Senate Finance Committee Approves SECP Act Amendment to Add Parliamentarians to Policy Board
Senate Standing Committee on Finance approves amendment to the SECP Act 1997 allowing an MNA and a senator to join the SECP Policy Board, increasing government-nominated members to six.
SECP Pushes Digitalisation and Sukuk Reforms to Broaden Financial Access
SECP Chairperson Akif Saeed has announced new reforms to strengthen Pakistan’s Sukuk market and accelerate financial digitalisation, with initiatives such as digital account openings, retail digital Sukuk, and expanded bank participation in capital markets.
Unlocking Capital Market Potential: SECP Pushes for Stronger Integration Between Banks and Markets
The SECP has outlined reforms to strengthen Pakistan’s capital markets, including Ijarah Sukuk issuance through PSX, T+1 settlements, digital transformation, and pension system enhancements. Chairperson Akif Saeed called for greater integration between banks and markets to unlock growth potential and boost investor confidence.
SECP Urges FBR to Abolish Sales Tax on Health Insurance to Boost Access and Affordability
The Securities and Exchange Commission of Pakistan has called on the Federal Board of Revenue to remove sales tax on health insurance, urging policy reforms to make healthcare more accessible and to boost the underdeveloped individual health insurance segment.