ISLAMABAD, November 21 2024: In a significant development for Pakistan’s pension sector, the Securities and Exchange Commission of Pakistan (SECP) has rejoined the International Organization of Pension Supervisors (IOPS) as a Governing Member. This strategic move reflects Pakistan’s determination to modernize its pension systems and align with global standards, ensuring sustainable retirement income solutions for…
ISLAMABAD, November 15, 2024: The Securities and Exchange Commission of Pakistan (SECP) has raised an urgent warning regarding a fraudulent trading platform operating under the name “Interactive Brokers Group (IBKR).” The platform, which has been circulating through social media and WhatsApp groups, is promising unsuspecting investors high returns from trading on both the Pakistan Stock…
ISLAMABAD, November 14, 2024: The Securities and Exchange Commission of Pakistan (SECP) has officially notified the Securities Managers (Licensing and Operations) Regulations, 2024 to facilitate the growth of investment advisory services in Pakistan’s securities market. These newly introduced regulations allow eligible securities brokers to provide portfolio management services by acquiring a license as a securities…
ISLAMABAD, November 13, 2024: The Securities and Exchange Commission of Pakistan (SECP) has reported the registration of 2,477 new companies in October 2024, raising the total number of companies in Pakistan to 233,587. This substantial growth highlights rising confidence in Pakistan’s corporate sector and a positive trend in its expansion. Continuing its focus on digitization,…
ISLAMABAD, November 11, 2024: The Securities and Exchange Commission of Pakistan (SECP) has announced a temporary deferment of the Expected Credit Losses (ECL) Model, under International Financial Reporting Standard (IFRS)-9 ‘Financial Instruments’, for companies holding financial assets directly or indirectly owed by the Government of Pakistan in connection with inter-corporate circular debt. This deferment extends…