Islamabad, March 18 – The Securities and Exchange Commission of Pakistan (SECP) has taken a significant step in regulating the digital lending sector by issuing comprehensive guidelines for Non-Banking Financial Companies (NBFCs) engaged in digital lending activities.
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Pakistan Takes Bold Action Against Stock Market Manipulation
Islamabad, March 7, 2024 – In a resolute and far-reaching move, Pakistan has unleashed a barrage of stringent measures against individuals allegedly involved in manipulating the stock market.
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SECP Company Registrations Reach 212,108 by January 2024
Islamabad, February 20, 2024 – The Securities and Exchange Commission of Pakistan (SECP) has reported a substantial increase in company registrations, reaching a total of 212,108 by the end of January 2024.
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PTBA Urges SECP to Revamp Guidelines for Procedural Alleviation
Karachi, February 7, 2024 – The Pakistan Tax Bar Association (PTBA) has fervently called upon the Securities and Exchange Commission of Pakistan (SECP) to proactively update its guidelines and eliminate procedural hurdles, fostering a more conducive environment for all facets of the business realm.
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SECP Seeks Public Input on Shariah Audit Standards
Islamabad, February 3, 2024 – The Securities and Exchange Commission of Pakistan (SECP) has taken a significant step towards the comprehensive adoption of Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) standards by inviting public comments on its new strategy.
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SECP Imposes Monetary Penalties of Rs 5.3 Billion in 2023
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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