Posts tagged as: Funds

Did you know? The Second Floor (T2F) runs out of funds

The Second Floor (T2F), which is among the most popular spaces in Karachi, has claimed that it has run out of funds. Founder of T2F Sabeen Mehmud uploaded a note on the T2F website and Facebook, calling for support and generating funds. An excerpt from the note reads, “We are reaching out to you, the […]

SHC directs inquiry into misuse of uplift funds

The Sindh High Court (SHC) has directed the anti-corruption chairman to conduct an enquiry into the allegations of embezzlement of funds meant for various uplift schemes of Thatta district. Petitioner Ghulam Rasool moved the court against Muhammad Hanif Memon, transition officer, taluka municipal administration, and Manzoor Hussain Abbasi, taluka municipal officer, Thatta, for allegedly misappropriating […]

1MFY15: 18 conventional equity funds outperform KSE-100 index

KARACHI:  Eighteen out of 21 conventional equity funds outperformed the Karachi Stock Exchange (KSE)-100 Index in the first month of the current fiscal year. According to data compiled by the Mutual Funds Association of Pakistan (MUFAP), only three conventional stock market funds posted a fiscal year-to-date return of less than 2.23% – the rate by […]

Funds extorted from Karachi financing TTP in Waziristan

KARACHI: Taliban operative reveals the militant organization continues to use Karachi as a base for financing its reign of terror. During interrogatio Karachi News Sources

Funds extorted from Karachi financing TTP in Waziristan

KARACHI: Taliban operative reveals the militant organization continues to use Karachi as a base for financing its reign of terror. During interrogation Ehsanullah Burki revealed he was tasked with … Karachi News Sources -2

SHC bars transfer of frozen funds

KARACHI: The Sindh High Court (SHC) on Thursday barred the port authorities from transferring over Rs30 million, frozen from the accounts of the foreign firm over the allegations of stamp duties evasion, to the revenue or accountability bureau. Headed by Justice Muhammad Ali Mazhar, the bench passed this direction on a petition filed by the China […]

No progress in sight as deadlock persists over control of funds

Karachi The fate of the multi-billion-rupee Karachi Circular Railway (KCR) hangs in the balance as another meeting among officials of the Karachi Urban Transport Corporation, Pakistan Railways and … Karachi News Sources -2

Irregularities: SECP fines brokerage house for misusing client funds

KARACHI:  The Securities and Exchange Commission of Pakistan (SECP) has imposed a penalty on Standard Capital Securities, a Karachi-based brokerage house, for failing to maintain the segregation of clients’ assets. In an order made available to the public on Tuesday, the SECP imposed a fine of Rs100,000 on Standard Capital Securities for failing to maintain […]

No progress in sight as deadlock persists over control of funds

Karachi The fate of the multi-billion-rupee Karachi Circular Railway (KCR) hangs in the balance as another meeting among officials of the Karachi U The News International – Karachi

Below par: Only four equity funds outperform KSE-100 index

KARACHI:  Only four out of the 23 conventional equity funds managed to outperform the Karachi Stock Exchange (KSE)-100 Index in 2013-14. According to data compiled by the Mutual Funds Association of Pakistan (MUFAP), only four conventional stock market funds posted an annual return exceeding 41.1% – the rate by which the KSE benchmark index increased […]

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