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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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