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By notifying the Employees Provident Fund (Investment in Listed Securities) Rules, 2016.
The provident funds can invest in securities listed on the Pakistan Stock Exchange in Pakistan, but such investments shall not exceed 50 percent of the size of the employees' provident fund, provided total investment in listed debt securities, listed debt collective investment schemes and money market collective investment schemes registered as notified entity with the SECP shall not exceed fifty per cent of the size of the employees' provident fund; and the total investment in listed equity securities and listed equity collective investment schemes, registered as notified entity with the SECP, shall not exceed 30 percent of the size of the employees' provident fund.
For the fifth year in a row, Provident was named to the Inc.
As part of the takeover, which closed on 10 August, Provident also made a payment of USD578,000 to settle outstanding stock options.
Theodore Petrara, Managing Partner and co-founder of Provident Capital Partners, said: "We are extremely pleased that we are able to bring this issue to market so soon after the peak of the global credit and liquidity crises.
M&T Bank Corporation (NYSE: MTB) has said that it has received regulatory approval for its proposed acquisition of Provident Bankshares Corporation (NASDAQ: PBKS).
The Examiner have teamed up with Friends Provident, the life and pensions provider, to give the chance for four lucky readers (two pairs) to go and watch the Friends Provident Trophy match on May 28.
The Provident Bank is providing financing in the form of a $10.
Under the deal, still subject to final approval by Provident shareholders, Ventas will assume ownership of 68 independent and assisted living properties, totaling 6,819 units in 19 states, Ventas Chairman, President and Chief Executive Officer Debra Cafaro said during a conference call.
So far the relationship with Provident has been very positive,'' Fowler said.
In the largest sponsored demutualization ever, Provident Mutual is now a wholly owned subsidiary of Nationwide Financial and its name has become Nationwide Provident.