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Pakistan’s corporate sector growth saw a major boost as the Securities and Exchange Commission of Pakistan (SECP) registered 3,046 new companies in February 2025. This surge raised the total number of registered companies in the country to 246,608, reflecting increasing investor confidence and a business-friendly environment. SECP’s commitment to digital transformation has significantly streamlined company …
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Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has granted a license to Tamkeen Securities (Pvt) Ltd, the country’s first fully digital, online-only securities broker. This milestone marks a major step in modernizing Pakistan’s capital markets and increasing accessibility for investors. Revolutionizing Brokerage Services Tamkeen Securities will allow investors to open accounts and execute …
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Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has released a Consultation Paper seeking public feedback on potential changes to the Research Analyst Regulations, 2015. The aim is to improve the quality of research available to investors and align the regulations with both local and international standards. Enhancing Research Quality Research analysts play a …
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The Securities and Exchange Commission of Pakistan (SECP) has uncovered an illegal deposit-taking and investment scheme under the names Summit 4X Trade and Summit AH Experts. The scheme targeted residents of District Layyah through branch offices, WhatsApp, and phone calls. The SECP states that sponsors Abdul Hai and Summer Abbas lured investors with promises of …
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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has ceased the guarantee business of Crescent Star Insurance Limited. The action, taken under Section 60 of the Insurance Ordinance, 2000, follows violations involving guarantees worth Rs. 229 billion issued without requisite collateral or valid reinsurance arrangements. Crescent Star failed to meet the regulatory requirements necessary …
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Islamabad: The Securities and Exchange Commission of Pakistan (SECP), in collaboration with the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and the Islamic Development Bank Institute (IsDBI), successfully hosted the Second International Islamic Capital Market Conference in Karachi. The event focused on the theme “From Tech Transformation to Realizing Sustainability: Building an Islamic Capital …
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The Securities and Exchange Commission of Pakistan (SECP) has approved a comprehensive Strategic Action Plan 2024-2026 to promote Islamic finance and phase out Riba by 2028. The initiative aims to transform non-bank financial sectors by enabling a smooth transition to Sharia-compliant financial practices. Roadmap for Islamic Finance Growth The Strategic Action Plan, prepared by the …
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The Securities and Exchange Commission of Pakistan (SECP) has taken a major step in reforming the insolvency and debt enforcement framework by successfully concluding a comprehensive stakeholder consultation. The consultation underscored the significance of strengthening Pakistan’s legal and regulatory systems to ensure efficient debt resolution and a robust insolvency regime. Judicial Support for Debt Resolution …
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Islamabad: The Securities and Exchange Commission of Pakistan (SECP) inaugurated a two-day consultative conference on insolvency and debt enforcement laws in Islamabad. The event brought together Finance Minister Senator Muhammad Aurangzeb, judges from all high courts, international experts, lawyers, and policymakers to discuss critical reforms. Finance Minister Highlights Reform Priorities Finance Minister Muhammad Aurangzeb delivered the …
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The Securities and Exchange Commission of Pakistan (SECP) convened the first meeting of its newly formed Islamic Capital Market Development Committee (ICMDC) on November 18, 2024. The committee aims to drive innovation and growth in Pakistan’s Islamic capital markets. Dr. Irum Saba, Associate Professor at IBA, chaired the inaugural session. The committee includes industry experts, …
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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued a warning to the public about a fake trading platform operating under the name Interactive Brokers Group (IBKR). This unregistered entity is using social media and WhatsApp groups to lure individuals with promises of high returns from trading on the Pakistan Stock Exchange (PSX) …
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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued the Securities Managers (Licensing and Operations) Regulations, 2024. This regulatory framework aims to facilitate investment advisory in Pakistan’s securities market. Under the new regulations, qualified securities brokers are allowed to provide portfolio management services. To do this, brokers must obtain a securities manager license …
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Islamabad: The Securities and Exchange Commission of Pakistan (SECP) registered 2,477 new companies in October 2024. This recent increase brings the total registered companies in Pakistan to 233,587, showing rising confidence in the country’s corporate sector. SECP’s digitization initiative continues to play a pivotal role, with 99% of the new company registrations processed through its …
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Karachi: The Securities and Exchange Commission of Pakistan (SECP) successfully concluded the second day of the Pakistan Start-up Summit in Karachi. The event continued to generate excitement, attracting policymakers, start-up founders, international speakers, and other stakeholders. Their active participation emphasized the summit’s role as a key platform for driving innovation and economic growth in Pakistan. …
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The Securities and Exchange Commission of Pakistan (SECP) has revised the eligibility criteria for the appointment of Chief Financial Officers (CFOs) in insurance companies. The SECP announced this change in a new S.R.O. 1586(I)/2024, amending the Code of Corporate Governance for Insurers, 2016. This regulatory update was released on Saturday, with changes aimed at strengthening …
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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) is determined to facilitating minority shareholders and has decided to reduce turnaround time for payment of cash dividends to shareholders of listed organizations from 15 days to 03 working days only. SECP has released revisions to the Corporations (Distribution of Dividends) Rules, 2017, for public consultation. …
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ISLAMABAD: To further improve the security of electronic filings and company registration process, the Securities and Exchange Commission of Pakistan (SECP) has integrated its eServices with Pakistan Mobile Number Portability (MNP) Database (Guarantee) Limited to verify the cell number of applicants against their CNICs. The verification of the cell phone number of directors and sponsors …
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