SECP Flags Governance and Filing Violations by Power Sector Companies
SECP has issued compliance notices to seven power sector entities for failing to meet statutory filing and governance requirements under the Companies Act, 2017, including missing annual returns, financial statements, and mandatory board appointments.
SECP Clears Signature Residency REIT IPO, Fifth Listing on PSX in FY26
SECP approves Signature Residency REIT IPO, offering 8.25 million units to the public. The move strengthens capital formation, financial inclusion, and investor options on Pakistan Stock Exchange.
SBP Allows Banks to Increase Directors’ Board Meeting Fees by Up to 50 Percent
The State Bank of Pakistan has revised corporate governance rules, allowing commercial banks to raise board meeting fees by up to 50 percent, with higher caps linked to asset size and profitability.
SECP Recognized as Reforms Champion, Accelerates Corporate Regulatory Modernization in Pakistan
The Securities and Exchange Commission of Pakistan (SECP) has been recognized as a “Reforms Champion” by Prime Minister Muhammad Shahbaz Sharif for its leadership in easing business, digital transformation, and modernizing corporate regulations through National Regulatory Reforms.
SBP Revises Maximum Remuneration Limits for Bank and DFI Directors
The State Bank of Pakistan has revised maximum remuneration limits for directors attending board and committee meetings of banks and DFIs, updating its Corporate Governance Regulatory Framework to strengthen transparency and oversight.
Pakistan Stock Exchange Reveals Top 25 Companies Awards 2024 for Outstanding Corporate Performance
Pakistan Stock Exchange announced the Top 25 Companies Awards for 2024, honoring firms excelling in financial performance, governance, ESG initiatives, and sustainability despite challenging market conditions.
Bank of Khyber Appoints Basharat Khan as Chief Compliance Officer to Strengthen Governance
Bank of Khyber appoints Basharat Khan as Chief Compliance Officer, reinforcing its commitment to regulatory compliance, risk management, and robust corporate governance standards in Pakistan’s banking sector.
SBP Updates Governance Rules, Permits Bank Board Members to Serve on Subsidiary Exchange Company Boards
The State Bank of Pakistan has amended its Corporate Governance Regulatory Framework to permit bank board members to also serve on the boards of their wholly-owned exchange companies, strengthening oversight and institutional alignment.
Pakistan Launches $400 Million ADB-Backed Program to Reform State-Owned Enterprises
The Pakistani government moves to modernize 40 state-owned enterprises with a $400 million results-based loan from the Asian Development Bank, focusing on governance, financial sustainability, and enhanced service delivery.
SBP Updates Governance Rules to Allow Bank Leadership on Boards of Wholly-Owned Exchange Companies
The State Bank of Pakistan has revised its Corporate Governance Regulatory Framework, permitting bank presidents, CEOs, and directors to serve on the boards of exchange companies wholly owned by their respective banks, while maintaining existing restrictions for other financial entities.