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Government extends implementation date of 2013 Public Sector Companies (Corporate Governance) Rules to July 8, 2013

Islamabad, June 10, 2013 (PPI-OT): The federal government has extended the implementation date of the 2013 Public Sector Companies (Corporate Governance) Rules to July 8, 2013. The rules were issued by the Securities and Exchange Commission of Pakistan with the approval of the federal government vide SRO 180(I)/2013 dated March 8, 2013, and were to come into force after 90 days of the issuance of this notification, i.e. June 8, 2013.

Now, in pursuance of the aforesaid extension, a notification amending rule 1(2) of the rules has been published in the official gazette vide SRO 479(I)/2013 dated June 6, 2013, so as to extend the date of implementation of the rules to July 8, 2013. The said notification is also available on the SECP’s website (www.secp.gov.pk).

Tickers:

1. Implantation date of the 2013 Public Sector Companies (Corporate Governance) extended to July 8, 2013.

2. The rules were issued by the Securities and Exchange Commission of Pakistan with the approval of the federal government

For more information, contact:
Shakil Ahmad Chaudhary
Head, Internal and External Communication
Securities and Exchange Commission of Pakistan (SECP)
NIC Building, 63 Jinnah Avenue, Islamabad
Tel: +9251 921 4005 or 921 4009 (Ext. 378)
Fax: +9251 920 6459
Cell: +92302 855 2254
E-mail: shakil.chaudhary@secp.gov.pk

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