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.
Adil Aziz
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…
SECP to host International Insure-Impact Conference 2023
The Securities and Exchange Commission of Pakistan is set to host the International Insure-Impact Conference 2023 (IIC 2023), a two-day event in Karachi on December 13 and 14, 2023, with the theme “Journey to an Insured Pakistan”. Through the IIC 2023, the SECP aims to boost the insurance sector by promoting inclusivity, innovation, and resilience…
SECP continues crack down on illegal loan apps
As part of the Securities and Exchange Commission of Pakistan’s crackdown against illegal loan apps, it has been observed that some operators have started launching their illegal loan apps through Android Package Kit (APK) files, by using alternative channels such as websites, WhatsApp, etc. instead of uploading them on Google and Apple Play stores. The…
PSX marks WIW 2023 with gong ceremony
Pakistan Stock Exchange along with numerous other exchanges and organisations across the world marked World Investor Week (WIW) 2023 through a gong ceremony held at PSX. The World Federation of Exchanges (WFE), of which PSX is an Affiliate Exchange, spearheads the WIW, the WIW is being held from October 2– 8, 2023. PSX is holding…