13.03.2009 - New rules for NRP mutual fund investments
From Gulf-times.com: The Securities and Exchange Commission of Pakistan has introduced criteria for the categorisation of open-end funds schemes in which non-resident Pakistanis invest and which the authorities hope to encourage further, particularly NRPs in the Gulf region, managed by asset management companies (AMCs) with effect from March 6, 2009. Official sources said here the decision, taken in consultation with the Mutual Funds Association of Pakistan (MFAP), is aimed at enabling investors to make informed decisions during the current chronic economic recession which is taking its toll on the country’s stock markets..... Full Article: Source