Pakistan News

    Secp Pakistan Gmit

  • SECP proposes withdrawal of tax on bonus shares

    ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed the Federal Board of Revenue (FBR) to withdraw 5 per cent tax on bonus shares and applicability of current capital gains tax (CGT) as well as elimination of federal excise duty (FED) on mutual funds...

    The SECP has said that these measures would help curtail the loopholes in taxation regime...

  • SECP head’s appointment challenged

    ISLAMABAD: The Islamabad High Court (IHC) issued notices to the federal government on Tuesday, asking it to submit replies to questions raised in a petition challenging the appointment of Zafarul Haq Hijazi as chairman of the Securities and Exchange Commission of Pakistan (SECP)...

    Mr Hijazi had earlier served as commissioner of the SECP from 1999 to 2003...

  • SECP approves first REIT fund

    KARACHI: The Securities and Exchange Commission of Pakistan (SECP) on Wednesday gave approval for Dolmen City REIT, the country’s first Real Estate Investment Trust (REIT) Fund...

  • Strict code of conduct for SECP employees

    ISLAMABAD: Under a strict code of conduct introduced on Tuesday, all the serving and retired senior officers of the Securities and Exchange Commission of Pakistan (SECP) have been barred not only from politics but also befriending any stakeholder...

    The SECP Policy Board approved the code of conduct for the employees that was put it into effect immediately...

  • SECP forms consultative group

    ISLAMABAD: The Secur­ities and Exchange Comm­ission of Pakistan (SECP) has constituted a 15-member ‘Consultative Group’ to help the regulator for development of capital markets...

    “The group will recommend way forward for the development of capital markets,” the SECP spokesman said, adding that it will act as an independent think tank for important policy decisions for making the capital market vibrant, robust and the preferred mode...

  • Court orders SECP to make Hassan, Hussain's shares in companies part of case record

    An accountability court in Islamabad on Tuesday ordered the Securities and Exchange Commission of Pakistan (SECP) to attach the shares held by ousted prime minister Nawaz Sharif's sons — Hussain and Hassan Nawaz — in various companies in Pakistan...

    On Tuesday, NAB prosecutor Afzal Qureshi submitted to the court a report detailing assets held by Hassan and Hussain in Pakistan...

  • SECP sends money laundering case against Chinese firm to FIA

    ISLAMABAD: After facing the heat from both Pakistani and Chinese authorities for more than seven months, the Securities and Exchange Commission of Pakistan (SECP) on Wednesday forwarded a case of alleged money laundering by a Chinese company to the Federal Investigation Agency...

    The case is among the most complicated issues faced by the SECP and the commission has remained secretive about the matter for a long time...

  • SECP ex-chairman Hijazi's acquittal plea dismissed in Chaudhry Sugar Mills record tampering case

    A special court of the Federal Investigation Agency (FIA) on Friday dismissed former Securities and Exchange Commission of Pakistan (SECP) chairman Zafar Hijazi's acquittal plea in the Chaudhry Sugar Mills record tampering case...

    Hijazi pleaded not guilty, as his lawyer argued that statements taken from an SECP employee were not sufficient to run a trial on ? a view that the prosecutor opposed...

  • Ex-SECP chief Zafar Hijazi indicted for tampering record of Sharif family's mills

    A special court of the Federal Investigation Agency (FIA) indicted former Securities and Exchange Commission of Pakistan (SECP) chairman Zafar Hijazi for tampering with records related to the Sharif family's Chaudhry Sugar Mills on Friday...

    Hijazi was taken into FIA custody earlier this year after a report released by the Panama Papers case joint investigation team (JIT), probing then prime minister Nawaz Sharif and his family's...

  • SECP notifies draft code of corporate governance

    ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified the draft Listed Companies (Code of Corporate Governance) 2017, under the newly promulgated Companies Act 2017...

    The said regulations have also been placed on the SECP’s website to seek public comments within 14 days...

  • SECP set to freeze shareholdings of Sharif’s sons

    ISLAMABAD: Even before receiving court directives, the Securities and Exchange Commission of Pakistan (SECP) has started preparations to freeze shareholdings of the sons of deposed prime minister Nawaz Sharif...

    The court had ordered freezing of shares held by Hussain and Hassan Nawaz in six companies, but the SECP has prepared a list of 10 companies with key shareholdings of the two brothers...

  • Senate body slams SECP for concealing details of Multan Metro Bus case

    ISLAMABAD: The Senate Standing Committee on Finance has raised doubts over whether the Securities and Exchange Commission of Pakistan (SECP) has been concealing certain facts regarding alleged corruption and money laundering in the Multan Metro Bus case...

    Senator Saleem Mandviwala, chairman of the committee, on Friday expressed his displeasure in a letter written to the SECP, berating them for delaying their response to queries put...

  • SECP gets four new commissioners

    ISLAMABAD: The government has increased the number of commissioners in the Securities and Exchange Commission of Pakistan (SECP) from five to seven even though there are not enough departments for the new appointees to head...

    Currently there are four operational divisions in the SECP including Company Law, Securities Market, Insurance Division and Specialised Companies...

  • Committee shortlists candidates for SECP commissioners

    ISLAMABAD: A high-level committee on Tuesday shortlisted six candidates out of 150 applicants for the post of six new commissioners in the Securities and Exchange Commission of Pakistan (SECP)...

    There had been a maximum of five commissioners in the SECP since its inception in 1999, however the government unexpectedly decided in August to increase the number of commissioners to seven...

  • More
Back to top