secpNAMCO asset management services license suspended by SECP

ISLAMABAD, Jun 4 (APP): The Securities and Exchange Commission of Pakistan (SECP) has suspended the asset management services license of the National Asset Management Company Limited (NAMCO) to manage public funds and has imposed a penalty of one million rupees on NAMCO, and of Rs 150,000 on each of its directors for failing to comply with various regulatory requirements

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