Pak-Qatar Asset Management Company announces approval of Shariah Compliant Collective Investment Schemes
Pak-Qatar Asset Management Company Limited (PQAMCL) recently announced that the Securities and Exchange Commission of Pakistan (SECP) has accorded approval for the launch of its Shariah Compliant Collective Investment Schemes (Mutual Funds). PQAMCL is going for IPO of its funds. PQAMCL obtained its license to operate as an Asset Management Company and Investment Advisor in…
Adil Aziz
SECP registers 2,362 new companies in August 2022
The Securities and Exchange Commission of Pakistan (SECP) registered 2,362 new companies in August 2022, raising the total number of registered companies to 176,329. This shows an increase of 16% as compared to corresponding period last year. Total capitalization (paid-up-capital) with regard to newly incorporated companies for the current month stood at Rs4.9 billion. Foreign…
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…
Securities & Exchange Commission of Pakistan introduces digital-only insurers and microinsurers
The Securities and Exchange Commission of Pakistan (SECP) Thursday introduced registration regime for digital-only insurers and dedicated microinsurers. This will promote digitalization and improve customer convenience through instant provision of services. In this regard, amendments to the Insurance Rules, 2017 have been notified vide SRO 1513(I)/2022, said a press release issued here. The new framework…
SECP proposes to reduce statutory Forms from 75 to 27 under Companies Act
In order to facilitate the corporate sector in complying with the applicable regulatory requirements, the Securities and Exchange Commission of Pakistan (SECP) has issued draft Companies Regulations, 2022. It is a consolidated version of nine separate regulations, earlier framed under section 512 of the Companies Act, 2017. The consolidated regulations aim to standardize forms/applications filed…
SECP registers 1,906 new companies in May 2022
The Securities and Exchange Commission of Pakistan (SECP) registered 1,906 new companies in May 2022, raising the total number of registered companies to 169,919. This shows an increase of 19% as compared to corresponding period last year. Total capitalization (paid-up-capital) with regard to newly incorporated companies for the current month stood at Rs3.5 billion. Foreign…
SECP Chairman suggests high-level Steering Committee to chart impactful roadmap for promotion of Islamic finance
The Chairman, Securities and Exchange Commission of Pakistan (SECP) Aamir Khan suggests establishment of a high-level Steering Committee tasked with charting an impactful roadmap for the future, encompassing all touch points of Islamic finance ecosystem, to promote Islamic finance in the country. He made this suggestion in his keynote address at World Islamic Finance Forum’s…
SECP releases Annual Report for FY 2020-21
The Securities and Exchange Commission of Pakistan (SECP) has released its annual report for the fiscal year 2020-21. The report covers the reforms undertaken with the objectives to ensure effective enforcement, improve access to finance, encourage capital formation, simplify regulatory processes and reduce costs of doing business. SECP Chairman Aamir Khan, in his message published…
SECP Launched Stewardship Framework for Institutional Investors
Aiming to promote long-term value creation and “responsible” engagement of institutional investors with the investee companies, the Securities and Exchange Commission of Pakistan (SECP) has issued the Stewardship Guidelines for Institutional Investors. The guidelines are applicable to the Asset Management Companies, Pension Fund Managers, Private Fund Management Companies, Life Insurers and Employees Contributory Funds managed…
SECP registers 2,345 new companies in April
The Securities and Exchange Commission of Pakistan (SECP) registered 2,345 new companies in April 2022 raising the total number of registered companies to 168,030. This shows an increase of 7% as compared to corresponding period last year. The total number of registered companies now stands at 168,030. Total capitalization (paid-up-capital) with regard to newly incorporated…