SECP proposes exemption of additional CGT on foreign investors

Jun 9

SECP proposes exemption of additional CGT on foreign investors

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has recommended exemption of additional capital gain tax (CGT) on disposal of shares in case of foreign investors, who are not on the Active Taxpayers List (ATL). The SECP submitted tax proposals for budget 2021/2022 to the Federal Board of Revenue (FBR). The SECP submitted following […]

by Mrs. Anjum Shahnawaz

SECP suggests measures to document real estate sector

Jun 9

SECP suggests measures to document real estate sector

ISLAMABAD: Securities and Exchange Commission (SECP) has submitted its tax proposals for budget 2021/2022 for documenting real estate sector and promotion of Real Estate Investment Trusts (REITs). The SECP submitted following suggestions for documenting real estate sector and promotion of REITs: (i) Reduce tax on dividend from REITs from 25 percent to 15 percent to […]

by Mrs. Anjum Shahnawaz

Company incorporation increases to 143,416: SECP

Jun 4

Stock & Commodity

Company incorporation increases to 143,416: SECP

ISLAMABAD: Total number of companies registered with the Securities and Exchange Commission of Pakistan (SECP) has increased to 143,416 with new incorporation of 1,597 in May 2021, a statement said on Friday. According to the statement SECP registered 1,597 new companies in May 2021, witnessing a growth of 107 percent as compared to corresponding period […]

by Mrs. Anjum Shahnawaz

SECP company registration increases to 141,805

May 5

Stock & Commodity

SECP company registration increases to 141,805

ISLAMABAD: The total number of registered companies with the Securities and Exchange Commission of Pakistan (SECP) with addition of 2,185 new company registration in April 2021, a statement said on Wednesday. The SECP said that the company registration has been increased by 186 percent in April 2021 as compared with the same month of the […]

by Mrs. Anjum Shahnawaz

SECP proposes amendments to introduce special purpose acquisition company

Apr 29

Stock & Commodity

SECP proposes amendments to introduce special purpose acquisition company

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to introduce concept of Special Purpose Acquisition Company (SPAC). A statement issued on Thursday stated that to introduce the SPAC, the SECP has proposed amendments to the Public Offering Regulations, 2017 to solicit public comments. SPAC is a new concept for Pakistan’s capital […]

by Mrs. Anjum Shahnawaz

SBP, SECP revise ToRs for joint task force

Apr 22

Money & Banking

SBP, SECP revise ToRs for joint task force

KARACHI: The State Bank of Pakistan (SBP) and the Securities and Exchange Commission of Pakistan (SECP) have amended the Terms of Reference (ToRs) of their Joint Task Force (JTF) on Financial Conglomerates to further strengthen the supervisory cooperation, inter alia, in AML/CFT/CPF supervision at financial-group level. Dr, Reza Baqir, Governor, SBP and Aamir Khan, Chairman, SECP have signed […]

by Mrs. Anjum Shahnawaz

SECP’s guidelines for convertible debt securities

Apr 21

Stock & Commodity

SECP’s guidelines for convertible debt securities

ISLAMABAD: Securities and Exchange Commission (SECP) on Wednesday notified guidelines for issuance of convertible debt securities in Pakistan through both private placement and public offering mode. The SECP issued the following guidelines: Steps involved in Private Placement: i. Requisite approval under section 83 of the Companies Act, 2017 for further issue of share capital in […]

by Mrs. Anjum Shahnawaz

SECP issues list of persons for issuance of instruments

Apr 20

Stock & Commodity

SECP issues list of persons for issuance of instruments

ISLAMABAD: Securities and Exchange Commission (SECP) on Tuesday issued a notification to revise previous SRO regarding list of persons to whom any instrument in the nature of ‘redeemable capital’ may be issued by a company. The SECP notified the following persons to whom any instrument in the nature of “redeemable capital” may be issued by […]

by Mrs. Anjum Shahnawaz

SECP warns Sindh Bank against false trading

Apr 12

Money & Banking, Stock & Commodity

SECP warns Sindh Bank against false trading

KARACHI: Securities and Exchange Commission of Pakistan (SECP) has identified false trading by Sindh Bank Limited (SBL) and warned the bank against such activities in future. The SECP said that with reference to correspondence exchanged between SECP and the bank regarding various trades carried out by SBL in ready market during the period from January […]

by Mrs. Anjum Shahnawaz

Total registered companies increase to 139,620; 85pc filing annual return

Apr 9

Stock & Commodity

Total registered companies increase to 139,620; 85pc filing annual return

ISLAMABAD: The total number of registered companies with Securities and Exchange Commission of Pakistan (SECP) has reached to 139,620, a press release said on Friday. Out of the total registered companies, 118,280 companies are active, which accounts for 85 percent of total companies which are filling their annual returns, it added. The SECP said that […]

by Mrs. Anjum Shahnawaz