SECP issues first ever Shariah Compliance Certificates to 2 REITs
The Securities and Exchange Commission of Pakistan (SECP) has issued the first-ever certificate of Shariah compliance to two Estate Investment Trusts (REITs), namely Signature Residency REIT and Rahat Residency REIT. Earlier this year, in pursuance of Pakistan’s Federal Shariah Court (FSC) judgement, where in the FSC directed the government to facilitate all lending activity under…
Adil Aziz
FPCCI has proposed to introduce agricultural REIT in budget
Mr. Irfan Iqbal Sheikh, President FPCCI, has apprised that the apex body has recommended to the Government of Pakistan for announcing REIT rules and regulations for the agriculture sector and this concept has been around in the world for quite a long time. Mr. Irfan Iqbal Sheikh added that his may be implemented within the…
SECP proposes revamping of REITs Regulatory Framework
The Securities and Exchange Commission of Pakistan (SECP) has published a concept paper titled “Review of Landscape & Revamping Framework-REITs” for soliciting public comments. It provides a glance at Real Estate Investment Trusts (REITs) Industry and covers proposed amendment(s) in the REITs regulatory framework. The aim of proposed regulatory amendments is to introduce new REIT…