Lahore Stock Exchange

'Increased spending in Ramazan to make Eid difficult'

LAHORE: Increased expenditure in Ramazan makes it hard for people to manage their budget for Eid celebrations. It is important to save money in the holy month to enjoy Eid fully. These views were expressed by the participants in the Jang Economic Session on ìInflation, Loadshedding and Law and order: How to Celebrate Eidî, held here on Monday. The participants in the session were: Lahore Chamber of Commerce and Industry (LCCI) ex-president Pervaiz Hanif; Lahore Stock Exchange (LSE) ex-vice president Tabasum Munir; economist Farha Naz Naqvi; Punjab Civil Secretariat Employees Association president Malik Ijaz; and Anjuman-e-Tajiran general secretary Abdul Razaq Baber. The event was hosted by Sinkindar Hameed Lodhi and Intikhab Tariq. Pervaiz Hanif termed loadshedding mother of all problems in Pakistan, saying it caused both inflation and lawlessness. Despite printing new currency notes for the last three and a half years, he said, the government had been unable to end the circular debt while consumers were burdened with over-billing. Inflation never went down in history in any country but various countries in the world increased their income and resources to counter inflation. Therefore it was responsibly of the government to provide people opportunities to raise their income level so that they could meet the challenge of inflation. He said that there was no price control mechanism - a major reason behind inflation. He urged people to do some saving in Ramazan so that they could celebrate Eid properly. Tabasum Munir said economic problems were increasing because the media was ignoring them. Loadshedding had increased the cost of production while a number of industrial units had closed down, he said, adding that decline in production was affecting export and increasing unemployment, which ultimately was multiplying inflation. He said economic revival was not the agenda of the government as it was only focused on strengthening its political legacy.

AsiaNet Pakistan » The Karachi Stock Exchange (Guarantee ...

Karachi: All the members are once again requested to ensure that the certificate of Net Capital Balance as on June 30, 2011 apportioned as per the following detail is submitted before September 15, 2011, failing which the penalty shall be imposed as provided in Schedule 5 of Regulations Governing Risk Management of the Exchange.

1. Allocation to Karachi Stock Exchange (Guarantee) Limited

2. Allocation to Lahore Stock Exchange (Guarantee) Limited

3. Allocation to Islamabad Stock Exchange (Guarantee) Limited

4. Allocation to National Clearing Company of Pakistan Limited for Debt Market

The list of approved panel of auditors prescribed by the Exchange under Regulations Governing System Audit of the Brokers of the Exchange, 2004 is enclosed here with for the submission of Net Capital Balance Certificate and necessary complinance.

01. All Members, KSE

02. The Director (SROD), SMD, SECP, Fax 051-9218S95, E-mail: smd.notices@secp.gov.pk

03. The Managing Director, Karachi Stock Exchange (Guarantee) Limited

04. The Managing Director, Lahore Stock Exchange (Guarantee) Limited

05. The Managing Director Islamabad Stock Exchange (Guarantee) Limited

06. The Chief Executive Officer, Central Company of Pakistan Limited

07. The Chief Executive Officer, National Clearing Company of Pakistan Limited

08. Heads of IT Division and Operations-KSE

09. Notice Board

10.

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