Islamabad, January 25, 2023 (PPI-OT):In a bid to streamline investment processes for Corporate Restructuring Companies (CRCs) and provide greater flexibility for restructuring operations, the Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to the Corporate Restructuring Companies Rules, 2019. The draft amendments have been placed on SECP’s website

Islamabad, January 20, 2023 (PPI-OT):In order to facilitate the asset management industry and to ensure compliance with statutory/regulatory requirements in an efficient manner, the Securities and Exchange Commission of Pakistan (SECP) has issued an updated Master Circular for Asset Management Companies (AMCs) and Investment Advisors (IAs). The Master Circular is

Islamabad, January 13, 2023 (PPI-OT):The Securities and Exchange Commission of Pakistan (SECP) registered 2,374 new companies in December 2022. The total number of registered companies now stands at 183,744. Total capitalization (paid-up-capital) of these companies for the current month stands at Rs4.1 billion. Foreign investment has been reported in 85

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

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

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

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