Business
PSX allows under-18 investors to open trading accounts through guardians | The Express Tribune
Guardians can open and fully manage trading accounts for minors, handling all instructions and activities
The Pakistan Stock Exchange, in collaboration with the National Clearing Company of Pakistan Limited and the Central Depository Company, has announced comprehensive guidelines for opening trading accounts for minors.
As per guidelines, a guardian may open a trading account on behalf of a minor and the authority to operate the account will rest exclusively with the guardian, who will handle all trading instructions and related activities.
Developed in consultation with the Securities and Exchange Commission of Pakistan (SECP), the initiative aims to promote financial inclusion and encourage investment habits among the younger generation.
According to the notice issued by the PSX chief regulatory officer, the guidelines define the process and conditions for opening and operating trading accounts of minors through their natural or legally appointed guardians. The new framework, titled “Guidelines for Opening Trading Accounts of Minors,” has been introduced to consolidate and simplify procedures, enabling minors to access financial services in a regulated and secure manner.
Read More: Stocks fall modestly as investors stay cautious
Under the new rules, a guardian may open a trading account on behalf of a minor by presenting valid identification documents issued by the National Database and Registration Authority (NADRA), such as a Juvenile Card, Form-B, or Child Registration Certificate.
If the guardian is someone other than the father, a court-issued Guardianship Certificate will be required. Each account will be titled to reflect the relationship between the minor and the guardian. The authority to operate the account will rest exclusively with the guardian, who will handle all trading instructions and related activities.
The guidelines further specify that receipts and payments may be made through the minor’s own bank account opened under the guardian, a joint account with the guardian, or the guardian’s personal bank account.
To safeguard the interests of minors, trading in futures markets, leveraged products, negotiated deals, and same-day square-up transactions will not be permitted. Securities brokers are required to act strictly in accordance with these operational conditions.
When a minor reaches the age of 18, the system will automatically alert both the broker and the guardian one month in advance. Upon attaining majority, the minor’s account will be temporarily suspended until a new trading account is opened in the individual’s own name.
All securities from the minor’s sub-account will then be transferred to the new account without any capital gains tax implications, preserving the original acquisition cost and date.
Before the age of 18, securities held in the minor’s account will be treated as part of the guardian’s portfolio. Once the new account is established, the inventory will be shifted to the individual’s name, following the First-in-First-Out principle, similar to existing procedures for gift transfers.
The PSX has directed all securities brokers to ensure strict compliance with these guidelines and the related operational requirements.
Business
Without Rera data, real estate reform risks losing credibility: Homebuyers’ body – The Times of India
New Delhi: More than 75% of state real estate regulators, Reras, have either never published annual reports, discontinued their publication or not updated them despite statutory obligation and directions from the housing and urban affairs ministry, claimed homebuyers’ body FPCE on Friday. It released status report of 21 Reras as of Feb 13.The availability of updated annual reports is crucial as these contain details of data on performance of Reras, including project completion status categorised by timely completion, completion with extensions, and incomplete projects. The ministry’s format for publishing these reports also specifies providing details such as actual execution status of refund, possession and compensation orders as well as recovery warrant execution details with values and list of defaulting builders.FPCE said annual report data is not only vital for homebuyers to assess system credibility, but is equally necessary for both state and central govts to frame effective policies, design incentivisation schemes, and develop tax policy frameworks.“Unless we have credible data proving that after Rera the real estate sector has improved in terms of delivery, fairness, and keeping its promises, we are merely firing in the air,” said FPCE president Abhay Upadhyay, who is also a member of the govt’s Central Advisory Council on Rera.As per details shared by the entity, seven states — Karnataka, Tamil Nadu, West Bengal, Andhra Pradesh, Himachal Pradesh and Goa — have never published a single annual report since Rera’s implementation, and nine states, including Maharashtra, Uttar Pradesh and Telangana, which initially published reports, have discontinued the practice.Upadhyay said when regulators themselves don’t follow the law, they lose the legal right to demand compliance from other stakeholders. “Their failure emboldens builders and weakens the very system they are meant to safeguard,” he said.
Last Updated:
Over recent quarters, payouts had gradually improved from roughly 65 percent to 80 percent and now to an average of about 85 percent in Q3FY26.
Infosys logo is seen.
IT major Infosys rolled out performance bonus payouts averaging around 85 percent for the quarter ended December 31, 2025 (Q3FY26), marking the strongest variable pay outcome for eligible employees in at least the past three-and-a-half years, Moneycontrol reported citing people in the know.
The bonus payout for mid- to junior-level employees ranges between 75 percent and 100 percent, with most employees clustering around the organisation-wide average of 85 percent, the report said. The development signals a steady recovery in variable compensation at the Bengaluru-headquartered IT services firm. Over recent quarters, payouts had gradually improved from roughly 65 percent to 80 percent and now to an average of about 85 percent in Q3FY26.
Employees are expected to receive their bonus letters over the next few days, with the payout scheduled to be credited along with their February salary.
One employee told the outlet that it is the strongest bonus outcome seen in recent years. The payout is also among the rare instances since the Covid-19 period when variable pay has approached the upper end of the eligible range.
Infosys last paid out 100 percent variable compensation during the pandemic. In the quarters that followed, payouts were lower amid macroeconomic uncertainty and a broader slowdown in client spending across global markets.
The higher payout comes at a time when global IT stocks have faced renewed pressure, driven by concerns over rapid advances in artificial intelligence and their potential impact on traditional IT services models.
Shares of global IT firms have seen sharp sell-offs in recent weeks amid heightened investor focus on AI leaders such as Anthropic. Investors fear that generative AI tools could compress pricing, automate routine services work and reduce demand for legacy outsourcing models.
Against that backdrop, the improved bonus payout at Infosys is being viewed as a signal of operational resilience and near-term performance strength, even as sentiment around the broader IT sector remains cautious.
Click here to add News18 as your preferred news source on Google.
February 13, 2026, 21:44 IST
Read More
Martin Lewis explains why now might be a good time to think about changing your bank account.
Source link
Bangladesh political heir Tarique Rahman poised for PM
Without Rera data, real estate reform risks losing credibility: Homebuyers’ body – The Times of India
Rieter responds to higher raw material prices
How a factory error in China created a viral “crying horse” Lunar New Year trend
New York Is the Latest State to Consider a Data Center Pause
Aye Finance IPO Day 2: GMP Remains Zero; Apply Or Not? Check Price, GMP, Financials, Recommendations
-
Entertainment1 week agoHow a factory error in China created a viral “crying horse” Lunar New Year trend
-
Tech7 days agoNew York Is the Latest State to Consider a Data Center Pause
-
Business3 days ago
Aye Finance IPO Day 2: GMP Remains Zero; Apply Or Not? Check Price, GMP, Financials, Recommendations
-
Tech1 week agoPrivate LTE/5G networks reached 6,500 deployments in 2025 | Computer Weekly
-
Business1 week agoStock market today: Here are the top gainers and losers on NSE, BSE on February 6 – check list – The Times of India
-
Tech1 week agoNordProtect Makes ID Theft Protection a Little Easier—if You Trust That It Works
-
Fashion3 days agoComment: Tariffs, capacity and timing reshape sourcing decisions
-
Business1 week agoMandelson’s lobbying firm cuts all ties with disgraced peer amid Epstein fallout