Islamabad, December 6, 2023 – The Securities and Exchange Commission of Pakistan (SECP) has taken an assertive stance in 2023, imposing a substantial monetary penalty of Rs 5.3 billion, according to the recently unveiled annual report.
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Pakistan Bans Cryptocurrency Advertisements to Curb Surrogate Marketing
Islamabad, November 21, 2023 – Pakistan has taken a decisive step in controlling the rise of surrogate advertisements related to cryptocurrency exchanges and betting platforms by imposing a ban on their promotion.
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SECP Unveils Ambitious Five-Year Plan to Propel Insurance Sector Premium to Rs 1.22 Trillion
Islamabad, November 14, 2023 – The Securities and Exchange Commission of Pakistan (SECP) is set to embark on an ambitious journey to elevate the premium of the insurance sector by approximately 130 percent, targeting a substantial increase from the existing Rs 533 billion to Rs 1.22 trillion within the next five years, concluding by fiscal year 2028.
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IT Sector Leads SECP Registrations in Pakistan during October 2023
In a noteworthy development, the Information Technology (IT) sector emerged as the frontrunner in corporate incorporation in Pakistan during the month of October 2023.
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Pakistan Bans 111 Social Media Apps Offering Online Loans with Interest
November 14, 2023 – Pakistan has banned 111 social media apps that were offering online interest based loans, said caretaker Interior Minister Sarfraz Bugti on Monday.
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SECP and FIA Sign MoU for Enhancing Security of Digital Financial System
Islamabad, November 6, 2023 – The Securities and Exchange Commission of Pakistan (SECP) and the Federal Investigation Agency (FIA) have formalized a memorandum of understanding (MoU) for enhancing the security of Pakistan’s digital financial system,
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SECP Highlights Significance of Digitalization in Meeting with Foreign Investors
Karachi, October 16 – The Securities and Exchange Commission of Pakistan (SECP) recently engaged with member companies of the Overseas Investors Chamber of Commerce & Industries (OICCI) in an interactive session to emphasize the importance of digitalization.
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Pakistan Reports Total Company Incorporations Reaching 202,892
Islamabad, October 12, 2023 –Securities and Exchange Commission of Pakistan (SECP) has reported that the total number of registered companies in Pakistan has reached 202,892 by the end of September 30, 2023.
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SECP Issues Warning Against Downloading Illegal Loan Apps via APK
Islamabad, October 3, 2023 – The Securities and Exchange Commission of Pakistan (SECP) has issued a stern warning to the general public concerning the downloading of Android Package Kit (APK) files of illegal loan apps.
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SECP Introduces Vital Amendments to Anti-Money Laundering Regulations
Islamabad, September 26, 2023 – The Securities and Exchange Commission of Pakistan (SECP) has taken significant steps to bolster its Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Regulations for 2020.
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