SECP Issues New Procedure for Approval of CapEx
The Securities and Exchange Commission of Pakistan (SECP) has published a new method for the board of businesses’ approval of capital expenditures and asset sales.
A public interest firm and a large-sized company are required to spend more than Rs. 25 million on a single item of capital expenditure.
The book value for the sale of a fixed asset must be greater than Rs. 5 million or 1% of the company’s total assets, whichever is less.
For medium-sized and small-sized businesses, the amount of capital expenditures that must be made on any one item must be greater than five million rupees, and the book value required to dispose of a fixed asset must be greater than one million rupees or one percent of the company’s total assets, whichever is less.
With the caveat that any major expenditure on land or a building, regardless of the cost, or the disposal of either, may only be done with the board’s permission.
Please check out the Al Sadat Marketing website to find out what’s going on.
You can also invest in other famous and most in demand housing societies, such as , Blue World City, Rudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom Valley, New Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.
Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart City, Silver City Islamabad, The Life Residencia, Faisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.
Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.
Book Your Plot Now: +92 331 111 0005