FIA initiates enquiry into illegal tax refunds
KARACHI: The Federal Investigation Agency (FIA) has initiated enquiry into the allegations of corruption, bribery and illegal approval of tax refunds to large taxpayer companies by the officers of LTO…
Companies endorsed by KATI to receive immediate licenses, Agha Fakhr Hussain A 50% discount on world standard tests conducted at the lab, announced by DG Sindh Food Authority
Members to be informed about licensing details and the discount on lab tests is highly appreciated, KATI President Johar Qandhari: KARACHI: Director General of Sindh Food Authority (SFA), Agha Fakhar…
SECP amends the Companies Further Issue of Shares Regulations, 2020
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced amendments to the Companies (Further Issue of Shares) Regulations, 2020. The amendments have been carried out after thorough consultation…
Court issues arrest warrants for smugglers and their accomplices
KARACHI: The Customs, Taxation and Anti-Smuggling Court in Karachi has issued arrest warrants for several people involved in smuggling and trading of betel nut and other goods. The court has…
SECP Proposes Simplified Process for All Right Issues
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified draft amendments to the Companies (Further Issue of Shares) Regulations, 2020, for eliciting public opinion. The amendments are aimed…
SECP introduces Shariah Governance Framework 2023
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified the Shariah Governance Regulations, 2023, revamping the regulatory framework by combining and repealing the earlier Shariah Governance Regulations, 2018…
SECP amends regulations for election of independent directors and female directors
ISLAMABAD: To address practical difficulties faced by the listed companies in election of directors, and to promote diversity in boards of the companies, the Securities and Exchange Commission of Pakistan…
Implement order in a week, orders SHC Custom Appellate bench
KARACHI: The Collector Port Qasim, Feroz Alam Junejo was ordered to implement within a week, an order in respect of two consignments of White Spirit and Xylene imported by two…
SECP launches online portal for easy exit of defunct companies’
ISLAMABAD: The SECP, to facilitate the closure of companies, has launched an online portal of Companies Easy Exit Scheme, automating and simplifying the process of easy exit. Section 426 of…
SECP issues guidelines to facilitate conduct of general meetings
ISLAMABAD: The Securities and Exchange Commission of Pakistan has issued two set of guidelines to facilitate and standardize the role of officers of listed companies and use of technology during…
SECP asks companies to file Beneficial Ownership Declaration
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has asked companies to submit information of their ultimate beneficial owners (UBOs) through filing of Form 45, required under Section 123A…
SECP Approves Framework for Direct Listing of Companies at PSX
ISLAMABAD: In continuation of its efforts for creating an enabling eco-system to improve capital formation in the country, the Securities and Exchange Commission of Pakistan (SECP), in coordination with Pakistan…
SECP seeks comments on conversion of shareholding into book entry form
ISLAMABAD: In order to minimize shareholding disputes and make the entire process of holding, monitoring and transferring of shares much easier, cost-efficient and transparent, the SECP is considering a proposal…
SECP automates Ultimate Beneficial Ownership Form for companies
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has launched a facility on its eService portal for online submission of statutory Form-45, required to submit the declaration of ultimate…
SECP issues Circular enabling Startups to raise Capital against Property & Other Assets
ISLAMABAD: With the foremost aim to support entrepreneurship and improve business climate for small businesses, particularly startups and potential investors, SECP issued a circular explicitly allowing private companies to raise…
SECP asks listed companies to implement gender diversity policies; issued circular
ISLAMABAD: In order 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…
Chairman SECP Reaffirms Commitment to Facilitate Businesses
Islamabad: The Securities and Exchange Commission of Pakistan (SECP), as part of its efforts to promote ease of doing business through meaningful stakeholder engagement, held an interactive virtual session with…
SECP’s awareness drive for promotion of Housing Finance Companies
Islamabad: As part of SECP’s initiative for promoting Housing Finance Companies (HFCs) in Pakistan, SECP organized a webinar in collaboration with Pakistan Mortgage Refinance Company (PMRC) and International Finance Corporation…
Fatima Gobi ventures announces first batch of companies for Techxila fund
Pakistani venture capital firm Fatima Gobi Ventures has announced the five startups that have received funding from their maiden fund, Techxila Fund I, which was announced late last year. The…
SECP ask companies to divert CSR activities for COVID-19 prevention
ISLAMABAD: The SECP, as corporate sector regulator, advised all companies to divert their Corporate Social Responsibility (CSR) activities and budget for COVID-19 prevention, detection and cure including by generously contributing…