Low Graphics Site
White bar
Daily SectionMarker

Misc SectionMarker

Horoscope Recipes Weekly SectionMarker

Weekly SectionMarker

Pakistan's Internet Magazine
Herald
Dawn GroupMarker

Archive, Search, Feedback & HelpMarker

Dawn Classified



FrontPage National International Local Business KSE Forex Sports Editorial Opinion Letters Features Today's Cartoon TV Guide Cowasjee Ayaz Irfan Hussain Review Dawn Magazine Young World Images Dawn Group Subscription To Advertise

DINA
Previous Story DAWN - the Internet Edition Next Story

October 23, 2002 Wednesday Sha’aban 16,1423





LSE member declared defaulter



By Our Reporter


LAHORE, Oct 22: The Board of Directors of Lahore Stock Exchange (LSE) has declared Ajmal Shafiq, one of its members, as defaulter on a number of complaints and claims by investors.

The board took this decision in its meeting on Tuesday. The meeting noted that Mr. Shafiq remained unable to satisfy several claims lodged against him by investors.

Consequent upon the declaration of default, the LSE will auction his seat and utilize the proceeds towards settling investors’ claims.

The board emphasized that though Mr. Shafiq has no amount outstanding to the clearing house of the exchange, nevertheless action was required under LSE’s rules and regulations to safeguard the interests of the investors.






Previous Story Top of Page Next Story

Seprater
Contributions
Privacy Policy
© DAWN Group of Newspapers, 2005