ISLAMABAD: There is a need for the development of the derivatives market, which will enhance access to finance and improve price risk management, according to the annual report issued by the Securities andEXCHANGE  Commission of Pakistan (SECP) on Friday. In his message, SECP’s acting chairman Zafar Abdullah said a strong link needs to be established […]

ISLAMABAD – The Securities and Exchange Commission of Pakistan (SECP) has passed regulations concerning capital market, insurance and corporate governance in its meeting. In this regard, the commission approved the proposed amendments to the Motor Vehicles Act, 1939, for public consultation and to be disseminated by posting them on the SECP’s website as well as […]

ISLAMABAD: Interior Minister Chaudhry Nisar Ali Khan on Tuesday ordered the Securities and Exchange Commission of Pakistan (SECP) to carry out an audit of all foreign companies operating in Pakistan. The directives were issued following the receipt of the report of a joint investigation team (JIT) formed to probe the kidnapping of a Chinese couple […]

MULTAN: The government has failed to achieve the tax targets fixed for 2016-17 despite employing all tactics and delaying the issuance of refunds describing it concerning and discouraging. The parliament had approved unrealistic revenue targets in the previous budget, which could not be achieved even after realising advance taxes from corporate sector and delaying payment of […]

ISLAMABAD: Despite a legal provision under the SECP Act, 2016, the finance ministry has decided not to suspend or remove the chairman of the Securities and Exchange Commission of Pakistan, Zafar Hijazi, who addressed the SECP employees here on Wednesday, asking them to abide by the Commission’s code of conduct. An email was circulated late […]

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 […]