ISLAMABAD- February 18: The federal government has accorded its approval for promulgation of the Securities (Leveraged Markets and Pledging) Rules, 2011, which have been notified by the Securities and Exchange Commission of Pakistan (SECP) in the official gazette. While realizing the significance of liquidity in trading for a vibrant stock market, last year the SECP had drafted these rules after detailed consultations with the relevant stakeholders including the State Bank of Pakistan, Mutual Funds Association of Pakistan, Pakistan Banks Association, Leasing Association of Pakistan, Modaraba Association of Pakistan, the three stock exchanges, the National Clearing Company and the Central Depository Company of Pakistan Limited. The rules have been developed considering best international practices and provide a regulatory framework for Margin Financing, Margin Trading, Securities Lending and Borrowing and Pledging of clients’ securities. The promulgation of these rules is not only exp...

YEAR DELISTED COMPANIES DATE OF DELISTING PAID UP CAPITAL 2008 Fayzan Manufacturing Modaraba *** 25/01/2008 900.000 Kashmir Edible Oils Limited *** 31/03/2008 80.000 * Delisted after completing formalities of buy back of shares.** Pursuant to the conversion of a Close-end Mutual Fund into an Open-end Mutual Fund*** Members' Voluntary Winding Up YEAR DELISTED COMPANIES DATE OF DELISTING PAID UP CAPITAL 2007 Dawood Fibre Mills limited * 12/02/2007 119.430 Haroon Oils Limited * 19/03/2007 8.000 Ahmed Spinning Mills Limited * 18/06/2007 4.000 AKD Index Tracker Fund ** 02/07/2007 750.000 Sarhad Cigarette Industries Limited * 06-08-2007 6.000 Noon Textile Mills Limited * 01-11-2007 20.000 * Delisted after completing formalities of buy back of shares.** Pursuant to the conversion of a Close-end Mutual Fund into an Open-end Mutual Fund YEAR DELISTED COMPANIES DATE OF DELISTING PAID UP CAPITAL 2006 Tobacco Internation Limited * 27/08/2006 8.000 Associated Industries Limited * 10/10/2006 9.6...