Fund companies should bolster disclosure:
Mutual fund companies must bolster their disclosures to investors and more clearly explain major changes that impact fund returns, the Ontario Securities Commission said in a notice issued Friday.
ISLAMABAD, July 4:The spokesman for the Ministry of Information Technology on Monday clarified a news item published in the daily 'The News' on July 3, regarding the usage of the secret fund by the Ministry of Information Technology.The statement of the news item regarding the possession of secret fund of Rs. 1.4226 billion in the financial year of 2010-2011 and an allocation of secret fund of Rs. 1.3296 billion in the financial year of 2009-2010 is absolutely misleading and out of question.