Tag Archives: Securities and Exchange Commission of Pakistan

30,000 companies get relaxation from appointing legal advisor: SECP

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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has achieved another milestone in ease of doing business as its recommendations to amend the 43-year-old Companies (Appointment of Legal Advisors) Act, 1974, has been approved by the Parliament.

SECP shares details of defaulting brokers with UK agency

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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has accelerated its efforts to curb the misconduct, market abuse and financial crimes of defaulting brokers of Pakistan Stock Exchange.

SECP approves issuance of new modaraba of Rs300 million

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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued formal authorization to Habib Metropolitan Modaraba Management Company (Private) Limited (HMMMCPL), a wholly owned subsidiary company of Habib Metropolitan Bank Limited (HMBL), to float another modaraba of Rs300 million under the name of “Habib Metro Modaraba.”

SECP welcomes newly constituted PSX board of directors comprising Chinese investors

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KARACHI: Securities and Exchange Commission of Pakistan (SECP) has welcomed the new board of directors of Pakistan Stock Exchange (PSX) constituted on Friday, which comprised of Chinese investors.

SECP launches scrutiny of audit firms in defaulted brokers’ case

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ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has launched scrutiny of audit firms, which conducted audit of defaulted brokers.

SECP files criminal case for price manipulation in stock market

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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has filed criminal complaint on Tuesday against a person who manipulated the price of shares of Gauher Engineering Limited (now Drekkar Kingsway Limited).

SECP registers 854 companies in February 2017

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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has registered 854 companies in February 2017.
The number of companies registered with SECP during February 2017 has exhibited a remarkable growth of 71 percent over the corresponding month of the last year, said a statement on Friday.

SECP refers defaulted stock broker’s case for money laundering investigation

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ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has asked Financial Monitoring Unit (FMU) to initiate action under Anti-Money Laundering Act, 2010 against stock broker, who was found involved in financial fraud.

Government fully supports SECP for effective capital market regulation: Dar

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ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar on Wednesday said that the present government fully supports the efforts of Securities and Exchange Commission of Pakistan (SECP) for facilitation and effective regulation of capital markets.

SECP declares nine brokers as defaulters; recovers 100pc from four defaulters

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ISLAMABAD: Zafar Hijazi, Chairman, Securities and Exchange Commission of Pakistan (SECP) has said that about nine brokers have been declared defaulters.