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Rules for modarabas

Published July 3, 2008
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ISLAMABAD, July 2: The Securities and Exchange Commission of Pakistan (SECP) through an amendment in the Prudential Regulations for Modarabas under a circular has issued “Fit and Proper Criteria” for modarabas and their management companies.

According to the circular, the Fit and Proper Criteria shall be applicable with immediate effect

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