SECP Introduces RI Framework with Continuous Learning and Digital Verification Portal
The SECP unveils a proposed framework for Registered Intermediaries, introducing continuous learning, mandatory training, and expanded digital access via its Financial Institutions Portal to strengthen compliance and governance.
SECP Amends Companies Regulations to Strengthen Minority Shareholder Protection
SECP has amended the Companies (Further Issue of Shares) Regulations, 2020 to regulate shares with differential rights, enhance transparency, and strengthen corporate governance.
Allied Bank Appoints Shahid Saleem as Divisional Head for Risk Review Department
Shahid Saleem joins Allied Bank Limited as Divisional Head of Risk Review, bringing extensive expertise in banking operations, compliance, and risk management to strengthen the bank’s governance and internal controls.
JS Group Vindicated as Karachi Court Rejects Legal Claims
A Karachi court has dismissed a legal suit against Jahangir Siddiqui & Co. Ltd., citing lack of legal standing and evidence, effectively clearing the company of all allegations.
SECP Faces Backlash Over Rs. 7 Million Islamabad Club Membership for Outgoing Commissioner
The Securities and Exchange Commission of Pakistan is under scrutiny after approving a Rs. 7 million payment for the lifetime Islamabad Club membership of outgoing Commissioner Abdul Rehman Warraich, sparking criticism over public fund use and perks for senior officials.
Zehra Khalikdina Appointed Chief Ethics & Compliance Officer at Mobilink Microfinance Bank
Mobilink Microfinance Bank (MMBL) has appointed Zehra Khalikdina as its new Chief Ethics & Compliance Officer. With her wealth of experience in compliance and ethical leadership, Khalikdina is set to enhance the bank’s commitment to transparency and responsible banking.
Sindh Bank Reports Rs 2.5 Billion Pre-Tax Profit in Nine Months, Achieves Record Growth in Deposits and Advances
Sindh Bank posts a pre-tax profit of Rs 2.5 billion in nine months, marking significant growth in operating income, deposits, and advances, highlighting resilience and strong financial performance.
Imtiaz Khan Warsi Appointed as Head of Compliance at Aik Digital, Strengthening Governance and Transparency
Aik Digital appoints Imtiaz Khan Warsi, CAMS, as its new Head of Compliance, reinforcing its commitment to strong governance, regulatory compliance, and ethical business practices in Pakistan’s rapidly growing digital financial sector.
K-Electric Reviewing Viability After Major Tariff Cut, Says CEO Moonis Alvi
K-Electric CEO Syed Moonis Abdullah Alvi has raised concerns over NEPRA’s major revisions to the Multi-Year Tariff for FY2024–30, warning that the large-scale reductions threaten the utility’s operational viability. The company is reviewing the implications and considering all legal and regulatory options to ensure service continuity and financial stability.
Engro Powergen Qadirpur Limited Appoints Athar Abrar Khwaja as Chairman and Adeel Qamar as CEO
Engro Powergen Qadirpur Limited has re-elected Athar Abrar Khwaja as Chairman and re-appointed Adeel Qamar as CEO, signaling continued leadership stability for its Qadirpur power plant operations.