Jazz Cash, SECP sign MoU

ISLAMABAD, Mar 28 (APP):The Securities and Exchange Commission of Pakistan (SECP) has signed a Memorandum of Understanding (MoU) with JazzCash, the country’s largest fintech operator. This MoU fortifies JazzCash’s role as SECP’s knowledge partner said a news release. The partnership underscores a concerted effort to bolster digitalization and promote financial literacy. The MoU delineates a… Continue reading Jazz Cash, SECP sign MoU

SECP issues circular regarding intimation of share transfer

ISLAMABAD, Mar 25 (APP): The Securities and Exchange Commission of Pakistan (SECP) on Monday issued a circular clarifying provisions of section 465(4) read with 510 of the Companies Act 2017 regarding filing of return with the registrar for change in shareholding of the companies. A press release issued by the SECP said that under the… Continue reading SECP issues circular regarding intimation of share transfer

SECP holds industry meeting-cum-webinar on RBC regime for insurance sector

ISLAMABAD, Mar 21 (APP):The Securities and Exchange Commission of Pakistan (SECP) held a session on Thursday for the insurance industry participants to provide an overview of the Risk-Based Capital (RBC) regime and a walk-through of the recently disseminated RBC templates. The meeting was attended by Chief Executive Officers (CEOs), finance and risk professionals from the… Continue reading SECP holds industry meeting-cum-webinar on RBC regime for insurance sector

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SECP organizes financial literacy lecture at Margalla College, F-7/4

ISLAMABAD, Mar 20 (APP):The Securities and Exchange Commission of Pakistan (SECP) conducted a financial literacy lecture at Post-Graduate Margalla College (IMCG) F-7/4, Islamabad, on the subject of “Savings and Investment: Pathway to a Better Future.” A large contingent of students and faculty members attended the lecture, Said a press release issued here on Wednesday. The… Continue reading SECP organizes financial literacy lecture at Margalla College, F-7/4

SECP issues advertisements, call centre management guidelines for digital lenders

ISLAMABAD, Mar 18 (APP):The Securities and Exchange Commission of Pakistan (SECP) has issued guidelines to Non-banking Finance Companies (NBFCs) involved in digital lending to ensure best practices in advertisements and call centre management. The guidelines were designed to prioritize borrower protection and to prevent deceptive marketing and unethical call centre practices, said a news release… Continue reading SECP issues advertisements, call centre management guidelines for digital lenders

SECP issues concept paper on Shariah-compliant brokerage services

ISLAMABAD, Mar 8 (APP): The Securities and Exchange Commission of Pakistan (SECP) on Friday published a concept paper aimed at enabling Shariah-compliant brokerage services in the securities market through an optimal organizational and operational model. The concept paper presents several options available for the provision of Shariah-compliant brokerage services, including the opening of an Islamic… Continue reading SECP issues concept paper on Shariah-compliant brokerage services

SECP files criminal cases against individuals involved in stock market manipulation

ISLAMABAD, Mar 6 (APP): The Securities and Exchange Commission of Pakistan (SECP) has filed four criminal complaints against individuals involved in manipulating stock prices, including sponsors and brokerage house management. The Court has admitted all four complaints filed by SECP against the accused individuals, said a press release issued here on Wednesday. The accused gained… Continue reading SECP files criminal cases against individuals involved in stock market manipulation

SECP, ministry of education sign MoU to promote financial literacy

ISLAMABAD, Mar 5 (APP): The Securities and Exchange Commission of Pakistan (SECP), on Tuesday signed a Memorandum of Understanding (MoU) with the Ministry of Federal Education and Professional Training to promote financial literacy among students at federal educational institutions. The SECP Chairman Akif Saeed and the Special Secretary of Federal Education and Professional Training Mohyuddin… Continue reading SECP, ministry of education sign MoU to promote financial literacy

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SECP organizes workshop on new regulatory framework of VPS

ISLAMABAD, Mar 4 (APP): The Securities and Exchange Commission of Pakistan (SECP) here on Monday held a capacity-building workshop for journalists, focusing on the enhanced scope of the Voluntary Pension System (VPS) regulatory framework. The event aimed to raise public awareness and understanding of the Voluntary Pension System, said a news release. Executive Director, Specialized… Continue reading SECP organizes workshop on new regulatory framework of VPS

SECP seeks public consultation on conduct of meetings of shareholders

ISLAMABAD, Feb 29 (APP):The Securities and Exchange Commission of Pakistan (SECP)Thursday constituted a committee of experts for comprehensive review of the manner of conduct of shareholder meetings by listed companies and identify reforms. The committee has submitted its report to the Commission which contains recommendations to improve transparency and efficiency in the manner of conducting… Continue reading SECP seeks public consultation on conduct of meetings of shareholders

2,651 new companies incorporated in January: SECP

ISLAMABAD, Feb 19 (APP):The Securities and Exchange Commission of Pakistan (SECP) has registered 2,651 new companies in January 2024, showing an increase of 10 percent compared to the corresponding period last year. The total number of registered companies now stands at 212,108. Total capitalization (paid-up capital) with regard to newly incorporated companies is Rs5.2 billion,… Continue reading 2,651 new companies incorporated in January: SECP

SECP publishes Consultation Paper on adoption of AAOIFIs standards for Islamic finance

ISLAMABAD, Feb 6 (APP): The Securities and Exchange Commission of Pakistan (SECP) has published a consultation paper to seek comments and feedback of stakeholders on the implementation of a new strategy for the adoption of AAOIFI’s Shariah, accounting, auditing and governance standards. The proposed new strategy aims to enhance the adoption of Accounting and Auditing… Continue reading SECP publishes Consultation Paper on adoption of AAOIFIs standards for Islamic finance

SECP issues Islamic finance bulletin for 2022-23

ISLAMABAD, Jan 29 (APP):The Securities and Exchange Commission of Pakistan (SECP) has issued its first ‘Islamic Finance Bulletin’ for the financial year 2022-23, aimed at providing up-to-date data, insights into new developments, and a deeper understanding of regulatory reforms in the Islamic financial services industry. The Islamic Finance Bulletin additionally, it provides essential information on the… Continue reading SECP issues Islamic finance bulletin for 2022-23

Pak High Commission hosts IBA delegation

ISLAMABAD, Jan 27 (APP): Pakistan High Commissioner in Singapore Rukhsana Afzaal has hosted a delegation of Institute of Business Administration (IBA) Karachi comprising senior justices from the Lahore and Islamabad High Courts, officials of Security Exchange Commission of Pakistan (SECP), Pakistan Stock Exchange and faculty members of IBA. The delegation is in Singapore for a… Continue reading Pak High Commission hosts IBA delegation

SECP, UN Women hosts its 3rd ESG Symposium to advance sustainable Development

ISLAMABAD, Jan 23 (APP):The Securities and Exchange Commission of Pakistan (SECP), in collaboration with UN Women Pakistan, convened its third Environmental, Social, and Governance (ESG) Symposium focused on ESG based investing and Climate Change. The full-day event, held in Karachi, drew dynamic participation from the relevant stakeholders including leadership from key capital market institutions, multilateral… Continue reading SECP, UN Women hosts its 3rd ESG Symposium to advance sustainable Development

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