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Tag Archives: Securities and Exchange Commission of Pakistan

Implementation date of public sector companies (corporate governance) rules, 2013 extended

Islamabad, July 26 2013 (PPI-OT): The federal government has extended the date of implementation of the 2013 Public Sector Companies (Corporate Governance) Rules, 2013 to August 8, 2013. The rules issued by the Securities and Exchange Commission of Pakistan to provide a governance framework for the public sector companies are aimed at turning around their […]

Securities and Exchange Commission of Pakistan introduces Online Financial Reporting System for TREC Holders/Brokers

Islamabad, April 19, 2013 (PPI-OT): In continuation of its efforts to strengthen the surveillance of equity markets, the Securities and Exchange Commission of Pakistan (SECP) has introduced online Financial Reporting System for the TREC holders/Brokers of the three stock exchanges. From July 2013 onwards, all TREC holders/brokers will be required to file their financial information […]

Securities and Exchange Commission of Pakistan initiates criminal proceedings against Muhammad Ahmed Nadeem Securities Private Limited

Islamabad, April 18, 2013 (PPI-OT): The Securities and Exchange Commission of Pakistan (SECP) has filed a criminal complaint in the competent court of law against Mr. Muhammad Ahmed Nadeem, chief executive and shareholder of Muhammad Ahmed Nadeem Securities (Pvt) Ltd, an ex-member of Islamabad Stock Exchange, and Mr. Muhammad Ahmed Janjua company secretary under section […]

Securities and Exchange Commission of Pakistan straightens out public sector insurance entities

Islamabad, April 11, 2013 (PPI-OT): The SECP, the apex insurance regulator of the insurance sector, took stock of the irregularities at the NICL due to the absence of the board of directors for the last three years. Consequently, in March 2013 the Ministry of Commerce issued a notification whereby a full functioning board of directors […]

Pakistan to host South Asian Association for Regional Cooperation insurance regulators’ conference – Press Note issued by Securities and Exchange Commission of Pakistan

Islamabad, April 11, 2013 (PPI-OT): Following is the text of press note issued by Securities and Exchange Commission of Pakistan (SECP) Quote The two-day SAARC insurance regulators conference organized by the Insurance Development and Regulatory Authority (IDRA), Bangladesh, on April 6-7, 2013, at the Bangabandhu International Conference Centre, Dhaka, on the theme “The Way Forward […]