ISLAMABAD – Pakistan is on the verge of regulating cryptocurrencies and digital assets, as the government reviews a comprehensive draft law aimed at setting the legal and operational framework for the sector. In a high-level meeting chaired by Finance Minister Senator Muhammad Aurangzeb, key stakeholders—including heads of the State Bank of Pakistan (SBP), Securities and […]
Securities and Exchange Commission of Pakistan (SECP)
SECP releases concept paper to regulate algorithmic trading in Pakistan
The Securities and Exchange Commission of Pakistan (SECP) has unveiled a new Concept Paper titled “Regulating Algorithmic Trading in Pakistan”, marking a significant step towards fostering innovation in financial markets while ensuring investor protection and market integrity. This initiative comes as algorithmic trading gains global prominence for its ability to increase speed and efficiency in […]
Pakistan’s SECP alerts companies on increasing cybersecurity risks
In light of the escalating cybersecurity risks linked to the current geopolitical situation, the Securities and Exchange Commission of Pakistan (SECP) has issued a comprehensive cybersecurity advisory for all companies operating in the country. The advisory, released recently, stresses the importance of adopting advanced cybersecurity measures to mitigate potential risks to business operations. The SECP’s […]
SECP proposes major overhaul to empower industry associations as self-regulators
ISLAMABAD – The Securities and Exchange Commission of Pakistan (SECP) has proposed a bold new framework to transform industry associations into Self-Regulatory Organizations (SROs) to strengthen the country’s financial sector. The SECP unveiled a Consultation Paper that introduces a set of standard principles for the recognition and conduct of industry associations. The goal is to […]
Bhojani accused of fraud by second fertiliser company
KARACHI: Muhammad Rafiq Bhojani who is currently in the Federal Investigation Agency’s custody facing charges of fraud and manipulation has been accused by another fertisliser company for illegally transferring shares using fraudulent tactics including fake signatures. Nawaz Mumtaz, who is a shareholder and director of fertilizer company Cactus Fertilizers Private Limited has complained to the […]