International Partners & POSA organized Conference on the Insurance landscape of Pakistan
The Pakistan Society of Actuaries (PSOA) organized the Conference on “Insurance Landscape of Tomorrow” in collaboration with international actuarial professional organizations. The Institute and Faculty of Actuaries (UK), Society of Actuaries (US) and Casualty Actuarial Society (US) partnered with the PSoA for organizing the Conference. The President-elect of Institute & Faculty of Actuaries UK, Mr. Paul Sweeting, attended the conference in-person while President-elect of SoA joined virtually.
Adil Aziz
NADRA-SECP Sign MoU to Promote Mutual Cooperation
National Data Base and Registration Authority (NADRA) and the Securities and Exchange Commission of Pakistan (SECP) signed a Memorandum of Understanding (MoU) to formalize mechanism for information sharing and cooperation between the two institutions.
Editor
SECP extends Companies Regularization Scheme
The Securities and Exchange Commission of Pakistan (SECP) has to extend the Companies Regularization Scheme by one month.
Aurangzeb terms agriculture, IT as mainstay of economy
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb said that agriculture and information technology (IT) were the backbone of country’s economy and the real levers of economic growth.
SECP & U.S. CFTC conducted 2nd Training Session on Commodities Futures Market
The Securities and Exchange Commission of Pakistan (SECP) in collaboration with the U.S. Commodity Futures Trading Commission (CFTC) commenced the second training session on the development of the Commodity Futures Market, in Islamabad.
Consultation Paper on Areas of Improvement in the Public Offering Regime
The Securities and Exchange Commission of Pakistan (SECP) has issued a Consultation Paper on areas of improvement in the public offering regime in order to foster capital formation. The requisite regulatory amendments will be finalized after receiving public feedback and stakeholder consensus.
Mehfooz
SECP Issues Warning Against Fraudulent Social Media and WhatsApp Groups
The Securities and Exchange Commission of Pakistan (SECP) has issued a public alert regarding the increasing number of fraudulent social media and WhatsApp groups that are operating under the guise of investment training courses. These groups are impersonating well-known local and international business personalities or reputable international financial companies to deceive the public.
SECP roundtable on Insured Pakistan through promoting Takaful
The SECP organized a roundtable discussion to support its ‘Insured Pakistan 5-year strategic plan’ by promoting the development of the takaful sector in Pakistan with the CEOs and heads of takaful operations of all insurance companies. The session titled “Takaful: Unlocking the Growth Potential” was a half day event, held at Karachi.
SECP Revokes Registration of EFU Health Insurance Limited as an Insurer
M/s EFU Health Insurance Limited, is no longer authorized to carry on insurance business in Pakistan and, as per scheme, any business activity carried by it or any liability incurred by it shall be payable by M/s EFU Life Assurance Limited. Consequently, all policyholders of EFU Health Insurance Limited may contact M/s EFU Life Assurance Limited for any claim or liability with respect to their insurance policies.
SECP alerts public to fraudulent trading platform Aviva Investment Group
The Securities and Exchange Commission of Pakistan (SECP) has identified an illegal trading platform operating under the name “Aviva Investment Group/ H1- Aviva Securities Exchange Academy/ Aviva Investment Limited “. The platform is being promoted through various WhatsApp groups and social media channels and is falsely claiming\substantial returns on trading in the Pakistan Stock Exchange and international stock markets.