SECP and ICAP hold capacity building session on Sustainability Disclosures and Reporting
The SECP in partnership with Institute of Chartered Accountants of Pakistan (ICAP) holds an awareness and capacity building session on Sustainability disclosures and reporting in perspective of evolving international framework for corporate sustainability reporting The session was a full day event attracting huge interest from diverse stakeholders comprising of representation from companies, multilateral institutions, professional…
Adil Aziz
Bank Alfalah marks breakthrough with Equity Investment and Embedded Finance Partnership with QistBazaar
Bank Alfalah, one of the largest commercial banks in Pakistan, has made a significant entry into the venture capital ecosystem as it has signed an agreement to acquire a 7.2% equity stake worth PKR 140 million in QistBazaar, a fast-growing, Securities and Exchange Commission of Pakistan (SECP) licensed Buy Now Pay Later (BNPL) non-bank financial…
SECP Introduces Regulatory Framework for ‘Online Only’ Brokers
The Securities and Exchange Commission of Pakistan (SECP) has approved the regulatory framework for online only brokers through amendments to the Pakistan Stock Exchange (PSX) Rulebook, paving the way for the launch of Online Only Brokers in Pakistan. Cognizant of growing demand for online investing platforms, the SECP is committed to promoting innovation in the…
SECP – AAOIFI to host First International Conference on Islamic Capital Markets
The Securities and Exchange Commission of Pakistan (SECP) and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) are hosting first international conference on Islamic capital markets. The one-day conference will be held on May 29, 2023, at a local hotel in Islamabad, and is being organized in cooperation with key industry players in…
CDC engages industry stakeholders on new e-Voting-related amendments in Companies (Postal Ballot) Regulations, 2018 by SECP
The Securities and Exchange Commission of Pakistan (SECP) has recently made amendments to the Companies (Postal Ballot) Regulations, 2018 whereby the right to vote through an electronic voting facility must be provided to members of every listed company for all businesses classified as a special business under the Companies Act 2017. These amendments have especially…
SECP publishes Digital Lending Applications Whitelist
Pursuant to Google’s updated policy for digital lending apps from Pakistan, the Securities and Exchange Commission of Pakistan (SECP) has published Whitelist of Digital Lending Applications on its website. The Whitelist will serve as reference point for Google to validate regulator’s approved apps before listing them on Play Store with effect from May 31, 2023….
SECP seeks to align Companies Act to promote business growth
In order to align the company law with international best practices and promote business growth and development in Pakistan, the Securities and Exchange Commission of Pakistan (SECP) has initiated a comprehensive review of the Companies Act, 2017. To that end, Mr. Akif Saeed, Chairman of the SECP, has established a Special Com mittee tasked with…
SECP issued diagnostic report on Islamic finance
The Securities and Exchange Commission of Pakistan (SECP) has released a diagnostic report to document key issues and challenges for Islamic finance in the Non-bank financial sector. The report also takes stock of the current state of development of Islamic finance in the country and contains specific recommendations for its promotion. The diagnostic study was…
SECP registers 2,409 new companies in January 2023
The Securities and Exchange Commission of Pakistan (SECP) registered 2,409 new companies in January 2023. The total number of registered companies now stands at 185,173. During the month, a record-breaking 174 companies were registered in a single day. Total capitalization (paid-up capital) with regard to newly incorporated companies for the current month stood at Rs…
SECP for effective implementation of Motor Third Party Liability Insurance
The Securities and Exchange Commission of Pakistan (SECP) has formed a working group to explore the possibilities and mechanism for effective implementation of “Motor Third Party Liability (TPL) Insurance” in the country. The group, comprises industry experts, representatives of Insurance Association of Pakistan (IAP) and SECP officials, will formulate a detailed proposal for effective implementation…