SECP has notified the Listed Companies (Buy-Back of Shares) Regulations, 2016

ISLAMABAD, August 8: The Securities and Exchange Commission of Pakistan (SECP) has notified the Listed Companies (Buy-Back of Shares) Regulations, 2016. The regulations shall be applicable to buy-back of own shares by listed companies.
The regulations provide for either cancellation of the purchased shares or retaining the same as treasury shares. The earlier framework for buy-back did not provide for retaining the purchased shares as treasury shares, rather the purchased shares had to be cancelled. Buy-back of own shares by listed companies is normally undertaken for stabilizing the market price of their shares particularly when the market is passing through a bearish phase. The regulations have been finalized after obtaining public comments and holding consultation sessions with key stakeholders.