinance Review 2015” in Karachi as the guest of honour. He told ...

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Securities and Exchange Commission of Pakistan organizes seminar on voluntary pension system

Islamabad, August 24, 2016 (PPI-OT):The Securities and Exchange Commission of Pakistan (SECP), as part of its investor education initiative, organized a seminar on voluntary pension system (VPS) at its head office on Wednesday for senior human resource professionals. In order to promote a culture of savings and investments and to facilitate a post-retirement income stream ...

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Securities and Exchange Commission of Pakistan advises modarabas to increase outreach to small cities and towns an

Islamabad, August 23, 2016 (PPI-OT):The SECP chairman, Zafar Hijazi, has appreciated the role of modarabas in providing Islamic financial products and services to the masses and advised them to increase their outreach to the smaller cities and towns for greater financial inclusion. He was talking to the representatives of the NBFIs and the Modarba Association ...

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