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SECP notifies amendments for corporate rules
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued notification for amendments to the Public Sector Companies (PSCs) Rules, 2013, after approval by the federal government, a statement said on Friday. The rules have been revised in view of the implementation experience, as well as the feedback received from the line ministries of public sector companies and other stakeholders. The amendments are
 
 
Cyprus, India sign four agreements
NEW DELHI: India and Cyprus on Friday signed four agreements, including on air services and merchant shipping, following delegation-level talks headed by Indian Prime Minister Narendra Modi and Cypriot President Nicos Anastasiades here. “Advancing a multifaceted partnership. The two leaders witness exchange of four agreements after delegation talks and working luncheon,” External Affairs Ministry spokesperson Gopal
   
Pakistan’s private sector ready to invest in Jordan
ISLAMABAD: Pakistan President Mamnoon said that private sector of Pakistan is keen to invest in Jordan adding that the latter can benefit from Pakistan’s expertise in developing its textile sector. President said this while talking to Faisal Akef El-Fayez, President of the Senate of Jordan who along-with a delegation called on him at the Aiwan-e-Sadr, Islamabad. Chairman Senate Mian Raza Rabbani and ambassador of Jordan Nawaf
 
 
Negative global cues subdue Indian stock indices
MUMBAI: Indian equity markets were subdued by weak global cues and heavy selling pressure in fast-moving consumer goods (FMCG) and banking stocks on Friday. The key indices traded in the red and the barometer 30-scrip BSE Sensex slipped below the important 30,000-level. The wider 51-scrip Nifty of the National Stock Exchange (NSE) fell by 38.10 points or 0.41 per cent to 9,304.05 points. The BSE Sensex, which opened at 30,064.
   
Sri Lankan rupee drops on importer dollar demand
COLOMBO: The Sri Lankan rupee fell on Friday as small banks bought dollars to meet importers’ demand for the US currency, with the market expecting the local currency to be steady due to expected dollar inflows, dealers said. Sri Lanka expects to raise up to $1.5 billion via a sovereign bond, while another $1 billion is expected from two separate syndicated loans. Rupee forwards (SLKR) were active, with two-week forwards
 
 
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