April 27, 2024

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Pakistan Revenue

Tag: SECP

SBP advises banks to register security interest under STA
Apr 25
Money & Banking

SBP advises banks to register security interest under STA

KARACHI: State Bank of Pakistan (SBP) on Friday advised banks, microfinance banks and development financial institutions (DFIs) to register their security interest under secured transaction laws. The SBP in a circular said that with a view to provide for registration of charge on security/collateral offered by un-incorporated entities including sole proprietorships and partnerships and thereby […]

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SECP highlights difficulties in present tax regime
Apr 23
Taxation

SECP highlights difficulties in present tax regime

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has highlighted difficulties faced by corporate sector due to prevailing tax regime. The SECP chairman called upon the chairperson of Federal Board of Revenue (FBR) on Wednesday to discuss a number of taxation policy reforms that are essential for the development of Pakistan’s capital markets, corporate sector, […]

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SECP shuts registration offices, facilitation centers amid coronavirus outbreak
Apr 14
Corporate, Stock & Commodity

SECP shuts registration offices, facilitation centers amid coronavirus outbreak

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Tuesday shut Companies Registration Offices (CROs) and facilitation centers till further instructions as preventive measures against coronavirus disease (COVID-19). The regulator in a circular No. 13/2020 dated April 14, 2020 said that the current outbreak of coronavirus disease (COVID-19) in a substantial number of countries […]

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SECP announces relief for corporate sector to dilute coronavirus impact
Apr 1
Corporate, Stock & Commodity

SECP announces relief for corporate sector to dilute coronavirus impact

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) on Wednesday announced regulatory relief for corporate sector in order to dilute impact of coronavirus. The SECP said that considering the gravity of the pandemic coronavirus (COVID-19) on the public health and the lockdown situation in the country, the companies are facing various difficulties while ensuring compliance […]

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SECP discusses stock market situation
Mar 13
Stock & Commodity

SECP discusses stock market situation

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has discussed the situation of the stock market, which triggered halt for third time in this week. The SECP team lead by the Chairman SECP and Commissioner(SM) held a detailed meeting with the CEOs of Pakistan Stock Exchange, National Clearing Company and Central Depository Company (Self-Regulatory […]

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Centralized repository to facilitate effective settlement of insurance claims: SECP
Feb 24
Stock & Commodity

Centralized repository to facilitate effective settlement of insurance claims: SECP

KARACHI: Pakistan’s first ever centralized information repository has been launched on Monday for life insurance sector. This will complement government’s objectives of providing ease of doing business and enhanced consumer protection. Aamir Khan, Chairman, Securities and Exchange Commission of Pakistan (SECP) in his keynote address said that the initiative would augment technological advancement in the […]

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SECP proposes amendments to prevent corporate money laundering
Feb 11
Stock & Commodity

SECP proposes amendments to prevent corporate money laundering

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has proposed amendments laws to prevent money laundering through corporate entities. A statement issued on Tuesday said that the SECP has issued a set of notifications, soliciting public consultation on drafts of amendments to the Companies (Incorporation) Regulations, 2017, Companies (General Provisions and Forms) Regulations, 2018, Foreign […]

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