ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) Friday issued guidelines for the issuance of green bonds in Pakistan. The Guidelines provide an easy and efficient procedure for issuance with a concise offer document/prospectus. All issuers who are eligible to issue debt securities, including Sukuk either by way of a public offer or private […]
SECP
SECP warns companies against illegal deposit taking from public
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has clarified that mere registration of a company with SECP did not authorize it to seek deposits from the general public. Deposit taking by companies other than banking companies is illegal in terms of section 84 of the Companies Act 2017, said a press release issued […]
Dollar gains another 34 paisas in interbank
KARACHI: The exchange rate witnessed some fluctuation during the first day of the week on Monday but it remained in favour of the dollar which closed with the 34-paisa gain in the interbank market. The market saw the dollar reaching as high as Rs153.70 in intraday trade at closing 14, compared to Friday’s value of […]
Swati fingers at railway officers, police in illegal land occupation
ISLAMABAD: Minister for Railways Azam Khan Swati on Monday said that the Pakistan Railways will come out of heavy losses within the period of six to nine months. Addressing a press conference, he said that he has been in the Ministry of Railways for the last five months and it has become a for-profit institution […]
Tax reform suggestions for budget 2021-2022
Finance Minister Shaukat Tarin on May 3, 2021 gave a policy statement on the economy and the IMF conditions, stating that, “IMF did injustice to Pakistan by asking the government of Pakistan to increase its electricity tariff, in order to reduce the circular debt, because this price hike is increasing inflation, had stopped the economy […]
SECP launches awareness video series
The Securities and Exchange Commission of Pakistan (SECP) has launched its first investor awareness video series, based on seven themes: capital market, commodities market, Islamic finance, insurance, mutual funds, anti-money laundering/CFT and company incorporation, through its JamaPunji web portal, Twitter and Facebook platforms. The launch is aimed at embracing the digitalization wave and use the […]
FATF asks Pakistan to document all gold purchases in country
The Financial Action Task Force (FATF) has reportedly handed over to Pakistan a new set of recommendations to boost its fight against financial crimes in the country, especially the terror financing. Pakistan is set to submit in the coming days its compliance report to the FATF on the action plan outlined during the last meeting […]
Record-tampering case: IHC agrees to hear ex-SECP chief’s petition
ISLAMABAD: The Islamabad High Court (IHC) agreed on Thursday to hear former Securities and Exchange Commission of Pakistan (SECP) chairman Zafar Hijazi’s petition against dismissal of his acquittal plea in a special court on charges of a record-tampering case related to Chaudhry Sugar Mills. A case was registered against Hijazi on the orders of the […]