Thursday, December 8, 2022

SECP

SECP to close Nine companies involved in unlawful activities

Securities and Exchange Commission of Pakistan (SECP) has initiated legal proceedings to wind up at least nine companies dealing in cryptocurrencies and offering Ponzi/MLM, referral marketing, pyramid business/schemes. The SECP has advised public not to be misled by any schemes/deals/plans...

SECP issues FAQs on implementation of AML,CFT regime

The Securities and Exchange Commission of Pakistan (SECP) has published frequently asked questions (FAQs) on anti-money laundering/countering financing of terrorism (AML/CFT), providing answers to specific questions. The FAQs provide clarifications on the SECP AML/CFT Regulations, 2018, and on guidelines regarding...

SECP: Company registration up by 26 percent

The Securities and Exchange Commission of Pakistan (SECP) registered 1,290 new companies in February. As compared to the corresponding month of last financial year, it represents a growth of 26 percent raising the number of registered companies to 96,510. The...

Insurance sector: SECP to focus on market development and structural reforms

The insurance industry is changing in response to a wide range of social, technological and global economic forces. The last two decades have shown considerable growth in the life insurance sector due to emergence of new distribution channels such...

SECP holds awareness sessions on AML/CFT obligations

The SECP has conducted a series of five awareness sessions in Karachi, Lahore and Islamabad. The outreach sessions were held to share the findings of the National Terrorism Financing Risk Assessment with the financial institutions regulated by the SECP. These...

SECP chairman vows to remove regulatory impediments

The chairman Securities and Exchange Commission of Pakistan (SECP), Farrukh Sabzwari on Wednesday has initiated dialogue with leaders of business associations to have their perspective on the practical impediments faced by the corporate sector in implementing the Companies Act,...

SECP defers applicability of IFRS 9

The Securities and Exchange Commission of Pakistan (SECP) has deferred the applicability of the International Financial Reporting Standard (IFRS) 9 “Financial Instruments” for all companies required to prepare their financial statements in accordance with the requirements of IFRS. Through SRO...

SECP registers 1,317 new companies in January

In January, the Securities and Exchange Commission of Pakistan (SECP) registered 1,317 new companies. As compared to the corresponding month of last financial year, it represents a growth of 9 percent, raising the number of registered companies to over 95,000. The...

A big Thank You to FM and team, PSX need some more appetite to energise investors

Hammad Kehar, President, Munir Khanani, Vice President and the entire Managing Committee of PSX Stockbrokers Association are appreciative to the efforts of Asad Umer, Finance Minister, and Hammad Azhar, State Minister for Revenue, for presenting the Economic Reforms Package...

Pakistan to add IMF soon…

While the Economic Reform Package will take front seat on Jan 23rd, Asad Umer will keep IMF considerations on priority. The recent actions by ECC, news headline by IMF representative on bailout negotiations, and the meeting of US Senator Graham...
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Mehboob Shaikh organizes reception in the honor of Dr. Rahman

Senior journalist, author, and social worker, Mehboob Ali Shaikh held a reception in the honor of a known Psychologist...
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