Pakistan Customs, Tax, Shipping & Business News Resource
ISLAMABAD: As reported on June 30, 2020, the Non-bank Microfinance Companies (NBMFCs) have reschedule loans of worth Rs36billion of total 2,244,605 individuals and micro-enterprises. The SECP had relaxed the regulatory…
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), to facilitate mutual fund industry has issued a Master Circular for Asset Management Companies (AMCs) and Investment Advisor (IAs) consolidating all…
Karachi: Pakistan Stock Exchange (PSX), Mutual Funds Association of Pakistan (MUFAP) and the Capital Market entities and participants are appreciative of the Ministry of Finance, the Director General (Debt), DPCO,…
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued draft Professional Clearing Members (PCM) Regulations, 2020 for public consultation. Professional clearing members denotes the concept of a third…
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued the draft of SEC (Reinsurance Brokers), Regulations 2020 for soliciting public comments. Reinsurance broking refers to arrangement of reinsurance…
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) strongly condemns the terrorist attack at Pakistan Stock Exchange (PSX) and expresses its grief and sorrow on the loss of precious…
ISLAMABAD: To provide mutual fund industry further relief in fulfilling regulatory compliance requirements during COVID-19 pandemic, the Securities and Exchange Commission of Pakistan (SECP) has extended the timeline for Asset…
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has been re-elected to the International Organization of Securities Commissions (IOSCO) Board for the fifth consecutive term of 2020-2022. IOSCO is…
Karachi: Members of PSX Stockbrokers Association (PSA) and other participants of Capital Market are dismayed over the neglect of the Capital Market by the Federal Government in the budget for…
ISLAMABAD: The SECP’s permission to non-bank microfinance companies (NBMFCs) to reschedule the loan portfolio not only helped NBFCs to adjust their portfolio at risk but also resulted in extending relief…
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has constituted a working group of actuaries for the development of Risk Based Capital Regime in Pakistan. The group members possess…
ISLAMABAD: The SECP, to facilitate companies and ensure health and safety of all concerned, has decided to conduct Appellate Bench hearings through video conferencing where parties i.e. Appellant and Respondent…
Karachi: The Overseas Investors Chamber of Commerce and Industry (OICCI), has felicitated the SECP on the Companies (Amendment) Ordinance, 2020 promulgated on April 30th. The Chamber, along with other leading…
ISLAMABAD: To facilitate not-for-profit companies in the wake on ongoing corona pandemic, the Securities and Exchange Commission of Pakistan (SECP) has relaxed the time period for renewal of license, issued…
ISLAMABAD: The SECP, to ensure continuity of its adjudication function, while keeping the health and safety of respondents at forefront, has decided to conduct hearings through video conferencing facility where…
ISLAMABAD: To facilitate insurance policyholders in current challenging times, the Securities and Exchange Commission (SECP) has asked insurance companies to waive non-mandatory requirements for claims processing. SECP has also advised…
ISLAMABAD: The Securities and Exchange Commission of Pakistan has proposed amendments to the Credit & Suretyship (Conduct of Business) Rules, 2018 for the insurance sector. The draft amendments have been…
ISLAMABAD: President Dr Arif Alvi has approved amendments in Companies Act 2017 to provide an enabling regulatory framework to facilitate startups in Pakistan. These amendments were proposed by the Securities…
Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has notified draft Corporate Insurance Agents Regulations, 2020 for eliciting public comments. Proposed Regulations aim at strengthening the regulatory regime for…
ISLAMABAD: In light of the outbreak of COVID-19 (Coronavirus), the Securities and Exchange Commission of Pakistan (SECP) has advised non-life insurance companies to grant one month free of cost extension…