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SECP issues Guidelines for Offering Islamic Financial Services, 2023 

Islamabad, January 11, 2023 (PPI-OT):In a landmark development for the growth of Islamic finance in the non-bank financial sector, the Securities and Exchange Commission of Pakistan has issued Guidelines for Offering Islamic Financial Services, 2023, covering all its regulated sectors. The guidelines are framed to facilitate growth of Shariah-compliant financial

SECP apprised digital lenders on new regulatory requirements

Islamabad, January 09, 2023 (PPI-OT):The Securities and Exchange Commission of Pakistan (SECP) briefed the non-banking finance companies (NBFCs) on improved regulatory requirements, recently imposed through Circular No 15 to address the complaints of mis-selling, inflated charges and undue access to customer’s data. Senior management of all the licensed NBFCs, engaged

SECP Chairman stresses upon improving service standards of insurance industry

Islamabad, January 06, 2023 (PPI-OT):The Chairman Securities and Exchange Commission of Pakistan (SECP) Akif Saeed emphasized upon improving the corporate image of insurance industry by introducing new products with greater value to policyholders, upgrading service standards and timely disclosure of customers and claims data. He was meeting the representatives of

SECP to reform PMEX for creating linkage with rural economy: Akif Saeed 

Islamabad, January 06, 2023 (PPI-OT):The Chairman, Securities and Exchange Commission of Pakistan (SECP) Akif Saeed said regulatory and structural reforms will be introduced along with product development to link Pakistan Mercantile Exchange (PMEX) with the rural economy of Pakistan. The Chairman SECP, accompanied by senior officials, met the Board of

Chairman SECP for continuous engagement with market participants SECP team visits PSX

Islamabad, January 05, 2023 (PPI-OT):The Chairman, Securities and Exchange Commission of Pakistan (SECP) Akif Saeed, during his visit to Karachi, met with the management and Board of Directors of Pakistan Stock Exchange (PSX), National Clearing Company of Pakistan Limited (NCCPL) as well as the Executive Committee of Pakistan Stock Brokers

Meeting regarding the use of Solar Energy to power CDA offices including basic city infrastructure

Islamabad, December 31, 2022 (PPI-OT):An important meeting regarding solar energy was held on Saturday under the chairmanship of Captain (Retd) Muhammad Usman Younis, Chairman Capital Development Authority. In which other officers including Member Engineering, Member Planning, and Member Environment participated. In the meeting, the possibilities of transferring all CDA offices,

Anti-Encroachment operations in Sector C-13 and G-11/3 

Islamabad, December 31, 2022 (PPI-OT):On the instructions of Chairman CDA, Captain (retired) Muhammad Usman Younis, DG Enforcement called the anti-encroachment staff to the office despite the holiday today and Chairman CDA Capt. (Retd.) Mohammad Usman Younis to issue instructions for removal of encroachments in Sector C-13, G-11, I-10/3 and Industrial

Bank Holiday

Karachi, December 30, 2022 (PPI-OT):The State Bank of Pakistan will remain closed for public dealing on Monday, January 2, 2023, which will be observed as ‘Bank Holiday’. All banks / DFIs / MFBs shall, therefore, remain closed for public dealing on the aforementioned date. However, employees of the banks /