Tag: Corporate

SECP pushing for corporate governance reforms

KARACHI - The Securities and Exchange Commission of Pakistan (SECP) is holding talks with stakeholders as the apex regulator intends to amend the Code of Corporate Governance 2002.
Some of the proposed amendments in the code touch upon the representation of independent and executive directors, the role of chairmen and chief executives, the number of total directorships in listed companies held by an individual, self-evaluation of the boards, the directors' education, training,

Japanese business hails corporate tax cut plan

TOKYO: Japan's top business lobby on Tuesday hailed a government plan to shave five percentage points off corporate tax as "a first step" towards revitalising the nation's fragile economy.
Prime Minister Naoto Kan said late Monday that his centre-left government planned next year to cut the tax from 40.7 percent to boost investment, keep companies from moving abroad, create jobs and boost wages.
He did not explain how the government would make up for the revenue shortfall at

Shahbaz meets UAE corporate moguls

LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif has said that there are vast opportunities of investment in banking and other sectors in Pakistan, especially Punjab and that the government would provide all possible facilities to investors.
He said this during a meeting with the chief executive officer of Burj Khalifa, and representatives of companies such as Emaar, Habib Bank and Oman Insurance on Sunday. The meeting discussed matters regarding facilities for investment in

KSE falters despite strong corporate showing

The KSE 100 index closed 46 points down, despite the precedent set by positive corporate results and decent trading volumes in the previous trading sessions.
A short break was expected before continued progression towards the 11,000 mark, given the KSE-100's unabated expansion of 2.3 percent during the last four trading sessions. The index touched its peak level of 10,748 in the opening hours of the trading session, but selling pressure subdued the impetus of buying