SECP registers 2,349 new companies in February
The Securities and Exchange Commission of Pakistan (SECP) registered 2,349 new companies in February 2022, raising the total number of registered companies to 163,333. The accumulated capitalization (paid-up-capital) of newly incorporated companies is Rs2.2 billion. During February, foreign investment has been reported in 50 new companies. These companies have foreign investors from Afghanistan, Bahrain, Burma…
Adil Aziz
SECP specifies eligibility requirement to register as trustee of open-end or close-end scheme
Pursuing its agenda of developing vibrant and competitive capital markets, the Securities and Exchange Commission of Pakistan (SECP) has specified the eligibility criteria and enabling framework to register as a trustee of open-end or close-end schemes. Under the framework, notified through Circular No 4 of 2022, a public limited company having principal business of providing…