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Capital adequacy certificate timeline amended.


KARACHI, July 21, 2009 (Balochistan Times) -- Karachi Stock Exchange Karachi Stock Exchange

The major securities exchange of Pakistan.
 (KSE KSE Karachi Stock Exchange
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) has asked its members to submit the certificate of net capital balance (for the period ending June 30, 2009) by September 15, 2009 instead of September 30, 2009 to avoid penalty. According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 a KSE notice, dated July 20, 2009, the members are required to submit bi-annual certificates from the prescribed auditors confirming their net capital balance as on June 30 and December 31, by September 15 and March 15 respectively. These certificates are used for the purpose of calculating respective capital adequacy of each member.

(THROUGH ASIA Asia (ā`zhə), the world's largest continent, 17,139,000 sq mi (44,390,000 sq km), with about 3.3 billion people, nearly three fifths of the world's total population.  PULSE)
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Publication:Balochistan Times (Baluchistan Province, Pakistan)
Article Type:Chronology
Date:Jul 21, 2009
Words:99
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