The Securities & Exchange Commission of Pakistan (SECP) has recently published a report on ‘enhancing transparency and efficiency’ of the shareholder meetings, seeking public comments on it. It recommends changes for conducting shareholder meetings, election of directors, issues related to proxies, voting processes, and monitoring mechanisms. According to the report, redressal of issues faced b
THE new government has assumed power in an environment marked by political turmoil, polarisation and controversy over the election. In his second stint as prime minister, Shehbaz Sharif heads a fragile six-party coalition, with his party lacking a majority and dependent for its survival on the PPP, which has opted to support the government while declining to join the cabinet. This means the gov
Women have long been the chief financial officers of their homes. They have been the domestic engineers. They have been home economists. However, in the corporate sector, this is far from true. At 22 per cent, Pakistan exhibits one of the lowest rates of female labour force participation across South Asia. Factors such as inadequate education, limited access to safe transportation, prevailing s
A Treasury Single Account (TSA) system reflects more robust internal controls over cash flows into and out of a government account. Among other things, it enables the government to exercise oversight of its cash flows and optimises domestic borrowing and related interest costs. The Constitution sets out a broad framework for managing public money from this perspective. Article 78 stipulates tha
LAST month, artificial intelligence server maker Super Micro Computer achieved something not seen since 2021: It paid a zero per cent interest rate on a $1.7 billion capital raise. Its secret: it issued a bond that can convert to shares. The offering shows how the market for such convertible bonds is getting a second wind as investors adjust to the idea that the Federal Reserve will keep rates