SECP News

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) participated in the 2017 Women Entrepreneurship Conference (WECON) to spread awareness among women entrepreneurs through its investor awareness programme `Jamapunji’. The event, held at the Higher Education Commission auditorium, was attended by entrepreneurship ecosystem builders, incubators, accelerators, government bodies as well as fresh start-ups. The day-long event […]

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 […]

KARACHI –  Securities and Exchange Commission of Pakistan (SECP) Chairman Zafar Hijazi visited the Pakistan Stock Exchange Limited (PSX) on Friday and met members of the Board of Directors of PSX including representative of the Chinese consortium. On the occasion, the SECP chairman was accompanied by senior officers of the SECP. During meeting with the […]

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has decided to approach the Financial Conduct Authority (FCA) of the United Kingdom regarding the misappropriation of funds and illegal deposit-taking by Mazhar Rafiq of M.R. Securities, a broker who recently defaulted and fled the country. The move by the SECP is likely to curb further […]

Secutities and Exchange Commission  of Pakistan (SECP) has come down hard on the illegal practice of in-house badla financing and it has been confirmed that various brokers including well-reputed brokerage houses have been very critically inspected having asked to clarify their position in relation to trading practices that indicate in-house badla financing. Despite the banning […]

ISLAMABAD –  In order to spread awareness through its investor education programme ‘Jamapunji’, the Securities and Exchange Commission of Pakistan (SECP) in collaboration with the Higher Education Commission (HEC) on Wednesday conducted an awareness and facilitation session for senior professionals of HEC-recognised universities of the Karachi region. The seminar was conducted by senior subject matter […]

KARACHI: The stock market remained spellbound on Wednesday and the KSE-100 index finished flat with loss of 33.44 points (0.07 per cent) to close at 48,981.65. The market opened on a positive note, reaching an intra-day high of 316 points (0.64pc). While the bourse traded green for most of the day, news broke of the […]

ISLAMABAD –  The recent reforms and strengthening of regulatory framework by the SECP have pushed up the modaraba sector asset base to Rs41 billion by end of December 2016. The increase in the assets indicates a growth of 11.41 percent from the June 2016, when the total assets of the modaraba sector were recorded at […]

ISLAMABAD –  Securities and Exchange Commission of Pakistan (SECP) Chairman Zafar Hijazi has instructed his team to prepare a comprehensive plan in the shortest possible time for the promotion of investment activities in Gilgit Baltistan. He was talking to a delegation from Karakoram Cooperative Bank Ltd (KCBL), headed by Iqbal Hassan, who is also the […]

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified amendments to Rule-6 of the Small Dispute Resolution Committees (Constitution and Procedure) Rules, 2015, in exercise of the powers conferred under Section 117 of the Insurance Ordinance, 2000. The limits of disputes being arbitrated by the SECP as prescribed under the rules were quite […]