Archive for year: 2024
December 16, 2024
SECP Led Delegation Visits China to Discuss Market Development and Mutual Cooperation
A high-level delegation, led by SECP Chairman Mr. Akif Saeed, visited China to explore market development prospects and engage in discussions on matters of mutual interest. The delegation included Mr. Abdul Rehman Warraich, Commissioner of SECP, Ms. Musarat Jabeen, Executive Director of SECP, Mr. Farrukh H. Sabzwari, Managing Director of the Pakistan Stock Exchange (PSX), […]
December 12, 2024
SECP Hosts Second International Islamic Capital Market Conference
The Securities and Exchange Commission of Pakistan (SECP), in partnership with the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and the Islamic Development Bank Institute (IsDBI), successfully organized the Second International Islamic Capital Market Conference in Karachi. Centered around the theme, “From Tech Transformation to Realizing Sustainability: Building an Islamic Capital Market,” the […]
December 7, 2024
SECP organizes Stakeholder Consultation on Insolvency and Dept Enforcement
The Securities and Exchange Commission of Pakistan (SECP) recently hosted a stakeholder consultation on insolvency and debt enforcement reforms, a key initiative to enhance the country’s legal and regulatory frameworks. The event featured valuable presentations from experts representing the World Bank and the International Monetary Fund (IMF), who shared global insights and best practices for […]
December 5, 2024
Finance Minister Launches ESG Sustain Portal Developed by SECP in collaboration with UN Women
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, inaugurated ESG Sustain, a centralized online sustainability portal developed by the Securities and Exchange Commission of Pakistan (SECP) in collaboration with UN Women Pakistan, during a ceremony in Islamabad. This launch represents a significant milestone in SECP’s ESG Roadmap, aimed at promoting sustainable practices within […]
November 12, 2024
SECP holds Pakistan’s First-Ever Start-up Summit in Karachi to Foster Innovation and Economic Growth
The Securities and Exchange Commission of Pakistan (SECP) inaugurated its first Pakistan Start-up Summit at the Pearl Continental Hotel in Karachi. The event drew strong participation from policymakers, start-up founders, international speakers, and key stakeholders, focused on building a resilient start-up ecosystem in Pakistan. The summit marked a significant step towards fostering collaboration to empower […]
November 4, 2024
Minster for Finance Muhammad Aurangzeb Inaugurates SECPs Electronic Mortgage Register for Banks and Financial Institutions. Raises Curtain on New State of the Art Office in Karachi
Federal Minister for Finance and Revenue, Mr. Muhammad Aurangzeb, inaugurated SECP’s Electronic Mortgage Register of Companies—a groundbreaking initiative that provides a centralized system for accessing and verifying company mortgage information. This comprehensive database offers Banks and Non-Banking Financial Institutions quick access to accurate, up-to-date information, supporting better decision-making and strengthening trust within the financial sector. […]
October 4, 2024
SECP Inaugurates World Investor Week 2024
Chairman SECP strikes the gong at PSX, marking the commencement of World Investors Week 2024. He remarked that in a world of rapidly evolving financial markets, it’s crucial to keep educating investors. Pakistan’s young population offers a unique opportunity to grow our capital market.
October 3, 2024
SECP Conducted Public Hearing for Development of Short-Term Listed Corporate Sukuk Market
The Securities and Exchange Commission of Pakistan (SECP) conducted the first ever public hearing on October 2, 2024 in Karachi, focusing on proposed regulatory interventions for development of short-term listed corporate sukuk market. Public hearing was attended by senior management of SECP including Chairman SECP, Commissioner (Ins) and Commissioner (SCD).
September 18, 2024
NADRA-SECP Sign MoU to Promote Mutual Cooperation
SECP and NADRA have signed an MoU to enhance mutual cooperation and information sharing. This partnership aims to strengthen cybersecurity, improve business process efficiency, and provide identity verification services to SECP-regulated entities. Chairman SECP, Mr. Akif Saeed, and Chairman NADRA, Lt. Gen Muhammad Munir Afsar, emphasized the importance of collective efforts to create a secure […]
September 12, 2024
SECP and U.S. CFTC organizes Training Program on Commodities Futures Market
The Securities and Exchange Commission of Pakistan (SECP), in collaboration with the U.S. Commodity Futures Trading Commission (CFTC), has commenced a three-day training program in Karachi, Islamabad, and Lahore. SECP Chairman, Mr. Akif Saeed, highlighted the commission’s significant efforts, including continuous stakeholder consultations aimed at fostering the development of a robust commodities market. He praised […]
August 13, 2024
SECP’s Roundtable on Takaful
In support of the ‘Insured Pakistan 5-year Strategic Plan,’ SECP organized a pivotal roundtable discussion titled “Takaful: Unlocking the Growth Potential.” The event brought together CEOs and heads of takaful operations from all insurance companies to explore collective avenues for the growth and development of the takaful sector in Pakistan.
August 1, 2024
Ishaq Dar laid foundation stone of SECP Head Office Building
Deputy Prime Minister and Federal Minister for Foreign Affairs Senator Muhammad Ishaq Dar, laid the foundation stone of the new SECP head office building. Federal Minister for Finance Senator Muhammad Aurangzeb, Chairman SECP Akif Saeed and other senior officials were present.
July 18, 2024
Insurance Companies, CDC ink MoU to establish Pakistan’s first Auto Insurance Repository
In a significant move towards enhancing the efficiency and transparency of the insurance sector, nine leading insurance companies have signed a Memorandum of Understanding (MoU) with the Central Depository Company (CDC) under the regulatory guidance of the Securities and Exchange Commission of Pakistan (SECP). This initiative aims to establish Pakistan’s first centralized auto insurance repository.
June 4, 2024
Women Equifin: Shaping Tomorrow’s Policy for Non-Banking Microfinance Sector
The SECP and ADB held a workshop on “Women Equifin: Shaping Tomorrow’s Policy for NBMFCs,” marking a significant milestone in gender equality in the microfinance sector. The workshop launched a draft Women Equality in Finance Policy Framework, based on industry insights and stakeholder feedback.
June 3, 2024
SECP bootcamp to impart financial literacy to over 1500 educators concluded
The Securities and Exchange Commission of Pakistan, in collaboration with the Ministry of Federal Education and Professional Training, effectively imparted basic financial literacy concepts to over 1500 teachers from 432 Federal Government Schools & Colleges of Islamabad Capital Territory.
May 22, 2024
SECP Commissioner launches NBFI & Modaraba Year Book 2023
SECP’s Specialized Companies Division Commissioner, Mujtaba Ahmed Lodhi, launched the NBFI and Modaraba Association of Pakistan’s Year Book 2023, which contains vital information about the NBFI and Modaraba sectors.
May 21, 2024
SECP conducts Workshop on Collaboration with China in Capital Markets
SECP Chairman Akif Saeed chair a workshop to explore potential collaboration in capital markets between Pakistan and China, leveraging the expertise and ideas of financial market experts. Participants reviewed measures for increasing Chinese investment in Pakistan’s capital markets, including cross-listing, collaborative ventures, and the creation of ETFs to provide easier access to Chinese investors. […]
May 16, 2024
SECP enters second phase of digital transformation
The SECP entered second phase of its end-to-end digital transformation and automation project, LEAP: Leading Efficiency through Automation Prowess, thereby automating its regulatory approvals and licensing regime. Phase 2A of LEAP focuses on licensing and regulatory approvals, starting with insurance and expanding to NBFCs, securities markets, and Section 42 companies. In the first phase, the […]
April 26, 2024
SECP-IFSB Malaysia organizes Workshop on Islamic Capital Markets
SECP and the Islamic Financial Services Board (IFSB) Malaysia are hosting a three-day capacity-building workshop on Islamic capital markets in Islamabad, attracting officials from the Finance Division, Competition Commission SBP, and capital market infrastructure institutions (CMIIs). Mr. Mujtaba Ahmad Lodhi, Commissioner SECP, opened the session by emphasizing Islamic capital markets’ potential for sustainable development and […]
April 23, 2024
Commissioner SECP, Aamir Khan addresses at ICAP’s seminar on IFRS-17
Mr. Aamir Khan, Commissioner Insurance, SECP, stated that the adoption of international reporting standards for modernizing Pakistan’s insurance industry is a critical priority for SECP as a regulator. Khan stressed the importance of IFRS-17 adoption by January 1, 2026, as any delay could lead to Pakistan lagging behind international markets.
April 23, 2024
SECP, Chairman Akif Saeed delivers a key note at the Gong Ceremony of ETF by Mahaana Islamic Limited.
The SECP Chairman, Akif Saeed, said that Islamic finance has been a priority area for the SECP, which has become a national priority in the wake of the historic ruling by Federal Shariat Court declaring the prevailing interest-based banking system as against the Sharia.Speaking at the Gong ceremony of Islamic ETF by Mahaana Wealth Limited, […]
March 8, 2024
SECP celebrates International Women Day; reaffirms commitment to promote gender diversity
SECP celebrated IWD24 International Women’s Day by recognizing the contributions of its female employees and the role they play in societal development. The chief guest, Roshaneh Zafar, founder and managing director of the KASHF Foundation, emphasized the importance of building a supportive network to drive change through collective action. SECP Chairman Akif Saeed emphasized the […]