The Securities and Exchange Commission of Pakistan (SECP) has introduced major capital market reforms featuring legal, structural, regulatory, operational, and product development initiatives for a robust and transparent capital market in the country. According to the details, the SECP’s capital market reforms are focused to ensure the provision of a complete eco-system desirable for capital …
The Punjab government has decided to end stamp papers which will shift the registration process of properties on white paper. A member of the Board of Revenue Babar Hayat Tarar said that the registration of properties will be completed on white paper by placing three barcodes on it. The decision will be made effective across …
Pakistan has the potential to increase its gemstone exports to $32 billion every year, claimed Chairman Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Qurban Ali. He said gemstone exporters must go for innovation and adopt modern technology to improve the value of precious and semi-precious stones to enhance competitiveness in the international market. …
Pakistan Can Increase Its Annual Gemstone Exports to $32 Billion: FPCCI Read More »
A host of reforms by the Securities and Exchange Commission of Pakistan (SECP) for the ease of doing business led to a corporate growth of 39 percent in February as compared to the same month last year. The Corporate Registrar had incorporated 2,257 new companies and startups in February, of which 99 percent were incorporated …
Reforms by SECP Led to 39% Growth in Registration of New Companies Read More »
To foster a beneficial and comfortable working environment for Pakistani women, the Securities and Exchange Commission of Pakistan (SECP) has asked listed companies to formulate and implement gender diversity policies to attract and retain talented women. Pakistan figures fairly low in the Global Gender Gap report index, prepared by the World Economic Forum, and there …
SECP Asks Listed Companies to Implement Gender Diversity Policies Read More »
Taking another step towards facilitating minority shareholders, the Securities and Exchange Commission of Pakistan (SECP) has proposed reducing turnaround time for payment of cash dividends to shareholders of listed companies from the existing 15 days to 3 working days only. The SECP has issued draft amendments to Companies (Distribution of Dividends) Regulations, 2017 to solicit …
SECP Proposes Quicker Turnaround Time for Cash Dividends Payment Read More »
The State Bank of Pakistan (SBP) has “modernised” foreign exchange (FX) regulations, a statement said Thursday, as the central bank aims at attracting foreign investment. The decision is a bid to: Attract foreign investment in fintech and startups through holding companies, Support exporters to establish a presence abroad to promote Pakistani products; and Allow …
The Securities and Exchange Commission of Pakistan (SECP) has directed all listed companies to facilitate virtual attendance of shareholders through electronic means, as a regular feature in annual general meetings (AGMs), through Circular No. 4 of 2021. The decision has been taken with the objective of ensuring the protection of minority shareholder’s interests, as well …
SECP Makes Shareholders’ Virtual Participation in AGMs a Permanent Feature Read More »