SECP News

KARACHI: In its proposals for the upcoming budget, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) demanded steep cut in the rate of sales tax – standard 7 per cent, non-adjustable and non-refundable both for local and imported goods. The FPCCI stressed that high rate of sales tax is the root cause of […]

ISLAMABAD – In continuation of its recent crackdown on banks’ employees conducting insider trading, the Securities and Exchange Commission of Pakistan (SECP) has filed its fourth such criminal complaint in the Karachi sessions court against three employees of the bank and their accomplices. The employees accused of this grave offense were holding key positions as […]

ISLAMABAD – In line with its objectives of promoting good governance practices, ensuring investor protection and having skilled investment advisers. The Securities and Exchange Commission of Pakistan (SECP) has prescribed certification requirement for all those providing advisory services to capital market customers.  Such persons will be required to obtain the Financial Advisors Certification offered by […]

ISLAMABAD: Chairman Securities and Exchange Commission of Pakistan (SECP) Zafar Hijazi said on Tuesday that the commission was actively coordinating with the National Accountability Bureau (NAB) and Federal Investigation Agency (FIA) to check crimes in the capital market. “After two years of hard work, we can comfortably claim that no criminal can hide from the […]

ISLAMABAD – Chairman Securities and Exchange Commission of Pakistan (SECP) Zafar Hijazi said that wherever the SECP will find a financial crime, it will go after it. No financial criminal can hide from the SECP as it’s continuously watching the capital markets, he added. Addressing a press conference at SECP head office on Tuesday, Zafar […]

The Securities and Exchange Commission of Pakistan (SECP) on Monday announced it had arrested a “self-styled stock market guru” who influenced public sentiment through social media and earned millions of rupees through a so-called ‘pump and dump’ scheme. “In the wake of a sophisticated surveillance operation and a detailed investigation, the SECP has been able […]

ISLAMABAD –  The Securities and Exchange Commission of Pakistan (SECP) has amended the Public Sector Companies (Corporate Governance) Rules, 2013, after approval by the federal government. According to a statement issued by the SECP, a notification has been issued in this regard and the rules have been revised in view of the implementation experience as […]

SECP Public Notice

ISLAMABAD –  The Securities and Exchange Commission of Pakistan (SECP) has approved Securities and Futures Advisers (Licensing and Operations) Regulations, 2017 in line with its objective of fostering the growth of a capital market based on fairness and investor protection, and promoting transparency, standardisation and improved controls for the advisory business. The regulations have been […]

A US team of forensic investigators, who came to probe the March 2005 stock market crash, were baffled by the ‘badla’ system of share financing and took more than two months to understand it. Badla, also termed Carry-over Transaction (COT), was a unique system of stock markets found only in the sub-continent. It played a […]