Senate Moves to Curtail Salary-Setting Powers of SECP and SBP Boards Amid Pay Hike Controversy
A Senate panel has decided to withdraw the powers of SECP and SBP boards to independently set executive salaries, following revelations of hefty pay hikes at the SECP that raised concerns over governance, transparency, and misuse of authority.
SECP Recovers Rs26 Million in Penalties, Intensifies Crackdown on Corporate Non-Compliance
The Securities and Exchange Commission of Pakistan (SECP) has recovered Rs26 million in penalties during FY 2024–25 and launched aggressive enforcement actions against illegal financial activities and corporate non-compliance.