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 capital by receiving immovable property, intangible assets and services from investors. SECP also clarified that the private companies can raise… Continue reading

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 gender diversity policies to attract and retain talented women. Pakistan figures fairly low in the Global Gender Gap report index,… Continue reading

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 representatives of Overseas Investors Chambers of Commerce & Industry (OICCI). The session was chaired by the Chairman SECP, Aamir Khan,… Continue reading

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 (IFC). Speaking at the occasion, Farrukh Sabzwari, SECP Commissioner for Specialized Companies, highlighted the significance of the housing finance sector,… Continue reading

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 companies boast experienced founders in their management teams and operate in a variety of industries from e-commerce, travel, FinTech SaaS… Continue reading

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 towards research and development activities related to the COVID-19. SECP invites attention of companies’ board of directors toward their social… Continue reading

SHC disposes ten petitions filed by importers against Post Clearance Audit under invoicing, money laundering allegations against petitioner companies

KARACHI: Ten constitutional petitions filed by dozens of importers against  post clearance audit objections and subsequent probable proceedings were disposed of by a customs appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Mahmood A Khan after statement by top officials of Post Clearance… Continue reading

SECP proposes amendments in laws to prevent misuse of corporate entities for money laundering

ISLAMABAD, February 11: In an attempt to improve the standards of transparency and to prevent misuse of corporate entities for money laundering, the Securities and Exchange Commission of Pakistan (SECP) has proposed certain amendments to the laws and regulations. In this regard, the SECP has issued a set of notifications,… Continue reading

Securities & Exchange Policy Board Eases Companies (Further Issue of Shares) Regulations, 2018

ISLAMABAD: The Securities and Exchange Policy Board met in Islamabad at the SECP Headquarters under the Chairmanship of Professor Khalid Mirza. The Policy Board approved changes in the Companies (Further Issue of Shares) Regulations, 2018 to facilitate capital formation and provisions whereby the Commission could impose conditions on further issue… Continue reading

SHC adjourns Regulatory Duty cases till Oct 16 DAG asked to bring the format of approval by the Federal government

KARACHI: An appellate bench of High Court of Sindh (SHC) directed a federal law officer to place before the court the format, minutes of the Cabinet or Agenda for approving imposition of tax, duty or other levies. The bench was hearing identical petitions filed by Noor Enterprise and Hikmat Traders… Continue reading