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. The move has come as an effort to further strengthen the supervisory cooperation, inter alia, in AML/CFT/CPF supervision at the financial group level. The …
SBP and SECP Revise Terms of Reference of Joint Task Force Read More »
In light of the commitment of the Securities and Exchange Commission of Pakistan (SECP) to promote capital formation and educate potential issuers and investors about different modes of financing and investment avenues, a Guidance Paper detailing the mechanics and elements for the issuance of Convertible Debt Securities (CDS) has been published. This paper is available …
SECP Publishes Guidance Paper on Convertible Debt Securities Read More »
Federal Board of Revenue’s Pakistan Customs Wing has introduced a new automated process in WeBOC system for scanning of containerized import consignments of industrial raw materials for their speedy clearance at ports. The introduction of a Non-Intrusive Inspection System by Customs was a long-awaited initiative aimed at replacing physical inspection of cargo and reducing …
FBR Introduces Automated Process for Scanning of Cargo Read More »
All provinces have been asked by the Drug Regulatory Authority of Pakistan (DRAP) to make sure doctors prescribe medicines with their generic names in the public and private sectors. DRAP gave the instructions after public complaints on the PM’s citizens’ portal against pharmaceutical companies and doctors’ collusion to rip off people through prescription and sale …
Pakistan’s Doctors To Prescribe Medicine With Generic Based Not On Brands: DRAP Read More »
The Federal Board of Revenue (FBR) has been receiving complaints from taxpayers and other users that they have been receiving emails regarding a list of income tax defaulters. It has issued a statement denying any connection with the emails in question that are being sent from a fake email address — alert@fbr.news. The emails instruct the …
The Securities and Exchange Commission of Pakistan (SECP) has issued a new procedure for the approval of capital expenditure and disposal of assets by the board of companies. The SECP has issued an S.R.O.449(I)/2021 here on Friday to issue draft amendments to the Companies (General Provisions and Forms) Regulations, 2018. In the case of a …
SECP Issues New Procedure for Approval of CapEx and Disposal of Assets by Companies Read More »
The overall output of Large Scale Manufacturing Industries (LSMI) output increased by 7.45 percent during the first eight months (July-February) of 2020-21 as compared to July-February 2019-20, as most of the major manufacturing sectors had posted growths. The LSMI QIM was recorded at 149.88 points during July-February 2020-21 against 139.49 points during the same period of …
Large Scale Manufacturing Industries Output Increased by 7.45% in 8 Months Read More »
The Securities and Exchange Commission of Pakistan (SECP), in its pursuit of end-to-end digitization of regulatory processes, has achieved another milestone with the launch of an online facility for the issuance of digitally certified true copies of statutory returns and mortgage register. The new initiative is in line with the government’s vision of a ‘Digital …