Muhammad Ali Farid Khwaja Appointed SECP Commissioner for Three-Year Term by Federal Government
The Federal Government appoints Muhammad Ali Farid Khwaja as SECP Commissioner for a three-year term, bringing fintech and capital markets expertise to Pakistan’s financial regulator amid ongoing digital finance reforms.
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.
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.
PSX and SECP Sign Strategic Partnership to Strengthen Market Surveillance
PSX and SECP have signed a strategic partnership granting SECP access to PSX’s advanced New Surveillance System. The collaboration aims to enhance market oversight, ensure transparency, and align Pakistan’s capital market with international standards.
SBP Revokes License of Money Masters Currency Exchange Over Regulatory Violations
The State Bank of Pakistan (SBP) has revoked the license of Money Masters Currency Exchange Company (Pvt.) Limited, citing serious violations of regulatory requirements and prohibiting the firm from operating any foreign exchange business across the country.
SECP Mandates Phased Adoption of Shariah-Compliant Trading for Licensed Entities
The Securities and Exchange Commission of Pakistan has directed institutional investors and licensed entities to gradually adopt Shariah-compliant brokerage services, with a phased plan beginning in 2025 to align financial markets with Islamic principles.
BRR Guardian Secures Shariah Compliance Certificate from SECP to Strengthen Islamic Financial Alignment
BRR Guardian Limited has been awarded a Shariah Compliance Certificate by the SECP, paving the way for enhanced Islamic financial practices and adherence to Shariah governance.