SECP | Pakistan

The Securities and Exchange Commission of Pakistan (SECP) has launched a major initiative to simplify and speed up the process of opening corporate bank accounts for startups and newly registered companies.

ISLAMABAD: The Pu­­blic Accounts Committee (PAC) on Tuesday expr­es­sed shock over reports that the chairman of the Secu­rities and Exchange Com­mission of Pakistan (SECP) was drawing an annual salary of Rs41 million. PAC Chairman Junaid Akbar Khan questioned how a country facing economic hardships could afford such packages. “Is the board free to fix salaries at its own discret­i­­on without seeking appro­­v­­al from anyone?” he asked. The chairman directed the finance division to provide details of the matter in the next meeting, to be held today (Wednesday), along with a list of how many other chairmen in various institutions were drawing salaries in the hundreds of millions. The PAC also reviewed an audit objection regarding the non-recovery of Rs1.66 billion from the Karachi Country Club. Members recalled officials had assured the committee that the case had been decided in government’s favour, the land taken over, and payments cleared, but fresh claims contradicted those statements, with officials admit...

The Securities and Exchange Commission of Pakistan (SECP) has approved the operationalization of the Capital Market Development Fund (CMDF) aimed at enhancing financial literacy and creating greater public awareness about investment opportunities.

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has achieved a historic milestone by registering a record 4,065 companies in July 2025—the highest monthly registrations to date, surpassing the previous record of 3,609 set in May 2025. The SECP noted that 99.9% of incorporations were processed digitally, reflecting continued progress in streamlining regulatory procedures […]