Tag: #SECP
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Is Dr Shamshad Akhtar Violating the SOE Act 2023?
Serving as the finance minister (FM) of Pakistan since 17 August 2023, Dr Shamshad Akhtar is known for heading boards of companies, in violation of the State-Owned Enterprises (SOE) Act 2023. Dr Akhtar who is the chairperson of the Pakistan Institute of Corporate Governance (PICG), Sui Southern Gas Company Limited (SSGCL) and the Pakistan Stock…
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HASCOL – Massive Corruption of Multi-Billion Rupees EXPOSED!
HASCOL Petroleum Limited, the darling of investors within Pakistan as well as abroad who track Pakistani markets, appears to be a basket case of corporate malpractices and fiduciary malfeasance by the management. According to the reports of Baaghi TV, Pakistan’s biggest financial scandal has unveiled right in front of us as HASCOL – a public…
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Court issues freezing orders for Pak China shares in Bhojanis fraud case
KARACHI/PESHAWAR (Our Correspondent): The Peshawar High Court, Mr. Justice S.M. Attique Shah has issued freezing orders on the fraudulent transfer of shares in Pak China Fertilizer Limited case involving Muhammad Rafiq Bhojani, his son Zain Abbas Bhojani, Ashafq Ahmed and nephew Muzammil Bhojani who are all currently in the Federal Investigation Agency (FIA) over serious…
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FIA Registers multi-million Rupees fraud case against Bhojanis
KARACHI (Baaghi Reporter): The Federal Investigation Agency (FIA) has registered a criminal case of fraud of over 1 billion Pakistani Rupees against Muhammad Rafiq Bhojani, his son Zain Abbas Bhojani, Ashfaq Ahmed, and nephew Muzammil Bhojani. The case has been registered at the Judicial Magistrate South-1 Karachi under Section 154 Code of Criminal Procedure. The…
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Governing the Governable a retreat from pessimism
This opinion article is by Mr. Muhammad Saad ur Rehman. Pakistan’s economic picture is not as gloomy as being portrayed in the mainstream media, primarily in the times when the world’s largest economies are struggling in coping with the novel coronavirus. Pakistan’s economy is in the phase of stabilization. According to Economists, the economy has…
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SMEDA initiates One Window service to facilitates SMEs
SMEDA has initiated One Window services to ensure smooth registration of Small and Medium Enterprises
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Many new companies have been incorporated in 2021 leading to a positive Economic Outlook
A large number of new companies have been registered at SECP in 2021
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SECP highlights investment opportunities in ETFs
The Securities and Exchange Commission of Pakistan organized a seminar to highlight investment opportunities in Exchange Traded Funds
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Do not invest; SECP warns about companies involve in fraudulent activities.
Islamabad (Humzah Rehman): The Securities and Exchange Commission of Pakistan (SECP) has clarified that mere registration of a company with SECP does not authorize acceptance of deposits from the general public. Deposit-taking by companies other than banking companies is illegal in terms of section 84 of the Act. Financial services including car financing, leasing, acceptance…
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SECP Forms Body to Work Out Plan for Development of Private Pension Market
SECP has formed a body to work out a plan for the development of the private pension market.