SECP Clears 98% Adjudication Backlog, Imposes Rs. 4.73 Billion in Fines
SECP has cleared 98% of its pending adjudication backlog after issuing 573 decisions and imposing Rs. 4.73 billion in fines for legal and regulatory violations.
Askari Life Assurance Completes 51% Share Transfer From AWT To Fauji Foundation
Askari Life Assurance Company Limited has completed the transfer of 51% of its issued and paid-up share capital from Army Welfare Trust to Fauji Foundation, with the transaction completed on August 28, 2026.
SECP Proposes New Insurance Rules to Strengthen Policyholder Protection
SECP has proposed Market Conduct Rules 2026 for insurance companies, introducing claim settlement deadlines, faster policy issuance and penalties for violations.