Latest news with #DPs
Business Recorder
3 days ago
- Business
- Business Recorder
200,000 Afghans left Pakistan since deportations renewed
ISLAMABAD: More than 200,000 Afghans have left Pakistan since the government renewed a deportation drive in April, Islamabad's interior ministry told AFP. Pakistan has launched a strict campaign to evict more than 800,000 Afghans who have had their residence permits cancelled, including some who were born in Pakistan or lived there for decades. According to the ministry, more than 135,000 Afghans left Pakistan in April, while the number dropped to 67,000 in May and more than 3,000 were sent back in the first two days of June. Millions of Afghans have poured into Pakistan over the past several decades, fleeing successive wars, as well hundreds of thousands who arrived after the return of the Taliban government in 2021. A campaign to evict them began in 2023, prompting hundreds of thousands to cross the border in the span of a few days, fearing harassment or arrest. In total, more than one million Afghans have left Pakistan. The UN's International Organization for Migration on Tuesday voiced concern over a surge in Afghan families being deported from Iran, recording 15,675 crossing in May, a more than two-fold increase from the previous month. The influx across both borders threatens to strain Afghanistan's already 'fragile reception and reintegration systems', IOM said in a statement. Islamabad has labelled Afghans 'terrorists and criminals', but analysts say the expulsions are designed to pressure neighbouring Afghanistan's Taliban authorities to control militancy in the border regions. Last year Pakistan recorded the highest number of deaths from attacks in a decade. Pakistan's security forces are under enormous pressure along the border with Afghanistan, battling a growing insurgency by ethnic nationalists in Balochistan in the southwest, and the Pakistani Taliban and its affiliates in the northwest. Undocumented Afghan DPs: deportation deadline extended The government frequently accuses Afghan nationals of taking part in attacks and blames Kabul for allowing militants to take refuge on its soil, a charge Taliban leaders deny. Some Pakistanis have grown weary of hosting a large Afghan population as security and economic woes deepen, and the deportation campaign has widespread support. Pakistan is now threatening to lift the protection granted to the 1.3 million Afghans holding refugee cards issued by the UN High Commissioner for Refugees at the end of June.
Business Recorder
3 days ago
- General
- Business Recorder
More than 200,000 Afghans have left Pakistan since April
ISLAMABAD: More than 200,000 Afghans have left Pakistan since the government began a renewed deportation drive in April, ministry of interior told AFP. Undocumented Afghan DPs: deportation deadline extended More than 135,000 Afghans left Pakistan in April, while 67,000 departed in May and more than 3,000 were sent back in the first two days of June, according to the ministry.
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Business Standard
21-04-2025
- Business
- Business Standard
Sebi extends auto trading window rules to kin of designated persons
Markets regulator Sebi on Monday extended its automated trading window closure mechanism to include immediate relatives of designated persons (DPs) in listed companies, ahead of the declaration of financial results. This move aims to prevent inadvertent non-compliance with insider trading norms by ensuring that those who may have access to unpublished price-sensitive information (UPSI) such as quarterly results are prohibited from trading during specific periods. Earlier, the restriction applied only to DPs. Now, Sebi has extended the scope to cover their immediate relatives as well, according to its circular. As per Sebi's definition, an immediate relative includes a spouse, and also a parent, sibling, or child (of the person or the spouse), provided they are financially dependent or consult the person in decisions related to trading in securities. This move follows a system already in place for DPs, which uses PAN-based trading freeze. To ensure a smooth rollout, the implementation will be carried out in two phases. The first phase begins on July 1, 2025, and applies to the top-500 listed companies based on market capitalisation. The second phase, starting from October 1, 2025, will cover all remaining listed companies. Explaining the procedure, Sebi said a designated depository (DD) will provide portal access to listed companies. These companies are required to upload details such as PAN, names, and demat account numbers of both DPs and their immediate relatives. Additionally, they are required to input the start and end dates of the trading window closure. To maintain timely execution, companies are required to confirm the submitted data at least two trading days before the trading window closure begins. Thereafter, DD will share this information with the stock exchanges and the other depository at least one day prior to the closure period. Based on this data, the depositories and stock exchanges will implement the trading freeze for DPs' immediate relatives in their equity and derivative holdings. Any updates or changes are required to be acted upon within two trading days. Additionally, exemptions, where allowed under Sebi rules, can be granted and will be automatically reversed once the exemption period ends. To ensure consistency, standardized formats and timelines for data submission will be issued by the depositories. Any disputes or discrepancies will be resolved through coordination among the depositories, stock exchanges, and the listed company involved, Sebi said. For monitoring purposes, depositories are required to submit a quarterly report to Sebi detailing how many companies are covered, the number of immediate relatives affected, PANs frozen, and exemptions granted during the period.
