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The Securities and Exchange Commission of Pakistan (SECP) (Urdu: سیکیورٹیز اینڈ ایکسچینج کمیشن آف پاکستان), formerly known as Company Law Administration, Company Law Board, and Corporate Law Authority, is the corporate legislative and financial regulatory agency of Pakistan whose objective is to develop a modern and efficient corporate sector and a capital ...
If you continue to violate the pattern day trading rule, your firm may terminate your account. Bear in mind that your account only violates the day trading rule if you have less than $25,000 in ...
In the United States, a pattern day trader is a Financial Industry Regulatory Authority (FINRA) designation for a stock trader who executes four or more day trades in five business days in a margin account, provided the number of day trades are more than six percent of the customer's total trading activity for that same five-day period. [1] A ...
The Constitution of Pakistan (Urdu: آئینِ پاکستان ; ISO: Āīn-ē-Pākistān), also known as the 1973 Constitution, is the supreme law of Pakistan. The document guides Pakistan's law, political culture, and system.
The founder of Pakistan, Muhammad Ali Jinnah had a vision regarding the law of Pakistan, to implement a system in accordance to Islamic teachings, but it was never fulfilled, although it was fulfilled at the later stage when Pakistan had its first constitution in 1956. This vision, however, did have a lasting effect on later Pakistani lawmakers.
In 2007, the World Bank team submitted its report to the Pakistani government and with it, a draft law was prepared by them. The Competition Commission of Pakistan (CCP) was established on 2 October 2007 under the Competition Ordinance, 2007, which was repromulgated in November 2009. The law was later promulgated as Competition Act, 2010.
Margin trading (because it involves borrowing money to buy what is being traded) involves interest payments in margin accounts, day trading (because it involves buying and selling financial instruments within the same trading day) is not concerned about the underlying product or economic activity of what is traded. [22]
The corporate sector in Pakistan was governed by the Companies Ordinance 1984 which was promulgated on 8 October 1984 and repealed the Indian Companies Act, 1913. It is now replaced by Companies Ordinance 2016.