SECP Policy Board directs Commission to reduce fees
ISLAMABAD: The SECP Policy Board met in Islamabad on Wednesday at the SECP head office under the chairmanship of Professor Khalid Mirza. On the recommendation of its Regulations Committee, the…
SECP warns public against investing in Reliable Estate
ISLAMABAD: It has come to the knowledge of the Securities and Exchange Commission of Pakistan (SECP) that in the name of Reliable Estate an anonymous person is engaged in unauthorized…
SECP tells intermediaries to ensure AML/CFT due diligence
ISLAMABAD: In the light of recommendations made by Financial Action Task Force (FATF), an intergovernmental body formed to coordinate efforts on anti-money laundering and countering financing of terrorism (AML/CFT), the…
SECP holds session on Malaysia’s capital market framework
ISLAMABAD: The SECP’s Investor Education Department held an in house session on ‘capital market framework in Malaysia’ on Monday for its employees by a board member of CFA Institute (Global)…
1,060 new companies registered in November 2018
ISLAMABAD: In November 2018, the Securities and Exchange Commission of Pakistan (SECP) registered 1,060 new companies. Ascompared to the corresponding month of last financial year, it represents a growth of…
Need to connect microfinance sector with capital markets emphasized
ISLAMABAD: It is vital to connect the microfinance sector with capital the markets to enable the sector to meet it growth trajectory and to support government’s vision of creating jobs…
SECP launches awareness drive about modaraba
ISLAMABAD: The SECP has launched an awareness campaign about the business model of modaraba and modaraba management companies, regulated by it, its salient features, recent initiatives and the performance of…
SECP revamps regulatory framework for real estate investment trusts
ISLAMABAD: In continuation of its efforts to foster growth of real estate investment trusts (REITs), the SECP has revamped regulatory framework by introducing significant amendments to the Real Estate Investment…
SECP issues practices guide for conducting meetings
ISLAMABAD: The Securities & Exchange Commission of Pakistan (SECP) has issued a practices guide for conducting meeting of board of directors and general meeting. The guide is recommendatory in nature,…
SECP signs MOU for development of Islamic finance
ISLAMABAD: The Securities & Exchange Commission of Pakistan (SECP) signed a Memorandum of Understanding (MOU) with three centers of excellence in Islamic finance, i.e., LUMS, IBA and IMS at the…
Over 500 professionals attend SECP sessions on anti-money laundering, counter terror financing
ISLAMABAD: More than 500 professionals from the securities and commodities market, insurance sector, non-banking financial institutions (NBFI) and the Securities and Exchange Commission of Pakistan (SECP) have attended 20 awareness…
SECP starts winding up proceedings against two companies
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has initiated legal proceedings for winding up against M/s Gold Transmit Network Technology (Pvt) Limited, and M/s Green Apple Super Market…
SECP rationalizes requirement to maintain ultimate beneficial ownership information by the companies
ISLAMABAD: In an effort to further streamline the procedure for obtaining and maintaining ultimate beneficial ownership information by the companies, the SECP has specified a threshold of 10% for the…
PSX receives overwhelming response to its invitation for expression of interests
KARACHI: Pakistan Stock Exchange Limited (Formerly: Karachi Stock Exchange Limited) has received an overwhelming feedback from foreign as well as local investors in response to its invitation for Expression of…
SECP for creating investor awareness and expanding outreach of capital market
KARACHI: The Consultative Group on Capital Markets has held its third meeting under the chairmanship of Mr. Zafar Hijazi, the SECP chairman, in Karachi. The group stressed upon the need…
Chairman FBR congratulates Large Taxpayers Unit
KARACHI: Chairman Federal Board of Revenue (FBR) has lauded the performance of the officers of Large Taxpayers Unit (LTU) for crossing Rs1.0 trillion revenue collection mark. Addressing a press conference…
New fully automated sales tax return filing system from July 01
KARACHI: Secretary Policy FBR Raja Vishnu Qavi has said a new fully automated sales tax system is being implemented from July 01, 2016, which would reduce post-filing discrepancies. “We expect…
Avoidance of double taxation and prevention of fiscal evasions
KARACHI: The Finance Bill 2016 proposes to enable the Federal Government to enter into a tax treaty or tax information and exchange agreement or multilateral convention or inter government agreement…
NA Committee on Finance visits RTO Karachi; invites recommendations to increase revenue collection
KARACHI: The National Assembly Standing Committee on Finance headed by Qaiser Ahmed Shaikh visited the Regional Tax Office (RTO) on Friday and advised the Chief Commissioners to furnish concrete and…
SECP revokes license of Rawalpindi-Islamabad Customs Agents Association
KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has revoked the license of Rawalpindi-Islamabad Customs Agents Association for not complying with the rules of law. The Commission has also…