United Insurance to undertaking whole control of SPI Insurance
The Sindh High Court has sanctioned the scheme of merger, transferring the entire undertaking and business of M/s SPI Insurance Company Limited to and vested in the United Insurance Company of Pakistan.
Adil Aziz
PMEX holds first Invest Expo 2023
The Pakistan Mercantile Exchange organised Invest Expo, featuring exhibitions by leading entities in the financial sector, including stock brokers, commodities brokers, mutual funds, insurance, and microfinance companies.
SECP watch Insurance Premium projected growth 129% to1,221Billion by 2028
The Securities and Exchange Commission of Pakistan is all set to boost the premium for the insurance sector by around 129.8 per cent from existing Rs 533 billion to Rs. 1,221 billion in the next five years.
SECP proposes amendments to insurance regulatory framework for recording of advance tax
The Securities and Exchange Commission of Pakistan, to provide the manner of recording advance advance/withholding tax in the books of life insurance companies as well as management of investment in government securities by life insurance companies, has proposed amendments in the regulatory framework for insurance companies.
SECP and FIA to collaboration for safeguards of digital financial system from cyber crime and fraud
The Securities and Exchange Commission of Pakistan and Federal Investigation Agency have signed a memorandum of understanding (MoU) to formalize mechanism for information sharing and cooperation between the both organizations.
Editor
SECP to establish online dashboard ‘ESG Sustain’
SECP establishing an online dashboard called ‘ESG Sustain’ that will be the premier national-level one-stop repository for all sustainability-related laws, regulations, capacity building, reports, and data covering all regulated sectors
Mehfooz
SECP initiates consultation on voluntary ESG Disclosure Guidelines
The Securities and Exchange Commission of Pakistan issued draft guidelines on ESG disclosures for consultation as part of its Environmental, Social and Governance (ESG) Regulatory Road map issued in June 2022. The guidelines have been prepared to encourage listed companies to enhance their ESG disclosures in a fair and transparent manner on voluntary basis. Since the guidelines are non-mandatory in nature, non-listed companies may also seek guidance from the draft guidelines for embarking on their journey towards adoption of ESG standards.
SECP raising awareness about the Islamic capital market
The Securities and Exchange Commission of Pakistan, in partnership with the Pakistan Stock Exchange and the IBA Centre for Excellence in Islamic Finance (IBA-CEIF), held sessions to raise awareness about the Islamic capital market.
SECP registers 2,477 new companies in September
Foreign investment has been reported in 82 new companies The Securities and Exchange Commission of Pakistan registered 2,477 new companies in September 2023, bringing the total number of companies in Pakistan to 202,892. The total capitalization (paid up capital) of newly incorporated companies stood at Rs. 1.59 billion, said a press release issued. Private limited…
Central corporate governance portal to be launched by PICG, CDC
The Pakistan Institute and Corporate Governance (PICG) and Central Depository Company (CDC) are launching a corporate governance portal, e-Go, to protect the rights of minority shareholders and to educate and engage shareholders in governance related issues. The platform will be implemented as a joint venture of PICG and CDC, leveraging the domain expertise of PICG…